Ann: More Nickel in Updated Black Swan Mineral Resource, page-2

Great announcement! More Nickel!


ASX Announcement
More Nickel in Updated Black Swan Disseminated
Mineral Resource
4 July 2022
Key Points
 Updated Black Swan Disseminated Mineral Resource Estimate reported as follows:
 28.9Mt at 0.63% nickel containing 181kt nickel at a 0.4% cut off; including
 Measured and Indicated Resources of 10.7 Mt at 0.75% nickel containing 80kt nickel
 Measured and Indicated Resources now have 35% more contained nickel compared to the 2014 Resource
 Global Resource nickel inventory has increased by ~10kt contained nickel and is at a higher average grade
 The updated Black Swan Mineral Resource has significantly improved the confidence in the nickel grade and distribution of the metallurgically important serpentinite and talc-carbonated hosted disseminated mineralisation immediately below the Black Swan open pit
 The update Resource underpins the previously outlined “Fill the Mill” Strategy