Ann: MTD026 Aqua Regia Testwork Confirms Nickel Sulphide, page-2

MTD026 AQUA REGIA TESTWORK CONFIRMS NICKEL SULPHIDE

HIGHLIGHTS

• Shallow interval of mineralisation from hole MTD026 was sampled for aqua regia testwork
• Comparison of nickel assay by four acid (4A) versus aqua regia (AR) digest suggests high
percentage of nickel in sulphide form versus silicate nickel
• Intersection demonstrates better than 98% similarity in assay results:
MTD026 Four Acid 130m at 0.305% Ni, 136ppm Co, 122ppm Cu from 116m
Aqua Regia 130m at 0.300% Ni, 132ppm Co, 121ppm Cu from 116m
• Shallow intersection of mineralisation was selected from the top 250 vertical metres of the hole -
amenable to open pit mining
• Similar results previously seen in holes MTD012, MTD022 and MTD023 - showing shallow zone of
nickel sulphide mineralisation could extend ~2.3km across Mulga Tank Complex
• Potential for Mulga Tank to host very significant volumes of nickel in sulphide form

IDKA
DYOR