Ann: Exploration Update, page-23

Pleased to see this assertive communication from WML; it feels like things just *may* be starting to come together for this micro-capped explorer and some traction being gained. Continued momentum bodes well for sustained upwards re-rating from here.

In my view, it would appear that Mt Cornell is the primary focus at this stage (no complaints from me) - with the 2,000m infill drilling program slated to commence this month:


Per the mark-up image below circled in yellow, the infill drilling is focused on the shallower 500m potential strike. I am particularly interested to know when WML may look to conduct the deeper “Phase 3” drilling of the magnetic ultramafic zone circled in white (as indicated in the 20 December 2021 announcement - and where there may be significant “pooled” Ni-Cu-PGE mineralization):




Note also the pending auger sample assays from the broader prospect.

Otherwise the company has a veritable smorgasbord of prospects to explore and generate interest among investors; needless to say diverting some attention to the various lithium prospects is a sensible move in the current market:



Given the company’s own commentary regarding third party offers to acquire the lithium tenements, something is obviously cooking on that front and my speculation is that, following the initial planned activities, we will see either: (a) JV announcement(s); or (b) sale; or (c) demerger and separate listing of the Liquid Lithium assets to seek to ensure any value is properly reflected and there can be tighter focus and capital allocation within the separate entities.

Anyway, 2022 looks to be an interesting year ahead for WML. The above represents my own commentary and is not to be relied on as advice in any form. Please do your own research as always.

Very best to all shareholders for the weekend.