Important snippets from the Euroz report we should all be...

Important snippets from the Euroz report we should all be knowledgeable about.

Of greater significance is that we understand observed geological textures are demonstrative of re-mobilisation but – highlighting the presence of PGMs – support the theory that these intercepts are proximal to the magmatic intrusive source. This means they are touching the extremities of the main deposit which is located near by.

DDH10 Critically, the hole provided sufficient ‘clean’ DHEM signal to identify a 60,000S off-hole conductor; the basis for the RKDD011 location and subsequent massive sulphide intercept.

This is a important hole to get clear data on what is happening electromagnetically and isn't interfered with mineralisation in the hole

It has also seen deeper off-hole conductor yet to be tested.

Is this this magmatic intrusive zone???

The RKDD009 hole – a 200m step-out south of RKDD008 – proved an excellent ‘science’ hole in identifying minor sulphides in thick host ultramafic packages but importantly occurring near the basal contact near footwall metasedimentary rocks. A lower signature off-hole conductor remains to be tested

At spot prices, a tonne of this ore would equate to over US$500/T in situ. As a comparison, the current Nova Reserves = 1.9% Ni; 0.8% Cu; 0.07% Co or circa US$300/T of in situ value

Nearly double the value of Nova. Imagine if we have the same tonnage as they do in the yet to be tested areas.

Whilst too early to be definitive, this is encouraging for geometries to be shallow dipping;
Noting assays from the shallow disseminated zone within the RKDD007 discovery hole graded 0.41% Ni, 0.27% Cu, 0.03% Co, 23.18% MgO, any scale to this footprint will lend to economic open pit development of even the disseminated mineralised rock;Lower cost of development and into production earlier.

Whilst RKDD009 – the 200m step-out hole to the south – did not encounter economic nor massive sulphide mineralisation, the presence of sulphides is encouraging that the Mawson feature will be a large system.Further, the result at RKDD011 supports the implied ‘mineralised’ strike of 80m implied. With incremental step drilling to the north at RKDD012 location, this should build in time should the geophysical model hold

Though early, this remains very exciting and has the feel that we are only just embarking on the full discovery process.

Air-core will continue to infill the c.200x300m geochem anomaly that has given rise to the Mawson discovery and explore a large gravity feature due NNE of the Mawson location