mineral resource extended

Mt Thirsty, located 20km north-northwest of Norseman , has a current JORC Indicated
Resource of 14.8 million tonnes at 0.14% Co, 0.59% Ni and 0.99% Mn and a JORC Inferred
Resource of 14.23 million tonnes at 0.11% Co, 0.52% Ni and 0.77% Mn over an apparent strike of 1.3
kilometres and a width of around 800 metres. Tonnes of contained metal are listed in the table below:
Indicated Inferred Total
Tonnes Cobalt 20,700 15,600 36,300
Tonnes Nickel 87,300 73,800 161,100
Tonnes Manganese 146,520 109,300 255,820
Previous metallurgical test-work achieved atmospheric leach extractions of 99% cobalt, 78% nickel
and 98% manganese. The current market price for cobalt is around $A40,000 per tonne and
$A16,500 per tonne for nickel.