GPM Metals Inc. provided an update to its Walker Gossan Project, Arnhem Land, Australia. GPM announced that it has finalized a planned exploration program for 2024-25 on the Walker Gossan project. The work plan covers EL24305 and EL385.

This plan is based on previous exploration activities in 2016 as well as the Aerial Gravity Gradiometric (AGG) survey completed in 2023. The AGG survey has identified a large (2km by 1km) gravity anomaly which is coincident with a surface radiometric anomaly and anomalous thalium geochemistry. The follow up work program will be targeting large sediment hosted base metal deposits.

Should the traditional owners approve the plan then, subject to weather and ground access conditions, GPM Metals expects to mobilise in early August to commence the planned activities which it expects will likely continue into 2025. Proposed 2024-25 Program: A low impact and minimal disturbance exploration program is proposed by GPM for 2024-25. It is anticipated to include the following activities.

Geological reconnaissance, including mapping and outcrop rock chip sampling for geochemistry and petrology. A ground gravity survey over the elevated density area as defined by the AGG survey in the northern portion of EL 24305. Soil and outcrop sampling on an approximately 4 by 5 km grid over areas of elevated density.

Diamond and/or RC drilling to test any validated gravity/geochemical anomalies. Diamond and Reverse Circulation drill program: Areas of interest highlighted through the mapping, sampling and gravity program, would then be targeted by a drilling campaign. Both diamond core and reverse circulation (RC) drilling similar to what was carried out on EL 24305 in 2016 is envisaged.

Mr. Dan Noone will supervise and manage this exploration program. Acquisition of Additional Exploration Ground: It is important to note that should additional gravity anomalies be found to continue outside its historical exploration boundaries, the new agreement announced on June 20, 2024 with Rio Tinto Exploration has substantially increased its land position to the north along the significant regional fault structure that appears to be controlling the gravity anomalies.