Gold was discovered in the Falklands in the late 1990s and early 2000s by AIM listed Falkland Gold & Minerals Limited (“FGML”) and predecessor companies

• Through an extensive regional stream sampling programme, significant free gold grains were recovered from a number of locations

• Over a 3 year period FGML undertook a systematic exploration programme involving soil geochemistry, stream geochemistry, aerial geophysical surveys, ground geophysical surveys, geological and structural mapping, and over 30,000 m of diamond core drilling

FGML identified several key areas with favourable structural, geological and alluvial gold indications

• However, prospective areas were covered by a blanket of peat up to 6m in depth

• The peat layer effectively masked most rock outcrops and hence possible signs of mineralisation

• Remote sensing technology available at that time could not provide sufficiently detailed sub-surface target generation to allow accurate drill placement

• As a result, FGML relinquished its Falklands exploration licences

Combining the extensive data set from the previous FGML campaign with modern remote sensing techniques significantly de-risks future exploration

• Warrah Resources has access to the full suite of data obtained by FGML (approx. £4 million spend)

• Modern remote sensing - specifically Deep Ground Penetrating Radar - can map the sub-surface to depths of 200m

• DGPR has a track record of mapping structures, over a number of projects, including Bendigo and Ballarat styled deposits under 20m plus cover

• Gold is the primary focus but the Falklands remains largely unexplored with potential for Lithium, Cobalt and other battery metals