MOD Resources Limited announced that the company is progressing with its growth strategy as the T3 open pit continues towards a decision to mine and the company and its advisers advance a range of funding options with interested parties following the successful completion of the T3 Copper Project Feasibility Study. The objectives of the growth strategy are to continue to build mineral resources, confirm the potential for increased production through the planned T3 process plant and demonstrate the unique copper-belt scale opportunity of MOD's Joint Venture and 100% licence holdings, through new discoveries. Planned targets include: T23 drilling will test the potential for near surface mineralization over a wide area. Success at T23 will provide further encouragement of the copper-belt scale opportunity. T3 Underground Project represents a medium-term production growth potential for T3. A4 Dome represents a significant opportunity for expanded production and mine life at T3. While the Feasibility Study has confirmed the outstanding economics of the T3 open pit, MOD is now looking to define additional high-grade resources in the surrounding T3 Expansion Project area which could leverage off the proposed T3 infrastructure and potentially result in increased production through the process plant. In addition, exploration drilling will focus on several targets in the T20 Exploration Project, including the T23 Dome and T4 West Prospect. The objective is to scope out the potential for new resources in this highly prospective area and confirm the wider potential of MOD's dominant licence holdings in the copper belt. T23 Dome Drilling Program: Commencing in May 2019, the Company plans to follow-up on very encouraging shallow disseminated copper and silver mineralization reported in the first three holes at the T23 Dome, in December 2018. The T23 Dome appears to be a part of a structural zone, interpreted to link T4, T4 West and T23 prospects extending over >15km. A preliminary interpretation of EM data along this structural zone indicates a number of potential domes and anticlinal folds occurring at a shallow depth. The sections show existing drilling intersections at T4 including 2m @ 6.1% Cu and 111g/t Ag (announced 1 April 2016), and hole MO-T23-003D which intersected significant disseminated and vein hosted copper and silver at a shallow depth (announced 10 December 2018) at the T23 Dome, 15km west of the T4 intersection. While the EM data suggests the same structures may continue between T23 Dome and T4, drilling is required to test this potential given there has been no previous drilling within this area. The first stage of nine widely spaced RC and four diamond drill holes is planned to follow-up the initial shallow intersections at T23 and test a 4km strike length of this structure. If the T23 drilling program is successful, drilling is planned to extend to the T4 West target, approximately 7km east of T23. T4 West also shows similar structural features to the T4 prospect, where MOD has previously announced significant copper intersections. T3 Underground Project (100% MOD): Following completion of the T3 resource infill drilling program expected in late May 2019, MOD expects to commence resource infill drilling of high-grade, vein-hosted mineralisation which is known to extend immediately below and down dip of the planned T3 open pit. Drilling is expected to occur in two stages, with the first stage comprising a planned 16-hole diamond drill program, designed to delineate further high-grade copper and silver mineralization within the T3 Underground Target Area. The second stage of drilling will include infill holes to assist with defining a resource, expected during the second half of 2019. The T3 Underground drilling will follow up high-grade intersections as announced 7 December 2017, including: MO-G-93D - 6.5m at 2% Cu and 49g/t Ag from 190m downhole. MO-G-93D - 2m at 2.1% Cu and 46g/t Ag from 227m downhole. MO-G-96D - 18m @ 1.9% Cu & 14g/t Ag from 120m downhole including 6.2m at 3% Cu and 24g/t Ag from 128.8m downhole. MO-G-132D - 11.5m at 1.8% Cu and 36g/t Ag from 243m downhole. MO-G-145D - 6.2m at 1.9% Cu and 40g/t Ag from 268m downhole. MO-G-162D - 1.5m at 6.3% Cu and 106g/t Ag from 155.5m downhole. The company expects this drilling may confirm the presence of continuous, potentially economically viable widths and grades of mineralization, that could provide the opportunity to contribute additional higher-grade throughput to the T3 process plant, potentially supporting increased production in the medium-term. During 2018, MOD's mining consultants undertook conceptual underground mining studies for T3 Underground and the A4 Dome projects with encouraging preliminary results. Further studies will run concurrent with drilling. A4 Dome: The A4 Dome is approximately 8km to the west of the proposed T3 open pit and process plant and as announced on 4 October 2018, represents potential to support the T3 expansion strategy. The A4 Dome drilling program commenced in mid-2018, with immediate success in MO-A4-003D, intersecting 52m @ 1.5% Cu and 14 g/t Ag from 232.2m downhole, including 15.5m @ 2.9% Cu and 42g/t Ag (announced 6 August 2018). At the end of 2018, the Company had drilled 20 holes along the large A4 Dome with 18 of the 20 completed holes intersecting good widths and grades of both vein hosted and NPF contact copper mineralization. The area targeted to date, represents only a small part of the prospective A4 Dome area. The proposed A4 Dome drilling program will be staged to follow up on three different targets. Drilling planned to commence in the second half of 2019 will include: Six shallow RC drill holes to follow-up the shallow vein-hosted mineralization intersected in hole MO-A4-019D. One deep diamond drill hole to follow up the high-grade vein hosted mineralization in hole MO-A4-003D and MO-A4-008D. All drill holes will test for the widespread NPF contact mineralization below the A4 Dome. The company expects that drilling of the A4 Dome, if successful, would allow further drilling programs designed to delineate and define a resource. Again, if successful, once delineated any A4 resource is expected to provide the opportunity to contribute additional throughput to the T3 process plant, to potentially support increased production in the medium-term.