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Fraser Range Metals Group Ltd.

Summary

Project:	Fraser Range
Deposit:	Fraser Range
Location:	Australia
Commodities:	Copper

Date:	3/10/2020
Report Code:	JORC
Report Type:	Exploration/Drilling Update
Project Stage:	Pursuing Resources Definition

Report details:	10-3-2020: Fraser Range Metals Group Ltd. announces an Exploration/Drilling Update report for its Fraser Range deposit at the Fraser Range project. Drilling results incl. 24m @ 830ppm Cu, 36ppm Co, 26ppm Ni from 144m. Fraser Range Metals Group Limited (AS

Resources:	x

CP/QP:	[Overall Report]: Aidan Platel (Internal)

ABSTRACT:	Fraser Range Metals Group Limited (ASX:FRN) (“FRN” or the “Company”) is pleased to announce that it has received assay results for its maiden drill program at its 100%-owned Fraser Range Project in Western Australia. Anomalous copper was intersected in two of the four completed reverse circulation (RC) drill-holes. FRMRC002 intersected 24m @ 0.08% Cu from 144m, including 12m @ 0.09% Cu from 152m, whilst FRMRC003 intersected 3m @ 0.13% Cu from 172m. Both intervals also had elevated gold values (see Table 2 for full table of results). The drilling program targeted electromagnetic (EM) conductors identified by a surface moving loop EM survey over the nickel-copper target area of tenement E28/2385. The nickel-copper target area lies along the principal trend of known nickelcopper mineralisation in the Fraser Range Belt, which extends northeast from the Nova (ASX:IGO) and Silver Knight (Creasy Group) Ni-Cu deposits, and lies immediately north of Galileo Mining’s (ASX:GAL) Nightmarch Ni-Cu prospect and 50km south of Legend Mining’s (ASX:LEG) new Ni-Cu discovery at Mawson.

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