Exploration Update & Technical Appointment

The Directors of eMetals Limited (ASX:EMT)(eMetals)(Company) are pleased to provide an update on its exploration program at its Willi Creek Project (E09/2464) in the Gascoyne Region of Western Australia and the appointment of Technical Consultant Mr Simon Coxhell.

HIGHLIGHTS

• Field activities to commence at the Willi Creek project in the Gascoyne region of Western Australia prospective for REE mineralisation
• Over 20 kilometres of prospective strike identified in close spatial association to a highly radiometric granitoid coincident with an extensive N-S trending fault and prominent outcropping vein structures of iron enrichment
• The geological setting of the older Moorarie Suite metagranite gneiss is interpreted to be a similar geological setting to the Hasting Technology Metals Limited Yangibana deposits and the recent Dreadnought Resources Limited REE discoveries
• Mr Simon Coxhell, who served as a geological consultant for Hastings Technology Metals Limited between 2011-2016 and is responsible for the Simon’s Find deposit that comprises part of the Yangiobana resource, appointed as Technical Consultant to the Company to progress exploration activities

The Willi Creek project tenement covers approximately 217 square kilometres and is immediately adjacent to Dreadnought Resources (ASX:DRE) Mangaroon Rare Earth Project which has recently announced significant drill intersections of thick REE ironstones at its Yin and Sabre prospects located to the east of project area.

Commenting on the Willi Creek project and the appointment of Mr Simon Coxhell, Executive Director Mathew Walker said “We are excited to soon commence field activities at the highly prospective Willi Creek project and are delighted to have secured the technical services of Simon as Technical Consultant which we view as a strong endorsement of the project potential and prospectivity. Simon has an intimate knowledge of the region and in particular Yangibana style REE deposits having served as a geological consultant for Hastings Technology Metals Limited for 5 years and is credited with the discovery of the Simon’s Find deposit that now forms part of the Yangibana mineral resource.”

Commenting on his appointment, Simon said “EMT represents a unique opportunity to progress well planned exploration activities on its prospective portfolio of projects that could unlock significant potential. I am pleased to be able to assist in driving the exploration programs forward.”

Figure 1: Regional Location Plan: Willi Creek REE Project

WILLI CREEK PROJECT (E09/2464)

The tenement was originally pegged in 2021 based on its very close spatial association to a large granitoid that covers approximately 50 square kilometres that is strongly radiometric and one of the most radiometric granitoids in the Gascoyne Region.

REE mineralisation associated with the granitoid may include typical late-stage mineralising effects such as pegmatites, proximal alteration, or alteration of reactive mineralogies in associated rocks and contact zones.

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