Ausmon Resources Limited announced the results from ALS laboratory of the field-based exploration completed in March 2022 at EL 8747 Stirling Vale and EL 8745 Kanbarra. A total of 219 soils (KAS090 to KAS220) and 1 rock sample (KAR017) were collected from EL 8745 Kanbarra and 97 soils (SVS192 to SVS289) and 13 rock samples (SVR037 to SVR049) were collected from EL 8747 Stirling Vale. All soil samples were scanned with the Company's Olympus Vanta pXRF and in view of the low pXRF base metal results the Kanbarra soil samples were only analysed by the pXRF.

During the period 8th March to 11th March 2022, the Company conducted soil and rock sampling over the north-eastern portion of EL 8747 Stirling Vale. The exploration program covered a grid that contained historic rock samples with elevated base metals and a small historic working observed. 9 traverses were carried out over the remainder of the program area to assess the potential of the outcropping pegmatites to host LCT (Lithium Caesium Tantalum) mineralisation.

Field work consisted of soil sampling and rock-chip/lag/grab sampling. Soil samples were collected at a depth of 200mm and - 1mm fraction. Rock outcrops and float with mineralisation potential were sampled.

A small prospecting pit was observed, and a sample collected of the mullock pile. The sampling (SVR047) resulted in analyses of 1.75% Cu, 9,990ppm Zn and 210ppm Pb. The result will be reviewed internally in relation to further sampling in the vicinity of the prospecting pit.

2 rock samples (SVR048 and 049) returned the higher cobalt analyses at 203ppm and 121ppm respectively. The samples were associated with a linear siliceous zone adjacent to a NE-SW magnetic ridge. The associated soil traverse SV3 returned elevated zinc to 250ppm.

This siliceous contact zone will be further sampled as part of the next field sampling program. Other than surface oxidation the outcrops explored are predominantly unaltered coarse-grained quartz feldspar leuco-pegmatite outcrops with grainsize tending to be retrospective of the outcrop size, larger outcrop courser grain size. There are finer grained quartz-feldspar-biotite pegmatites locally outcropping within the alluvial system that may warrant further investigation.

There appears little if any alteration along contacts of the pegmatite and amphibolite units or within the individual units themselves, quartz veining is rare throughout. The planned exploration for Kanbarra comprised soil sampling over 3 proposed areas associated with prominent circular magnetic features in the north of the tenement. One rock sample was collected and tested at the laboratory from area 2/3 comprising silicious quartz veined metasediment outcropping proximal to an area of abundant quartz scree however, there were no significant base metal results.

The surface area comprised flat sheetwash silty clay sediment with the soils samples collected at a depth of 20cm. The program was cut short halfway through Area 2/3 due to a significant rain event that made vehicular access to the areas impossible. The sampling will be completed when the surface soils have dried out.