EV Resources Limited provided an exploration update for the Khartoum Project, located in North Queensland. Sample results have been received for reconnaissance tungsten sampling during August and September in the Fingertown area and for tin exploration at Mary Ann (Boulder area) Geebung. The results highlight the potential for tungsten mineralisation associated with the Black Prince Granite and for extensions to the tin mineralisation encountered in drilling at Mary Ann (BARC0018, 0019 and 0020 - refer to ASX release dated 6 September 2022).

Tungsten Exploration: EVR previously announced that initial exploration had commenced in areas of historic tungsten mines in the Fingertown-Geebung area. Sampling at the historic Fingertown mine returned encouraging tungsten values with results from the main working averaging 0.68% W to a maximum of 2.01% W and a sample of quartz material with visible wolframite located within a trench 200m west of the cutting returning 0.68% W. Sampling was extended to the east of Fingertown within the Black Prince Granite, the unit strongly associated with tungsten mineralisation in the area. Sampling at the Gauntlet Mine (KRC000317 - 000321) area returned values including 0.14% W, 0.10% W and 2.03% W. Eight samples (KRC000322 - 000329) were collected from an area of several small unnamed pits 1.5 to 2.5km northeast from Fingertown.

Results included five values greater than 0.1% W to a maximum 0.84% W. All samples were of chalcedonic quartz, some with visible wolframite, mainly from spoil piles around workings. To determine the extent of mineralisation in the region, the Geebung and Bovis mine areas, located 1500m northwest from Fingertown, were located and sampled. The mines form a series of shallow shafts and adits targeting quartz veining in weakly greisenised granite.

Little is known about the workings; production is stated as 3T of wolframite concentrate at an unknown grade. Most samples were of mullock material, although some in situ vein samples were collected where workings were accessible. A linear trend of pits along strike and south of the outcrop tested by RC drilling (BARC0018 - 18m at 0.22% Sn, BARC0019 - 62m at 0.18% Sn, BARC0020 - 15m at 0.19% Sn, refer ASX release dated 6 September 2022) was sampled during the previous month.

Outcrop sampling was undertaken prior to drilling due to difficult access to the area. Elevated tin results from drilling are associated with an increase in quartz veining throughout the greisenised host granite. All workings sampled contained visible quartz veining, usually as stockworks and high- density veinlets.

Seven samples (KRC000330 - 000336) of mullock and vein material were collected from the historic pits. Of the three mullock samples collected one sample returned an elevated value of 0.10% Sn. Three of the four in situ vein samples returned elevated values of 0.27% Sn, 0.49% Sn and 0.28% Sn.

Elevated multielement values were to 12.3ppm Ag and 0.60% As, a similar association to the elevated values returned from RC drilling. It should be noted that of 12 samples previously collected across the outcrop tested by drilling only one sample returned an elevated tin value of 1.7%. Based on previously reported drilling intersections and results of sampling of historic mines to the south, the Mary Ann mineralised trend has potential to extend for at least 400m strike.