Odin Metals Limited completed eleven (11) RC holes (GS00013-22) and one (1) re-entry of an existing hole (GS0007) for 1,812m at Grasmere on its Koonenberry Project in February 2022. Grasmere is located within a structurally controlled VMS trend that extends over >22km (Figure 9). Historic RC/DD drilling has been carried out in only a small portion (~5km) of this trend, within which the historic resource estimate4 exists in a series of individual lodes that total to ~3,3km in strike.

Mineralisation has been previously described as "a well-defined zone which ranges in thickness from 2 to 15 meters, averaging 5m in width". The existing lodes in the historic resource are for the most part simply separated by gaps of up to 270m in the existing drilling. Drilling completed to date and planned future drilling at Grasmere has and will continue to target: The potential expansion of the current mineral resource both along strike and down plunge/dip, The continuity of higher-grade zones of mineralisation to lift the underlying grade of the mineral resource, and to, Increase the confidence of the mineral resource with infill drilling.