• IOCG alteration in Boomara area drill core (KDD13, 375.6m).
• Boomara - Location of prior drilling on magnetic image.
• Boomara - Interpreted basement geology.

Boomara Project

Exploration within the Boomara Project is targeting IOCG deposits along a 100km strike length of Proterozoic Mount Isa Inlier basement rocks. Granted tenements and tenement applications within the project area are held 100% by MET.

Key exploration features of the project include a complex magnetic basement, interpreted multiple fault systems and evidence of IOCG-style alteration in historical third party drilling which included halo grade copper and gold intersections. Mesozoic cover depths typically range from 150m to 300m.

Historical exploration within the Boomara area has primarily focused on the southern end of the current MET project area and has been dominated by magnetic and gravity geophysical surveys and geophysical modelling with limited drill testing of the Proterozoic basement.

IOCG-style mineralisation recorded from limited drilling within the project area includes, in drill hole BMD030:

• 52m @ 0.26% Cu and 0.12g/t Au
• 60m @ 0.21%

At the Jimmy's Creek Prospect, which sits to the south of the Company's tenements, previous explorers have also intersected strong albite-haematite-magnetite alteration and multi stage breccias including 211m @ 0.33% Cu and 0.16g/t Au (BMD021) and 124m @ 0.27% Cu and 0.06g/t Au (BMD017).

MET's ongoing exploration program at Boomara will focus on the use of geophysical techniques and exploration drilling to delineate higher grade copper-gold zones within the identified alteration systems.