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Comet Resources: Quarterly Activities Report — December 2020

Comet Resources Limited (Comet or the Company) (ASX:CRL), is pleased provide the Quarterly Activities Report and Appendix 5B for the quarter ending 31 December 2020 (the Quarter). Highlights: • Successful completion of a Share Purchase Plan, which raised $1 million • Santa Teresa Gold Project initial JORC compliant Inferred Mineral Resource estimate of 88.6koz at 7.47g/t gold Knowledge gained to be used to assist in planning for Comet’s upcoming drilling program • Appointment of Interminco Services as Project Manager for Santa Teresa • Initial Field Program completed at the Murchison Mine at the Barraba Copper Project Extensive surface mineralisation identified Post Quarter End • High Grade Copper and Zinc assays received from Initial Field Program at the Murchison Mine at the Barraba Copper Project

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