Accent Resources NL provided the following update on exploration activities including head assay results from the drilling at the Company's Magnetite Range Project in the Mid-West region of Western Australia. As previously announced, a total of 61 RCP drill holes for 6,732m were drilled across Julia and Robb in Third Quarter and Fourth Quarter of 2022. The drilling was designed to infill historical drilling across both deposits, with the aim of increasing confidence in the geological interpretations and to support an updated MRe.

Completion of the programme has resulted in a drill hole spacing over Julia ranging from 150m (east) by 50m (north) down to 50m (east) by 50m (north), and a drill hole spacing over Robb ranging from 200m (east) by 50m (north) down to 150m (east) by 50m (north). CSA Global are finalising cross sectional geological interpretations over Julia and Robb, integrating the 2022 drill hole data with historical data. The objective of the interpretation will be to identify and delineate via geological domaining the higher Fe grade, coarser grained magnetite domains with low deleterious elements.

Updating of historical geological interpretations over Retaliation, Bungeye and Hematite Hill are underway. No new drill hole data has been collected over these deposits; however, the update will ensure a consistent application of geological characterisation and domaining based on head assay data for the full strike length of the Magnetite Range Project, and support a global MRe update in accordance with JORC Code reporting requirements. CSA Global have commenced the global MRe update.