Enterprise Metals Limited advised that the Enterprise 2021 aircore (AC) and reverse circulation (RC) drilling program at Mandilla (E15/1437) has returned elevated lithium assays and intersected a number of pegmatites across several drill holes within a felsic volcanic suite marginal to the Mandilla Syenite. To gain understanding of the geochemistry of the pegmatites, and to test the reliability of rapid turn-around pxRF Li Index results for exploration purposes, while awaiting laboratory mass spectrometry results, Enterprise set out to compare the results of both methods. The first step was to have Portable Spectral Services Pty Ltd. ("PSS") in West Perth WA analyze RC sample pulps from some of the holes drilled in 2021 using their pXRF Li-Index technology, and compare the results with a 60 element analytical suite from MinAnalytical Laboratory Services Pty Ltd. in Canning Vale, WA which included Be, Cs, Ga, Li, Nb, Rb, Sn, Ta and Tl in ppm.

4m RC composite samples containing geologically-logged pegmatite were split equally into A and B kraft packets, and the B samples were sent to PSS for pXRF Li-Index analysis, and the A samples were sent to MinAnalytical for 60 element L-C-T analysis. The analytical comparisons strongly suggest that rapid turnaround pXRF analyses are a useful tool for regional lithium exploration. Further AC and RC drilling at Mandilla is required to determine the extent, nature and geometry of the intersected pegmatites and the pegmatite zones that have greatest lithium prospectivity.

Enterprise's principal target at Mandilla is primary gold mineralisation, similar to that discovered on the western margin of the Mandilla Syenite by Anglo Australian Resources NL. AAR's drilling has demonstrated that shallow gold intersections in saprolite and saprock may overlie primary gold mineralisation. The Mandilla Prospect is located in the Widgiemooltha greenstone belt in the western part of the Kalgoorlie geological domain, some 100 kilometres south of Kalgoorlie by road and 20 kilometres south west of Kambalda.

Significant nickel and gold deposits are present in the belt, with the nearest mined gold deposit being the high- grade Wattle Dam Mine located approximately 3 km to the west of Mandilla. The Mandilla Prospect lies on the margins of the Mandilla Syenite. The syenite intrudes volcanoclastic sedimentary rocks in the area which form part of the Spargoville Group.

NW to WNW and NE trending structures along the western flank of the tenements are interpreted from regional aeromagnetic data to cut through the Mandilla Syenite and may be important in localizing gold mineralisation within the Mandilla Syenite.