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Morck Well

The Morck Well Project is located approximately 100 kilometres north of Meekatharra and 20 kilometres to the southwest of the DeGrussa Copper/Gold mine. Significant and aggressive copper/gold exploration, including Air Core, RC and diamond drilling, MLEM and DHEM geophysical surveys, was completed by Sandfire Resources from February 2018 to January 2024 within the project area, under the terms of a farm-in agreement. Sandfire’s exploration efforts highlighted several areas of copper, gold, base metal and manganese anomalism.

Auris manages all exploration within the Morck Well Project since Sandfire’s withdrawal from the farm-in agreement.

Significant results returned from drilling within the project include:

Morck Well Copper Project

11m @ 3.5% Cu from 73m (MWAC0109)

6m @ 1.3% Cu from 112m (MWAC0111)

9m @ 2.3% Cu from 146m (MWAC0112)

McLean Well Base Metal/Manganese Prospect

16m @ 0.61% Zn and 0.11% Pb from 132m (MWRC0060)

15m @ 0.46% Cu from 55m incl 5m @ 0.89% Cu from 65m (MWAC3356)

50m @ 0.32% Pb from 55m (MWAC3355)

12m @ 10.0% Mn from 35m (MWRC0052)

22m @ 9.4% Mn from 126m (MWRC0060)

74m @ 12.9% Mn from 49m including 6m @ 24.4% Mn from 66m (MCAC0004)

35m @ 1.05% Zn from 64m including 5m at 1.79g/t Zn from 76m (MCAC0004)

5m @ 1.46% Pb from 58m (MCAC0004)

Jacques East Gold Prospect

7m @ 6.09g/t Au from 48m including 3m @ 10.6g/t Au from 49m (MWAC2225)

1m @ 8.47g/t Au from 76m (MWAC2226)

15m @ 4.11g/t Au from 35m including 4m @ 12.8g/t Au from 38m (JEAC0001)

10m @ 1.49g/t Au from 45m (JEAC0002)

Frenchy’s South Gold Prospect

18m @ 1.09g/t Au from 35m (MWAC1703)2

5m @ 1.14g/t Au from 70m (MWAC1629)2

3m @ 1.22g/t Au from 70m to EOH (MWAC1715)

Durack East Gold Prospect

5m @ 4.76gt/t Au from 70m (MWAC2682)

10m @ 2.05g/t Au from 65m (MWAC3574)6

15m @ 1.03g/t Au from 100m (MWAC3749)7

CuFe Ltd have a 20% interest within all tenements comprising the project area, (E51/1033, E52/1613 and E52/1672) and are free carried until a decision to mine