Australian Potash Limited provided an update on activities and operations at the Lake Wells Gold Project. Highlights: Drilling by Joint Venture partner St Barbara Limited (St Barbara) has continued to expand the footprint and tenor of gold mineralization; Mineralised corridor exceeding 9 kilometres in length delineated; Highest grade air-core (AC) assay results from regional scale drilling program returned: LWAC0900: 1m @ 3.88g/t Au from 47m; LWAC0979: 3m @ 2.03g/t Au from 62m including 1m @ 5.53g/t Au from 62m and 4m @ 0.33g/t Au from 71m; LWAC0824: 3m @ 0.99g/t Au from 53m including 1m @ 2.46g/t Au from 55m and 1m @ 0.111g/t Au from 58m; Diamond core drill program underway with two holes of a three-hole program completed and assays expected from March 2021; A 19 hole, 3,400 metre Reverse Circulation (RC) drill program underway with assays expected from March 2021. APC's earn-in joint venture (EIJV) partner at the Lake Wells Gold Project, St Barbara, has continued to expand the footprint and tenor of gold mineralisation at the Lake Wells Gold Project. Results reported confirm the strong potential for the project to host a significant gold deposit. Gold focused, regional scale, aircore (AC) exploration drilling under the EIJV commenced on 3 April 2019. A 338 hole, 19,853m AC drill program was completed in H1 FY21. To date, 1,119 AC holes have been completed for a total of 58,614 metres (Figure 2). All H1 FY21 AC samples have been submitted for assay, and results have been received. Selected 1m samples through zones of elevated gold mineralisation were also submitted for final assay, with these results reported here. Highlights of the recent work include: Confirmation of gold mineralised corridor exceeding 9km in length: High grade assay results up to 1m @ 5.53g/t Au from 62m for LWAC0979; 2020LWAC0824: 3m @ 991 ppb Au from 53m including 1m @ 2460 ppb Au from 55m and 1m @ 111 ppb Au from 58m; 2020LWAC0900: 1m @ 3880 ppb Au from 47m; 2020LWAC0929: 1m @ 264 ppb Au from 52m; 2020LWAC0979: 3m @ 2026 ppb Au from 62m including 1m @ 5530 ppb Au from 62m and 4m @ 333 ppb Au from 71m; 2020LWAC1032: 1m @ 742 ppb Au from 40m; 2020LWAC1075: 2m @ 643 ppb Au from 42m including 1m @ 949 ppb Au from 42m; Additional areas for first-pass testing have been identified. In order to test identified anomalies at depth and gain a better understanding of the host geology a limited program of diamond drilling (DD) and reverse circulation (RC) has been planned and implemented. Three DD holes have been planned, two in the SYAC area drilling beneath AC anomalies. The third DD hole is underway and aimed at a conceptual target near Lake Wells. RC drilling designed to broaden the base of exploration and test anomalies at depth is underway. Initially 19 holes have been planned to work toward the targeted zones with most of the RC drill holes being planned in pairs as `scissor' holes so that information on the geology, style and controls of observed mineralisation can be made. This information can be used to guide future exploration programs. The scale of the RC program is considered appropriate at this phase of exploration and results will be reported as they come to hand through the quarter, expected from March 2021.