Aeon Metals Limited announced further 2022 drilling results from its Walford Creek Copper-Cobalt Project (Walford Creek Project) in north-west Queensland. Twenty one (21) exploration holes have been completed for over 8,200 metres drilling, with results now reported for nine holes. A total of 19,000 metres is planned for the 2022 season.

Highlights: Assay results received from a further 4 holes of the 2022 drilling campaign at Walford Creek; Significant new results include: WFDH537 intersected: 65.0m at 1.01% CuEq in PY1 from 276.0m; WFDH541 intersected: 12m at 2.28% CuEq in PY1 from 398.0m; WFDH533 intersected: 26.0m at 0.47% CuEq in PY1 from 298.0m and 12.0m at 1.14% CuEq in PY1 from 371.0m; WFDH534 intersected: 22.0m at 0.27% CuEq in PY1 from 401.0m and 34.0m at 0.52% CuEq in PY3 from 616.0m incl. 10m at 0.99% CuEq from 640.0m; + Walford Creek drill program remains on track with 21 drillholes completed year-to-date; 17 at the Le Mans zone and 4 at the Amy zone; Of the 21 holes, 16 are believed to have intersected their targets based on assay results to date combined with visual estimates (remaining holes were terminated due to localised drilling conditions); Demonstrates robust geological model for targeting and framework for cost-effective exploration; Maiden Mineral Resource Estimate targeted for emerging Le Mans zone later this year; Confidence around the high grades at Amy West hole WFDH378 (46m at 2.93% CuEq; first reported 16 October 2018) continue to grow, with wide zones of Cu-Pb-Zn sulphides noted in adjacent hole WFDH548 (assays pending); These results reaffirm confidence in the thick intervals of high-grade mineralisation and impressive 10 km of strike extent to the Walford Creek system.