• Broad, high-grade zones of antimony mineralisation intersected within and outside the current Resource
• Exploration drilling has identified additional mineralised lodes north of the Taipan Lode
• Metallurgical test work underway to support economic studies

Black Cat Syndicate Limited has provided an update on diamond drilling at the 100% owned Mt Clement Antimony Project. The ~7,000m drill program, involving 3 rigs, is focused on infill and metallurgical holes at the Taipan Lode to upgrade the current Resource, as well as extensional holes targeting additional antimony lodes outside the current Resource. 15 holes (4,185m) have been completed to date, all of which have intersected the Taipan Lode structure. Assays have been received for 3 holes, 2 of which were infill within the current Resource and intersected broad, high-grade zones, including 12.45m @ 1.15% Sb, 1.51% Pb and 16.10g/t Ag from 80.00m. Results from the third hole, ~40m below the current Resource, include 6.58m @ 1.56% Sb, 2.33% Pb and 11.58g/t Ag from 236.60m. One exploration hole has also intersected 3 additional mineralised lodes to the north of Taipan. The first Exploration Incentive Scheme co-funded hole has been completed, intersecting the Taipan Lode ~150m down dip from the current Resource. Ongoing activities include further diamond drilling, desktop environmental studies, baseline environmental surveys, and metallurgical test work to support economic studies.

With strong success to date, targeting previously un-drilled lodes north of the current Resource, the Company has expanded the program by ~1,000m to further define these sub-parallel lodes. The Company is also collecting metallurgical samples from the Taipan Lode to support economic studies and is increasingly confident in Mt Clement's capacity to become a commercially attractive critical minerals development and a major near-term growth opportunity.