Intrepid's Plan

A fence of holes drilled by Vale in 2009, indicates that alteration and mineralization intensity increases toward the northwest. A step-out drill hole program to test the northwest is warranted.

An initial exploration program consisting of mapping and sampling was completed earlier in the year and built on detailed compilation work carried out in 2022. A large dipole-dipole induced polarization (“IP”) survey is planned for early next year which will allow us to define priority drill targets from previously permitted drill pads, as well as identify new targets within the expanded land package.