Ann: Golden Swan assays confirm exceptional drill intersection, page-3

GOLDEN SWAN ASSAYS CONFIRM EXCEPTIONAL DRILL
INTERSECTION AND NEW DIAMOND WEDGE EXTENDS
DISCOVERY
o 9.0m (4.5m true width) @ 10.46% Ni on basal contact
o including 4.6m (2.3m true width) @ 13.8% Ni
 PBSD030B is an upward wedge some 50m from the discovery hole
PBSD0029A which intersected 7.6m (4.3m true width) @ 8.8% Ni
 PBSD030C is an additional upward wedge from PBSD030B, and has
intersected two separate mineralised zones (assays waiting):
o 2.7m zone of stringer nickel sulphides in an interpreted upper
pinch out position, and;
o additional 0.55m semi-massive nickel sulphides on the basal
contact.
 The Golden Swan drilling program on the discovery cross section has
already confirmed mineralisation on multiple surfaces over 130m and
remains open. High priority dilling continues.
 Given the quality of results, the Company is considering several
options to both accelerate the resource definition programs at Golden
Swan and to help realise the greater exploration potential of the
Southern Terrace