Drilling Commences
ABN: 32 072 871 133
Central Iron Ore Limited
Suite 1, Level 2, 49-51 York Street, Sydney NSW Australia 2000
Tel. +61 2 9397 7521
NEWS RELEASE Symbol: CIO-TSXV
May 01, 2025 For Immediate Dissemination
Drilling Commences
VANCOUVER, BRITISH COLUMBIA – (Marketwire – May 01 , 2025), Central Iron Ore
Limited (CIO – TSX.V) (“CIO” or “the Company”) is pleased to announce this Drilling Update.
Central Iron Ore Limited is pleased to announce that the next phase of resource expansion
drilling at the British King Project in Western Australia has commenced (Figure 1). 78 Reverse
Circulation ('RC') drillholes are scheduled to be completed over a 9-week campaign.
Figure 1. The sun sets after another successful day's drilling of the 2025 Phase 1 RC
campaign at the British King Project
Highlights:
• Phase 1 Resource expansion drilling has commenced at British King.
• 78 RC (Reverse Circulation) drill holes for 10,601m has been planned to further extend
in all directions the recently updated British King resource along the entire extent of
the deposit (Figure 2).
• Phase 1 is designed to expand the footprint of the existing British King geological
model, whilst drilling at a tight enough collar spacing to allow for an inferred resource
to be modelled of the resultant extended British King lode.
Planned drilling for 2025 has been structured in two phases (Figure 3):
• Phase 2 will focus on targeted infill drilling to upgrade the Phase 1 inferred resource to
indicated status.
Figure 2. Phase 1 Collars for 2025 Resource Expansion
Figure 3. Phase 1 and Phase 2 Collars for the 2025 drilling
British King Project (Western Australia)
The Company’s British King Project is located across the British King Mine situated on the
M37/30 Mining Tenement, approximately 320km northwest of Kalgoorlie and 60km east of
Leinster in Western Australia (Figure 4).
Figure 4. British King Project Location
QUALIFIED PERSON
Mr Andrew Bewsher who is a Member of the Australian Institute of Geoscientists and has
compiled the information within this report relating to the RC drilling programme. Mr Bewsher
has sufficient experience relevant to the style of mineralisation and type of deposit under
consideration and to the activity currently being undertaken to qualify as a Competent Person
as defined in NI 43-101.
On behalf of the Board of Directors
CENTRAL IRON ORE LIMITED
“David Deitz”
____________________________
David Deitz, Director/CEO
For further information, please contact:
www.centralironorelimited.com
Investor and Media Inquiries:
Direct: +61 2 9397 7521
Email: [email protected]
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO UNITED STATES SERVICES OR FOR
DISSEMINATION IN THE UNITED STATES.
Cautionary Note Regarding Forward-Looking Statements
This news release contains forward-looking information within the meaning of Canadian securities laws. Although
the Company believes that such information is reasonable, it can give no assurance that such expectations will
prove to be correct. Forward-looking information is typically identified by words such as: believe, expect, anticipate,
intend, estimate, postulate and similar expressions, or are those, which, by their nature, refer to future events. The
Company cautions investors that any forward-looking information provided by the Company is not a guarantee of
future results or performance, and that actual results may differ materially from those in forward looking information
as a result of various factors, including, but not limited to, the state of t he financial markets for the Company’s
equity securities, the state of the market for iron ore or other minerals that may be produced generally, recent
market volatility; variations in the nature, quality and quantity of any mineral deposits that may be lo cated, the
Company's ability to obtain any necessary permits, consents or authorizations required for its activities, to raise the
necessary capital or to be fully able to implement its business strategies and other risks associated with the
exploration and development of mineral properties. The reader is referred to the Company's disclosure documents
for a more complete discussion of such risk factors and their potential effects, copies of which may be accessed
through the Company’s page on SEDAR at www.sedar.com.