Exploration Licence 6852, is located in far western coastal South Australia approximately 100 km northwest of Ceduna. Exploration was initially focused in Ni-Cu-PGE magmatic style mineralisation with a later focus on clay hosted REE mineralisation. Bedrock geology consists of deformed gabbro to granites of the Kararan Orogeny and earlier transitional Kimban-Kararan events, and later formed Hiltaba Granite Suite. This is unconformably overlain by Tertiary-aged coastal sediments and paleo drainage evident, varying ~ 10 to 50 m in thickness. During the first licence year to 12th May 2023 the company completed a review of available drillholes within the SA State Core Library, identifying drill holes as a study for targeting ionic adsorption clay hosted REE mineralisation, focusing on the regolith. Drill cuttings from ~50 holes were initially tested for REE with pXRF as a first pass, followed by selected samples for XRF fusion / 4 acid digest ICP-MS at ALS laboratories for more accurate analysis. The results from this work showed numerous holes contained anomalous REE, particularly around the Inilia and Fig Tree Corner Prospect areas. Re-assay of Merrit Mining RAB hole ERB 67 identified 2 m @ 1246 ppm TREO (Total Rare Earth Oxides), 456 ppm MREO (Magnetic Rare Earth Oxides) from 22 m. However, much of the mineralisation was thin and potentially too deep to target for this style of mineralisation. Narryer initially partially surrendered a portion of EL 6852 in September 2023, but has decided to surrender the rest of the tenure, to concentrate of other more prospective tenure in the wider Ceduna Project area. There was no ground disturbance during the Narryer Metals tenure period.