Ann: Golden Mile Presentation for Hidden Gems Webinar, page-5

Yes, I too was enthused by Damon's 'can-do' on getting Quicksilver under way:

We've repositioned the Company. We've moved into a project-development focus, which is one of the major reasons I joined the Company.

Our CEO is a fellow with plenty of specialist expertise (and extensive experience) in project development, so it's always gratifying to witness his enthusiasm.


The list of achievements and advances at Quicksilver since the beginning of the year is surprisingly long, though I guess until all the interweaving, but not quite locked threads actually come together, it's all a bit bewildering to shareholders.

The good news is we're coming to the culmination of a lot of assaying and testwork and data interrogation shortly that should provide the beginnings of real guidance.

Damon summed up the metallurgical testwork as demonstrating

- Very high-silica/low-nickel rejection (upgrades from wet scrub & screen ranging from 111% to 226%);
- We're getting a very good mica product (2.11-3.11% Ni);
- We're also developing an Fe, Cr, Ni concentrate that's very well suited to the stainless steel market; and
- We're seeing "a centre of mass around what's happened in the north of the deposit"


As to this last, Jordan then spoke to the rare, but not unknown phenomenon of high-grade nickel bearing vermiculite. Examples include the Onca and Puma nickel deposits in Brazil, which show similar minerology to Quicksilver.

I think the take-aways from Jordan were:

- The orebody potentially has structure and zoning that we can take advantage of;
- We're seeing high-grade nickel bearing vermiculite (as, for example, that spectacular 28m Intersection at 2.34% Ni);
- Vermiculite is formed through the alteration of biotite, hence biotite is a potential predictor of vermiculite in the oxide zone;
- Drilling has intersected significant biotite in multiple forms, including in the primary rock that might help identify too the geometry and orientation of high-grade vermiculite.


All in all, still pointing - indeed more emphatically so - to a Project that is massively underrated by the market.


(I was strangely buoyed that the boys didn't even feel the need to mention Yuinmery. It's an exciting campaign that any other junior would be beating the drum on. Here we clearly have our flagship.)