Demetallica's inaugural drill campaign at its 100% owned Jericho copper-gold deposit continues to deliver positive assay results from the J1 Lode with the second batch of RC drill assays supplementing earlier results1 for the Matilda shoot. Additionally, results from the first two diamond extension holes confirm depth
extension expectations for the Jumbuck shoot. Demetallica has two drill rigs operating at Jericho - a Reverse Circulation (RC) rig on day shift operations
conducting infill resource drilling and a diamond rig on day/night shift drilling exploration extension holes down-plunge of the existing resource. Drilling into both J1 & J2 lodes continues, with 42 holes now complete on J1 Lode. RC drilling continues to encounter strong copper mineralisation within the target positions demonstrating good continuity on both shoots (illustrated in Figure 2 on Matilda shoot). Infill drilling of the Matilda shoot within J1 is nearing conclusion with 22 of 25 planned holes complete, of which 5 are reported herein. Matilda shoot infill holes provide nominal 50m drill spacing covering 450m of strike and 150-200m depth extent . 11 of 25 planned infill holes within the Jumbuck shoot at the southern end of J1 lode are complete, for which assays are awaited. These holes provide nominal 50m drill spacing covering most of an area 300m long and 200m depth extent. Resource extension drilling at J1 Lode is also progressing strongly with 9 holes now complete comprising 3 holes within Jumbuck shoot of which 2 are reported herein and 6 holes within Matilda shoot. Copper sulphide was intersected in all holes at the predicted lode position confirming mineralisation extends below the base of the current resource within both shoots. Assay data for individual batches are progressively available with lab turn-around times taking around 8 weeks. Visual observation of drill chips and core for holes with assays outstanding are consistent with expectations, exhibiting intercept width and copper sulphide content variability, as expected.