Ann: Fraser Range Nickel Targets Ready For Diamond Drilling, page-32

In the Albany Fraser range , GAL is looking for nickel in massive sulphide deposits under a sandstone cover (which is why they needed to drill below 100 mts and other geophysical techniques throw false signals at times). Sulphides usually contain pyrite ( iron sulphide FeS2) , chalcopyrite ( (copper sulphide CuFeS2) and pentlandite (iron nickel Fe,Ni S8). Usually in such deposits iron sulphide make up 60-70% and all three light up in a similar fashion when doing EM surveys. That is the reason why GAL has been doing so many EM surveys to identify such deposit as a starting point . Once honed in then it’s a matter of drilling to find the right spot where pentlandite content ( nickel ) is higher than pyrite . So it takes time and makes the process really hard/ expensive / time consuming and a reason why we don’t have many discovering besides Sirius/IGO and couple of others. Also another reason why when companies hit something in the region they get re-rated quickly eg : LEG . Matter of time with GAL. Personally the chances of success with DB program are low in the first go with only 1000 mts of DD. Let’s see- need to be patient with such explorers and take a long term view. Matter of time .