Peel Mining Limited advised that it has acquired Shuttleton Station, located 70km south of Cobar NSW. The station comprises more than 12,000 acres of Western Lands Lease and importantly, contains the immediate footprint of Peel's 100%-owned Wirlong copper deposit. Under the terms of the purchase and sale agreement, Peel has paid a 10% deposit of $183,000 with the balance of $1,647,000 payable upon settlement for total consideration of $1.83 million. Settlement is subject to Minister's consent to transfer title and is anticipated for first half 2022. The acquisition of Shuttleton provides Peel with security of tenure and land access as Wirlong progresses towards development. Furthermore, Shuttleton could potentially yield environmental (biodiversity and carbon) offsets in the future and studies around this ancillary benefit will be undertaken as part of Peel's South Cobar Project development plans.