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Nickel Discovery at Kiabye Project

Nickel Discovery at Kiabye Project

HIGHLIGHTS

One rock chip sample (KPR065) of a gossan in the southern part of the Kiabye South Target was highly anomalous reporting strong Nickel and Cobalt results:

The gossan sample KPR065 resides in an area approximately 1.4km south of the historical Nickel exploration pits with no evidence onsite of previous workings. This site also sits on the south margin of a VTEM anomaly with a shallow conductive feature, see Figure 3.

The follow-up phase of rock chip and soil sampling at the Kiabye Gold Project, covers previously identified gold target areas over the central portion of the Kiabye Greenstone Belt in the Yilgarn‘s Murchison Domain, southeast of Mount Magnet. In particular, the soil sampling focused on the Kiabye South area with 25m infill sampling over a 2,500m North-South magnetic linear target where historical shallow drill (RAB) site N15 (14m) reported 1m @3.45 g/t in the last metre of the hole and is located near surface rock sample with 0.728ppm Au (RMX 5/8/2024). On the marginal extensions of the target infill sampling was conduct to complete 50m centers or e 50×100 spacings on the more marginal areas in the south. See Figure 2 for locations.

Soil gold assays highlight a N-S magnetic feature with gold leakage points and strike length of over 2km.

Two soil sampling programs were conducted for gold over several historical targets within the Kiabye Project area. The main targets were Kiabye South, Northern anomaly and Reef 2.

At Kiabye South results indicate several anomalous samples which coincide with a N- S magnetic feature, a possible demagnetized zone associated with an interpreted shear/fault zone where the anomalous gold possible represents mineralised leakage points along the structure. These points represent future drill targets to test the structure.

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