New Risk • May 11
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 13% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 83% per year over the past 5 years. Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Market cap is less than US$100m (AU$45.4m market cap, or US$32.8m). New Risk • Dec 25
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 27% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 70% per year over the past 5 years. Revenue is less than US$1m. Minor Risks Shareholders have been diluted in the past year (27% increase in shares outstanding). Market cap is less than US$100m (AU$110.2m market cap, or US$73.8m). Duyuru • Dec 02
PTR Minerals Ltd has filed a Follow-on Equity Offering in the amount of AUD 12 million. PTR Minerals Ltd has filed a Follow-on Equity Offering in the amount of AUD 12 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 48,000,000
Price\Range: AUD 0.25
Discount Per Security: AUD 0.015
Transaction Features: Subsequent Direct Listing Duyuru • Sep 19
Petratherm Limited, Annual General Meeting, Nov 06, 2025 Petratherm Limited, Annual General Meeting, Nov 06, 2025. Board Change • May 03
Less than half of directors are independent Following Executive Director Rob Sennitt's arrival on 01 May 2025, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Non-Executive Director Donald Stephens was the last independent director to join the board, commencing their role in 2003. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Duyuru • Mar 07
Petratherm Limited has completed a Follow-on Equity Offering in the amount of AUD 8.1 million. Petratherm Limited has completed a Follow-on Equity Offering in the amount of AUD 8.1 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 35,818,181
Price\Range: AUD 0.22
Discount Per Security: AUD 0.0132
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 1,000,000
Price\Range: AUD 0.22
Discount Per Security: AUD 0.0132
Transaction Features: Subsequent Direct Listing New Risk • Jan 16
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 35% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (52% average weekly change). Earnings have declined by 32% per year over the past 5 years. Shareholders have been substantially diluted in the past year (35% increase in shares outstanding). Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (AU$115.3m market cap, or US$71.8m). Duyuru • Oct 18
Petratherm Limited, Annual General Meeting, Nov 21, 2024 Petratherm Limited, Annual General Meeting, Nov 21, 2024. Location: hlb mann judd, level 1, 169 fullarton road, dulwich sa 5065, Australia Duyuru • Oct 17
Petratherm Limited has completed a Follow-on Equity Offering in the amount of AUD 1.300686 million. Petratherm Limited has completed a Follow-on Equity Offering in the amount of AUD 1.300686 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 37,162,450
Price\Range: AUD 0.035 New Risk • Sep 30
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (36% average weekly change). Earnings have declined by 11% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (AU$13.0m market cap, or US$9.05m). Minor Risks Latest financial reports are more than 6 months old (reported December 2023 fiscal period end). Shareholders have been diluted in the past year (18% increase in shares outstanding). New Risk • Sep 24
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 18% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (36% average weekly change). Earnings have declined by 11% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (AU$12.0m market cap, or US$8.21m). Minor Risk Shareholders have been diluted in the past year (18% increase in shares outstanding). New Risk • Mar 16
New major risk - Revenue and earnings growth Earnings have declined by 11% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$2.6m free cash flow). Share price has been highly volatile over the past 3 months (18% average weekly change). Earnings have declined by 11% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (AU$4.50m market cap, or US$2.95m). New Risk • Mar 14
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Australian stocks, typically moving 18% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$2.3m free cash flow). Share price has been highly volatile over the past 3 months (18% average weekly change). Revenue is less than US$1m. Market cap is less than US$10m (AU$4.50m market cap, or US$2.98m). New Risk • Nov 21
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 13% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$2.3m free cash flow). Revenue is less than US$1m. Market cap is less than US$10m (AU$11.2m market cap, or US$7.38m). Minor Risk Share price has been volatile over the past 3 months (13% average weekly change). New Risk • Sep 29
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -AU$2.3m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$2.3m free cash flow). Revenue is less than US$1m (AU$89k revenue, or US$58k). Market cap is less than US$10m (AU$11.5m market cap, or US$7.40m). Duyuru • Sep 26
Petratherm Limited, Annual General Meeting, Nov 14, 2023 Petratherm Limited, Annual General Meeting, Nov 14, 2023. New Risk • Jul 22
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: AU$14.6m (US$9.83m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Revenue is less than US$1m (AU$276 revenue, or US$186). Market cap is less than US$10m (AU$14.6m market cap, or US$9.83m). Duyuru • Feb 16
Petratherm Limited Reports Rare Earth Drill Results from the Meteor Prospect Petratherm Limited reported rare earth (REE) drill results from the Meteor Prospect, located in the Comet Project Area of the Northern Gawler Craton of South Australia. Drilling was undertaken in December 2022 over the central portion of the prospect and comprised infill grid drilling to 100metre spacing. 47 vertical air-core holes were drilled through the clay weathering profile with an average hole depth of 26 metres. A continuous blanket of high-grade, >1000 ppm Total Rare Earth Oxide (TREO), mineralisation starting from shallow depths (3-6 metres), and over substantial vertical thicknesses downhole (up to 38 metres) has been defined. In all, 43 drill holes from the current program at the Meteor Prospect (91% of holes drilled) returned significant mineralised REE intercepts. Mineralisation has proven to be highly continuous and several zones contain adjacent drill holes assaying >1000 ppm TREO intervals over thicknesses greater than 20 metres. Three metre composite drill samples were assayed and grades up to 2,829 ppm TREO were reported. Meteor contains good concentrations of high-value magnet rare earths (MREO) averaging 26% of TREO (Table 1), with a highest MREO composite sample returning 746 ppm. Across the prospect the average MREO drill intercept grade is 242 ppm. The drill results presented are 3 metre composite samples from the 100-metre spaced air core drilling program. West-East and North-South cross-sections over the Meteor Prospect show an upper high-grade (1,000 to 2,800 ppm TREO) zone of enrichment within the saprolite clay. This is surrounded by a broader mineralised envelope ranging between 500 to 1000 ppm TREO which often extends below the high-grade pod into the saprolite zone. Duyuru • Jan 17
Petratherm Limited Announces Board and Senior Manager Appointments Petratherm Limited announced the strengthening of the Company's technical and corporate management team with three new appointments. PTR has built an enviable project portfolio in South Australia, focused on copper-gold in the World-Class Olympic Domain and rare earths in the Northern Gawler Craton, where high-grade drill intersections have been uncovered. The appointments aim to significantly bolster PTR's technical and corporate capacity as the Company strives to become one of Australia's best and most dynamic critical mineral explorers. Joining PTRs board as a non-executive Director will be Mr. Simon Taylor, effective 17 January 2023. Mr. Taylor is a resources industry executive with over 30 years' experience in geology, finance and corporate management at CEO and Board levels. His direct operational and capital markets experience spans a wide range of commodities and jurisdictions including Australia, South and North America, Africa, Europe and China. In addition to his experience as a resource professional, he has advised companies at the corporate level on capital management, acquisitions, promotions and strategies to add shareholder value. Mr. Taylor is based in Sydney which will significantly raise PTR's profile and reach into the important eastern seaboard capital markets. Most recently, Mr. Taylor was Managing Director of Oklo Resources Limited when it was acquired by B2Gold Corp. in September 2022. Currently he is a Non-Executive Director of Chesser Resources, Stellar Resources and Black Canyon Resources. Simon is a Member of the Australian Institute of Geoscientists (MAIG) and a graduate of Sydney University. Appointment of Mr. Peter Reid as Chief Executive Officer, effective 10 January 2023. Mr. Reid has been Petratherm's Exploration Manager since August 2018 and has over 30 years' experience in mineral exploration. Mr. Reid has strong exploration and generative credentials, including being a part of the original Minotaur Resources team which discovered the world-class Prominent Hill copper-gold deposit and the later successful IPO spin offs of ASX listed, Mithril Resources Limited and Petratherm Limited. He was the founding CEO of Petratherm Limited following its initial ASX listing in 2004, as a geothermal explorer and developer. In 2011 he received the Australian Geothermal Energy Association Chairman's Award for his services to the Australian Geothermal Industry. He was Chairman of the Australian Geothermal Reporting Code from 2010-14. Duyuru • Dec 15
Petratherm Limited Announces Successfully Completion of Rare Earth Drilling Operations Petratherm Limited announced infill-grid drilling of high-grade rare earth (REE) clay hosted prospect areas and exploration drilling of new targets at the Comet Project in the Northern Gawler Craton of South Australia has been successfully completed. Petratherm staff and drill crew are now demobilising from site. The program comprised 88 drill holes, totaling 2,898 metres with an average hole depth of 33 metres. At Meteor Prospect 47 air core holes were drilled at 100 metre spacing over the central high-grade rare-earth zone as part of an assessment of rare earth grade continuity. Push tube core sampling of the mineralised clay profile has also been completed for rock density measurements and to provide samples for metallurgical test work. Drilling operations included step out drill traverses 200 metres north and south of Southern REE Zone mineralisation and testing of a further 5 green field targets identified from geophysical /geological interpretations with reconnaissance style drill traverses over target zones. Initial results of drilling are expected to be ready towards the end of January. PTR is very pleased to complete this important phase of works and now awaits results. Duyuru • Nov 25
Petratherm Limited Announces Drilling Operations Are Resuming At the Comet Rare Earth Project in the Northern Gawler Craton of South Australia Petratherm Limited announced drilling operations are resuming at the Comet Rare Earth Project in the Northern Gawler Craton of South Australia. The crew and equipment are mobilising to site with drilling likely to get underway over the weekend. An approximate 5,000 metre drill program has been designed to infill drill high-grade rare earths at Meteor Prospect, test extent of high-grade mineralisation encountered at Southern Zone and conduct exploration drilling of new rare earth targets. A summary of each phase of the drill program is presented below. Meteor Prospect - is a significant REE prospect currently extending 1,200 metres by 700 metres, with high- grade mineralisation starting from 3 to 6 metres depth and averaging 9 metres of thickness. Recent 1 metre split sampling at Meteor returned up to 4,001 ppm TREO. Drilling will comprise 100 metre spaced infill drilling over central high grade-zone as part of initial assessment of grade continuity. Core sampling will also be undertaken to assess rock density and for metallurgical recovery test work. Southern Zone - A single 300 metre drill traverse at the Southern Zone Area defined a continuous TREO zone more than 1,000 ppm. The intercepts range from 12 metres up to 27 metres and start from 9 to 15 metres depth. The mineralisation remains open both to the east and west as well as to the north and south. Step out drilling at Southern Zone will test for extensions in all directions. Meteor Basement Target - Petrological assessment of fresher basement rock chips at approximately 30 metres depth below the weathered zone clays has identified presence of rare earth bearing Apatite and Titanite minerals. A zoned dioritic intrusion has been identified at Meteor with apatite comprising approximately 2% volume of the rock, more than is usual in dioritic rocks. A north-south fence line of angled RC percussion holes to approximately 90 metres depth is planned to be drilled over the intrusive body to test for primary REE mineralisation. Other Exploration Targets - Seven other REE targets identified from geophysical /geological interpretations will be tested. They represent an initial small sub-set of prospective target areas to be drilled with ongoing exploration throughout the 2023 period. Each of the 7 targets will be tested with reconnaissance style drill traverses. PTR looks forward to the next critical phase of drill work which is envisaged to be completed just prior to the Christmas Period, with initial drill results expected by February 2023. This ASX announcement has been approved by Petratherm's Board of Directors and authorised for release by Petratherm's Chairman Derek Carter. Board Change • Nov 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 3 highly experienced directors. Independent Non-Executive Director Donald Stephens was the last director to join the board, commencing their role in 2003. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Duyuru • Nov 14
Petratherm Limited Receives Grant of EL 6855 Located in the Northern Gawler Craton of South Australia Petratherm Limited announced that it has received grant of EL 6855 located in the Northern Gawler Craton of South Australia. The tenement covers a 178 km2 area over the central portion of a regionally extensive layered intrusive sequence known as the Muckanippie Anorthosite Complex. The layered complex shows evidence of rare earth (REE) and ferro-titanium enrichment. PTR has an adjacent tenement area (EL 6815) covering an area of 80 km2 over other portions of the intrusive complex. The licences collectively termed the "Muckanippie Project" make up a new REE and titanium focus exploration region for the Company, building on encouraging REE results at PTR's Comet Project Area 40 kilometres to the northeast. Re-assaying of open file historic government and company drilling has outlined several areas with anomalous REE's in the weathered clay rich profile. In all, 44 holes were re-assayed with one composite sample of the upper saprolite clay horizon and a second composite sample taken at the base of each hole over the saprock zone (refer to Table 2 of significant intercepts). In particular, the broad spaced sampling highlights the central magnetic zone of the Muckanippie Anorthosite Complex as being highly elevated in REEs ranging between 700 to 1000 ppm Total Rare Earth Oxide (TREO), providing an immediate focus for initial ground exploration works. The Muckanippie Anorthosite Complex includes a number of mafic intrusive bodies and mafic horizons. Limited historical drilling by other explorers has shown broad intervals of highly anomalous titanium and iron, and petrological studies describe abundant apatite, a source of rock phosphate (chemical formula Ca5(PO4)3(F,Cl,OH) associated with these mafic complexes. Historic drill hole TCP01 recorded 39m @ 8.7% TiO2, 22.1% Fe from 55m inc. 10m @ 10.5% TiO2 + 22.7% Fe from 70m. Although no historical phosphate assays were undertaken, later petrological analysis of the core describes apatite concentrations averaging 7 to 10% of the total rock mass. Globally, anorthosite complexes relate to specific geological environments and are reasonably uncommon. However, they have often been found to be a major source of titanium, iron, vanadium and phosphate ores. Table 1 overleaf provides a summary of some notable deposits hosted within anorthosites from around the world. These ores are associated with the mafic portions of the intrusive complex and are generally easily defined using magnetic data as the iron mineralisation associated with the ores is mostly in the form of magnetite. These bodies have only been lightly explored for this style of mineralisation with substantial portions of the prospective magnetic intrusions remaining open for future testing. Duyuru • Oct 11
Petratherm Limited Reports Batch 3 Rare Earth Drill Results Representing the Final 97 Drill Holes from the Comet Project Located in the Northern Gawler Craton of South Australia Petratherm Limited reported Batch 3 rare earth drill results representing the final 97 drill holes from the Comet Project located in the Northern Gawler Craton of South Australia. The results have identified three new areas with high-grade rare earth drill intercepts hosted in the clay rich weathering profile. These latest results build on previous drill results that have uncovered several significant mineralised rare earth prospects over wide areas at Comet. Best drill intercepts from the latest round of drilling occur at the Southern Zone Area where a drill traverse has defined a continuous Total Rare Earth Oxide zone in excess of 1,000 ppm, containing substantial thickness of mineralisation extending over at least 300 metres in length. The thickness of intercepts range from 12 metres up to 27 metres and start from 9 to 15 metres depth. The mineralisation remains open both to the east and west as well as to the north and south. Follow-up drilling to test its extent is scheduled from late November. Southern Zone drill Intercepts: 22ACCR311 - 13m @ 1,523 ppm TREO & 26 ppm Sc2O3 from 15m inc. 3m @ 2,155 ppm TREO & 25 ppm Sc2O3 from 21m 22ACCR312 - 24m @ 1,094 ppm TREO & 25 ppm Sc2O3 from 9m inc. 6m @ 1,573 ppm TREO & 30 ppm Sc2O3 from 15m 22ACCR313 - 12 m @ 845 ppm TREO & 27 ppm Sc2O3 from 9m Inc. 3m @ 1,296 ppm TREO & 29 ppm Sc2O3 from 12m 22ACCR314 - 12m @ 701 ppm TREO & 36 ppm Sc2O3 from 15m inc. 3m @ 1,016 ppm TREO & 40 ppm Sc2O3 from 21m 22ACCR315 - 12m @ 1,037 ppm TREO & 26 ppm Sc2O3 from 12m inc. 3m @ 1,665 ppm TREO & 24 ppm Sc2O3 from 18m 22ACCR316 - 24m @ 674 ppm TREO & 27 ppm Sc2O3 from 15m inc. 3m @ 1,1943 ppm TREO & 9 ppm Sc2O3 from 30m 22ACCR317 - 27m @ 1,030 ppm TREO & 30 ppm Sc2O3 from 15m inc. 6m @ 1,533 ppm TREO & 33 ppm Sc2O3 from 30m Other notable drill intercepts were encountered at Area 1 NE Zone (Figure 1) and include: 22ACCR237 - 12m @ 872 ppm TREO & 22 ppm Sc2O3 from 15m inc. 3m @ 1,190 ppm TREO & 25 ppm Sc2O3 from 18m 22ACCR240 - 9m @ 1,427 ppm TREO & 62 ppm Sc2O3 from 6m inc. 3m @ 2,044 ppm TREO & 49 ppm Sc2O3 from 6m 22ACCR242 - 3m @ 1,156 ppm TREO & 27 ppm Sc2O3 from 30m 22ACCR271 - 9m @ 897 ppm TREO & 27 ppm Sc2O3 from 21m inc. 3m @ 1,140 ppm TREO & 31 ppm Sc2O3 from 24m 60 drill holes from the final 97 drill holes reported contained significant intervals of REE's above 500 ppm TREO (Table 1). PTR completed a 330-hole drill program in May-July 2022 period with previous batch drill results intersecting significant high-grade rare earths at REE Area 1 and most notably the Meteor Prospect (refer to PTR ASX releases 08/08/2022 & 29/08/2022). The Meteor Prospect is characterised by a high-grade blanket of mineralisation over 1,000 ppm Total Rare Earth Oxide and includes 3m composite samples up to 2,325 ppm TREO. The high-grade zone (>1,000 ppm TREO) starts at shallow depths between 3 to 9 metres over the prospect area with an average intercept thickness of 9 metres. The high-grade mineralisation extends over an approximate 1,200 metre by 700 metre area, with other satellite mineralised zones also present requiring additional drilling to define (PTR ASX release 29/08/2022). A 4,000 metre drill program is scheduled to get underway at Meteor Prospect from early November to drill out the current known extents of mineralisation on an approximate 100 metre spaced grid. The drill rig will then move across to the Southern Zone REE mineralisation reported herein to test extent of mineralisation, along with reconnaissance style drill traverses over other new targets in greenfield areas. Test work of mineralised clay samples from the Meteor Prospect is underway as part of a program of metallurgical optimisation on REE recoveries. Duyuru • Oct 05
Petratherm Limited, Annual General Meeting, Nov 25, 2022 Petratherm Limited, Annual General Meeting, Nov 25, 2022. Duyuru • Aug 29
Petratherm Limited Reports Batch 2 Rare Earth (Ree) Drill Results from Comet Project in the Northern Gawler Craton Petratherm Limited reported Batch 2 rare earth (REE) drill results from the Comet Project located in the Northern Gawler Craton of South Australia (Figure 1). Drilling has defined a major REE occurrence named here the Meteor Prospect. The Meteor Prospect is characterised by a high-grade blanket of mineralisation over 1,000 ppm Total Rare Earth Oxide (TREO) and includes 3m composite samples up to 2,325 ppm TREO. The high-grade zone (>1,000 ppm TREO) starts at shallow depths between 3 to 9 metres over the prospect area and ranges in thickness from 3 metres to 18 metres, with an average intercept thickness of 9 metres. The high-grade mineralisation extends over an approximate 1,200 metre by 700 metre area, with other satellite mineralised zones also present requiring additional drilling to characterise (Figure 1). High-value magnet rare earth (MREO) intercepts up to 546 ppm are recorded and average 25% of the total REE's. Meteor Prospect rare earth intersections include high- value Scandium Oxide (Sc2O3) credits averaging 45 ppm with a peak intersection of 111 ppm recorded, offering additional revenue potential. The drill results presented are 3 metre composite samples from a 200 metre spaced air core drilling program. West-East and North-South cross-sections over the Meteor Prospect show an upper high-grade (1,000 to 2,325 ppm TREO) zone of enrichment within the saprolite clay (Figures 2 & 3). This is surrounded by a broader mineralised envelope ranging between 500 to 1000 ppm TREO and extends below the high-grade pod into the saprock zone below. The mineralisation spatially overlies a prominent magnetic body (Figure 1) which is a possible primary source of the rare earths. Basement samples in this area have a distinctive mafic mineral chemistry and may represent some form of intrusive complex. Petrological studies are planned to better understand the basement geology and determine if these are primary source rocks for the overlying mineralisation. PTR postulate that the magnetic body may be a coeval intrusion with the Muckanippie Complex which forms a series of small to large intrusions in the region. PTR recently acquired a significant land holding over the central portion of the Muckanippie Complex through a competitive bid. Several other similar discrete magnetic anomalies remain untested on PTR's Comet tenements and will be an additional focus for future drilling exploration. It is anticipated infill and step out drilling at Meteor REE Prospect will get underway from the start of October with the aim of defining JORC resources. Test work of the REE clay samples at ANSTO is planned as part of a comprehensive program of metallurgical optimisation on REE recoveries. In addition to this work, the drill rig will undertake drilling of other REE mineralised areas previously identified and testing of new target areas. PTR's final Batch 3 results representing a further 91 drill holes from other anomalous REE areas are at ALS laboratories undergoing analysis. These results are due in the coming weeks and PTR will report on these once they arrive and have undergone compilation and interpretation by the reporting geologist. Duyuru • Aug 08
Petratherm Limited Reports Batch 1 Rare Earth (REE) Drill Results at Comet Project Petratherm Limited reported Batch 1 rare earth (REE) drill results from the Comet Project in the Northern Gawler Craton of South Australia. Drilling has defined two REE mineralised zones within the saprolite clay profile which remain open in several directions. Numerous Total Rare Earth Oxide(TREO) intervals have been intersected with a higher TREO value of 3,600 ppm recorded. REE mineralisation starts at relatively shallow depths in some areas ranging from 6 to 9 metres and importantly extends to much greater depths than previously reported. Multiple intercepts are recorded over a 6 to 15 metre interval and range up to 27 metres of vertical thickness. Drilling was conducted on a 200-metre spaced grid with some 100-metre spaced and very limited closer spaced drilling in the south-eastern portion of the REE 1 Anomaly Area. The 116 holes from Batch 1 total 3,933 metres with average hole depth of 33.9 metres. The drilling at this spacing has proved effective in locating higher-grade REE zones within the broader regionally anomalous area. The confirmation of high TREOs forming discrete mineralised zones is very promising and will be the focus for future drill targeting. It is postulated the mineralisation may be reflecting zones of primary REE enriched basement source rock below. This opens the potential for primary REE basement targets also in the fresh rock below. REE 1 Anomaly - South Zone - A northwest trending zone extends approximately 1000 metres and has anapproximate average width of 200 metres and remains open along trend. The discrete mineralised zone showssome distinctive structural form particularly in the southern half and may be reflecting a zone of primary REE enriched basement rock below. It includes numerous thick intercepts from relatively shallow depths. REE 1 Anomaly - Northeast Zone - A prominent zone with consistent higher concentrations of REEs extendingover an approximate 1.5 kilometre by 1 kilometre area. It is open in several directions with some of the better intercepts occurring along the northern edge which remains open. REE Mineralised Profile: The drilling has confirmed the mineralisation starts in the upper clay saprolite and has been found to extend down through the saprock zone and finally weathered basement rock. Vertical grade variability is evident between holes, with rare earths concentrating over a range of levels and closer spaced drilling will be required to determine mineralisation shells within the saprolite. The profiles are typical of the region and highlights the well-developed saprolite profile that has formed over the basement with mineralisation occurring throughout the clay zones. In detail, both holes include a distinctive red-brown alluvial sandy soil with calcrete and silcrete horizons. Below the cover the mineralized upper white saprolite clays start at approximately 6 metres depth and extend down to approximately 18 metres. The clay zones then transition into the saprock where remnant rock textures and minerals become increasingly evident down hole until finally fresher hard basement rock is intersected at the base of each hole. Next Steps: These results are from the first 116 drill holes of a much larger 330-hole program which was completed in late July. Results from REE 2 Anomaly are due in the next few weeks and PTR will report on these once they arrive and have undergone compilation and interpretation by the reporting geologist. Other work to be undertaken in the near term will be 1 metre split sampling of higher-grade REE zones to better characterise grade profiles and widths down-hole. Once all results from the REE drill campaign are in, PTR will undertake follow-up drilling of the best mineralised zones for the purposes of defining potentially economic concentrations of TREOs with size potential. Duyuru • Jul 22
Petratherm Limited Announces Rare Earth Drilling Operations Successfully Completed Petratherm Limited announced that initial follow up air-core drilling of rare earth mineralised areas and immediate surrounding zones at the Comet Project in the Northern Gawler Craton of South Australia has been completed. The program comprised 330 drill holes, totaling 9,893 metres with an average hole depth of 30 metres. Drill spacing has been on a 200 metre by 200 metre grid but also includes some limited closer spaced drilling over potential higher-grade zones of interest. The drill rig and crew are now demobilising from site and the last batch of drill samples are in transit to ALS laboratories for geochemical testing. Several batches of drill samples have been submitted for geochemical analysis as the drill program has unfolded over the last 8 weeks. Due to the high workload currently being experienced by the laboratory, initial batch results are taking longer to complete than first forecast and they are now expected by the end of July. PTR will report batch area results once they come in and have undergone compilation and interpretation by the reporting geologist. Initial results are expected to be ready by early August in approximately 2 to 3 weeks' time. Duyuru • Jun 23
Petratherm Limited to Report Additional Rare Earth Results from Re-Assaying of Previous RAB Drill Samples At the Comet Project in the Northern Gawler Craton of South Australia Petratherm Limited to report additional rare earth (REE) results from re-assaying of previous RAB drill samples at the Comet Project in the Northern Gawler Craton of South Australia, has confirmed the regional extent of the rare earth mineralisation. The mineralisation is hosted in saprolitic clays (deeply weathered basement rock which has been chemically decomposed to clay) and is potentially comparable to the REE Ion-adsorption Clay REE deposits of China which are a major world supplier. Of the 118 holes which have been assayed for rare earths, 105 drill holes have returned significant Total Rare Earth Oxide (TREO) above a nominal cut-off grade of 350 ppm, a value typically used in ionic clay rare earth resource estimation. The new results along with earlier results previously released and are for the most part single 3 metre composite bottom hole samples taken from re-assaying of PTR's historical regional top of clay saprolite geochemical sampling program. The mineralisation reported remains open in all directions and the thickness and grade of mineralisation is still to be determined. Ionic Clay hosted REE occurrences show vertical and horizontal grade and depth variability within a clay profile. The current round of systematic air core drilling through the complete prospective clay- saprolite zone will indicate the true grade and extent of mineralisation encountered. Drilling to date has determined the favourable saprolite clay zone starts typically from 5 to 10 metres depth and extends down to approximately 25 to 35 metres depth. The assay results have additionally highlighted scandium oxide (Sc2O3) credits with the REE's. Scandium is an exceptionally high-value metal used in new technology alloys and may offer an additional revenue potential. Scandium oxide from all significant TREO samples averages 32 ppm with a peak value of 122 ppm. These results are comparable to Ionic Rare Earths reported Makuutu Ion Adsorption rare earth clay resource which includes a Total Inferred and Indicated Scandium Oxide grade of 30 ppm. Systematic drilling of the rare earth areas has been underway since late May and drilling operations are ongoing. As of Tuesday 21st June, 253 holes for 7,387 metres had been completed. Drill spacing has been on a 200 metre by 200 metre grid but also includes some 100-metre spaced drilling around perceived high-grade zones. The drill rig has completed drilling over the central REE Area 1 and in the last few days completed a 200m spaced drill grid over the REE Area 2. Drilling will now expand the REE 1 Area drilling to the southwest and northeast and test other satellite REE anomalies. It is anticipated the first batch of drill results from the REE Area 1 will be completed by the first half of July. Duyuru • Jun 16
Petratherm Limited Receives Two South Australian Government Accelerated Discovery Initiative Grants Petratherm Limited has been the recipient of two SA Government Accelerated Discovery Initiative (ADI) grants totalling $316,500. Funding of $250,000 has been awarded to assist in the drilling of two geophysical targets for copper-gold in the world class Olympic Domain near Woomera in South Australia. A Second grant of $65,500 has been awarded to co-fund a deep Electro-magnetic (EM) geophysical survey on the Company's Mabel Creek Project which is prospective for both Iron-Oxide Copper-Gold (IOCG) and Broken Hill Type (BHT) Silver-Lead-Zinc mineralisation. The ADI program is part of the South Australian Government's Growth State Agenda and aims to accelerate mineral discovery through innovative exploration and research projects in regional and frontier terrains throughout South Australia. PTR is highly encouraged by the awarding of these grants which will go a long way to assisting the advancement of these exciting projects. Woomera Project - ADI Grant Program: The Woomera Project is located in the World-Class Olympic Iron-Oxide Copper-Gold Province and is close to BHP's Oak Dam West copper-gold discovery, OZ Minerals' newly operating Carrapateena Copper-gold mine and Coda Minerals recent Emmie Bluff Deeps IOCG discovery. Significant historical copper drill intersections at the Winjabbie IOCG Prospect along the northern edge of the tenement area (Figure2) adds to highlight the copper-gold fertility of the project. Gravity modelling work undertaken by Petratherm highlights the presence of what has been interpreted as Stratabound Replacement Style IOCG Mineralisation which produce flat lying sheet-like IOCG mineralised occurrences. The recent Emmie Bluff Deep IOCG discovery by Coda Minerals, 17 kilometres east of the project area, has reported high-grade copper and gold intercepts which to date appear to occur as stratabound bodies, and similarly the Winjabbie IOCG mineralisation also appears to be of the same general form. Importantly, high cobalt grades are also a feature of this style of IOCG mineralisation. Stratabound IOCG's offer a new style of exploration target with large tonnage and high-grade potential. The ADI grant funds will be used to assist in drill testing of two gravity targets for this style of mineralisation. In addition to this drilling PTR intends to test the Rocky Well Gravity Target which modelling indicates has potential for a conventional style IOCG breccia pipe like body (refer to PTR ASX release 04/04/22). PTR intends to test these targets during the second half of the 2022 calendar period. Duyuru • Jun 07
Petratherm Limited Provides Comet Project - Rare Earth Drilling Update Petratherm Limited announce that excellent progress was made during the first 10 days of drilling with 110 air core drill holes completed for a total of 3,748 metres (average hole depth is 34 metres). Samples have been submitted to ALS laboratories for geochemical analysis. The drilling has focused on the central REE 1 anomalous area where previous drilling encountered high rare earth results in clays. Drill spacing has been on a 200 metre by 200 metre grid but also includes some 100 metre spacing around previous high-grade zones. The drill rig will now move to REE Area 2 to complete another 200m spaced drill grid. This second area extends over an approximately 3 kilometre by 1.5-kilometre zone. The final phases of drilling will expand the REE 1 Area drilling to the southwest and northeast and test other satellite REE anomalies. Further updates will be provided as additional information comes to hand. Duyuru • May 23
Petratherm Limited Announces Comet Rare Earth Drilling Underway Petratherm Limited announced drilling operations commenced on 20th May to follow up rare earth (REE) intersections previously reported at Comet (EL 6443 & EL 6633) in the Northern Gawler Craton of South Australia. The mineralisation is hosted in saprolite zone clays (deeply weathered basement rock which has been chemically decomposed to clay) with previous drill holes returning intercepts comparable to the REE Ion-adsorption Clay REE deposits of China which are a major world supplier. The previous results from Comet include significant concentrations of high-value magnet rare earths and these mineralised zones remain open at depth and out into surrounding areas. Drilling Operations: The 10,000-metre air core drill program will test REE enriched areas with a 200 metre spaced grid and traverse style drilling and may include some 100-metre spaced infill. The focus for this initial work will be testing of the main REE areas currently identified. The prospective saprolite clay zone starts from 5 to 10 metres depth and extends to approximately 35 to 40 metres depth in most areas. It is envisaged that the drill program will take about 6 to 7 weeks to complete with drill sample batches delivered to ALS laboratories for analysis every 2 weeks. Rare Earth Ore Minerals found in underlying Basement Rock: The Company has completed an independent petrological analysis of drill chips from the Target 14 Prospect which occurs within the REE 1 Anomaly Area. At Target 14, RC drilling into the crystalline basement rock below the saprolite clay interval returned highly anomalous REE's, with drill hole T14_RC10 intercepting 4m @ 3,042 ppm TREO from 36m -40m. Ion-adsorption clay (IAC) REE, deposits formed by the deep weathering of igneous basement rocks, (i.e. REE enriched granitoids as seen at Target 14) are the world's primary source for heavy rare earth elements and are mostly sourced from SE China. The Northern Gawler Craton has undergone similar deep weathering processes and a well-developed highly leached clay saprolite profile occurs over the basement. The deep weathering and thin overlying transported cover sediment has historically been an impediment for explorers looking for gold and base metals in the region, however in the case of exploring for Ionic Style Clay REEs, it offers potentially ideal conditions for their formation. Duyuru • May 19
Petratherm Provides Update on Recent Field Activities at the Comet Project Site in the Northern Gawler Craton of South Australia Petratherm provided an update on recent field activities at the Comet Project Site in the Northern Gawler Craton of South Australia. The Company has completed a heritage survey with the Antakirinja Matu-Yankunytjatjara Aboriginal Corporation, who are the Traditional Owners and Native Title Holders of the land. the company can report that the prospective rare earth mineralised areas currently identified, and surrounding zones, have been cleared to allow more intensive drilling operations. The Company is greatly appreciative of AMYAC's strong support and looks forward to growing this partnership as the project moves forward. Field and drill crew are currently mobilising and it is expected the planned 10,000 metre drill program to follow up the rare earth drill intersections will start in the next few days. Further details will be provided once drilling operations are underway. Board Change • Apr 28
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 3 highly experienced directors. Independent Non-Executive Director Donald Stephens was the last director to join the board, commencing their role in 2003. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Duyuru • Apr 21
Petratherm Limited Announces Assay Results of Rare Earth Drill Intersections from the Comet Project Area in the Northern Gawler Craton of South Australia Petratherm Limited announced assay results of Rare Earth (REE) drill intersections from the Comet Project Area (EL 6443 & EL 6633) in the Northern Gawler Craton of South Australia. Samples from 44 shallow RAB drill holes returned significant REE mineralised clay intersections outlining several regionally significant Prospect Areas. The results presented are for the most part 3 metre composite bottom hole samples taken from the Company's ongoing regional RAB geochemical sampling program and the mineralisation encountered remains open at depth and out into surrounding areas. Full suite REE analysis of the 44 drill holes was undertaken following recognition of anomalous light REE (cerium and lanthanum) and other REE path finder elements from the Company's initial assay work. In addition to the 44 holes presented herein, a further 111 drill holes of the 993 shallow RAB holes drilled thus far contain evidence for elevated REEs. These samples are now undergoing analysis to better characterise the extent of REE mineralisation in the region. First pass drilling was completed on a 400 metre X 400 metre spaced grid and the newly defined REE Prospect areas have been shown to be regionally extensive extending several kilometres. REE 1 Anomaly - Area 1 is a broad northeast trending anomaly extending over an approximate 9 kilometre by 2-kilometre area. The 10 holes sampled to date in this area have returned a top of clay 3 metre composite Total Rare Earth Oxide (TREO) grade ranging between 703 ppm to 2,819 ppm. The area includes the Target 14 Gold Prospect where REE assaying of the crystalline basement rock below the clay interval has also returned highly anomalous REE's, with drill hole T14_RC10 intercepting 4m @ 3,042 ppm TREO from 36m - 40m. The presence of primary REE mineralisation in fresh rock below the REE clays is highly encouraging, confirming the presence of local REE source rocks. Drill Hole 703 records 3m @ 2,819 ppm from 15m to end of hole and Hole 704 which is the adjacent hole 400m to east, returned 3m @ 2,660 ppm TREO from 15m to end of hole. These holes contain exceptional high value Magnet REE grades of 743 ppm and 702 ppm respectively. Another 50 drill holes with anomalous REEs and/or REE pathfinder elements from within Area 1 are with ALS laboratories undergoing analysis. REE2 Anomaly - Area 2 REE anomaly extends over an approximate 3 kilometre by 1.5-kilometre area and broadly overlies a prominent magnetic basement rock complex. Research is underway to determine if the magnetic complex is the source of the REE mineralisation in the area. A further 37 drillholes at REE2 have returned anomalous samples which are now with ALS for analysis. Other Early Stage REE Anomalies - Several single and multi-hole regional spaced drill holes have returned highly significant REE grades including: Hole 590 - 3m @ 2,701 ppm TREO from 15m - 18m (EOH) of which 1,016 ppm are High-Value Magnet REEs and Hole 931 - 3m @ 1,705 ppm TREO from 12m - 15m (EOH). Duyuru • Apr 05
Petratherm Limited Announce Receipt of Grant of EL 6707 (Woomera Project Tenement) Petratherm Limited announced the granting of EL 6707 (Woomera Project), a 209 km2 area northeast of Woomera in South Australia. The Woomera Project is in the world-class Olympic Iron-Oxide Copper-Gold Province and is close to BHP's Oak Dam West copper-gold discovery, OZ Minerals' newly operating Carrapateena Copper-gold mine and Coda Minerals recent Emmie Bluff Deeps IOCG discovery. Significant historical copper drill intersections at the Winjabbie IOCG Prospect along the northern edge of the new tenement area additionally highlight the Woomera Projects copper-gold fertility. At Winjabbie, three historical vertical drill holes have been drilled and all intersected broad zones of significant Iron- Oxide Copper-Gold (IOCG) style alteration with intervals of copper mineralisation. A summary of significant drill results from Winjabbie Prospect. Drill hole WJD1 (WMC, 1980) - testing a magnetic anomaly returned: 62m @ 0.33% Cu from 864m. Drill hole SAE11 (MIM,1990) - evaluating a second magnetic feature returned: 94 metres @ 0.21% Cu (interval 1,005-1,099 m.), Including 7m @ 0.48% Cu from 1,006 m, Including 9m @ 0.52% Cu from 1,086 m. and, 42 metres @ 0.28% Cu (Interval 1,123 – 1,165 m.), Including 5m @ 1.1% Cu from 1,160 m. Drill hole 07WJ01 (Uranium Exploration Australia, 2008) - evaluating a residual gravity anomaly just north of the WJD1 and SAE11 returned: 42 metres @ 0.34% Cu (Interval 824 - 866 m.), Including 9m @ 0.8% Cu from 824 m. These holes are widely spaced (ranging between 1.8 to 3 km apart) indicating IOCG style mineralisation occurs over a large area. The Winjabbie gravity anomaly and location of drill holes with comparable or larger gravity anomalies yet to be drill tested on the new Woomera Project Area. The Company has completed initial processing and gridding of historical open-file gravity data. The gravity data coverage over the Woomera Project area is good, with several modern close spaced surveys (200 metre to 400 metre station spacing) completed by previous explorers. A prominent northwest trending zone of high gravity anomalism is evident and shown to extend over 10 kilometres in length across the tenement area. IOCG mineralisation, being iron rich, is associated with areas of high gravity anomalism and is one of the main direct targeting tools used by explorers. Whilst earlier exploration work by other explorers identified the prominent high gravity zone, no historical drilling has been undertaken over the tenement area. Duyuru • Feb 04
Petratherm Limited Announces Results from Regional and Infill Drilling Campaigns Completed During November and December 2021 Upgraded and Expanded Two Gold Anomalies Petratherm Limited announced results from regional and infill drilling campaigns completed during November and December 2021 has upgraded and expanded two gold anomalies. At Target 14 Prospect initial reconnaissance style drilling identified a mineralised gold envelope within weathered basement and is open in multiple directions and at depth. Follow upadditional shallow RAB sampling at Anomaly A has confirmed highly anomalous gold and is open in multiple directions. A summary of key findings is presented below. Target 14: At Target 14, 18 angled air core /RC drill holes for a total of 1,061 metres were completed in December 2021. Average hole depth was 60 metres (down hole), with holes at an 80-metre spacing. The prospect is blanketed by 10 to 20 metres of transported cover sediment, before passing into the weathered basement saprolitic profile, with fresher basement rock starting from approximately 40 metres down hole depth. A widespread anomalous gold blanket hasbeen defined across the drill area. Drill hole 21T14RC05 located on the northern edge of the grid returned the highest level of gold anomalism recording: 20 metres @ 0.13 g/t Au from 16 to 36 metres (down hole). The drill intersection forms part of a broader zoned system, which is open to the north-northeast, and at depth to the south-southwest. The diagrams show a zoned gold anomalism exists providing a vector towards better mineralisation. An outer yellow shell being between 10-15 ppb Au and the second deeper gold shell ranging from 50 to 100 ppb Au is displayed. Additional follow up holes are planned to evaluate if the gold zoneencountered marks the edge of potentially more significant mineralisation. Anomaly A: The gold in saprolite anomaly. In December shallow vertical RAB Infilldrilling was completed on a 100-metre spaced grid around the single point gold anomaly (original sample returned 3 metres @17 ppb Au from 18-21 metres) as part of a much larger regional and infill sampling program. The infill RAB sampling has both upgraded and expanded the anomaly returning sample results of: Drill Hole 737 3 metres @ 23 ppb Au, from 24 metres; Drill Hole 738 4 metres @ 23 ppb Au, from 23 metres; Drill Hole 733 8 metres @ 9.5 ppb Au, from 21 metres; Drill Hole 736 3 metres @ 9 ppb Au, from 18 metres. The multi-point anomaly is coherent, extends over 200 metres and is open along trend. Additional shallow RABsampling will now be undertaken to map the extent of this anomaly before drill testing. Significant gold occurrencesin the region such as the Challenger gold deposit (1.1 Moz @ 5.1g/t) and the recent high-grade Aurora Tank Golddiscovery, form discrete, steeply inclined gold shoots. The near surface gold dispersion haloes preserved inthe weathered basement at the top of these shoots typically have a small surrounding footprint. Theanomalies encountered at both Target 14 and Anomaly A are consistent with this style of mineralisation and furtherdrill test work is warranted.The Company will undertake infill shallow RAB drilling at both Target 14 and Prospect A as soon as rig becomesavailable, which at this stage is likely to be at the end of February. In addition to these infill works, RC Drill testing ofthe Comet Gold shoot which features historic gold intercepts of up to 6.97 g/t Au is scheduled to start from late February. The RC drilling will test shoot positions along trend and at both shallower anddeeper extensions to that currently known. Duyuru • Sep 27
Petratherm Limited Announces RAB Drilling Operations At the Comet Gold Project Are Underway Petratherm announced that RAB drilling operations at the Comet Gold Project (EL 6443, EL 6633 & ELA 2021/00090) approximately 80 kilometres southwest of Coober Pedy in South Australia are underway. The Comet Project contains prospective Archean strata of the Northern Gawler Craton which hosts numerous gold occurrences such as the Challenger Gold Deposit (1.1 Moz @ 5.1g/t) and is located 30 km east from the high-grade Aurora Tank Gold discovery. The current drilling program comprises two activities. Firstly an expansion of the regional scale shallow grid drilling program on EL 6443 and the western portion of the newly acquired EL 6633 to explore for new gold anomalous areas, and secondly drill testing of the historical Target 14 Gold Prospect. The regional shallow grid drilling is supported by S. A Government grant funding to a level of $147,500 on a 1 for 1 basis through the Accelerated Discovery Initiative. The program will comprise approximately 600 shallow RAB holes, spaced 400 metres apart in a grid array and cover an approximate area of 100 km2. This work will be undertaken in two work phases due to a temporary closure of the Woomera Prohibitive Area (WPA) from the 4th of October through to 7th November. Infill sampling from the regional DG1 saprolite gold anomalous area did not return evidence of significant gold anomalism. The Company, working with the geochemical laboratory has undertaken sample re-analysis and a detailed review of laboratory processes to account for the discrepancy of results. The findings suggest that despite flush cleaning processes occurring between jobs in the laboratory some carry over gold contamination in the sample preparation bowls occurred. The laboratory has put in place additional protocols and checks to lower the risk of this occurring in the future. Target 14 RAB Drilling: The Target 14 Prospect was discovered in 2002 by Redport Limited during a regional reconnaissance RAB drilling program targeting a shear/fault structure interpreted from the regional aeromagnetic data. The prospect area is blanketed by sandy transported cover and no gold anomalism was identified from previous calcrete soil geochemical sampling. The drilling comprised vertical holes at 100 metre spacing along two short RAB drill traverses 1,200 metres apart. On the southwestern line, the last 2 eastern holes recorded highly anomalous gold with drill hole RED 16, at the end of the drilling traverse, intersecting 9 m @ 105 ppb Au from 32 metres to the end of the hole. These drill intercepts are consistent with the magnitude of gold anomalism observed on the immediate fringe or in some weathered/leached portions of other primary gold occurrences found elsewhere in the northern Gawler Craton. The anomalous gold zone is open in all directions and initial step out drill testing will be undertaken to test the significance of this anomaly. Duyuru • Jun 16
Petratherm Limited Announces Woomera IOCG Project Acquired Close to Emmie Bluff Deeps Discovery Petratherm Limited secured a prospective ground position, close to Coda Minerals recent Emmie Bluff Deeps Prospect Iron-Oxide Copper-Gold (IOCG) discovery near Woomera in South Australia. The new Licence Application (ELA 2021/00066), Woomera Project, covers an approximate 205 km2 area. Open file historical company reporting additionally record significant historical copper drill intersections from two drill holes just north of the new tenement area. Drill hole WJD1 drilled by Western Mining, testing a magnetic anomaly in 1980, intersected interpreted IOCG related iron formation strata which returned 62m @ 0.33% Cu from 864m. In 1990, MIM, testing a second magnetic feature (drill hole SAE 11) approximately 2.8 km west-southwest of WJD1 and only 960 metres north of the new tenement application, returned further significant copper mineralisation summarised below: MIM drill hole SAE11 Significant Copper Intersections: 94m @ 0.21% Cu (interval 1005-1099m), Including 7m @ 0.48% Cu from 1006m, Including 9m @ 0.52% Cu from 1086m. Duyuru • May 28
Petratherm Limited Announces Completion of the First Stage of Its Deep Geochemical Gold Exploration Drilling Program At the Comet Project Petratherm Limited announced that the first stage of its Deep Geochemical Gold Exploration Drilling program at the Comet Project is complete. The Comet Gold Project is located approximately 80 kilometres southwest of Coober Pedy in South Australia and 30 km east from the Aurora Tank Gold deposit. The Challenger gold deposit (1.1 Moz @ 5.1g/t) and the high-grade Aurora Tank Gold discovery by Marmota Limited, demonstrate the gold fertility of the Northern Gawler Craton. Historical exploration in the region has however been severely impeded by the shallow cover which masks most of the prospective basement rock. To overcome this issue, the Company has completed regional shallow RAB drilling comprising of 468 drill holes totaling 5777 metres. The goal of the program was to drill through the shallow transported cover and directly evaluate the geochemical signature of the top of the deeply weathered basement clays (top of saprolite) for gold and other metals. Studies undertaken by Petratherm, of gold deposits on the Gawler Craton, show the top saprolite is highly anomalous in gold before passing into a deeply leached zone above a primary gold source in the bedrock below. In addition to the regional geochemical work, nine close spaced deeper orientation holes were drilled to blade refusal which occurred at approximately 40m depth at the Comet prospect. This was done to try and help identify the dip direction of historic gold mineralisation in preparation for planned deeper RC drilling at Comet later in the year. The Company will provide a summary of results once geochemical assays have been completed which are expected to be mid to late June. Duyuru • Mar 19
Petratherm Limited Announces That Shallow RAB Drilling Operations at the Companies Comet Gold Project Petratherm announced that shallow RAB drilling operations at the Companies Comet Gold Project (EL 6443) has commenced. The Comet Gold Project is located approximately 80 kilometres southwest of Coober Pedy in South Australia and 30 km from the Aurora Tank Gold deposit. The program will comprise approximately 800 shallow RAB holes with an average depth of 10 metres per drillhole and total approximately 8000 metres of drilling. The drill program is designed to drill through the cover sequence and test the top of the weathered basement (saprolite) for gold, base-metals, and other path finder elements. The Challenger Gold Mine and other gold prospects on the Gawler Craton are known to have anomalous gold zones at the top of the deeply weathered basement rock. This is located immediately below the transported cover sequence which masks the bedrock geochemical response. This anomalous gold halo is also present at Petratherm's Comet Gold Prospect which features historic gold intercepts of up to 6.97 g/t Au. The program in total will cover an approximate 120 km2 area, with drill holes spaced 400 metres apart in a grid array. The program aims to explore for new additional gold occurrences close to Comet Gold Prospect but also extend out into surrounding greenfield areas. Duyuru • Mar 04
Petratherm Limited Announces Outback Goldfields Commences Airborne Geophysical Survey over Yeungroon Project Outback Goldfields Corp. (the Company or Outback) announced the start of a large airborne geophysical survey over the prospective Yeungroon project, central Victoria, Australia. The high-resolution, 8,000 line kilometre magnetic and radiometric survey marks an important step in Outback's plans to systematically advance the Yeungroon project and refine exploration targets. The Yeungroon geophysical survey is running concurrently with Outback's previously announced 4,000 metre drill program at the Glenfine Project, 160 kilometers south of Yeungroon. Yeungroon Project: The 698 km2 Yeungroon project is transected by the north-trending, crustal-scale Avoca Fault which separates the western Stawell Zone from the Eastern Bendigo Zone. The western side of the Yeungroon project contains the historic Golden Jacket hard-rock reef mine associated with the regional-scale, northwest-trending Golden Jacket fault. Historic mining records indicate the Golden Jacket mine produced quartz-rich ore with grades of up to 250 g/t Au (VICMINE Report ID 373410), however the vertical and lateral extent of mineralization has yet to be tested by drilling. The Eastern side of the project is underlain by Ordovician rocks of the Castlemaine Group and comprises the northern extent of the Wedderburn goldfield where numerous small-scale, historic alluvial and hard-rock mines are located. Previous exploration in these areas by Petratherm Pty. identified numerous untested, north-trending arsenic-in-soil anomalies considered prospective for reef-hosted gold mineralization. The structural architecture of the deformed bedrock on both sides of the Avoca fault remains largely undefined due to widespread post-mineralization cover rocks. Data, from the property-scale, airborne geophysical survey will assist with structural interpretation of both target areas and will form the basis for follow-up ground-based geophysical and geochemical surveys. Duyuru • Mar 03
Petratherm to Announce Drilling Operations at Mabel Creek Project Petratherm announced that the drilling operations at the Company's Mabel Creek Project, 50 kilometres northeast of Coober Pedy in South Australia are scheduled to get underway next week. The drill program will test 4 gravity/magnetic targets for Iron-Oxide Copper-Gold (IOCG, or Olympic Dam Style Copper-Gold) mineralisation with provision to drill additional targets subject to early findings. The drilling operations are likely to continue through to the end of April. The Mabel Creek Ridge is prospective for IOCG and related magnetite skarn copper and high value rare earths. Petratherm has a large ground position with four tenements (EL's 6332, 6333, 6404 & 6405) totalling 2,852 km2. First pass drilling at Mabel Creek in March 2020 encountered pervasive IOCG alteration at the Company's Area 5 gravity target demonstrating the regions fertility for this style of mineralisation. Each of the Target Areas, have secondary drill targets that may be drill tested subject to early findings. The Company looks forward to the drilling operations getting underway. The exploration works mark the start of an active period for the Company, as regional gold exploration drilling at the Company's Comet Project are also scheduled to get underway in the next few weeks. Further information on the Comet Operations will be provided shortly. Duyuru • Feb 19
Petratherm Limited Provides Drilling Operations Update of Mabel Creek and Comet Projects Petratherm Limited announced that it has recently completed extensive Native Heritage surveying over both its Mabel Creek and Comet Project Areas in South Australia. The Eastern Mabel Creek Project area occurs on the Arabana People's Native Title Lands. Surveying was conducted in late January to seek a clearance to drill multiple Olympic Dam Style geophysical targets. In early February, the company completed further heritage surveying over the Western Mabel Creek Project Area and at the company's Comet and Gina Project Areas, which occur on the Antakirinja Matu-Yankunytjatjara Native Title Lands. Extensive ground exploration works can now begin, in what will be a very active period for the company on the ground, throughout the 2021 period. At Mabel Creek, the company will drill test 4 gravity/magnetic targets for Olympic Dam Style Copper-Gold mineralisation with provision to drill several additional targets subject to early findings. First pass drilling in March 2020 encountered pervasive Olympic Dam Style Copper-Gold alteration at the company's Area 5 gravity target demonstrating the regions fertility for this style of mineralisation. The company is currently finalising drilling provisions with the South Australian Department for Energy and Mining Regulator. A drilling rig has been secured with MJ Drilling and at this stage the drill rig will mobilise to site and begin operations during the first week of March. The company has undertaken further geophysical modelling work of final selected drill targets and will provide a technical update ahead of the drilling operations. The Challenger gold deposit (1.1 Moz @ 5.1g/t) and the recent high-grade Aurora Tank Gold discovery by Marmota Limited, demonstrate the gold fertility of the Northern Gawler Craton. Historical exploration in the region has however been severely impeded by the shallow cover which masks most of the prospective basement rock and to date no effective first pass exploration screening method has been devised to identify gold anomalous areas. To overcome this issue, the company's regional shallow RAB program, which is scheduled to start in Mid-March, aims to drill through the shallow transported cover and directly evaluate the geochemical signature of the top of the deeply weathered basement rock (top of saprolite) below. In most areas, the cover is less than 10 metres thick and if successful it could offer a new cost-effective first pass exploration tool for gold in the region. The first phase of shallow regional RAB drilling will evaluate an approximate 100 km2 area over the western half of the Comet Tenement Area, with holes spaced approximately 400 metres apart. Additional technical detail on the survey will be provided closer to the start of the ground operations. The ground exploration works at both Mabel Creek and Comet are likely to continue through to the end of April. Is New 90 Day High Low • Jan 04
New 90-day high: AU$0.23 The company is up 44% from its price of AU$0.16 on 06 October 2020. The Australian market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 17% over the same period. Duyuru • Dec 24
Petratherm Limited Provides Mabel Creek Project Update Petratherm Limited announced that it has completed infill gravity surveying at its Mabel Creek Project Area, northeast of Coober Pedy in South Australia. The work has allowed for detailed modelling of two high priority gravity anomalies (Areas 13 & 15) which will be drill tested for Olympic Dam Style copper gold mineralisation in early 2021. The Mabel Creek Ridge is considered prospective for Olympic Dam Style Copper-Gold mineralised systems. The Project comprises four granted tenements (EL's 6332, 6333, 6404 & 6405) totalling 2,852 km. First pass drilling in March 2020 encountered pervasive Olympic Dam Style Copper-Gold alteration at the Company's Area 5 gravity target. The Area 13 Target is a high magnitude gravity anomaly of approximately 6 milligals and is semi co-incident with a magnetic anomaly. 2D and 3D modelling suggests the dense body starts between 400 and 500 metres depth. The Area 15 Target is a discrete combined magnetic and gravity anomaly which occurs on the fringe of a broad zone which shows increased magnetic intensity that may be reflecting an area of increased hydrothermal activity. Modelling of the Area 15 body suggests it starts at between 300 and 400 metres depth. The Company is currently arranging for final heritage surveying to be performed early in the new year, with test drilling at Area 13, 15 and follow up drilling at Area 5, scheduled to occur very soon afterwards. As previously reported (PTR ASX release 25/06/20), Petratherm has secured South Australian Government (Accelerated Discovery Initiative) grant funding to a level of $182,000 to assist the drilling works. A preferred drilling contractor has been secured with drilling operations scheduled to commence, during the first quarter of 2021. Duyuru • Dec 17
Skarb Exploration Corp. (CNSX:SKRB) completed the acquisition of Victorian Gold Project from Petratherm Limited (ASX:PTR). Skarb Exploration Corp. (CNSX:SKRB) entered into a non-binding letter of intent to acquire Victorian Gold Project from Petratherm Limited (ASX:PTR) for CAD 12 million on August 23, 2020. Skarb Exploration Corp. (CNSX:SKRB) definitive asset purchase agreement to acquire Victorian Gold Project from Petratherm Limited (ASX:PTR) on October 9, 2020. In consideration for the Project, the Company will receive 100 million shares in Skarb, which in turn will be distributed in specie to the Company’s shareholders “pro rata” in accordance with their shareholdings in Petratherm. The transaction is conditional on Skarb completing a private placement for gross proceeds of not less than CAD 4 million at or prior to closing of the transaction, Satisfactory completion of due diligence by the Company and Skarb, The receipt by Skarb of all required regulatory, consents, permits, waivers, exemptions and orders, including but not limited to approval of the Canadian Securities Exchange, The Company obtaining all approvals required by it in connection with the proposed transaction under Australian and/or Canadian law including, among other things, approval to distribute the Consideration Shares in specie to its shareholders, Approval of the Proposed Transaction by the shareholders of Skarb, execution of the definitive agreement, Petratherm obtaining the consent of Cape Clear Minerals Pty Ltd and Predictive Discovery Limited to the assignment to Skarb of the Company’s rights and interests under the Mining Farm-In and Joint Venture Agreement in relation to EL 5344, EL 5434 and EL 5537 (Glenfine Gold Project), the distribution wait period imposed by the CSE or otherwise with respect to the consideration shares does not exceed the period of four months and one day and other condition precedents customary for a transaction. Petratherm and Skarb will move quickly to complete their mutual due diligence and enter a definitive agreement for this transaction. As of September 25, 2020, Earth Resources Regulation Victoria approved granting of EL 006816 centered on haunted stream gold workings, which is final condition for the transaction. As per announcement of October 12, 2020, Petratherm Limited aims to hold a shareholder meeting as soon as possible to seek necessary approvals to finalize the transaction. As per announcement of November 18, 2020, the transaction is expected to close before Christmas 2020. The transaction is anticipated to close in mid-December 2020 and exploration work to commence early in 2021.
Skarb Exploration Corp. (CNSX:SKRB) completed the acquisition of Victorian Gold Project from Petratherm Limited (ASX:PTR) on December 16, 2020. As part of acquisition Skarb Exploration issued 33.3 million shares with a holding period of fourth months a day. Duyuru • Nov 10
Petratherm Limited, Annual General Meeting, Dec 11, 2020 Petratherm Limited, Annual General Meeting, Dec 11, 2020, at 11:00 Cen. Australia Standard Time. Agenda: To consider adoption of Remuneration Report; to consider re-election of Derek Carter as Director; to consider approval for an Equal Reduction of Capital and In-Specie Distribution; to consider approval of 10% Placement Facility; and to consider amendment to Constitution. Duyuru • Sep 27
Skarb Exploration Corp. (CNSX:SKRB) entered into a non-binding letter of intent to acquire Victorian Gold Project from Petratherm Limited (ASX:PTR). Skarb Exploration Corp. (CNSX:SKRB) entered into a non-binding letter of intent to acquire Victorian Gold Project from Petratherm Limited (ASX:PTR) on August 23, 2020. In consideration for the Project, the Company will receive 100 million shares in Skarb, which in turn will be distributed in specie to the Company’s shareholders “pro rata” in accordance with their shareholdings in Petratherm. The transaction is conditional on Skarb completing a private placement for gross proceeds of not less than CAD 4 million at or prior to closing of the transaction, Satisfactory completion of due diligence by the Company and Skarb, The receipt by Skarb of all required regulatory, consents, permits, waivers, exemptions and orders, including but not limited to approval of the Canadian Securities Exchange, The Company obtaining all approvals required by it in connection with the proposed transaction under Australian and/or Canadian law including, among other things, approval to distribute the Consideration Shares in specie to its shareholders, Approval of the Proposed Transaction by the shareholders of Skarb, execution of the definitive agreement, Petratherm obtaining the consent of Cape Clear Minerals Pty Ltd and Predictive Discovery Limited to the assignment to Skarb of the Company’s rights and interests under the Mining Farm-In and Joint Venture Agreement in relation to EL 5344, EL 5434 and EL 5537 (Glenfine Gold Project), the distribution wait period imposed by the CSE or otherwise with respect to the consideration shares does not exceed the period of four months and one day and other condition precedents customary for a transaction. Petratherm and Skarb will move quickly to complete their mutual due diligence and enter a definitive agreement for this transaction. As of September 25, 2020, Earth Resources Regulation Victoria approved granting of EL 006816 centered on haunted stream gold workings, which is final condition for the transaction. 
