ROX RESOURCES LIMITED — Regulatory Filings 2018

Jun 5, 2018

6 JUNE 2018 R R L 1 5 7 2 D

STRONG NICKEL RESULTS FROM FISHER EAST

Key Points

• Diamond drilling at Fisher East intersects three individual massive nickel sulphide intervals
• Musket and Camelwood orebodies extended by over 150m at depth
• Aircore drilling has commenced at Collurabbie

Rox Resources Limited (ASX: RXL) ("Rox" or "the Company") is pleased to announce assay results from the Company's recently completed diamond drilling campaign carried out during April - May at its Fisher East nickel project, located 500km north of Kalgoorlie in Western Australia (Figure 1).

The overall aim of the diamond drill program was:

• To extend the Musket and Camelwood deposits (Figure 2) by testing strong downhole EM anomalies, and
• To test a very strong 1km long EM conductor at Corktree (Figure 3), detected from surface, but not previously effectively drill tested.

Results received include:

• 4.3m @ 2.0% Ni from 701.7m in hole MFED080 at Musket, including 0.3m of massive sulphides grading 8.1% Ni from 701.7m,
• 2.4m @ 2.4% Ni from 718.3m in hole MFED076W1 at Camelwood, including 0.2m of massive sulphides grading 5.2% Ni from 718.9m, and
• 0.3m @ 7.5% Ni of massive sulphides from 288.8m in hole MFED081 at Camelwood.

Rox Managing Director, Mr Ian Mulholland said, "We are very pleased with the results from this

Fisher East diamond drilling program. The result at Musket broadens the prospective area for drilling and indicates that mineralisation extends to at least 700 metres depth."

In addition, the two drill holes at Camelwood have also indicated that the nickel sulphide system at Camelwood is more extensive than that currently contained in our existing resource."

"At Fisher East our continuing overall aim is to make a new game changing massive nickel sulphide discovery through exploration, while at the same time increasing resources at known deposits and continuing to assess development options. This latest drilling program has moved that goal forward, and we now know that the nickel sulphide systems at Musket and Camelwood are extensive and offer significant potential to develop a large resource base."

"Furthermore, we are encouraged by recent positive moves in the nickel price and the realisation that demand for electric vehicles and other batteries is going to put a lot of pressure on the class 1 nickel supply in the years ahead. Rox continues to position itself strongly by holding highly prospective nickel sulphides projects, and an extremely healthy cash balance."

JORC 2012 Mineral Resources at Fisher East total 2.0 Mt @ 2.5% Ni for 50,000 tonnes contained Ni (ASX:RXL 5 February 2016). In addition, mineral resources at Collurabbie total 573kt @ 2.3% NiEq for 13,500 tonnes contained nickel equivalent (ASX:RXL 18 August 2017).

Aircore drilling has now commenced at the Company's Collurabbie project, 70km to the east of Fisher East, with the aim of defining further potential massive nickel sulphide targets.

Musket

Hole MFED080 was drilled to test a strong downhole EM anomaly (Figure 4). It intersected 4.3m @ 2.0% Ni from 701.7m downhole depth, including 0.3m of massive sulphides @ 8.1% Ni from 701.7m (see photo). The remainder of the mineralised interval consisted of disseminated and matrix nickel sulphides to 706.0m.

The hole has extended mineralisation by over 170m outside of the current resource, being a better result than the nearest holes (Figure 5), which include MFED059 (1.4m @ 1.4% Ni from 450.4m downhole), MFED064 (0.7m @ 3.6% Ni from 457.5m downhole) and MFED079 (0.5m @ 4.7% Ni from 522.5m downhole).

Camelwood

Hole MFED076W1 (Figure 4) was a wedge off a previous hole MFED076 (Figure 6) and intersected 2.4m @ 2.4% Ni from 718.3 downhole, including 0.2m of massive sulphide @ 5.2% Ni from 718.9m. The remainder of the mineralised interval was blebby and matrix sulphides to 720.7m downhole.

This hole extends the Camelwood mineralisation by over 150m from the existing resource. Nearest

drill holes are MFED076 (7.7m @ 1.4% Ni from 693.3m downhole) and MFED036 (1.6m @ 3.7% Ni from 569.0m downhole).

Hole MFED081 (Figure 4) intersected 0.3m of massive sulphide @ 7.5% Ni. This zone is an occlusion in the felsic sediment footwall, being a thin dyke of ultramafic that has intruded the felsic sediment. As such, it is interpreted to be at the margin of the ultramafic unit and therefore would terminate mineralisation further north.

Corktree

Hole MFED082 was drilled to 500.1m downhole (Figure 7). It intersected a 50m interval of semimassive pyrite-pyrrhotite-magnetite (see photo), which explains the EM anomaly.

Assay data and drill hole information is given below in Table 1.

ENDS

For more information:

Shareholders/Investors Media

Managing Director Citadel-MAGNUS Tel: +61 8 9226 0044 Tel: +61 8 6160 4903

Ian Mulholland Michael Weir / Cameron Gilenko admin@roxresources.com.au mweir@citadelmagnus.com

Photo of Musket massive sulphide grading 8.1% Ni from MFED080

Photo of Corktree mineralization, pyrite-pyrrhotite-magnetite from MFED082

Figure 1: Fisher East Project Location

Figure 2: Fisher East Nickel Project, Prospect and Resource Locations

Figure 3: Fisher East VTEM showing strong anomalies at Silverbark, Camelwood and Corktree

Figure 4: Musket - Camelwood Long Section

Figure 5: Musket Long Section

Figure 6: Camelwood Cross Section 7035800N

Figure 7: Corktree Long Section (looking west) showing position of interpreted EM conductors (red outlines) and completed drill hole (blue dot).

Hole	East	North	Depth(m)	Dip	Azimuth	From(m)	To(m)	Interval	Ni%	m%	Prospect
MFED076W1	356460	7035843	758.2	-73	265	718.3	720.7	2.4	2.4	5.8	Camelwood
		including				718.9	719.1	0.2	5.2
MFED080	356899	7034248	751.1	-72	260	701.7	706.0	4.3	2.0	8.6	Musket
		including				701.7	702.0	0.3	8.1
MFED081	355987	7035994	325.1	-68	255	288.8	289.1	0.3	7.5	2.3	Camelwood
MFED082	357135	7032340	500.1	-78	240	NSR					Corktree

Table 1: Diamond Drilling Assay Results

Notes to Table:

• Grid coordinates GDA94: Zone 51, collar positions determined by hand held GPS.
• Hole azimuths generally planned as 260-270 degrees, downhole deviations result in hole paths slightly different to those intended.
• Diamond drilling (hole prefix MFED) by HQ/NQ diamond core, with core cut in half and sampled to either significant geological boundaries or even metre intervals.
• Diamond drill samples weighed in water and air to determine bulk density, and then crushed to 6.5mm. 3-5kg sample preparation by pulp mill to nominal P80/75um.
• Ni analysis by Intertek Genalysis Perth method 4A/OE: Multi-acid digest including Hydrofluoric, Nitric, Perchloric and Hydrochloric acids in Teflon Tubes. Analysed by Inductively Coupled Plasma Optical (Atomic) Emission Spectrometry. For higher precision analyses (e.g. Ni > 1%), Intertek Genalysis Perth method 4AH/OE: Modified (for higher precision) multi-acid digest including Hydrofluoric, Nitric, Perchloric and Hydrochloric acids. Analysed by Inductively Coupled Plasma Optical (Atomic) Emission Spectrometry.
• Certified Reference Standards and field duplicate samples were inserted at regular intervals to provide assay quality checks. Review of the standards and duplicates are within acceptable limits.
• Cut-off grade for reporting of 1% Ni with up to 2m of internal dilution allowed.
• Given the angle of the drill holes and the interpreted 60-65 degree easterly dip of the host rocks, reported intercepts will be slightly more than true width.
• NSR = No Significant Result.

About Rox Resources

Rox Resources Limited is an emerging Australian minerals exploration company. The company has a number of key assets at various levels of development with exposure to gold, nickel, copper and platinum group elements (PGE's), including the Mt Fisher Gold Project (WA), the Fisher East Nickel Project (WA), the Collurabbie Nickel-Copper-PGE Project (WA), and the Bonya Copper Project (NT).

Fisher East Nickel Project (100% + Option to Purchase)

The Fisher East nickel project is located in the North Eastern Goldfields region of Western Australia and hosts several nickel sulphide deposits. The total project area is ~350km2 , consisting of a ~300km2 area 100% owned by Rox and an Option to purchase area of a further 50km2 of nickel prospective ground.

Discovery of, and drilling at the Camelwood, Cannonball and Musket nickel prospects has defined a JORC 2012 Mineral Resource (ASX:RXL 5 February 2016) of 2.0Mt grading 2.5% Ni reported at 1.5% Ni cut-off (Indicated Mineral Resource: 1.9Mt grading 2.5% Ni, Inferred Mineral Resource: 0.1Mt grading 2.3% Ni) comprising massive and disseminated nickel sulphide mineralisation, and containing 50,600 tonnes of nickel. Higher grade mineralisation is present in all deposits (refer to ASX announcement above) and is still open at depth beneath each deposit. Additional nickel sulphide deposits continue to be discovered (e.g. Sabre) and these will add to the resource base. Exploration is continuing to define further zones of potential nickel sulphide mineralisation.

Mt Fisher Gold Project (100% + Option to Purchase)

The Mt Fisher gold project is located in the North Eastern Goldfields region of Western Australia, adjacent to the Fisher East nickel project, and hosts several gold deposits. The total project area is ~220km2 , consisting of a ~170km2 area 100% owned by Rox and an Option to purchase area of a further 30km2 of gold prospective ground.

Drilling by Rox has also defined numerous high-grade gold targets and a JORC 2012 Measured, Indicated and Inferred Mineral Resource (ASX:RXL 28 March 2018) of 973,000 tonnes grading 2.75 g/t Au reported at a 0.8 g/tAu cut-off exists for 86,000 ounces of gold (Measured: 171,900 tonnes grading 4.11 g/t Au, Indicated: 204,900 tonnes grading 2.82 g/t Au, Inferred: 596,200 tonnes grading 2.34 g/t Au) aggregated over the Damsel, Moray Reef and Mt Fisher deposits.

Rox recently announced plans to divest the Mt Fisher project to a wholly owned subsidiary and seek to list that subsidiary on the ASX (ASX:RXL 8 May 2018).

Collurabbie Gold-Nickel Project (100%)

The Collurabbie project is located in the highly prospective North Eastern Goldfields region of Western Australia and is prospective for gold and nickel. The project area of 123km2 hosts the Olympia nickel sulphide deposit and a number of other prospects for nickel sulphide mineralisation. A JORC 2012 Inferred Mineral Resource of 573,000t grading 1.63% Ni, 1.19% Cu, 0.082% Co, 1.49g/t Pd, 0.85g/t Pt has been defined at Olympia (ASX:RXL 18 August 2017). The style of nickel sulphide mineralisation is different to that at Fisher East, with a significant copper and PGE component at Collurabbie, and has been compared to the Raglan nickel deposits in Canada (>1Mt contained nickel).

In addition, there is potential for gold mineralisation, with several strong drilling intersections including 2m @ 2.4g/t Au from the Naxos prospect.

Bonya Copper Project (40%)

Rox (40%) has entered into an agreement with Thor Mining PLC to sell its interest in the Bonya project for A$550,000 in Thor shares (29 March 2018). Completion is anticipated during June 2018.

Competent Person Statements:

Resource Statements

The information in this report that relates to gold Mineral Resources for the Mt Fisher project was reported to the ASX on 28 March 2018 (JORC 2012). Rox confirms that it is not aware of any new information or data that materially affects the information included in the announcement of 28 March 2018, and that all material assumptions and technical parameters underpinning the estimates in the announcement of 28 March 2018 continue to apply and have not materially changed.

The information in this report that relates to nickel Mineral Resources for the Fisher East project was reported to the ASX on 5 February 2016 (JORC 2012). Rox confirms that it is not aware of any new information or data that materially affects the information included in the announcement of 5 February 2016, and that all material assumptions and technical parameters underpinning the estimates in the announcement of 5 February 2016 continue to apply and have not materially changed.

The information in this report that relates to nickel Mineral Resources for the Collurabbie project was reported to the ASX on 18 August 2017 (JORC 2012). Rox confirms that it is not aware of any new information or data that materially affects the information included in the announcement of 18 August 2017, and that all material assumptions and technical parameters underpinning the estimates in the announcement of 18 August 2017 continue to apply and have not materially changed.

Exploration Results

The information in this report that relates to previous Exploration Results, was either prepared and first disclosed under the JORC Code 2004 or under the JORC Code 2012 and has been properly and extensively cross-referenced in the text to the date of original announcement to ASX. In the case of the 2004 JORC Code Exploration Results and Mineral Resources, they have not been updated to comply with the JORC Code 2012 on the basis that the information has not materially changed since it was last reported.

Appendix

The following information is provided to comply with the JORC (2012) requirements for the reporting of the drilling results on tenements E53/1218, E53/1318 and E53/1716.

Criteria	JORC Code explanation	Commentary
Sampling techniques	Nature and quality of sampling (e.g. cut channels,random chips, or specific specialised industry standard	RC hole diameter was 5.5" (140 mm) reverse circulationpercussion (RC). Sampling of RC holes was undertakenby collecting 1m cone split samples at intervals.
	measurement tools appropriate to the minerals underinvestigation, such as down hole gamma sondes, orhandheld XRF instruments, etc). These examplesshould not be taken as limiting the broad meaning of	Diamond drill hole core size is NQ2 size diameterthrough the mineralisation. Sampling of diamond holeswas by cut half core as described further below.
	sampling.	Drill holes were generally angled at -600towards gridwest (but see Table for individual hole dips andazimuths) to intersect geology as close to perpendicularas possible.
	Include reference to measures taken to ensure samplerepresentivity and the appropriate calibration of anymeasurement tools or systems used	Drillhole locations were picked up by handheld GPS.Logging of drill samples included lithology, weathering,texture, moisture and contamination (as applicable).Sampling protocols and QAQC are as per industry bestpractice procedures.
	Aspects of the determination of mineralisation that areMaterial to the Public Report. In cases where 'industrystandard' work has been done this would be relativelysimple (e.g. 'reverse circulation drilling was used toobtain 1 m samples from which 3 kg was pulverised toproduce a 30 g charge for fire assay'). In other casesmore explanation may be required, such as wherethere is coarse gold that has inherent samplingproblems. Unusual commodities or mineralisationtypes (e.g. submarine nodules) may warrant disclosureof detailed information	Diamond core is dominantly NQ2 size, sampled ongeological intervals, with a minimum of 0.1 m up to amaximum of 1.5 m. NQ2 core is cut into half, or quarterfor HQ holes.RC drillholes were sampled on 1mintervals using riffle or cone splitter units. Samples weresent to Intertek Genalysis in Kalgoorlie, crushed to10mm, dried and pulverised (total prep) in LM5 units(Some samples > 3kg were split) to produce a subsample. The pulps were then sent to Perth for analysisby four acid digest with a multi-element ICP-OES finish(code: 4A/OE-multi element). Au, Pt and Pd wereanalysed by 25gram fire assay with a massspectrometer finish. Internal laboratory QA uses CRM's,blanks, splits and replicates, along with 10% repeats.
Drilling techniques	Drill type (e.g. core, reverse circulation, open-holehammer, rotary air blast, auger, Bangka, sonic, etc)	Drilling techniques were Reverse Circulation (RC) anddiamond core (DD). The RC hole diameter was 140mmface sampling hammer. Hole depths reported rangefrom 325.1m to 758.2m.
	and details (e.g. core diameter, triple or standard tube,depth of diamond tails, face-sampling bit or other type,whether core is oriented and if so, by what method,etc).	DD hole diameter was mostly NQ2 with 5 ¼ inch RC ormud rotary pre-collar and HQ upper hole portions. Thecore was orientated using a Camtech orientation tool.DD holes had RC or rock roller bit pre-collars drilled,generally to 25-150m depth.
Drill sample recovery	Method of recording and assessing core and chipsample recoveries and results assessed	Diamond drill core recoveries were logged and recordedin the database. Overall recoveries were >95%, andthere were no significant core loss or recovery problems.
		RC drill recoveries were high (>90%).
	Measures taken to maximise sample recovery andensure representative nature of the samples	Diamond core was reconstructed into continuoussample runs on an angle iron used for orientationmarking. Depths are measured and checked againstmarked depths on the core blocks.
		RC samples were visually checked for recovery,

Section 1 Sampling Techniques and Data

moisture and contamination and notes made in the logs.

Criteria	JORC Code explanation	Commentary
	Whether a relationship exists between samplerecovery and grade and whether sample bias mayhave occurred due to preferential loss/gain offine/coarse material.	There is no observable relationship between recoveryand grade, and therefore no sample bias.
Logging	Whethercoreandchipsampleshavebeengeologically and geotechnically logged to a level of	Detailed geological logs have been carried out on all RCdrill holes, but no geotechnical data have been recorded(or is possible to be recorded due to the nature of thesample). The geological data would be suitable forinclusion in a Mineral Resource estimate.
	detail to support appropriate Mineral Resourceestimation, mining studies and metallurgical studies.	Detailed geological and geotechnical logs were carriedout on all diamond drill holes for recovery, RQD,structures etc. which included structure type, dip, dipdirection, alpha angle, beta angle, texture, shape,roughness, fill material, and this data is stored in thedatabase.
	Whether logging is qualitative or quantitative in nature.Core (or costean, channel, etc) photography.	Logging of diamond core and RC chips recordedlithology, mineralogy, mineralisation, structure (DDonly), weathering, colour, and other sample features.Core was photographed and is stored in plastic coretrays. RC chips are stored in plastic RC chip trays.
	The total length and percentage of the relevantintersections logged	All holes were logged in full.
Sub-sampling techniquesand sample preparation	If core, whether cut or sawn and whether quarter, halfor all core taken.	Drill core was cut in half on site using a core saw. Allsamples were collected from the same side of the core,preserving the orientation mark in the kept core half.
	If non-core, whether riffled, tube sampled, rotary split,etc and whether sampled wet or dry.	RC samples were collected on the drill rig using a conesplitter. If any mineralised samples were collected wetthese were noted in the drill logs and database.
	For all sample types, the nature, quality andappropriateness of the sample preparation technique.	The sample preparation followed industry best practice.This involved oven drying, coarse crushing of diamondcore to ~10mm, followed by pulverisation of the entiresample in an LM5 or equivalent pulverising mill to a grindsize of 85% passing 75 micron.
	Quality control procedures adopted for all subsamplingstagestomaximiserepresentivityofsamples.	Field QC procedures involve the use of CertifiedReference Materials (CRM's) as assay standards, alongwith duplicates and barren waste samples. The insertionrate of these was approximately 1:20.
	Measures taken to ensure that the sampling isrepresentative of the in situ material collected,including for instance results for field duplicate/secondhalf sampling.	No diamond core field duplicates were taken. For RCdrilling field duplicates were taken on a routine basis atan approximate 1:20 ratio using the same samplingtechniques (i.e. cone splitter) and inserted into thesample run.
	Whether sample sizes are appropriate to the grain sizeof the material being sampled.	The sample sizes are considered more than adequateto ensure that there are no particle size effects relatingto the grain size of the mineralisation which lies in thepercentage range.
Quality of assay data andlaboratory tests	The nature, quality and appropriateness of theassaying and laboratory procedures used and whetherthe technique is considered partial or total.	The analytical technique involved a four-acid digestfollowed by multi-element ICP/OES analysis (Intertekanalysis code 4A/OE). The four-acid digest involveshydrofluoric, nitric, perchloric and hydrochloric acids andis considered a "complete" digest for most materialtypes, except certain chromite minerals.
	For geophysical tools, spectrometers, handheld XRFinstruments, etc, the parameters used in determiningthe analysis including instrument make and model,reading times, calibrations factors applied and theirderivation, etc.	No geophysical or portable analysis tools were used todetermine assay values stored in the database.

Criteria	JORC Code explanation	Commentary
	Nature of quality control procedures adopted (e.g.standards, blanks, duplicates, external laboratorychecks) and whether acceptable levels of accuracy(i.e. lack of bias) and precision have been established.	Internal laboratory control procedures involve duplicateassaying of randomly selected assay pulps as well asinternal laboratory standards. All of these data arereported to the Company and analysed for consistencyand any discrepancies.
		Check assays were undertaken at an independent thirdparty assay laboratory and correlated extremely well.
Verification of samplingand assaying	The verification of significant intersections by eitherindependent or alternative company personnel.	SeniortechnicalpersonnelfromtheCompany(Managing Director and/or Exploration Manager) havevisually inspected and verified the significant drillintersections.
	The use of twinned holes.	No holes have been twinned at this stage.
	Documentation of primary data, data entry procedures,data verification, data storage (physical and electronic)protocols.	Primary data was collected using a standard set of Exceltemplates on Toughbook laptop computers in the field.These data are transferred to Geobase Pty Ltd for dataverification and loading into the database.
	Discuss any adjustment to assay data.	No adjustments or calibrations have been made to anyassay data.
Location of data points	Accuracy and quality of surveys used to locatedrillholes (collar and down-hole surveys), trenches,mine workings and other locations used in MineralResource estimation.	Not applicable. A hand-held GPS has been used todetermine collar locations at this stage, however DGPScollar surveys will be undertaken by a licensed surveyorshortly.
	Specification of the grid system used.	The grid system is MGA_GDA94, zone 51 for easting,northing and RL.
	Quality and adequacy of topographic control.	The topographic surface was generated from digitalterrain models generated from low level airbornegeophysical surveys.
Data spacing anddistribution	Data spacing for reporting of Exploration Results.	The drill hole spacing varies 40-200 metres between drillsections, with some areas at 40 metre drill sectionspacing. Some sections (but not all) have had more thanone hole drilled. Down dip step-out distance varies 20-100 metres.
	Whether the data spacing and distribution is sufficientto establish the degree of geological and gradecontinuity appropriate for the Mineral Resource andOreReserveestimationprocedure(s)andclassifications applied.	The mineralisation and geology show very goodcontinuity from hole to hole and will be sufficient tosupport the definition of a Mineral Resource or OreReserve and the classifications contained in the JORCCode (2012 Edition) in due course.
		No sample compositing has occurred for diamond coredrilling. Sample intervals are based on geologicalboundaries with even one metre samples between.
	Whether sample compositing has been applied.	For RC samples, sample compositing occurred over 4metre intervals for non-mineralised material, but allmineralised intervals were sampled at a one metreinterval.
Orientation of data inrelation to geologicalstructure	Whether the orientation of sampling achieves unbiasedsampling of possible structures and the extent to whichthis is known, considering the deposit type.	The mineralisation strikes at between about 320-340degrees and dip to the east at between -50 to -70degrees. The drill orientation was planned to be between240-250 degrees, however, some RC drill holes haveswung slightly south (to up to 230 degrees). Drilling isessentially perpendicular to strike. This is confirmed instructural logging of mineralised zones.
	If the relationship between the drilling orientation andthe orientation of key mineralised structures isconsidered to have introduced a sampling bias, thisshould be assessed and reported if material.	No sampling bias is believed to have been introduced.

Criteria	JORC Code explanation	Commentary
Sample security	The measures taken to ensure sample security.	Sample security is managed by the Company. Afterpreparation in the field samples are packed intopolyweave bags and despatched to the laboratory. Fora large number of samples these bags were transportedby the Company directly to the assay laboratory. Insome cases the samples were delivered to a transportcontractor who then delivered the samples to the assaylaboratory. The assay laboratory audits the samples onarrival and reports any discrepancies back to theCompany. No such discrepancies occurred.
Audits or reviews	The results of any audits or reviews of samplingtechniques and data.	A review of previous sampling techniques and data wascarried out by Optiro Pty Ltd ("Optiro") as part of theCamelwood Mineral Resource estimate (ASX:RXL 3October 2013). The database is considered by Optiro tobe of sufficient quality to support a Mineral Resourceestimate. In addition, from time to time, the Companycarries out its own internal data audits.

Section 2 Reporting of Exploration Results

Criteria	JORC Code explanation	Commentary
Mineral tenement andland tenure status	Type, reference name/number, location and ownershipincluding agreements or material issues with third partiessuch as joint ventures, partnerships, overriding royalties,native title interests, historical sites, wilderness or nationalpark and environmental settings.	The mineralisation reported is located within ExplorationLicenses E53/1218, E53/1318 and E53/1716. Rox owns100% of these tenements.
	The security of the tenure held at the time of reportingalong with any known impediments to obtaining a licenceto operate in the area.	The tenement/s is/are in good standing and no knownimpediments exist.
Exploration done byother parties	Acknowledgment and appraisal of exploration by otherparties.	No previous detailed exploration for nickel sulphides hadbeen undertaken on the tenements before Rox'sinvolvement, except for one RC hole drilled by anIndependence Group/Cullen Resources JV in 2006 intoan EM conductor at the Mt Tate prospect. That singlehole did not intersect any nickel sulphides.
Geology	Deposittype,geologicalsettingandstyleofmineralisation.	The geological setting is of Archaean aged komatiitesystem, bounded by hangingwall basaltic rocks andfootwall felsic metasediments. Mineralisation is mostlysituated at the (eastern) basal ultramafic - felsic contact.Therocksarestronglytalc-carbonatealtered.Metamorphism is mid-upper Greenschist. The deposit isanalogous to Kambalda style nickel sulphide deposits.
Drill hole Information	Asummaryofallinformationmaterialtotheunderstanding of the exploration results including atabulation of the following information for all Material drillholes:•easting and northing of the drill hole collar•elevation or RL (Reduced Level – elevationabove sea level in metres) of the drill hole collar•dip and azimuth of the hole•down hole length and interception depth•hole length.	Refer to drill results Table/s and the Notes attachedthereto.

Criteria	JORC Code explanation	Commentary
Data aggregationmethods	In reporting Exploration Results, weighting averagingtechniques, maximum and/or minimum grade truncations(e.g. cutting of high grades) and cut-off grades are usuallyMaterial and should be stated.	All reported assay intervals have been length weighted.No top cuts have been applied. A lower cut-off of 1% isgenerally applied with up to 2m of internal dilutionallowed, except where early exploration holes at a newprospect are reported based on their geologicalsignificance. See Notes to Table/s.
	Where aggregate intercepts incorporate short lengths ofhigh grade results and longer lengths of low grade results,the procedure used for such aggregation should be statedand some typical examples of such aggregations shouldbe shown in detail.	High grade massive or semi-massive sulphide intervalsinternal to broader zones of mineralisation are reportedas included intervals. See Table/s.
	The assumptions used for any reporting of metalequivalent values should be clearly stated.	No metal equivalent values have been used or reported.
Relationship betweenmineralisation widthsand intercept lengths	These relationships are particularly important in thereporting of Exploration Results.	The mineralisation is moderately east dipping throughoutthe deposit. Drillhole azimuths were generally planned at
	If the geometry of the mineralisation with respect to thedrill hole angle is known, its nature should be reported.	2400-2700 and holes generally inclined at -600 west (butsee Table in text). Given the angle of the drill holes andthe interpreted dip of the host rocks and mineralisation
	If it is not known and only the down hole lengths arereported, there should be a clear statement to this effect(e.g. 'down hole length, true width not known').	(see Figures in the text), reported intercepts will be morethan true width.
Diagrams	Appropriate maps and sections (with scales) andtabulations of intercepts should be included for anysignificant discovery being reported These should include,but not be limited to a plan view of drill hole collar locationsand appropriate sectional views.	Refer to Figures and Table in the text.
Balanced reporting	Where comprehensive reporting of all Exploration Resultsis not practicable, representative reporting of both low andhigh grades and/or widths should be practiced to avoidmisleading reporting of Exploration Results.	At this stage only likely mineralised intervals have beenanalysed. Full assays are underway and will be reportedin due course.
Other substantiveexploration data	Other exploration data, if meaningful and material, shouldbe reported including (but not limited to): geologicalobservations; geophysical survey results; geochemicalsurvey results; bulk samples – size and method oftreatment; metallurgical test results; bulk density,groundwater, geotechnical and rock characteristics;potential deleterious or contaminating substances.	Multi element assaying on all samples was carried outfor a suite of potentially deleterious elements such asArsenic and Magnesium.
Further work	The nature and scale of planned further work (e.g. testsfor lateral extensions or depth extensions or large-scalestep-out drilling).Diagrams clearly highlighting the areas of possibleextensions, including the main geological interpretationsand future drilling areas, provided this information is notcommercially sensitive	Further work (RC and diamond drilling) is justified tolocate extensions to mineralisation both at depth andalong strike.