Ann: MTD026 Assays 840m of Nickel Sulphide Mineralisation, page-2

HIGHLIGHTS

• MTD026 assay results show cumulative disseminated nickel sulphide mineralisation of:
840m at 0.28% Ni, 140ppm Co, 103ppm Cu, 24ppb Pt+Pd with S:Ni 1.6
• Extensive magmatic nickel sulphide mineral system throughout hole - elevated Ni and S
coincident with highly anomalous Cu, PGE and observed disseminated sulphides
• Geochemical characterisation shows high MgO adcumulate dunite averaging 48.4% MgO, 0.25%
Al2O3 (volatile free) over cumulative 1,374.5m downhole - indicative of a hot dynamic system
• Multiple broad intersections of disseminated nickel sulphide mineralisation:
MTD026 130m at 0.31% Ni, 136ppm Co, 122ppm Cu, 24ppb Pt+Pd from 116m
inc. 13m at 0.35% Ni, 142ppm Co, 301ppm Cu, 65ppb Pt+Pd from 157m
and 158m at 0.27% Ni, 136ppm Co, 70ppm Cu, 19ppb Pt+Pd from 262m
and 38m at 0.28% Ni, 136ppm Co, 64ppm Cu, 16ppb Pt+Pd from 448m
and 104m at 0.24% Ni, 139ppm Co, 100ppm Cu, 22ppb Pt+Pd from 500m
inc. 16m at 0.40% Ni, 175ppm Co, 157ppm Cu, 45ppb Pt+Pd from 528m
and 32m at 0.31% Ni, 177ppm Co, 250ppm Cu, 30ppb Pt+Pd from 660m
and 258m at 0.26% Ni, 135ppm Co, 95ppm Cu, 24ppb Pt+Pd from 792m
and 32m at 0.31% Ni, 149ppm Co, 95ppm Cu, 15ppb Pt+Pd from 1,092m
and 53m at 0.34% Ni, 149ppm Co, 136ppm Cu, 40ppb Pt+Pd from 1,154m
and 35m at 0.38% Ni, 159ppm Co, 113ppm Cu, 32ppb Pt+Pd from 1,429m
• Confirmation of shallow remobilised massive nickel sulphide veinlet mineralisation:
MTD026 0.5m at 1.21% Ni, 490ppm Co, 1,455ppm Cu, 93ppb Pt+Pd from 116.5m
0.3m at 1.88% Ni, 846ppm Co, 762ppm Cu, 214ppb Pt+Pd from 224.3m
MTD026 ASSAYS - 840M OF NICKEL SULPHIDE MINERALISATION

IDKA