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C29 Metals Limited (ASX:C29) (C29, or the Company) is pleased to provide an overview of activities for the period ending 31 December 2024 (the “Quarter”, the “Reporting Period”) to accompany the Appendix 5b.

December 2024 Quarter Activities

• Company finishes Quarter in good cash position with $2.562m cash at bank.
• Category 2 drilling approval received allowing drilling to commence at the Ulytau uranium project.
• Category 4 approval received allowing geological works excluding drilling to commence on the newly granted norther and southern tenemenets.
• Airborne geophysical programs completed on the Ulytau and southern tenements.
• Company receives notice that its application for Ministerial approval to transfer the ownership of Ulytau Resources Limited, the holder of the Ulytau tenement, had been refused at first instance.

Commenting on the Quarter, C29 Metals Managing Director, Shannon Green, stated: “This Quarter has presented success and challenges for the Company, with the Company experiencing great successes in the granting of approvals for exploration and drilling and also an unexpected setback, with the refusal of Mnisterial approval to transfer the ownership of Ulytau Resources Limited, the holder of the Ulytau tenement.

The Company and its advisors continue to work to address the refusual and remain confident it will be resolved. “

Exploration Program – Ulytau Uranium Project

Approvals

On 7 November 2024, the Company announced that it has received the official Category 2 environmental permit from the Natural Resources and Environmental Management Department allowing drilling to commence at the Ulytau uranium project.

During the quarter the Company worked at finalising the commercial agreement with Volkov Geology and finalising the commercial agreement with the independent drilling contractor, in anticipation of commencing an initial diamond drill program at the Ulytau uranium project.

The Company also received received Category four (4) exploration approval enabling the immediate commencement of tenement wide, geophysical, field mapping and soil sampling programs at its newly granted southern (#2786-EL) and northern tenements(#2826-EL).

The Company’s geology team commenced airborne geophysical programs on the Ulytau tenement (#1860-EL) and the southern tenement (#2786-EL). Refer Figure 1 for Ulytau Uranium Project Tenement locations and geophysical survey flight lines.

On 28 November, the Company received notification via email, at 8pm (ADL), that its initial application for Ministerial approval to transfer the ownership of Ulytau Resources Limited, the holder of the Ulytau tenement, had been refused at first instance.

Upon notification, C29 Managing Director Mr Shannon Green, travelled immediately to Almaty, Kazakhstan, and has been working closely with the Company’s advisors and liaising with various ministries and levels of Government to ensure that all concerns are understood and addressed adequately.

During this time, the Company made the difficult decision to pause exploration works including the planned drill program, further on ground exploration activities, desktop studies and interpretation of data. By conserving cash during this period, the Company aims to maintinain the strongest financial position to continue work once the necessary approvals have been obtained.

On 23 December 2024, the Company released an announcement, providing an update on the refusal to grant Ministerial Approval.

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This article includes content from C29 Metals Limited, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.

Metal Bank Limited (‘MBK’ or ‘the Company’) is pleased to outline below the activities for the Quarter ended 31 December 2024 (‘Quarter’).

Highlights

WA Livingstone Gold

• Strategic review of the Livingstone project continues with existing JORC resource optimization work currently underway
• Advanced gold project with defined gold resources and significant expansion potential at Kingsley extension and Livingstone North within trucking distance to existing processing facilities
• Multiple exploration targets¹ defined by geochemical, alteration, structural, geophysical and drilling results over >40km of structural strike length
• Numerous high-quality gold targets not yet tested

Saudi Arabia

• CMC (MBK’s Saudi JV Company) awarded the Wadi Al Junah Project from the recent Saudi Government Exploration Licensing Round 6
• Wadi Al Junah is prospective for volcanogenic massive sulphide (VMS) copper-zinc-gold-silver mineralisation and shear zone gold-silver, with several untested priority targets
• Initial fieldwork conducted at Wadi Al Junah, with sampling results awaited
• MBK continues to assess new potential project areas in Saudi Arabia prospective for copper, gold and other critical minerals
• MBK continues discussions with third parties holding exploration licences regarding potential co-operation
• MBK’s Chair, Ines Scotland and Executive General Manager Jon Black attended the Future Minerals Forum in KSA

Jordan

• Exploration rights granted over Area 65, a bulk tonnage stratiform copper- oxide target, located northwest of the company’s Malaqa project
• Exploration rights now held over Area 47, a newly recognized 4km² intrusive system in Southern Jordan anomalous for Mo-Cu-Pb-Zn in recent stream sediments; the Company’s Malaqa project; and Area 65
• MBK continued to advance its three-project strategy in Jordan aimed at systematically progressing all three projects (Malaqa, Area 47 and Area 65) to drilling status at the same time, to provide cost effective scale for a drilling program

Millennium Co-Cu-Au Qld

• Thick, high grade intersections returned from graphite analysis of previous Cu-Co-Au drilling samples including²:
  • 56m @ 18.29% graphite from 66m (MI22RD01)
  • 20m @ 14.05% graphite from 64m (MI22RD02)
  • 49m @ 12.97% graphite from surface, and 14m @ 18.88% graphite from 64m (MI22RD06)
• Significant intersections within and adjacent to the pit model for the existing 2012 JORC Inferred Resource of 8.4Mt @ 0.09% Co, 0.29% Cu and 0.12g/t Au for a 1.23% CuEq³
• Further metallurgical and drilling work in planning, to unlock additional value to commence following the wet season

Corporate

• Entitlement Offer seeking to raise up to $1.56 million closed fully subscribed with significant support from existing shareholders and new institutional and professional investors
• MBK’s Annual General Meeting held in November 2024, with all resolutions carried

Metal Bank Executive Chair, Ines Scotland, commented:

“During the Quarter we have made significant advances at all of our projects.

In Western Australia, we are continuing our strategic and resource review on our Livingstone Gold Project. This is a valuable project, supported by a very robust gold market, and we are focused on unlocking the value.

We have progressed our three-tier strategy in Saudi: our JV Company with our former partner for the Jabal Sayid Project has been awarded the Wadi Al Junah project following the Round 6 Auctions; our geologists have reviewed available data, conducted field work and assays are awaited; and we have also furthered discussions with industry participants who hold granted licences regarding potential co-operation.

We have now secured exploration rights over two areas in addition to our original Malaqa project in Jordan and we are in discussions with a local company regarding a JV on the projects to offset our time and funding requirements.

In Queensland, graphite analysis of previous drilling samples at our Millennium project returned thick, high grade intersections, which will be followed up with further drilling and metallurgical testing aimed at adding further value to this project”.

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This article includes content from Metal Bank Limited, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.

Wide Open Agriculture (WOA:AU) has announced Quarterly Activities Report and Appendix 4C

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Adavale Resources Limited (ASX:ADD) (“Adavale” or “the Company”) is pleased to report on its activities for the quarter ended 31 December 2024.

KEY HIGHLIGHTS

Parkes Gold and Copper Project, NSW

• All-scrip acquisition of 72.5% interest in the Parkes Gold and Copper Project located in the Lachlan Fold Belt of NSW, Australia
  • Immediate focus on the London-Victoria Gold Mine, with historical estimates of 3.70Mt @ 1.04g/t Au for 124koz gold¹
  • Diamond drilling completed in November 2024 demonstrates potential 12m thick down-dip extension of the London-Victoria mineralisation
• Parkes Project acquisition was completed in January 2025 with the London- Victoria tenement EL7242 successfully renewed until November 2030

Uranium Exploration Activities, SA

• Cultural Heritage survey finalised at MacDonnell Creek (SA) with 2,000m Uranium drilling program expected to commence in Q2 2025

Corporate

• $1.675 million capital raising to professional and sophisticated investors with Directors and Officers co-investing ~$100,000 (over 6%) of the Placement to advance the Parkes Project announced during the quarter
• Mr. Allan Ritchie transitioned to Executive Chairman on 31 October 2024
• Adavale maintains a strong balance sheet following completion of the Tranche 2 Placement in January 2025

Adavale’s Executive Chairman and CEO, Mr. Allan Ritchie commented:

“The completion of both the Parkes Gold and Copper Project acquisition and recent Placement is a critical step forward for Adavale, with enough funding for exploration and drilling on the numerous highly prospective targets across our 4 licences located in the Lachlan Fold Belt, a Tier 1 mining jurisdiction. One of Adavale’s licences also includes the London Victoria historic mine with a historic resource of 124koz Au that Adavale will work on upgrading to JORC-qualifying status.

In addition, the Adavale team have just returned from a site visit and are very excited with the Parkes Project and the opportunity it presents to develop solid shareholder value and we look forward to providing regular updates from the Parkes Project throughout the exploration programs ahead.”

Parkes Gold and Copper Project (NSW)

During the quarter, Adavale announced the acquisition of a 72.5% interest in the Parkes Gold and Copper Project (“Parkes Project”) on 29 November 2024. The acquisition was completed in January 2025. Refer to ASX announcement dated 29 November 2024 for the terms of the acquisition.

The Parkes Project is located within the prolific gold and copper producing Macquarie Arc portion of the Lachlan Fold Belt in central NSW – hosting some of Australia’s most prolific gold and copper mines. The acquisition includes four exploration tenements that encompass a total of 395km2 in an area that is adjacent to the Northparkes copper gold-mine, as well as Cadia-Ridgeway – a world-class deposit for copper and gold mineralisation.

The Exploration Licences (‘EL’s’) are situated where Early Ordovician-age Junee-Narromine Volcanic Belt rocks of the western part of the Arc are intersected by the crustal-scale structural corridor of the Lachlan Transverse Zone (‘LTZ’). Significantly, the LTZ is host to Tier 1 gold and copper mines, such as Northparkes (5.2Moz Au & 4.4Mt Cu) and Cadia-Ridgeway (35.1Moz Au & 7.9Mt Cu) where it intersects Macquarie Arc rocks (Figure 1).

The Parkes Project’s most advanced prospect is the former London-Victoria Gold Mine which saw estimated historical production by BHP Gold and Hargraves of 200,000 to 250,000 ounces at a head grade of 1.5-2g/t Au. A Historical Estimate of 3.7Mt at 1.04g/t Au for 123.8koz Au was defined for London-Victoria.

At London-Victoria, it is intended to utilise the existing drillhole database, augmented by a small number of new well-targeted deeper holes, to estimate a Mineral Resource. This opportunity comes at relatively low cost and at a time of record gold prices. Recent diamond drilling at the mine intersected a 12m potential down-dip extension of the deposit to be confirmed with assay results expected soon.

In conjunction with the acquisition of the Project, Adavale received binding commitments to raise $1.675 million (before costs) through a placement to new and existing sophisticated and professional investors. Proceeds from the Placement will be used to accelerate exploration activities within the Parkes Project with a primarily focus on increasing and upgrading the London-Victoria resource to JORC-qualifying status.

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This article includes content from Adavale Resources, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.

Norfolk Metals (NFL:AU) has announced Quarterly Activities/Appendix 5B Cash Flow Report

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