Grey Dam Nickel Sulphide Project & Barracuda PGE Ni-Cu Project

Barracuda PGE Ni-Cu Project Exploration: New energy metals CAV's proposed work program includes: • . Fly the Project area with airborne EM (used by Chalice Mining Limited (ASX: CHN) to define the Julimar PGE- Ni-Cu-Co-Au discovery) Digitally capture the Pancontinental soil geochemistry and contour the PGE, Ni, and Cu data to define metal-anomalous trends Follow-up airborne EM anomalies with ground EM, with priority given to areas with established, coincident PGE-Cu-Ni soil anomalism 118.29 deg -27.97 deg (GDA-94) Bod Amghwy Bod Amom ● Drill-test targets subject to results 118.29 deg Amonw -28.06 deg AANW AANM-ogl AAN AANw-ogz AA AAN AAN BAN AAN-mo E58/554 S08-mom No gynura Hill E AAN carnavale resources ltd 13

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