Ann: MTD025 Extends Nickel Mineralisation, page-957

Could be a very deep hole

From last announcement



Drilling update hole MTD026 - currently at ~400m depth with significant examples of disseminated and remobilised nickel sulphides observed in top 250m• Shallow disseminated mineralisation similar to nearby holes MTD020 and MTD023 appears to extend mineralisation footprint across majority of Mulga Tank Complex ~3.2km• Multiple intersections of high-tenor remobilised nickel sulphide veinlets in this new area of the Complex - highlighting prospectivity of the intrusion for massive sulphide deposits• Expansion of current diamond drilling program post recent capital raise - additional 8 holes planned to begin systematically testing the Mulga Tank Complex• Further targeting work ongoing that will likely see drilling continue at least through to the end of the year




Commenting on the Mulga Tank Project, WMG Managing Director Dr Caedmon Marriott said:“After a short break over Easter the team is back out on site drilling MTD026 and we’ve already intersected the familiar zone of shallow disseminated sulphides commencing around 117m depth down hole. Similar to that seen in numerous other holes this appears to extend the mineralisation footprint across the complex from the Western Margin to MTD020 - some ~3.2km.Of further interest were multiple shallow intersections of remobilised massive sulphide blebs and veining. Generally, these have only been seen on the Western Margin but this observation reiterates the entire Complex is prospective for deposits of Type 1 Perseverance-style basal massive sulphide - multiple deposits may well be expected given the scale of this clearly well mineralised system. The top 250m on this hole appears to contain some of the richest shallow sulphide mineralisation seen so far.Following our recent capital raise the team has begun planning further holes to expand our current drilling program. With capital now available WMG is able to adopt a more systematic approach to the drilling. An additional 8 holes have been planned with half targeting extensions of the shallow disseminated mineralisation and/or undrilled areas of the Complex and half following up on areas of the basal contact looking for massive sulphide.”