Aeon Metals Limited provided an update on the outcomes of 2021 field activities undertaken on its Walford Creek Copper-Cobalt Project (Walford Creek Project) in north-west Queensland. All assay results for the Pre-Feasibility Study (PFS) metallurgical and geotechnical test work program have now been received. On 30 June 2021, Aeon announced the completion of a Scoping Study on the Walford Creek Project which highlighted the potential to develop a long life, major mining project focussed on producing a portfolio of battery metals headed by copper and cobalt. This study formed the basis for directing the 2021 field program at the Walford Creek Project. A metallurgical sample collection program was split between the Vardy and Marley zones, while the Amy zone was excluded. Limited geotechnical and exploration drilling was also conducted. The program commenced with a single, multi-purpose drill rig operating on double shift from 3 June 2021. A second rig was added on 18 September 2021. A total of 46 new drill holes were completed during the 2021 drilling program plus an additional diamond tail to a historic drill hole. This represents a total of 8,951 metres of drilling. Geochemical analysis for 18 drill holes additional to those previously reported have now been received. Results of
these are documented within this release. Results from the remaining 3 holes, which were focussed on an initial assessment of the exploration potential for resource extension along strike at Marley are to be finalised and reported in due course.