Ann: More Extensions of High-Grade Mineralisation, page-2

MORE THICK INTERSECTIONS SIGNIFICANTLY EXTEND HIGH-GRADE NICKEL- COPPER SULPHIDE MINERALISATION AT MT ALEXANDER

Large step-out hole at Investigators Prospect intersects thick nickel-copper sulphides 100m along strike of known mineralisation:
 18m thick ultramafic intersected at Investigators East – including 7m of nickel-copper sulphide – from 91.9m downhole in drill hole MAD166
MAD166 Style of Mineralisation Interval 91.9m to 103.5mUltramafic 103.5m to109.1m 10% sulphides comprising pentlandite (pn), chalcopyrite (cp) and pyrrhotite (po)Ultramafic with rare sulphides and blebby sulphides (ranging 2mm-4mm) (5- 109.1m to109.56m blebby sulphides (>4mm) (10% sulphides comprising pn, cp, po)Ultramafic with moderate to heavy disseminated sulphides and moderate 109.56m to110.47m sulphides comprising pn, cp, po)Massive sulphides with average XRF readings of 6.5% Ni and 2.3% Cu* (100%
* Laboratory assays are pending and are required to confirm the nickel and copper grades which have been estimated using portable XRF analysis

 The intersection in MAD166 is 100m along strike of previously known mineralisation, significantly increasing the strike of high-grade mineralisation at Investigators East
 Mineralisation remains open in the north-northwest down-dip directionLaboratory assays confirm a significant down-plunge extension of high-grade mineralisation atthe Stricklands Prospect:
 MARC128 has returned assays of:
 MARC128 is 100m down-plunge of the exceptional intersection in MAD71 (17.45m @ 3.01% Ni, 1.31% Cu, 0.13% Co and 1.68g/t total PGEs from 37.45m) and 50m down- plunge from previously known high-grade mineralisation
 MARC128 significantly increases the down-plunge strike of mineralisation at Stricklands with mineralisation open in the north-northwest down-dip direction
 Geological interpretation indicates potential for down-plunge extensions at Stricklands and Investigators to connect at depth as part of a larger intrusive mineral system 5m @ 2.97% Ni, 1.04% Cu, 1.02 g/t PGEs from 83m, including3m @ 4.34% Ni, 1.11% Cu, 1.05gpt PGEs from 84m