Ann: Significant Shallow Mineralisation Intersected at Pardoo, page-2

SIGNIFICANT SHALLOW Ni-Co-Cu-Pd MINERALISATION INTERSECTED AT PARDOO, PILBARA

HIGHLIGHTS

• Exceptional assays from the first 45% of results received from Pilbara Pardoo RC Drilling Program

• Significant shallow and thick Ni-Co-Cu-Pd mineralised intercepts include:

oCPRC003:

64m @ 0.50% Ni (from 28m), including 14m @ 1.0% Ni (from 76m)
102m @ 0.04% Co (from 27m)
109m @ 0.15% Cu (from 24m)
63m @ 0.10g/t Pd (from 24m)

oCPRC010:
45m @ 0.49% Ni (from 54m)
80m @ 0.05% Co (from 53m)
97m @ 0.22% Cu (from 35m)

• The results received to date have intersected sheared, ultramafic rocks indicating a large mineralised system, open down-dip and along strike to the east and west.

• The Pardoo Highway deposit is located adjacent to the sealed Great Northern Highway and 120kms from Port Hedland in the Mt Goldsworthy Region of the Pilbara, WA.

• Ni mineralisation strike length currently at ~ 900 m

• Co mineralisation strike length currently at ~1.25 km

• Two high priority regional targets identified with PoW submitted to test higher grade Co-Pd alongside follow up resource definition drilling

• Additional assays expected over the next ~2 weeks