Golden Mile Resources Limited advised that a geochemical review of its Yarrambee Base Metals Project has been completed. The Company has also received
assay results from RC drilling at Narndee completed in October 20221. The 100% owned Yarrambee Project is located approximately 500 km north-east of Perth within the Murchison region of Western Australia. The Project is prospective for both Volcanogenic Massive Sulphide ("VMS") copper-zinc sulphide mineralisation and magmatic nickel-copper-platinum group element ("PGE") sulphide mineralisation. Historical and Company drilling to date has confirmed copper and zinc mineralisation associated with sulphide mineralisation within a volcano-sedimentary sequence which has some similarities with the Golden Grove VMS deposit located approximately 115km to the west. The Project also contains a large area of the Narndee Igneous Complex ("NIC"), a layered intrusion that historical work in the region has shown to be prospective for magmatic nickel sulphide mineralisation. The Company engaged geochemical consultant GCXplore Pty Ltd. to carry out a review of the historical soil data. The review identified 21 VMS copper-zinc, 16 Nickel ­-PGE, 5 gold and 4 Rare Earth Element ("REE") geochemical anomalies to be followed up. In addition to the base metal anomalies the review identified four REE geochemical anomalies based on Cerium ("Ce") assays. There was only a limited amount of soil samples assayed for cerium and the majority of historical soil samples were not assayed for REEs.