Enterprise Metals Limited announced that a program of 5 reverse circulation (RC) holes has commenced at its Mandilla project, near Widgiemooltha, Western Australia. This drilling program is designed to follow up anomalous lithium results reported to the ASX on 26 October 2022. Enterprise reported that a limited number of Mandilla sample pulps from three angled slimline 80m deep RC holes drilled to test the eastern margin of the Mandilla Syenite intersected pegmatites, which when analysed, reported anomalous lithium values., as shown below: MERC010: 12 m @ 0.45% Li2O from 52 m depth, MERC011: 8 m @ 0.29% Li2O from 36 m depth & 7 m @ 0.37% Li2O from 48 m depth.

Enterprise is now undertaking Stage 2 RC drilling to define the aerial extent, geometry and nature of the pegmatites and their lithium potential 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 eastern margins of the Mandilla Syenite.

The syenite intrudes volcanoclastic sedimentary rocks in the area which form part of the Spargoville Group. Significant 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 localising gold mineralisation within the Mandilla Syenite. Enterprise's target at Mandilla is pegmatite-hosted lithium mineralisation and also primary gold mineralisation, the latter similar to the 1 Moz's discovered on the western margin of the Mandilla Syenite by Astral Resources NL.

AAR's drilling has demonstrated that shallow low grade gold intersections in saprolite and saprock may overlie primary gold mineralisation. Enterprise believes that the eastern margin of the Emu Rocks Granite (on E15/1437) is equally prospective for gold, but the regolith is deeper and although Enterprise has completed 121 aircore (AC) holes and 22 reverse circulation (RC) holes on the property, the drilling grid is still very sparse.