Page 238 - ANC22-Presentations-Weds

Armstrong - First Cab Off the Rank With a Clear Pathway to Production

A high-grade deposit in the heart of Mt Edwards
Key Facts

• Armstrong is an key
deposit of the Widgie
Nickel portfolio being
the most advanced
providing an ideal
1 2 3 4 standalone mining
opportunity

• 2003-2008 Open pit
mining phases
completed in
transitional material
with underground
resource in fresh rock

Step 1 Step 2 Step 3 Step 4 remaining.

• Current Armstrong
Infill drilling is completed, Updated resource model Final Feasibility Study Following completion of resource of
with high-grade nickel to bolster confidence in (FFS) to follow the the FFS and permitting, 633kt@2.1% for
intercepts. Scoping Study on Armstrong deposit and Scoping Study. The Armstrong is set to reach 13,200t Ni.
the cusp of completion complete met test work/ mining and environmental production-ready status
enhancing confidence in offtake discussions. permitting process, set to with a clear pathway to
Armstrong reaching Ground conditions begin in Q4 2022, all of progress the mine
production-ready status by contemplated from the which is expected to be construction process.
the end of 2023. geotechnical assessment concluded first half 2023.
are believed to be
favourable.

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