LOOKING GOODPage 1 of 17ASX Announcement 27 July 2022 June 2022...

LOOKING GOOD
Page 1 of 17
ASX Announcement 27 July 2022 June 2022 Quarterly Report
Highlights
• Multiple high-grade intercepts of massive and semi-massive nickel sulphides from first exploration hole at
Gillett North. Significant PGMs and by-products, assays within MERC225 include:
• 12 metres at 3.40% Ni, 0.13% Co, 0.45% Cu, 1.45 g/t 3E1
from 200 metres downhole
▪ including 5 metres at 4.84% Ni from 206 metres
• 18 metres at 4.69% Ni, 0.18% Co, 0.59% Cu, 1.35 g/t 3E from 246 metres downhole
▪ including 4 metres at 6.35% Ni from 246 metres and 5 metres at 5.99% Ni from 259 metres,
and 6 metres at 2.57 g/t 3E from 252 metres downhole and 1 metre at 2.98 g/t 3E from 263
metres downhole
• 2 metres at 1.26% Ni from 277 metres downhole
• Drilling at Gillett Resource set to lead to resource expansion:
▪ Initial assays indicate consistent and signficant nickel mineralisation across Gillett deposit
▪ Width and grade of intervals drilled outside the existing Gillett Resource indicates additional
expansion potential along strike to the north-west.
• Electromagnetic (EM) survey identified new high-quality conductors that potentially represent nickel sulphide
mineralisation at Widgie West and Widgie South.
• Positive progress on resource extension and infill drilling at Armstrong and Munda deposits, with Widgie on
track to update the Mineral Resource estimates in the current quarter.
Widgie Nickel Limited (ASX:WIN) (“Widgie” or “the Company”) is pleased to present its Quarterly Report for the period
ended 30 June 2022.
Widgie Nickel Managing Director Steve Norregaard said;
“The June Quarter was an extremely successful one for Widgie across a number of fronts at our flagship Mt Edwards
project. The very first exploration hole from Gillett North delivered an outstanding discovery of thick, high-grade
mineralisation in the heart of the critical Widgie South area, with ample room for more growth.
This followed strong initial assays at the adjacent Gillett deposit, which highlighted the significant mineralisation potential
in the area. Additionally, EM Surveys identified high-quality conductors that potentially represent further nickel sulphide
mineralisation at the Widgie West and Widgie South project areas.
We are also continuing to make good progress on our resource extension and in-fill drilling campaign at the Armstrong
and Munda deposits.
We are well positioned to progressively expand our existing nickel resource base across Mt Edwards over the coming
quarters, unlocking additional value for Widgie and enabling us to take big steps towards our target of being production
ready by the end of 2023.”

GLAH Mal