IGO's most recent work on Boadicea tenements has detected anomalous intercepts of nickel, copper and cobalt at the Transline tenements in the northern section of the Fraser Range. Furthermore, work at South Plumridge has detected a new conceptual target that will form the focus of further investigative exploration in 2023. IGO completed an extensive exploration program of works in Fourth Quarter CY2022 within the Boadicea tenements which included further aircore drilling, geophysical EM survey and analysis of assays from previous drilling. Completion of 70 aircore holes for 4,268 metres completed in Third Quarter CY2022. Three (3) additional aircore holes ere completed at Ballast Eye in the current quarter. 1,252 assays have been received this quarter for Ballast NE, Ballast Eye, Ballast Central, and Buckbeak targets. Several anomalous intercepts have been detected in air core drilling including o 864ppm Ni in a BOH sample from 22AFAC10443 o 430 ppm Cu from 34-45m (11m) in 22AFAC10400 o 464ppm Co from 10-14m (weathered clays) in 22AFAC10406 IGO geochemical ranking has two moderate-high geochemical scores for intercepts in the Ballast Eye and Ballast NE targets providing support for additional work. Six (6) Moving Loop Electro Magnetic (MLEM) stations were completed on South Plumridge (E28/2937). Results planned for First Quarter CY2023. Planning for a deep diamond drill hole (~>1000m) within Symons Hill (E28/1932) to test the Hercules intrusion continues. Hercules is interpreted to extend within the Symons Hill licence. Drilling is planned to commence in mid CY2023 subject to the completion of land clearing and operational logistics. A total 1,252 assays have been received this quarter for targets Ballast NE (Transline North E28/2849), Ballast Eye, Ballast Central, and Buckbeak all within Transline West 2 (E28/2895), following air core drilling completed in the previous quarter. Several anomalous intercepts have been detected with: 864ppm Ni in a BOH sample from 22AFAC10443, 430ppm Cu from 34-45m (11m) in 22AFAC10400, and 464ppm Co from 10-14m (weathered clays) in 22AFAC10406. Six MLEM stations, part of a wider array, were surveyed within South Plumridge (E28/2937). This survey is testing a target generated through reprocessed Spectrem data, completed in February 2022, and is near
the interpreted Beacon target. Results of the survey are pending, expected in First Quarter CY2023. Three aircore holes (322m) were drilled this quarter, completing the Ballast Eye target drill program started in Third Quarter CY2023. Ballast Eye is targeting a large interpreted magnetic eye feature proximal to the Mawson and Octagonal prospects, both owned by Legend Mining.