Great news
UPDATED SILVER SWAN RESOURCE UNDERPINS SIGNIFICANT
INCREASE IN HIGH GRADE INDICATED RESOURCE BASE
27 April 2022
Key Points
Total Indicated and Inferred Resource at Silver Swan is now 130,000t @ 9.6% Ni for 12,400t Ni
at a 4.5% Ni COG Silver Swan
The high-grade Indicated Mineral Resources from both Golden Swan and Silver Swan now
stands at 250,000t @ 7.10% Ni for 17,665t Ni, a 75% increase of nickel metal from 2019
Indicated Resource category is at a confidence level that can be used in Reserve calculations
Black Swan Disseminated Resource update on track to be delivered later this quarter
Ann: Silver Swan Resource Update, page-3
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