Strike Resources Limited provided an update on development activities relating to its 100% owned Apurimac Iron Ore Project in Peru1. Mining of high grade surface deposits by approved local mining groups has commenced to create a direct shipping ore (DSO) lump stockpile, pending the finalisation of trucking and port arrangements. The sale of this DSO material, currently on track for Second Quarter CY2021, represents another near term cashflow opportunity for the Company in parallel to advancing the Paulsens East Iron Ore Project into production. Strike is also planning to update the Pre-Feasibility Studies previously undertaken on the Apurimac Project. The Apurimac Project comprises a JORC (2012) Indicated and Inferred Mineral Resource of 269Mt of iron ore at 57.3% Fe (142 Mt Indicated Resource at 57.84% Fe and 127 Mt Inferred Resource at 56.7% Fe) defined at the main Opaban 1 and Opaban 3 concessions 2. In order to capitalise on the current and strong demand for iron ore, Strike has been investigating ways in which mining operations from its Apurimac Project might commence, particularly of the high grade DSO material which is principally located at or near surface on the Opaban 1 and Opaban 3 deposits. Strike has experience in this type of mining activity having commenced a pilot operation in December 2013, where approximately 8,000 tonnes of ore was mined from surface outcrops on the Opaban 3 concession by local miners, transported to the west coast of Peru and sold to a local steel mill.