Pantoro Limited advised that the 2022 drilling program comprising 20,000 metres at the Lamboo PGE deposit has been completed with assays continuing to be returned. A large number of assays remain outstanding. Recent results have indicated the presence of higher grade reef style mineralisation similar to that reported in the Northern Zone on 21 July 2022 in a release titled "Rhodium and Iridium identified in Lamboo PGE Drilling".

In the Northern Zone, high grade intervals including 4 m @ 2.76 g/t 3E were identified, with associated elevated rhodium and iridium assays of 4 m @ 0.143 g/t Rh and 0.134 g/t Ir. New PGE results have been received from two kilometres south of this northern zone system in a reef containing nickel and copper sulphides which have been confirmed by hand held XRF. Laboratory assays for base metals remaining outstanding.

Results returned from recent assay returns include: 9 m @ 2.31 g/t (3E) inc. 5 m @ 3.24 g/t (3E) from 97 m.; 7 m @ 1.93 g/t (3E) inc. 4 m @ 2.69 g/t (3E) from 94 m.; 14 m @ 0.84 g/t (3E) inc. 3 m @ 1.17 g/t (3E) from 1 m.; 6 m @ 1.93 g/t (3E) inc. 4 m @ 2.23 g/t (3E) from 130 m.; 29 m @ 1.10 g/t (3E) inc. 7 m @ 1.94 g/t (3E) from surface. In addition, a review of results from an isolated historical hole on this trend suggest that the reef has the potential for a strike extent of up to 3.5 kilometres based on existing drilling, remaining open both to the north and south.