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REGIONAL EXPLORATION – LAKE EATON

• Neometals have conducted drill programs at Lake Eaton and Lake Eaton South NW of Mincor’s Cassini
• We continue to find “sniffs” of nickel sulphide but we continue to pursue the next “discovery hole”
• Drill Results include:

• 0.98 metres at 1.3% Ni within 5 metres at 0.66% Ni intercept from 139 metres in diamond hole MEDD003*
• 1 metre at 1.19% Ni within 3 metres at 0.69% Ni from 100 metres downhole in RC hole MERC100*

• 1 metre at 1.22% Nickel at 55 metres downhole in RC hole MERC073 (not on section)

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*Please refer to ASX announcement 5 August 2019 titled “Mt Edwards Nickel – Drill Results”, 31 January 2020 titled “–MT EDWARDS NICKEL DRILL RESULTS FROM
ARMSTRONG AND E15/1553” and 5 October 2020 titled “132N NICKEL MINERAL RESOURCE AND EXPLORATION UPDATE AT MT EDWARDS”