Dragon Energy Limited has received significant assay results from 100% owned E69/2377-I, which forms part of the Lee Steere Project in the Eastern Nabberu Basin, Western Australia. Selective and representative rock chip sampling returned grades of up to 65.6% Fe and 33.6% Mn.

This initial exploration results have demonstrated very good manganese and iron exploration potential in this region and the company is planning to advance the project as a priority.

Korab Resources Limited has discovered rare earth oxide mineralization at its wholly owned Geolsec project located at Rum Jungle in the Northern Territory. The rare earths mineralization has been encountered within the Geolsec formation and within surrounding rocks of Coomalie Dolostone and Whites Formation. Korab will shortly undertake additional work program to assess further the potential of this exciting discovery.