Major Reserves & Resources Upgrade at Mt Windarra Highlights: • 121% increase in Probable nickel ore reserves at Mt Windarra • Reserves increased to 498,000 tonnes at 1.78% nickel for 8,850 tonnes of nickel metal • 17% increase in Mt Windarra Mineral Resources to 80,200 tonnes of nickel metal • Increased early year production leading to improved early year cashflow and capital payback • Further resource and reserve upside likely from within existing Mt Windarra orebody and from new, adjacent, drill targets • Recent drilling results (not included in above upgrade) ?? 17.53 metres at 3.52% Nickel including 5.1m at 7.1% Nickel ?? 10.5 metres @ 4.36% Nickel ?? 8.68% metres at 2.36% Nickel (all true widths)
