Inca Minerals Limited announced further to its announcement of 24 November 2022, the company provided an update on its ongoing work to evaluate the recently identified phosphate potential of its 100%-owned Frewena Group Project in the Northern Territory. Highlights: A study by independent consultants of historical, non-Inca drilling and assay data reveals that the Cambrian sedimentary layers hosting the Tier-1 Wonarah Phosphate Deposit extend below younger sedimentary cover to the north, east and south into Inca's Frewena East Project granted tenement EL32857; Historical phosphate drillholes (not drilled by Inca) which drilled through this Cambrian sedimentary horizon are reported to have sedimentary phosphate intersections located within 70m of the surface and which include true thickness intercepts above a 10% P2O5 cut-off, with stand-out intervals including: Hole WON029 - 5m at 24.8% P2O5, Hole WNRC1567 - 15m at 23.0% P2O5, Hole WNRC1564 - 19m at 20.3% P2O5, and Hole WNRC1617 - 6m at 17.5% P2O5 and 3m at 26.5% P2O5; The laterally extensive geological nature of the Wonarah sedimentary phosphate mineralisation layer has been shown by very wide spaced historical drillholes (often >2km separation) to continue into the company's ground, forming a generally continuous flat layer at regional scale; This prompted Inca to undertake an Exploration Target study to evaluate potential areas for focusing phosphate exploration and resource definition drilling programs.