June 2023 Quarterly Activity Report


  • The focus of the quarter’s activities
    • Completion Phase 1 – 2023 R/C campaign. 16,843 metres drilled across nine targets – commenced in February 2023
    • Interpretation of drilling results, lithology and geochemistry
  • Processing of Heli-EM VTEM surveys and follow-up ground-based Moving Loop electromagnetic MLEM surveys on the high-priority nickel sulphide targets
  • Successful EIS application at Mons Carbonatite Prospect – 1,000m diamond hole planned
  • R/C drilling intersects pegmatite below lithium soil anomalies, assays identify LCT geochemistry
  • Hyperspectral surveys indicate numerous prospective LCT corridors and high-priority targets
  • Surface geochemical sampling continued using Labwest UltrafineTM technology identifying strong anomalies, including nickel, lithium and rare earth targets
  • Planning and approvals for Phase 2 of the 2023 exploration campaign, submission of POWS and heritage have commenced
  • Phase 2 expected to commence by end of current quarter
  • Cash at bank of $0.621M as of 30 June 2023

Summary – Phase 1 – 2023 R/C Drill Campaign targets

  • Carbonatite prospect (REE and Li) – 1,712m
  • East Prospect (Ni in soil anomaly) – 2,148m
  • King Hill Prospect & 140 Line – (Ni,Cu anomaly) – 2,332m
  • Indian Sandrunner (Ni Sulphide via EM plate) – 3,605m
  • Dease Prospect (Ni Sulphide via 3 X EM plates) – 1,740m
  • North Lake Prospect (Ni Sulphide via EM plate) – 7,20m
  • Royale Prospect (Li & Ni Sulphide – 1,920m
  • South Lake Prospect – (Li Anomaly) – 2,676m


Figure 1 – Location map of soil sampling lines over colour aerial magnetic image



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