Enterprise Metals Ltd. advised that NRG Australia has commenced a major helicopter borne Time Domain Electromagnetic & magnetic (TEM) survey north of Cue, over the felsic volcano-sedimentary suite hosting the Wattagee and Eastmet Zn-Cu gossan trends. Refer Figure 1. Esso and others in the 1970's intersected significant downhole widths and grades of copper-zinc sulphide mineralization at the AM14 and Eastmet Gossan prospects. (Refer ENT: ASX releases 9 Oct & 3 Nov.

2017, 24 May 2018 & 30 Sept 2019.) Although these historic copper- zinc intersections were sub-economic, they are significant as VMS style deposits can occur in clusters and along strike within distinct stratigraphic horizons. Enterprise's AEM survey consists of 91 east-west lines 400m apart and totals some 624 line km's. The survey covers Enterprise's Prospecting Licences 20/2302 and P20/2303, the eastern half of E20/944, the Wattagee horizon in E20/913, the Emily Well horizon in E20/912, and the interpreted NW continuation of these two horizons up to the northern limit of E20/911. NRG's XciteTM system when compared to all other AEM technologies available in the market is uniquely qualified and is unparalleled in its abilities.

It is the only system that offers early time (near surface) resolution due to its very fast transmitter pulse turn-off speed, coupled with late time (deep penetrating) performance in a single pulse waveform. The streaming data provides an along line resolution of ~0.5m with uninterrupted `soundings' from near surface to >300m depth of investigation. No other AEM system can offer this level of resolution laterally and vertically.