Although the Fe-Ni-Cu sulphides seen in Hole 2 are only weakly conductive with no immediate off-hole response, the potential for a massive sulphide accumulation along strike from these disseminated sulphide zones provides a focus for the ground EM next month. With the delayed harvesting season complete, ground electromagnetics (EM) can now pick up pace in early January. These early-stage diamond holes demonstrate a thick and extensive sequence of differentiated mafic- ultramafic intrusive rocks (see ASX Announcement 10 th November 2021) which, together with confirmation of Fe-Ni-Cu sulphide mineralisation, supports the potential for the 12-kilometre intrusion to host significant concentrations of Ni-Cu-PGE mineralisation. The presence of these distinctive features over broadly spaced holes several kilometres apart continues to enhance the prospectivity of the intrusion and the importance of ground-based electromagnetic surveys (EM) to assist in vectoring into potential accumulations of massive sulphide mineralisation.

Importantly, the mafic-ultramafic rocks hosting the disseminated Fe-Ni-Cu sulphide mineralisation in both Holes 2 and 3 show similar signs of assimilation of country rock into the intrusion. Preliminary observations of the core identify a narrow (one metre) zone of minor disseminated Fe-Ni-Cu sulphides within a pyroxenite. Hole 3 was drilled 3.5 kilometres to the north of Hole 2 and has also intersected a thick sequence of moderate westly dipping mafic-ultramafic intrusive rocks to the bottom of the hole (586m). The third stratigraphic diamond hole, 21SVDD03 (Hole 3), was completed earlier this month with co- funding assistance by the WA Exploration Incentive Scheme.

Intrusion 2 grapple