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                       Maiden resources at Cortadera and San Antonio were scheduled for release
                                                             by Hot Chili in late July

         year to see it through to resource estimates   2m @ 1.76%), 11m @ 1.07% (including
         at Cortadera and San Antonio.       5m @ 1.34%), 8m @ 1.05% (including 4m
                                             @ 1.27%), 11m @ 0.98% (including 4m
         Sovereign enters Phase 5            @ 1.61%), 7m @ 1.16% (including 3m @
                                             1.56%), 11m @ 0.98% (including 4m @
          Sovereign Metals Ltd has reported the   1.54%) and 7m @ 1.28% (including 3m @
         highest-grade rutile results to date from   1.37%).
         Phase 5 drilling at its Kasiya project in Ma-  “The first infill drilling results demonstrate   Ridge is north-east of Middle Island’s
         lawi.                               continuity of high-grade rutile in the central   Sandstone gold processing plant and on a
          Extensional drilling results from surface   zone and provide greater definition of min-  permitted mining lease
         along the south-west area targeted at   eralisation as the company moves toward
         Kasiya in Phase 5 included: 10m @ 1.53%   a maiden resource estimate,” the company
         rutile (including 6m @ 1.77%, including 3m   said in an ASX announcement.  The hit was in hole MSRC544, which was
         @ 2.31%), 10m @ 1.01% (including 5m @                                    followed by MSRC545; drilled 20m directly
         1.05%) and 8m @ 1.01% (including 4m @   High-grade wave                  behind and down dip, striking 9m @ 5.41 g/t
         1.5%).                                                                   gold from 22m depth.
          Infill drilling in the central zone of Kasiya   at Middle Island         The two intercepts closely followed a bo-
         also  continues  to  produce  high-grade  re-                            nanza grade result of 4m @ 99.5 g/t gold
         sults from surface and provide further defi-  Middle Island Resources Ltd announced   from 13m (including 1m @ 390 g/t [repeat
         nition on the mineralised envelope. Key infill   an intercept of 4m @ 50.5 g/t gold from 3m   assay of 502 g/t] from 14m depth) from the
         results included: 12m @ 1.26% rutile (in-  (including 1m @ 198 g/t) from an infill and   northern part of the Ridge deposit.
         cluding 8m @ 1.5%), 11m @ 1.01% (includ-  extension drilling programme at the Ridge   The Phase 2 RC programme focussed on
         ing 4m @ 1.32%), 11m @ 1.13% (including   satellite deposit at Sandstone in Western   open pit targets at Sandstone, as Middle Is-
                                             Australia’s Central Goldfields.      land works to define an indicated resource.



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