Ann: Significant Nickel and PGEs at XC-22 Prospect, page-3

Caspin’s Chief Executive Officer, Mr Greg Miles, commented “This is a captivating result. We’ve confirmed significant nickel and copper sulphide mineralisation at shallow depths associated with the AEM anomaly that stretches over 700m. Mineralisation is open in all directions and is an exciting target. The lower PGE-rich mineralisation is probably even more enticing. This is the first time we’ve been able to demonstrate continuous PGE mineralisation from surface into the basement rocks at potentially economic levels. The geological setting is also different from what we’ve previously observed within the Central Yarabrook Hill area and is more akin to mineralised settings at Gonneville. We’ve opened up a new and exciting exploration front and taken a substantial leap forward on the pathway to discovery.”