Emu NL provide an update on exploration progress at the Monte Cristo prospect within its Badja Gold Project near Yalgoo, Western Australia. Multi-element assay results have been received from 3 of the 27 RC holes drilled by EMU at the Monte Cristo gold prospect during 2021. Significantly, all three holes returned highly elevated tungsten assays associated with the gold mineralisation, with intercepts up to 12m @ 0.12% tungsten trioxide1 including 1m @ 0.64% WO3.

All of the tungsten resides within the gold mineralisation envelope at Monte Cristo. Confirmatory Analysis for Tungsten EMU's drill hole samples are routinely submitted for a 14 element, four-acid digest/ICP-MS multi-element "pathfinder" suite as recommended by its geochemistry consultants4, to provide vectors on potential new gold targets. All sample analysis for this suite are completed by Nagrom Laboratories Perth, WA using the "ICP003" analytical method.

The four-acid digest is considered a "near total" digest for most elements except for highly resistive minerals such as tungsten. As such, it is likely that the values reported from the ICP003 method under-report the true tungsten grades due to the incomplete digestion of this element. Sodium Peroxide Fusion ICP 5 analysis is the industry standard method for tungsten-specific samples giving an accurate representation of precision and grade.

This method will be employed in all ongoing and future analyses to establish tungsten grades. EMU is currently conducting further element-specific testing to confirm the accuracy of the tungsten grades reported in this announcement. Multi-element assay results from the Stage 2 soil sampling programme are also pending which will assist in the planning of a follow-up RC drill programme scheduled for Second Quarter 2022.