Pinnacle Minerals (ASX:PIM) announced financial results for the quarter ended 30 September 2022.

41-hole Auger drilling program assay results pending ? Maiden JORC Mineral Resource Estimate at Bill?s Middle due Q4 2022.

High quality kaolin from Bobalong successfully qualified for major kaolin processors.

Maurice (Nic) Matich appointed as Chief Executive Officer of the company on 19 September 2022.

Loyalty Options Issue to Eligible Shareholders of one (1) Loyalty Option for every two (2) Shares finalised on 21st July 2022.

Pinnacle maintains a very sound financial position with a cash balance of $3.645m at 30 September 2022.

Following the announcement the company?s share price rose 3.571%