Golden Ridge Project (Cobalt, Nickel)

The 100% held Golden Ridge Project (Blair Dome) covers an area of 115 km² including the Blair Nickel Mine, 30 km south east of Kalgoorlie, WA, or 40 km by road north of the Kambalda nickel processing facility and is prospective for Cobalt and Nickel.

An Ultramafic Dome is proposed for the Blair Project, with over 12 km of demonstrably prospective basal ultramafic contact outside the immediate Blair Nickel Mine Deposit. Subsidiary domes are also evident, adding another 5 km of ultramafic contact. The Project includes substantial areas prospective for lateritic cobalt, plus the suspended Blair Nickel Sulphide Mine. The Blair Mine closed in 2008 during a time of depressed nickel prices, having produced 1.26mt of nickel ore at 2.62% Ni.

In 2017, the Company conducted a detailed review of the Golden Ridge drilling database specifically looking for cobalt mineralisation and six prospective areas, occurring along the southern and western flanks of the Blair Dome. During the Dec 2017 quarter the Company completed a highly successful, targeted cobalt and nickel sulphide focused drilling programmes. The results of both these programmes were reported in January 2018.

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Fairwater Project (Nickel, Gold)

The 75%-held Fairwater Nickel Project is located in interpreted Proterozoic-aged rocks 130 km south west of Independence Group N.L.’s (ASX: IGO) Nova and Bollinger nickel deposits, in the Albany-Fraser Orogen in south east Western Australia. Diamond drilling intersected highly magnesian ultramafic rocks (including peridotites with 28%-36% MgO). These are interpreted to be components of a mafic-ultramafic conduit sill-dyke (chonolith) system, which are recognised as favourable host mineral systems for nickel sulphide mineralisation. When normalised to MgO content, the Fairwater peridotites show nickel-enrichment compared to global equivalents. Specific samples also show enrichment in copper and PGEs. Using major-element rock geochemistry, drill assays have resulted in a compelling mineralisation vector that indicates increasing nickel fertility towards the centre of the sill-dyke system. The results from this program support previous aircore drilling by Pioneer, which intersected supergene nickel sulphide minerals (at hole FWAC051: 0.61% Ni at 44 to 45m).

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