Australian Goldfields Limited provided an exploration update for the Cuprite East and Cuprite West Projects located in the Pilbara Region of Western Australia. The projects are two separate blocks with E45/4918 (Cuprite East) at 6,936 hectares and E45/5028 (Cuprite West) at 2,980 hectares. The region has a history of lithium exploration and production, with recent local developments drawing the interest of the Company.

A surface sample program was recently initiated to identify any anomalous zones or outcrops. A total of 1,246 soil samples have been collected and are in transit to ALS Laboratories located in Brisbane, Australia, an ISO Certified laboratory. Samples were collected along a survey grid covering the deemed areas of contact between granite and greenstone units.

Analysis is now being conducted and results are expected this month.