Iris Metals Limited

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Kookynie • The Kookynie Project area is located approximately 60 km southeast of Leonora and approximately 180 km north of Kalgoorlie. • IRIS Metals controls 20 prospecting licences, 2 exploration licences and 1 mining licence, with a total area of 35.50 km². • All tenements adjoin or are in extremely close proximity to publicly listed explorers in the region - Genesis Minerals Limited (GMD:ASX), Metalicity Limited (MCT:ASX)/NEX Metals Exploration Limited (NME:ASX) JV, Carnavale Resources Limited (CAV:ASX) and GTi Resources Limited (GTR:ASX). • Recorded historic production in the Kookynie goldfield is over 600,000 ounces Au. • Many of IRIS Metals’ tenements sit adjacent to or in very close proximity to historical or more recent producers, in addition to new discoveries. • IRIS has identified advanced drill targets at its more advanced prospects, including Rise & Shine, Lily, Treasure-Whale, O’Shea, Thowell Well & Gladstone Extension prospects, which either remain untested along strike or at depth. Utilising modern techniques, there is also the potential for IRIS to unearth new high-grade gold discoveries. Leonora • The Leonora Project area is located approximately 60 km northeast of the Leonora townsite and approximately 240 km north of Kalgoorlie. • IRIS Metals controls two groups of tenements, Chain Bore to the north and Little Dipper to the south situated in Benalla. In total IRIS controls 41 prospecting licences in Leonora, over a total area of 71 km². • The Leonora district has significant gold endowment with historical production of some 13.5 million ounces from the five largest mines. • IRIS Chain Bore tenure is surrounded on the eastern and western borders by the dominant regional player, Kin Mining NL (KIN:ASX), in which St Barbara (SBM.ASX) have recently taken a 19.78% stake. • IRIS Little Dipper Project sits to the Eastern border of Golden Mile Resources (G88:ASX) Benalla Wanghi Project and has the potential to host along-strike continuations of G88’s Benalla project, with the structure further continuing into KIN Mining's operations. • Both the Chain Bore and Little Dipper projects, historically contain a combination of either thick or high-grade gold mineralisation. • The IRIS Metals Leonora Project is relatively underexplored yet in highly prospective terrain that exhibits a favourable structural environment for mineralisation.