Group 6 Metals Limited (ASX: G6M, “Group 6 Metals” or the “Company”) is pleased to provide an update on its regional exploration activities at the Company’s wholly owned Dolphin Tungsten Mine (“DTM”), located on King Island, Tasmania. Exploration drilling has been completed with the assistance of a Tasmanian Government Exploration Drilling Grant Initiative (EDGI).

Key Highlights

• Investigator 24 and Investigator 22 first pass exploration drilling program completed
• Mine sequence including skarn hosted scheelite mineralisation identified in all three holes
• KI 111 1.2m @ 2.8% WO3 from 2.8m in oxidised zone
• KI 113 1.0m @ 0.6% WO3 from 141.5m in garnet skarn
• Further exploration drilling planned for calendar Q2 2024

KI 113 was drilled 200m north of the Investigator 21 site intersecting B and C lens and calc-silicate skarn mineralisation before intersecting the granite.

Scheelite mineralisation associated with garnet-pyroxene skarn was observed under UV light in all three drill holes with sporadic medium to low grade mineralisation confirmed by Laboratory analysis.

The Company aims to test the full potential of the area (63Km2) under exploration lease and to extend the project life beyond the current 14 years through near mine and exploration drilling projects¹. G6M’s plan is to resume exploration after ramp up and steady state production is achieved at the Dolphin Mine.

Group 6 Metals Managing Director & Chief Executive Officer, Keith McKnight, said:

“While work is continuing on the ramp up of tungsten production at the Dolphin Tungsten Mine, the Company is keen to continue developing regional exploration opportunities surrounding the mine, building on the high-grade mineralisation intersects encountered from previous exploration drilling carried out at Investigator 21 in 2018 (KIS:ASX 17 May 2018).”

“All three exploration holes have successfully intersected skarn mineralisation in the mine series validating the exploration potential of the Grassy region. The presence of scheelite mineralisation associated with the skarn indicates the right geological processes for significant mineralisation in the district. The Company is excited by the results from step out exploration in this region and systematic drilling is planned to allow more targeted exploration on structural targets.”

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