Significant Nickel Upgrading of Quicksilver MineralisationGolden...

Significant Nickel Upgrading of Quicksilver Mineralisation

Golden Mile Resources Limited (“Golden Mile”; “the Company”; ASX: “G88”) is pleased to announce an
update on Stage 3 Metallurgical testwork at its 100% owned Quicksilver Nickel-Cobalt deposit (“Quicksilver”),
located near Lake Grace approximately 300km south east of Perth in Western Australia.
Highlights
* Nickel upgrades of 111% to 226% achieved from low energy scrubbing and screening tests
* Assays of mica concentrate at 2 to 3% nickel demonstrate potential for further concentration
* Magnetic concentrate has been generated from all composite samples supporting the case for
pursuing a specialised iron, chromium and nickel containing product
* Elevated grades of cobalt often associated with manganese exist within the Quicksilver
mineralisation and offer potential for generation of a cobalt rich nickel concentrate

Golden Mile’s Managing Director Damon Dormer said: “These results are a huge verification of the previous
results and have demonstrated the value of obtaining the highest quality of samples for this testwork.

The scrubbing and screening results are extremely encouraging with the level of upgrading achieved and could
result in a reduction to the size and associated costs of a beneficiation circuit.

The high-grade nickel association with the mica has been a great discovery which opens up further processing
opportunities with isolating this product. We will conduct further testwork to better understand why the
nickel is associated with the mica without impacting our overall project timelines.”