Woomera Mining Limited provided an update on the various exploration programs underway across its suite of nickel-copper-PGE, lithium and gold projects in Western Australia and South Australia. Highlights: Completion of Mt Venn 1H exploration initiatives - assay results awaited from eight of 10 reverse circulation holes completed as part of May-June drilling campaign. Airborne electromagnetic survey at the Wyloo Dome gold JV in the Ashburton scheduled for late July - targets identified will be tested with RC drilling.

Heritage surveys completed and approvals expected to allow commencement of Aircore drilling at Lake Dundas lithium project in the September quarter Geochemical sampling partially completed over Pilbara and Ravensthorpe lithium projects, with additional work scheduled for the September quarter. Current Exploration Programs: The majority of the Company's exploration objectives for the June quarter were met, save for the completion of sampling campaigns at the Pilbara and Ravensthorpe lithium projects, where rain events resulted in delays until the September quarter. Mt Venn Ni-Cu-PGE Project Drilling Completed: Woomera's 80%-owned Mt Venn Project covers 50km of continuous strike within the underexplored Mt Venn Greenstone Belt located in the NE Goldfields of WA, 40km west of the world-class Gruyere Gold Project.

Following the completion of a 10 hole RC drilling program at the Mt Cornell and Mt Warren prospects over May and June, the Company is awaiting final assays from the majority of holes. Results have been received for drill holes MVRC070 and MVRC071. Hole MVRC071 intersected 25m of disseminated sulphide mineralisation, with assays confirming a wide zone of anomalous copper and nickel mineralization.

The drilling program was designed to test for extensions of the previously reported disseminated and massive Ni-Cu sulphide mineralisation in holes MVRC063, MVRC064 and MVRC065 including a potentially 500m-long mineralised strike between MVRC064 and MVRC065. Drill holes MVRC057 and MVRC059 from last year's drilling have been resampled due to being misplaced at the laboratory. Samples were submitted after this year's drilling, and are still awaited.

Dependent on the pending results, the Company will assess drilling options moving forward. The Company still has a number of targets which are yet to be drilled including untested EM anomalies on an adjacent EL application which is expected to granted later this year. Wyloo Dome Joint Venture An airborne EM survey will commence at Woomera's Wyloo Dome Project, located between the +1Moz Paulsens and Mt Olympus gold deposits in the Ashburton region of WA, in late July 2022.

The Project covers over 40km strike of the highly prospective Mt McGraths Formation, which is the host rock for gold mineralisation at the Mt Olympus deposit. Woomera can earn a 60% interest in the project by spending up to $4 million on exploration within three years. An RC program will be designed to test any targets arising from the EM survey.

Lithium Projects: Pilbara Lithium: A comprehensive geochemical sampling campaign was planned for the Pilgangoora North tenement during the June Quarter; however, adverse rainfall events made the bulk of the areas inaccessible and, the work has been rescheduled for completion by the end of August. Lake Dundas Lithium: Woomera is awaiting Program of Work approval for its proposed Aircore drilling program at the Lake Dundas lithium project, near Norseman in Western Australia. A heritage survey was completed on the project during the June quarter.

An auger soil lithium anomaly was defined within project tenement EL63/1804 through a sampling program conducted by AngloGold Ashanti Australia in 2000. As previously advised, the Aircore program is designed to test for lithium mineralisation under the surface of the lake. Ravensthorpe Lithium: Limited geochemical sampling was conducted over the Ravensthorpe tenement, located near Allkem Limited's Mt Cattlin lithium mine, during the June quarter.

The full program of soil sampling is expected to be completed during the September quarter, with the aim of generating follow-up drill targets. Labyrinth Project - South Australia Woomera has completed a follow-up, infill auger program over at the Company's Labyrinth project. Results are expected to take eight weeks to be received.

The Labyrinth project is located 200km west of Coda Minerals' Elizabeth Creek IOCG discovery. Musgrave Project - South Australia Woomera has committed to completing an airborne EM survey over the prospective areas of its Musgrave project area which will take place in the December quarter 2022. This will be followed up with drilling of targets in the first half of 2023.