Business Summary

Korab Resources Limited is an Australia-based diversified battery and precious metals mining and exploration company. The Company owns magnesium, phosphate, and gold/silver deposits at the development-stage which are located in Australia and overseas. In addition to these deposits, the Company also owns exploration projects in the Northern Territory and Western Australia Company has discovered scandium, cobalt, copper, nickel, gold, silver, manganese, zinc, lithium, REE, palladium and platinum. The Company’s projects include Mt Elephant Project, Rum Jungle projects and Batchelor project. The Mt Elephant Project is early stage exploration project with focus on copper and gold. It is located in the Ashburton Basin south of Paraburdoo. This project consists of four granted exploration licenses and three exploration license applications. Batchelor project contains Winchester magnesite deposit, and it includes the GEOLSEC rock phosphate quarry.