Nepean Gold-Nickel Project

MINERALISATION POTENTIAL

Less than 2km from world-class nickel mine

TENURE AND GEOLOGICAL SETTING

  • 39km2 project area

  • Located <2km south of the historic Nepean nickel Mine that produced 32,303 tonnes of mined nickel at an average recovered grade of 2.99% nickel

  • Nepean Project underlain by geology similar to the Nepean nickel Mine

  • Prospective for both greenstone-hosted gold deposits and nickel sulphide deposits

PREVIOUS EXPLORATION

  • Sparsely explored to date due to dispersed (widely held) ownership by many parties which previously hindered significant systematic exploration and economic development
  • Limited soil sampling, RAB/Aircore and RC drilling.

NEPEAN EARLY-STAGE GEOCHEMICAL DRILLING

139-hole aircore program confirmed 200m-long Ni anomaly, up to 47m thick, remains open to the SouthEast

  • Better intercepts included:
    • NAC014: 19m at 0.29% Ni from 25m, including 15m at 0.36% Ni from 25m
    • NAC015: 33m at 0.20% Ni from 20m, including 5m at 0.33% Ni from 25m
    • NAC016: 47m at 0.17% Ni from 20m
  • 3 nickel targets identified with results up to 4,000 ppm Ni and 590 ppm Co
  • Drilling identified intercalated ultramafic/mafic rocks – potentially fertile for nickel sulphidemineralisation

1m sampling completed with assays pending

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