AEON METALS : 24-MONTH LOAN MATURITY EXTENSION

Aeon Metals Limited is an Australia-based company, which is engaged in the exploration and evaluation of mineral permits in Australia. The Company holds a 100% ownership interest in the Walford Creek Copper-Cobalt Project (Walford Creek Project), which is located in north-west Queensland, approximately 340 kilometers (km) to the north north-west of Mt Isa. It also has interests in various exploration permits in Northwest Queensland. This tenement package covers approximately 1,441 square kilometers (km2) and located in the Mount Isa minerals province in northwest Queensland. The Southeast Queensland tenement package lies approximately 30 km west of the town of Monto, Queensland. These permits extend approximately 500 km from north to south and are subdivided into four main project areas, Constance Range, Isa North, Isa West, and Isa South. It includes contiguous land holding, approximately 170 km, along the Mt Isa Fault, bordering north and south of Glencore Xstrata’s Mount Isa Mines.