Eastern Metals Limited announced that drill hole HDD049B, located approximately 40m beyond the existing Home of Bullion resource outline in the lower main lode, has returned very high level copper assays with significant zinc and silver credits. This result confirms the potential to further increase the size of the Home of Bullion deposit through further resource expansion drilling. Eastern Metals' asset in the Northern Territory is the Home of Bullion mine at Barrow Creek on EL23186, which was acquired from Kidman Resources (now owned by Wesfarmers) and hosts a total Indicated and Inferred Mineral Resource of 2.5 million tonnes averaging 1.8% copper, 2.0% zinc, 36g/t silver, 1.2% lead and 0.14g/t gold.

The HoB mine is classified as an Advanced Exploration Project under the Valmin Code. There are two principal lodes at HoB. These are the Main Lode (which is divided into Upper and Lower sections), and the South Lode.

Hole HDD049AA targeted the central section of the known Main Lode Lower resource envelope for extensions of the mineralisation in the east-southeast direction. The hole intersected the Main Lower Lode between 487- 500m with small (10-15cm) bands of massive sulphides including pyrite, galena and sphalerite. Hole HDD049B was designed to intersect the Main Lower Lode down dip from HDD049AA in order to extend the resource above historical drill holes HDD045 and HDD045W1.

The hole intersected a significant interval of mineralisation at 540.0m downhole over an interval of 10.5m, including a copper rich interval of mineralisation over an interval of 1.75m within this zone. Hole HDD053 was drilled to test for an extension to the upper part of the South Lode at a target 50 metres to the southeast. The hole failed to intersect mineralization and was terminated at 398.6m.

Hole HDD049AAA was designed to follow up the intersection in hole HDD049AA but was abandoned at 97.8m and redrilled as hole HDD049B. The upper section of the Main Lode may be closed along strike and down dip. The lower section of the Main Lode remains open in all directions.

The South Lode may be closed to the south southeast near the surface and at shallow depth but remains open along strike to the south and at depth. A small offset lode seen in two holes near the surface to the north northwest remains open.