Ausmon Resources Limited advised that field-based exploration at EL 8747 Stirling Vale has been completed with all targets sampled. However, sampling at EL 8745 Kanbarra had to be curtailed after completion of some surficial geochemical exploration on Redan Station due to significant rain in the Broken Hill area preventing safe vehicle access to the grounds. The Chief Technical Officer has met with most of the landowners within EL 9220 Enmore, EL 9224 Eureka and EL 9230 Mt Darling to discuss access and compensation terms and to outline the proposed exploration plans which have been generally well received by the landowners to proceed towards execution of agreements.

A total of 228 soil samples and 13 rock samples have been collected within EL 8745 Stirling Vale and EL 8747 Kanbarra. The samples will be sent to ALS Laboratory in Orange for analysis for multi-elements, including lithium and associated elements and the results will be reported when received. EL 8747 Stirling Vale: The sampling program is in the northeast of EL 8747 Stirling Vale within an area that comprises extensive pegmatite (felsic rock) with local tourmaline, biotite and muscovite interlayered with an orthopyroxene hornblende granulite (mafic rock).

The area of pegmatite is of particular interest given the presence of tourmaline and muscovite and hence volatile enriched which could indicate the potential of LCT (Lithium, Caesium and Tantalum) mineralisation. The area has not been subject in the past to any significant exploration for lithium. A series of 9 mapping and sampling traverses SV1 to SV 9 across the pegmatite zone have been targeted for samples collection for analysis for lithium and related elements.

All samples have been scanned on site for multi-element geochemistry using the Company's Olympus Vanta pXRF. However, elements such as Lithium, Caesium and Tantalum are not detectable by pXRF technology and will therefore be tested at the laboratory. EL 8745 Kanbarra: The planned field exploration for Kanbarra involves grid based soil and rock sampling across 3 areas.

Most of the Kanbarra licence area has limited outcrop with outcrop shown as coloured polygons primarily in the central eastern portion of the licence. The current areas of interest are defined by areas of low and high magnetics and elevated rock geochemistry according to the NSW Mines Department Minview Website. The collected samples have been scanned with the Company's Olympus Vanta pXRF, and selected samples will be analysed for gold and base metal at the ALS Laboratory in Orange.