“Significant and Pervasive” Copper Mineralisation Discovery Confirmed by pXRF Geochemistry Survey at Fiery Creek

EMU NL (“EMU” or “the Company”) is pleased to provide an update on recent exploration work completed at the Company’s Fiery Creek Copper Prospect located within the Georgetown Project in North Queensland.

• pXRF geochemistry programme has confirmed an extensive broad copper mineralised zone
• The mineralised discovery zone, tested by pXRF over soil, termite mound and rock chip sample mediums, covers an area approximately 720m long x 480m wide
• The highest copper grade recorded was 32.5% from 27 rock chip samples
• Significant copper grades up to 2,484ppm were recorded from pXRF soil samples whilst the highest termite mound sample recorded 1,674ppm copper
• Samples from the programme have been dispatched to the laboratory for wet geochemistry testing to confirm and correlate the pXRF in field results
• Results indicate the mineralisation is significant and pervasive between outcropping high-grade copper veining and stockwork veining within the discovery zone and is interpreted to be a subset of a much broader and significant system
• Additional sampling has defined a mineralised, copper anomalous, shear zone extending at least 2.5 km to the SE
• Drone LiDAR and photogrammetry works now complete with data processing underway
• Ground pole dipole, IP resistivity and MT survey scheduled for August
• Airborne aeromagnetic survey over Yataga Igneous Complex scheduled between July and October
• Maiden drilling programme planned for October 2024 following ground geophysics assessment

Portable XRF (pXRF) geochemistry results have extended previously defined high-grade copper mineralisation and aided the interpretation of structural controls. The pXRF programme forms part of a wider suite of geochemical surveys designed to confirm and extend the known mineralisation of this significant copper porphyry discovery.

EMU Non-Executive Chairman Peter Thomas commented,

“The initial pXRF results from the field are highly encouraging with broad disseminated copper mineralisation reported from the discovery zone potentially providing EMU with an immediate drill target. Whilst geophysics planned over the next few months will tighten drilling vectors, we are optimistic the results support our interpretation that Fiery Creek could host a large bulk multi- million tonne copper – silver porphyry system.

The pXRF survey was designed to extend our previous laboratory analysed geochemistry surveys results. The advantage of pXRF is that it gives immediate feedback in field which can substantially reduce on ground cost and time. The confirmation of significant copper mineralisation in the discovery zone by pXRF is only bettered by the fact that pXRF results from termite mounds in the adjacent zones suggest an even broader envelope of copper mineralisation than first thought.”

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