Ann: MULTIPLE HIGH PRIORITY DRILL TARGETS IDENTIFIED AT NEPEAN, page-2

Lets see what the market thinks of this mornings announcement - drilling starting this week.
Hopefully the geos on this forum can help us interpret the significance of the announcement.
Regional drilling results meh, but these 3 DHEM targets could surprise


"The DHEM survey successfully identified three off-hole conductors within a radius of approximately
100–150m from drill-hole NPDD008 that are potentially indicative of well-developed nickel sulphide
mineralisation (Figure 1, Table 1).
The uppermost DHEM conductor is centred at 540m down-hole, proximal to the upper ultramafic
intersected in NPDD008. This highly prospective drill target is also proximal to the historic Nepean
mine workings, and will be the first of the DHEM conductors to be drill tested with the next diamond
hole commencing this week.
The central off-hole DHEM conductor is approximately 1,025m down-hole and is located where the
original footwall contact of the Nepean mine nickel sulphide mineralisation was projected down-dip,
coincident with an area of stronger seismic reflectors, making it a very strong drill target.
The lowermost off-hole DHEM conductor is centred between 1,220–1,240m down-hole and correlates
with an ultramafic intersected between 1,210.5-1,233m. A clear DHMMR anomaly has also been
defined in this area centred at 1,245-1,255m down-hole, adding further potential to this conductor as
a drill target for nickel sulphides."