Company Update Presentation November 2023
HIGHLIGHTS
VTEM – MLEM-Drilling-DHEM-FLEM
2417km (linear) VTEM survey completed January – April 2023
35 (Priority 1,2,3) VTEM anomalies detected within the data
3 VTEM anomalies were prioritized for follow up MLEM which confirmed high conductance anomalies up to 8000s, plates modelled on 3 anomalies (block 1, 2 and 3)
Block 2 RC hole (23NRRC0100) returned a 5m massive, semi-massive sulphide zone at 102m containing anomalous nickel, copper, cobalt, platinum and palladium
Block 2 diamond hole (23NRRD009) returned 54m of massive, semi massive and disseminated sulphides assays pending
Block 3 RC and diamond drilling assay results are pending
FLEM, DHEM surveys complete at both block 2 and 3 with results pending
Block 2 – Nickel and Copper Massive Sulphide Discovery
1st hole (NRRC0100) targeting MLEM plates intersected the first plate containing massive and semi massive sulphides and returned 5m @ 0.73% Ni, 0.53% Cu, 0.06% Co and 0.55 g/t 2PGE from 102m
Calculated Ni equivalent is 5m @ 1.16% Ni, with a peak value of 1m @ 1.47% Ni equivalent
Sulphide mineralisation hosted by mafic rocks – no ultramafic downhole entirely different to komatiite hosted nickel in the southern tenements
Diamond drill deployed to block 2 to directionally drill through both plates intersected a 54m massive, semi massive and disseminated sulphide zone (NRDD008)Core delivered to Intertek Perth for photography, scanning (Minalyse), cutting and assay
FLEM, DHEM surveys complete awaiting interpretation
Block 3 Results Pending
Reverse circulation drilling complete at Block 3
Diamond drill deployed to block 3 to directionally drill through both plates
Core delivered to Intertek Perth for photography, scanning (Minalyse), cutting and assay
FLEM, DHEM surveys complete awaiting interpretation
