nobium and rare earths drilling set to start, page-2

That report has now been superseded by the 21st March announcement.

Norwest Minerals Limited (‘’Norwest’’ or ‘’the Company’’) (ASX: NWM) announces Atlas
Geophysics has commenced a ground gravity survey across highly prospective critical mineral
target tenement E80/5031. The gravity data is essential for finalising carbonatite and IOCG
drill targeting. Last month the Company identified 31 new critical mineral targets including
IOCG, carbonatite and REE from a new geophysical study. Many of the new targets coincide
with critical mineral anomalies identified from geochemical analysis of +13,000 soil samples
collected in 2021 & 2022. Norwest will mobilise to drill test the high-priority critical mineral
targets within the E80/5031 drill ready zones once the gravity analysis and drill targeting is
complete.

Norwest’s CEO, Mr. Charles Schaus commented:
“The Company’s geophysical and geochemical studies to date confirm our West Arunta ground
package has the potential to host a major critical mineral discovery. Many of the high-priority
targets are located within tenement E80/5031 where Norwest undertook a large Heritage
Study late last year. The Atlas gravity fieldwork should be completed next week followed by
analysis to finalise drill targeting. Drilling can commence immediately thereafter. “