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Nepean Nickel Project

POTENTIAL FOR NEW DISCOVERIES
10km UNDEREXPLORED STRIKE

A further 36 RC drillholes (5,862m) and 2 diamond drillholes

(651m) completed testing targets along the ~10km of
prospective strike north and south of Nepean mine:

• Confirmed fertile komatiites largely coincident with
magnetic anomalies – thick ultramafics with disseminated
NiS intersected in multiple holes along strike. Anomalous

geochemistry: Ni:Cr>1, elevated Ni:MgO and PGEs,
Kambalda ratio

Never been previously explored with modern techniques – high-
powered ground MLEM and DHEM surveys completed with new
drill targets generated

Ground IP planned over northern tenements in area highlighted

prospective by recent geochemistry review

Awaiting assay results (for 17 holes); assess results to further

define targets for next phase of regional drilling

Au and Li potential in addition to the Ni-Cu-PGE prospectivity

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