Nanutarra Nickel Project

The project (E08/2942), which is located approximately 30Km west of the Nanutarra Roadhouse in the Western Gascoyne region of Western Australia (Figure 1) is subject to an exclusive 12 month option period which upon exercise allows the Company to earn up to 80% by expending A$2 million over a 3 year period at which point a joint venture will be formed (See ASX announcement lodged 4 October 2019). Geologically the Project covers a significant mafic-ultramafic complex that covers approximately 9Km² (Figure 2) and is partly exposed through sands and younger cover rocks.  The high MgO rocks subcrop as silica-cap rubble and the complex internal geometry of the intrusion suggest that it is a permissive environment for intrusion hosted Nickel-copper-PGE sulphides.