GWR Group Limited advised shareholders environmental and engineering consultants pitt&sherry have reviewed the proposed infill drilling program and lodged the required documents to apply for drilling approvals over the Arthur River deposit at the Company's Prospect Ridge Magnesite Project. With drilling approvals expected in the coming months, the company will continue to engage with potential offtake partners for a DSO product and investigate the potential for a low-cost, zero waste, high-quality and eco-friendly downstream process that can add significant value to the end product. GWR has commenced a detailed review of previous Feasibility Studies over the Prospect Ridge project and pitt&sherry will commence a logistics and infrastructure studies in the near future.

Proposed Drilling Exploration Program: An infill RC drilling program has been designed to test the deposit on a spacing of approximately 50m x 50m, consisting of 49 angled holes to 150m depth for a total of 7,350m. This drilling will better define the deposit, underpin an updated Mineral Resource estimate, and provide additional samples for metallurgical test work and potential offtake partners. The drill program is proposed over a portion of the Arthur River Deposit at Prospect Ridge.

It sits on a granted Exploration Licence, (EL5/2016), in northwest Tasmania, 55 km southwest of the Port of Burnie it is 11km long and 51km. Previous exploration at the Arthur River magnesite deposit has identified a JORC 2012 Inferred Mineral Resource estimate of 25 million tonnes at 42.4% MgO. This is based upon previous diamond drilling over a strike length of approximately 800m, where a total of 44 holes was completed for 6.939m on lines approximately 150m to 50m apart.