Ann: Strong Metallurgical Results for Mt Alexander, page-4

Great news. Be great if we get some figures and timelines! Also be great to see Mulac back but there are so many opportunities out there right now!

POSITIVE METALLURGICAL TESTWORK RESULTS FOR MT ALEXANDER
High-grade nickel and copper concentrates produced with
strong credits for PGEs, cobalt and gold from the Stricklands Deposit
HIGHLIGHTS
Testwork confirms potential to produce two separate commercially attractive concentrates:
• Detailed metallurgical programme completed by XPS, a Glencore Company, with
internationally recognised credentials as leaders in metallurgical processing solutions
for nickel-copper sulphide mineralisation
• Nickel concentrate grading 11.5% Ni with 3.32 g/t Pd, 0.65g/t Pt and 0.61% Co
• Copper concentrate grading 27.8% Cu with 12.4 g/t Pd, 1.9 g/t Pt and 2.6 g/t Au
• No deleterious elements that could affect the saleability of the concentrates
• Additional strategies identified to optimise recoveries and concentrate grades
Commercial flowsheet designed using conventional flotation processes:
• Testwork utilised a composite of massive and disseminated ore from the Stricklands
Deposit, replicating a potential life-of-mine ore
• Ore samples confirmed as amenable to processing with conventional flotation methods
using standard re-agents
• Sequential flowsheet produced the best results using an initial copper float followed by
a nickel float
Additional areas of potential resource identified:
• Opportunity to add further shallow nickel-copper sulphide mineralisation to the
potential resource inventory with minimal cost
• Massive sulphide lens approximately 350m to the west of Stricklands is prioritised for
resource drill-out
• Massive sulphide deposit at the Cathedrals Prospect – with fresh massive nickel-copper
sulphides starting 20m below surface – was drilled out in 2021 with assays pending