Frontier Resources Ltd. announced the data processing and review of a significant airborne magnetic-radiometric survey over two granted exploration licences in the Gascoyne Region of Western Australia that are considered to be prospective for REE's (Gascoyne Project) is expected to be completed by end of January. The detailed survey was flown with 50m line spacing at a low altitude with sensor height of 30m, a significant improvement on the existing public data flown at 500m line spacing in the 1990's. The survey data is expected to highlight additional REE anomalies and to allow for mapping under shallow cover to trace any ironstones that may be present. This survey data will assist in designing drill programs to commence in the March 2022 quarter.

The Gascoyne REE Project adjoins the world-class Yangibana Deposit in the Gascoyne Region of Western Australia, set to be the next REE producer outside of China by 2023. The project area is also proximal to recent discoveries made by Dreadnought Resources at their Mangaroon Project located ~15kms southwest of the Yangibana REE Resource. by prospectors in 1972 as base metal bearing gossans however, the REE potential of the ironstones wasn't assessed until 1985 and remained underexplored until Hastings Technology Metals acquired the project in 2011.

Hastings has since delineated a world-class JORC 2012 Mineral Resource of 27.42Mt @ 0.97% TREO with 0.33% Nd2O3+Pr6O11 and a ratio of 52% Nd Pr:TREO making it one of the highest value REE projects for ore value per kg (HAS Resource estimate comprises 4.9Mt @1.01% TREO in the Measured category, 16.24Mt @0.95% TREO Indicated and 6.27Mt @0.99% TREO Inferred). Despite the region's prospectivity for REE's, very limited exploration has been undertaken at the Gascoyne Project, in part due to shallow alluvial cover which has led to the area being overlooked. The southeastern Lyons tenement E09/2515 does have some areas of outcrop at the historic Tabletop Well copper prospect and where the recent ironstone outcrop was discovered.

With the use of modern exploration techniques and a renewed focus on REE's there is an exciting opportunity for the discovery of economic REE mineralisation. A detailed airborne magnetic-radiometric survey consisting of 5,189 line kilometres over the entire tenement area is now completed. The data gathered from this survey will assist with target definition within the prospective Durlacher Supersuite across the entire project area.

Access into the project area is good with a combination of well-maintained gazetted and station roads located on Edmund, Gifford Creek and Wanna Pastoral Leases which will greatly assist exploration work programs.