SAMPLING HIGHLIGHTS PROSPECTIVE Ni-Cu TARGET AREAS AT DONNELLY RIVER

BLACKEARTH
  • Geochemistry has identified a number of strong trends across the southern half of the
    Donnelly River Ni-Cu-PGM Project near Bridgetown, WA.
  • The assay results confirm the presence of a strong mafic-ultramafic signature across at least
    three prominent magnetic trends.
  • A further number of similar magnetic trends across the property have now been identified
    and will be followed up.
  • The anomalous geochemical and magnetic trends are defined by: A large “Ovoid” feature located central to the project. The geochemistry at this
    location is nickel dominant (peak value 811ppm Ni). Two east west trending linear trends of coincident Ni-Cu anomalism, both over a
    strike-length of 5-6km.
  • A consultant land access specialist has been retained by the Company to liaise with local
    stakeholders prior to commencing the planned airborne electromagnetic survey (AEM
    survey).
KEY TECHNICAL POINTS
Historical exploration across the BlackEarth tenements has identified the presence of metagabbroic and metperidotites interpreted to potentially be part of mafic-ultramafic intrusive complexes.
Based on completed exploration activities:
  • Reconnaissance geochemical sampling has successfully defined at least three prominent trends that are
    coincident with well-defined magnetic trends.
  • The geochemical results, along with mapped ultramafic lithologies, confirm the presence of a strong maficultramafic signature across the southern half of the Donnelly River Ni-Cu-PGM Project.
  • It should also be noted that similar magnetic trends across the property have yet to be tested in any form
    and present additional opportunities to develop priority targets with further work.
  • The anomalous geochemical and magnetic trends are defined by:
  • A large “Ovoid” feature located central to the project (Figure 1). Ultramafic lithologies have
    previously been identified in this location. The geochemistry at this location is nickel dominant (peak
    value 811ppm Ni) with subdued copper (peak value 50ppm Cu), however only part of the magnetic
    feature has been covered by geochemical sampling.
  • Two east west trending linear trends of coincident Ni-Cu anomalism, both over a strike-length of 5-
    6km.
  • Prior to the commencement of the planned airborne electromagnetic survey, a notification process with all
    potentially affected parties will be undertaken. To expedite this process the Company has engaged a
    consultant land access specialist.
/Public Release.