Peel Mining Limited updated the market on recently achieved positive metallurgical and ore-sorting testwork undertaken on representative mineralised samples from the Wirlong and Mallee Bull deposits within the South Cobar Project (SCP). Wirlong Metallurgical Testwork: Metallurgical testwork has been focused on the Company's Wirlong copper deposit, ahead of the release of a maiden resource for Wirlong later this year. Previously, highly encouraging first stage metallurgical testwork from Wirlong sample WLDD009 achieved 96.9% copper recovery to a 27.1%. Recently completed metallurgical testwork was designed to test differing ranges of copper grades utilising sequential and locked cycle flotation, to prove and optimise the recovery process of Wirlong mineralisation. Metallurgical samples from WLD009, WLDD011 and WLDD013 were selected as potentially representative of the grade and mineralisation styles for the anticipated resource model. The sample composites were continuous, with the two WLDD013 samples divided into a low-grade and high-grade interval to capture the likely grade variations that could exist. The testwork program was conducted by ALS Metallurgy Lab in Burnie, Tasmania, and was designed to establish a preliminary flowsheet and assess recoverability of the Wirlong copper mineralisation into a flotation concentrate. Following initial grind establishment and two-staged "cleaner" sequential flotation process, a six-stage repetitive locked cycle test was undertaken on Wirlong samples to simulate operation of a continuous circuit where an intermediate recirculation process of the cleaner stream(s) is performed. Wirlong Preliminary Comminution Testing: Results for preliminary comminution testing (Bond Ball Mill Work Index) testing show the ore to be hard typically requiring 19.5 to 20 kwh/t. Additional comminution testing is currently underway through ALS Laboratories. Wirlong & Mallee Bull Ore-Sorting Testwork: Following on from the successful ore-sorting testwork conducted in January 2021, the Company submitted samples from the Wirlong and Mallee Bull deposits to undergo further ore-sorting trials at the TOMRA Sorting facility in Sydney. For performance testing all material was crushed and screened at 8 - 19mm & 19 - 50mm with subsequent 8 - 19mm & 19 - 50mm products sorted. Less than 8mm material was considered as unsorted undersize material and would be directly milled in a conceptual full-scale operation. The primary sorting task was to investigate the sortability of material from three samples - designated A, B & C - and attempt to provide high-recovery sorts for both size fractions. All runs utilized both DE-XRT processing to eject high-density sulphides and the EM sensor to eject any magnetic /conductive sulphides such as pyrrhotite.