Ann: Drilling of Windsor X3 Conductor - Update, page-5

Modelling of the new DHEM survey data indicates a large, late-time bedrock conductor situated
approximately 160m below the end of WINDD012.

The target EM plate has dimensions of 600m x 225m and conductivity of 2000 Siemens. The conductor is seen in the late-time channels with decay up to 156ms.

The conductor may be at a great depth (about 500 metres).

This will take a few weeks to drill and may be very rich in nickel sulphides.

This announcement is unlikely to excite the market but the future hole WINDD013 holds a lot of promise.