Avira Resources Limited provided an operational update on both its recent reconnaissance field trip to the Yule River Lithium project undertaken in March 2022 and its planned Paterson Range Electro-magnetic survey to be completed in July 2022. The recently completed work program was focussed on determining the prospectivity of non- magnetic signatures observed in open-source government data and outcrops identified with aerial imagery (Refer ASX release 24 March 2022). Please refer to section 1 and section 2 of the JORC table for further details.

The Yule River Project is situated approximately 120km by road south of Port Hedland, accessed by the Great Northern Hwy, approximately 5km from the Wodgina Lithium Deposit (ALB/MIN: 259.2 Mt @ 1.17% Li2O) and ~30km from the Pilgangoora Lithium Deposit (PLS: 223.2Mt @ 1.27% Li 2O) with numerous Li-Ta-Sn deposits located within a 130km radius with other major projects including the Marble Bar (Li) Deposit and the Tabba Tabba (Ta) Deposit (Refer ASX release 16 February 2022). This region is considered to be a Lithium hotspot with neighbouring significant landholders in the region including ALB (Albemarle), PLS (Pilbara Minerals Ltd), FMG (Fortescue Metals Group Ltd) & ESS (Essential Metals Ltd) (Figure1). The project area consists of 3-blocks covering an area of 9.5km2 hosting hosts the same rock types as the Wodgina Lithium Deposit and is along-strike from numerous MINEDEX Li-Ta prospects and occurrences.