Ann: Semi-Massive, Massive Nickel Sulphide Hits at Onca Preta, page-3

8th drill arriving soon and the depth and grades are all heading in the right direction.

Step-out drill hole JAG-DD-21-1901 at the high-grade Onça Preta Deposit has intersected more than 30m of semi-massive to massive nickel sulphides over 90m down-dip from previous deepest drilling on section.  The intersection is at a similar depth below surface to drill hole JAGU-DH00014, located 50m to the east, which intersected 18.0m at 2.19% Ni from 318m and 7.9m at 2.18% Ni from 351m – demonstrating the continuity of the mineralisation along strike.  Drill-holes JAG-DD-21-200 (95m to the west of JAG-DD-21-190) and JAG-DD-21-201 (55m to the east of JAGDD-21-190) have also intersected up to 15m of stringer to semi-massive nickel sulphides in step-out drilling.  Down-Hole Electromagnetic (DHEM) surveys of these holes have identified multiple strong, late-time (Ch20+) conductor plates extending up to 200m below the deepest drilling, opening up another strong opportunity to find more high-grade nickel as step-out drilling continues.