Investigator Resources Limited announced that a previously excluded area has now been granted Native Title clearance for drilling. The area is on the southern extension of Investigator's 100% owned Paris Silver Project in South Australia. The opening up of this significant area of ground, which since the discovery of Paris over 10 years ago has been protected in accordance with the wishes of GRAC, is a testament to the value
Investigator places in respecting and working with the company's stakeholders. Whilst there can be a tendency to rush in to achieve outcomes, in this instance the effort in building relationships, fostering trust and communicating in an open and transparent way with the Traditional Owners of the land on which Investigator work, has proven invaluable. The Paris Silver Project, with a JORC 2012 resource estimate of 18.8Mt @ 88g/t silver and 0.52% lead for 53.1Mozs silver and 97.6kt lead2, is a shallow high-grade silver deposit amenable to open pit mining, providing outstanding exposure to a metal with strong commodity, renewable energy and manufacturing demand. Investigator's 100% owned Paris Silver Project is located 70km north of the rural township of Kimba on South Australia's Eyre Peninsula. Access to the Paris Silver Project site is predominantly
via highways and sealed roads and is approximately 7 hours by road from Adelaide as seen in the adjacent. The Paris Silver Project is a shallow, high-grade silver deposit amenable to simple open pit mining and hosts
a Mineral Resource Estimate of 18.8Mt silver at 88g/t for 53.1Moz of silver at a 30g/t cutoff. With positive Pre-Feasibility Study outcomes as reported in November 20213, the company is undertaking work towards completion of a Definitive Feasibility Study, whilst progressing exploration across adjacent significant ground holdings within South Australia. Paris 2022 resource extension drill program: Following the formal notification from GRAC, the Traditional Owners of the land on which Paris sits, that they have agreed to remove the access restriction that will enable drilling, a Reverse Circulation (RC) drill program of approximately 4,800m in 29 holes is planned, targeting possible extensions to the existing Paris resource. The planned drilling is shown in Figure 2 below. The planned drilling is targeting extensions of known mineralisation, with the southernmost resource drilling having been completed in 2020 along Line -0.25, as shown in Figure 3 below. Previous results and geological modelling, from both Lines -0.5 and -0.25, as well as encouraging, relatively shallow, silver intersections in broad spaced early exploration holes to the east, support the expectation that drilling from within this restricted area will add to the existing Paris Mineral Resource Estimate. Detail of the resource drilling along Lines -0.5 and -0.25 is described in more detail below. Line -0.25: The significant results from drilling on Line -0.25 as part of the 2020 resource drill program included 19m @ 561g/t Silver (from 55m) in Hole PPRC654 and 35m @ 177g/t Silver (from 89m) in Hole PPRC654, as can be seen in Figure 4 below. Line -0.5: Line -0.5 is a further 25m step-out to the south of Line -0.25 mentioned above and is the closest drilled line to the prior exclusion area that is the focus of the planned program of work, it is also the most southerly line drilled and reported in the 2020 resource infill drilling campaign. Mineralisation is present in holes at both the eastern and western extremities of Line -0.5 as can be seen in Figure 5 below, and opportunity exists for future drilling to identify mineralisation beyond extent of this Line. Investigator have secured a drilling contractor for the planned work mentioned above and anticipate the commencement of drilling in November.