Apollo Minerals Limited reported further results of shallow, high-grade zinc-lead mineralisation from its 2022 drilling campaign at Dikaki (Dikaki or TP11) within the province-scale Kroussou zinc-lead Project (Kroussou or Project) in Gabon. Results have been received for 13 diamond holes for a total of 732m from the current drilling program at Target Prospect 11, Dikaki (TP11). High-grade mineralisation at Dikaki continues to be zinc-dominant, with zinc comprising >85% of the total Zn+Pb content in the latest results.

Significant intercepts reported in this announcement include: 10.3m @ 4.0% Zn+Pb from 25.4m within a broader zone of 15.3m @ 3.0% Zn+Pb from 25.1m in DKDD141; 8.3m @ 3.8% Zn+Pb from 23.2m within a broader zone of 17.4m @ 3.0% Zn+Pb from 23.2m in DKDD140; 11.1m @ 3.8% Zn+Pb from 56.0m within a broader zone of 25.8m @ 3.0% Zn+Pb from 56.0m in DKDD134; 14.5m @ 3.0% Zn+Pb from 57.6m within a broader zone of 23.2m @ 2.4% Zn+Pb from 54.7m in DKDD138; and 9.1m @ 4.7% Zn+Pb from 47.6m within a broader zone of 23.2 @ 3.0% Zn+Pb from 34.0m in DKDD139. The sphalerite (zinc sulphide) and galena (lead sulphide) sulphide mineralisation is hosted within microconglomerates and sandstones. Sulphide mineralisation appears to be stratigraphically controlled by the porosity of the various rock types.

The intercepts from the reported drill holes correlate well with the geometries of mineralisation displayed in nearby drill sections, which bodes well for 3D modelling of the mineralisation. Drill holes DKDD134, 138, 139 and 140 are all on section with strong correlation of the mineralised zones 100m east of previous high grade intersections in DKDD094, which included two closely located zones of 10.6m @ 3.5% Zn+Pb from 25.5m and 19.0m @ 3.7% Zn+Pb from 39.4m1 plus DKDD121 and 1222 with 10.1m @ 5.7% Zn+Pb from 15.3m and 13.5m @ 4.0% Zn+Pb from 20.0m respectively. These intersections continue to grow a developing high-grade zone including DKDD118 (19.8m @ 4.0% Zn+Pb from 51.2m and 3.7m @ 7.5% Zn+Pb from 38.3m within a broader zone of 40.0m @ 3.1% Zn+Pb from 31.1m)2 successfully demonstrating the extension of high-grade mineralisation 230m to the east of DKDD094.

The 2022 Phase 1 drill program at TP11 Dikaki, which was designed to test for mineralisation to the east and west of known intercepts on nominal 200m and 400m spaced sections; and to test the entire width of the channel, is complete. This program has been particularly successful in discovering high-grade mineralisation in the Dikaki-East area. The current drilling focus is now on the regional drill targets at TP9 and TP13.

At TP13, 22 holes for 981m have been drilled to date and are currently being processed on site. The 2022 planned work program at Kroussou is ongoing and is currently focussed on: Regional drilling and targeting at TP13, TP9 and TP8; Analysis and interpretation of data acquired from the recently completed AEM survey (~ 430km2) across the whole 80km strike length of prospective geology of the Kroussou project area; Field exploration to identify new zones of mineralisation at other defined prospects/regional targets through mapping, rock sampling and soil geochemistry; Analysis of results from the passive regional seismic program; Metallurgical test work to confirm positive high-recovery, high-quality sulphide concentrate production; and High level analysis of regional infrastructure options for materials transport. Two diamond rigs are currently drilling at TP13 and will move shortly to TP9.

The passive seismic program which covered TP13, TP9, TP8 and TP4 has been completed, with the data currently being analysed. Metallurgical test work is ongoing utilising the 500kg of HQ diamond core from Dikaki for flow- sheet test work (flotation, variability, comminution) being undertaken by Independent Metallurgical Operations Pty Ltd. (IMO) in Perth with initial results expected in the quarter.