Ann: Gonneville Nickel-Copper-PGE Project Scoping Study, page-55

« Wide-spaced step-out drilling at the 100%-owned Gonneville Ni-Cu-PGE Project has intersected new wide high-grade Cu-PGE zones ~900m down-plunge of the current Gonneville Resource, including:« 54.2m @ 3.6g/t 3E1, 0.21% Ni, 0.39% Cu, 0.02% Co (1.7% NiEq2) from 1132.8m (JD369W33), incl:« 49m @ 3.9g/t 3E, 0.22% Ni, 0.43% Cu, 0.02% Co (1.8% NiEq) from 1135m, incl:« 9m @ 10.0g/t 3E, 0.24% Ni, 1.2% Cu, 0.02% Co (4.3% NiEq) from 1153m.« 6.4m @ 3.6g/t 3E, 0.36% Ni, 1.2% Cu, 0.02% Co (2.5% NiEq) from 1188.6m (JD369W1).« 16.3m @ 2.2g/t 3E, 0.14% Ni, 0.19% Cu, 0.01% Co (1.0% NiEq) from 1199.7m (JD369W1), incl:« 13.1m @ 2.5g/t 3E, 0.16% Ni, 0.22% Cu, 0.02% Co (1.2% NiEq) from 1201.9m – the deepest mineralisation intersected at Gonneville to date.« 132.8m @ 0.77g/t 3E, 0.15% Ni, 0.07% Cu, 0.01% Co (0.5% NiEq) from 1051.2m (JD369W2), incl:« 8m @ 1.5g/t 3E, 0.19% Ni, 0.14% Cu, 0.02% Co (0.8% NiEq) from 1062m.« These zones are wide open and appear to be associated with a **bro unit that is not present in drilling up-dip, opening up a highly prospective new horizon for exploration. « Step-out drilling shows the Gonneville Intrusion remains ~500m thick as it dips to the west-northwest – significant potential to further increase the mineralised footprint of the Deposit.« Together with other similar recent step-out results such as 34m @ 7.0g/t 3E, 0.16% Ni, 0.63% Cu, 0.02% Co (2.9% NiEq) from 432m (JD377), the new results highlight the significant high-grade underground potential well beyond the ~600m deep Resource pit shell.« Early underground mining options targeting high-grade zones from a depth of ~400m to 1,100m+, in parallel with open-pit mining, will now be investigated to determine high-level economics and the optimal drill-out strategy.« Four diamond drill rigs are continuing wide-spaced step-out and resource definition drilling at Gonneville.« Exploration drilling at the Hooley Prospect (~5km north of Gonneville) has delivered further promising results, with regional exploration drilling scheduled to re-commence in Q3 subj