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WIN METALS LTD Regulatory Filings 2022

Mar 8, 2022

66064_rns_2022-03-08_2b2f2392-0332-497d-8ddc-a052bade5a43.pdf

Regulatory Filings

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ASX Announcement

09 March 2022

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Widgie grows Mt Edwards Nickel Resource

Widgie Nickel Limited (ASX: WIN, “Widgie” or “the Company”) is pleased to provide the following update with respect to its flagship Mt Edwards project.

Highlights

  • Widgie adds well-positioned Inco-Boundary deposit to Mt Edwards’ Mineral Resource

  • Inco-Boundary contains an Inferred Resource of 464,000t at 1.2% Ni for 5,590t of contained Ni (@ 1% Ni cutoff)

  • Total Mt Edwards Project Mineral Resources now stands at 10,684kt at 1.6% Ni for 168,150t of contained Ni

Widgie Nickel Managing Director Steve Norregaard said:

“It’s very pleasing to see Widgie continue to bolster the Mineral Resource base of Mt Edwards.

“Critically, Inco-Boundary is located proximal to other resources in the heart of the Mt Edwards project, making it a highly promising addition to our flagship project, as we move towards being production ready.

“The significance of Inco Boundary may well come to the fore in the medium term given the substantial increase in endowment noted when considering a lower cut-off grade with the resource swelling in size to 2.79Mt @ 0.84% Ni at a 0.5% Ni cut-off, in excess of 23,000t of contained nickel. With the higher nickel price outlook and potential for downstream processing increasing payability cut- off grades on all of the Mt Edwards resources may well be able to be reduced.”

Inco-Boundary Resource

Following an independent assessment of the Inco-Boundary deposit by Auralia Mining Consulting, this new body of nickel mineralisation has been added to the Mt Edwards resource base.

Modelling of historical reverse circulation (RC) and diamond drilling (DD) carried out at the deposit has resulted in an Inferred resource at the Inco-Boundary deposit of 464,000 tonnes, at a grade of 1.2% nickel, representing 5,590 tonnes of contained nickel.

This increases the Total Resource across Mt Edwards to 10,684,000 tonnes, at 1.6% Ni, for contained nickel of 168,150 tonnes, encompassing both indicated and inferred resources at a 1% cut-off.

The full resource table follows.

[email protected] widgienickel.com.au

ACN 648 687 094 Level 4, 220 St Georges Terrace Perth WA 6000

T: +61 8 63817250 F: +61 8 63817299

PO Box 7713 Cloisters Square WA 6850

09 March 2022

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Table 1: Mt Edwards Project Mineral Resource Estimate

Indicated Inferred Inferred TOTAL
Deposit Tonne (kt) Nickel
(%)
Tonne
(kt)
Nickel
(%)


Tonne (kt)
Nickel
(%)
Nickel
Tonnes
Widgie 3 626 1.5
626
1.5 9,160
Gillett 1,306 1.7
1,306
1.7 22,500
Widgie Townsite 1,183 1.7 1,293 1.5
2,476
1.6 39,300
Munda 320 2.2
320
2.2 7,140
Mt Edwards 26N 871 1.4
871
1.4 12,400
132N 34 2.9 426 1.9
460
2.0 9,050
Cooke 154 1.3
154
1.3 2,000
Armstrong 526 2.1 107 2.0
633
2.1 13,200
McEwen 1,133 1.4
1,133
1.4 15,340
McEwen Hangingwall 1,916 1.4
1,916
1.4 26,110
Zabel 272 1.9 53 2.0
325
2.0 6,360
Inco Boundary 464 1.2
464
1.2 5,590
TOTAL 2,015 1.9 8,669 1.5
10,684
1.6 168,150

*Mineral Resource estimates have been rounded to nearest 1,000t, 0.1% Ni and 10t of metal

Location

The Inco-Boundary deposit is proximal to existing resources on mining leases M15/103 and M15/87 (Figure 1). Striking north-south it is situated 500 metres south of the historic Mt Edwards/26N underground nickel mine and 900m north of the Munda Resource (at surface).

Mining Lease M15/103 is held by Mincor Resources Ltd, with Widgie Nickel’s wholly-owned subsidiary Mt Edwards Lithium Pty Ltd retaining nickel rights over the tenement. Mining Lease M15/87 is held by Widgie Gold Pty Ltd, a whollyowned subsidiary of Auric Mining Ltd, with Mt Edwards Lithium Pty Ltd retaining nickel and lithium rights over this tenement.

[email protected] widgienickel.com.au

ACN 648 687 094 Level 4, 220 St Georges Terrace Perth WA 6000

T: +61 8 63817250 F: +61 8 63817299

PO Box 7713 Cloisters Square WA 6850

09 March 2022

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Figure 1 - Location of the Inco-Boundary deposit.

Exploration History

The Inco-Boundary deposit was discovered by Inco Limited in November 1967, following programs of airborne and ground electromagnetic surveys, Induced Polarisation (IP) surveys and soil sampling. Over the ensuing two years, eight separate nickel sulphide occurrences were identified in the area, of which 26N Mt Edwards was the most significant. Inco-Boundary, previously referred to as the 14N prospect, was one of the nickel sulphide occurrences identified.

Subsequent exploration was conducted by Western Mining Corporation (WMC), Titan Resources, Estrella Resources and Neometals Ltd.

[email protected] widgienickel.com.au

ACN 648 687 094 Level 4, 220 St Georges Terrace Perth WA 6000

T: +61 8 63817250 F: +61 8 63817299

PO Box 7713 Cloisters Square WA 6850

09 March 2022

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Geology and Geological Interpretation

The Inco-Boundary deposit occurs on the western limb of the north plunging Mt Edwards anticline, at or near the base of a series of ultramafic flows which overlie a footwall basaltic sequence. The ultramafics range from high MgO to low MgO peridotite and consist of a series of 40-50m thick flows with interflow sediments up to 5m thick.

Drilling has defined a narrow, steep westerly dipping and NNW-plunging zone of nickel sulphide mineralisation. The mineralisation is generally of low grade (≤1 %Ni), although there are a number of higher grade intersections (≥3 %Ni).

Modelling

Geological modelling was completed using Micromine with block modelling and grade estimation completed using Vulcan.

Mineralised domains were modelled based on elevated nickel grades and proximity to the basal surface at the mafic/ultramafic contact. A nominal cut-off grade of 0.4% Ni was used to model the shapes. This was based on the natural nickel cut-off grade determined from the cumulative log-normal distribution graph.

The mineralisation wireframes were supplied by Widgie Nickel and Auralia was responsible for grade interpolation into these shapes. Auralia constructed a lithological contact surface to represent the mafic/ultramafic contact, based on historic geological mapping and drill logs.

Mineralisation is modelled to extend over an 800m strike length to a depth based on current drilling of 400m. Only sulphide mineralisation has been included in the reported mineral resource.

Figure 2 and 3 illustrate the geological interpretation in long section and cross section.

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Figure 2: Long-section looking North-East showing Inco-Boundary Modelled Domains

T: +61 8 63817250 [email protected] F: +61 8 63817299 widgienickel.com.au

ACN 648 687 094 Level 4, 220 St Georges Terrace Perth WA 6000

PO Box 7713 Cloisters Square WA 6850

09 March 2022

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Figure 3: Cross-section showing mineralisation domains- 6,514,800mN

The interpretation was based on a nominal nickel grade only. It was not possible to further define the interpretation into massive, matrix and disseminated sulphides.

Top of fresh rock surface was modelled from the logging codes in drillholes and topographic surface was generated from drillhole collar locations.

Grade Estimation

Nickel was estimated in 3 passes using ordinary kriging. Pass 1 was based on the ranges from the variogram model. In pass 2 the search extents were based on the twice the range indicated in the variogram model and for pass 3 the range was four times the variogram model. Search ellipsoids are oriented parallel to mineralisation.

Model Validation

Table 1 compares the block model grades with the mean composite grades. The mean composite grade is the mean of all the drill composites within the domain and the block grade is the average block model grade within the domain with no cut-off grade applied. The block grade is for all blocks in the domain regardless of if they are in fresh, transitional or oxides areas.

[email protected] widgienickel.com.au

ACN 648 687 094 Level 4, 220 St Georges Terrace Perth WA 6000

T: +61 8 63817250 F: +61 8 63817299

PO Box 7713 Cloisters Square WA 6850

09 March 2022

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Table 2: Block model and composite grades

Domain
98
Domain
98
Domain
99
Composite count 212 779
Composite grade 0.61 0.79
Block Grade 0.79 0.79
Blocks:composite ratio 129% 100%

Includes oxide/transitional and mined areas

In addition to ordinary kriging, nickel was also estimated with inverse distance squared (ID[2] ). A comparison between these two estimation methods reported at a cut-off of 1% and 0.5% Ni is shown in Table 3. Results are shown with no rounding of numbers. There is a very good correlation between the different modelling techniques.

Table 3: Comparison between ordinary kriged and inverse distance estimation

Inverse distance squared Inverse distance squared Inverse distance squared Ordinary kriged Ordinary kriged Ordinary kriged
1% Ni cut-off Tonnes Grade Ni t Tonnes Grade Ni t
Fresh 453,370 1.30 5,912 464,144 1.20 5,588
0.5% Ni cut-off Tonnes Grade Ni t Tonnes Grade Ni t
Fresh 2,790,040 0.84 23,492 2,785,654 0.83 23,037

The swath plot analysis in the following figures indicates that the model represents the underlying composite data. In the graphs in Figure 4 the model grade is represented by the brown line and the composite data by the blue line.

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Figure 4: Swath plots for Nickel

[email protected] widgienickel.com.au

ACN 648 687 094 Level 4, 220 St Georges Terrace Perth WA 6000

T: +61 8 63817250 F: +61 8 63817299

PO Box 7713 Cloisters Square WA 6850

09 March 2022

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Bulk Density

There are no density measurements from the Inco-Boundary deposit. Based on measurement from nearby nickel sulphide deposits the following densities have been applied.

Table 3: Bulk Density

Lithology Density
Fresh Ultramafic Waste 2.9t/m³
Fresh Mafic Waste 2.7t/m³
Fresh Mineralisation 3.0t/m³
Oxide waste and mineralisation 2.0t/m³

Mineral Resource Classification

The Inco-Boundary Mineral Resource has been classified as Inferred. The historic nature of the drilling and the lack of QAQC data and bulk density measurements mean that a higher classification cannot be applied. Mineralisation above the top of fresh rock boundary has not been classified. Until mineralogical and metallurgical test-work has been completed and the viability of processing this material is confirmed it will not be included in the resource estimate.

This is consistent with other recently reported Mineral Resource Estimates in the Widgie Nickel tenements at Widgiemooltha.

Grade-Tonnage Curve

The reported Mineral Resource metrics are highly sensitive to cut-off grade, as illustrated in Figure 5. Reduction of the cut-off grade to 0.8% Ni more than doubles the contained nickel compared to the reported Mineral Resource. Furthermore, at a cut-ff grade of 0.5% Ni, the contained nickel increases more than fourfold.

It is worth noting that the Inco-Boundary deposit is in close proximity to an existing historical underground mine at Mt Edwards 26N (which is less than 400 metres to the northeast) and is less than 900 metres from the existing Mineral Resource at Munda, located to the southwest.

Furthermore, the geometry and thickness of the mineralisation is potentially amendable to a large bulk-tonnage style underground operation.

With further upside in the nickel price, Inco-Boundary represents a medium term opportunity to mine at relatively low capital and operating cost should higher payability or sustained high prices prevail.

[email protected] widgienickel.com.au

ACN 648 687 094 Level 4, 220 St Georges Terrace Perth WA 6000

T: +61 8 63817250 F: +61 8 63817299

PO Box 7713 Cloisters Square WA 6850

09 March 2022

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----- Start of picture text -----

Inco-Boundary Grade/Tonne - Fresh Rock
3,000,000 2.50
2,785,654
2.21
2,500,000
2.00
1.75
2,000,000
1.50
1,500,000
1.20
1,249,873
1.00 1.00
1,000,000 0.83
0.50
500,000
464,144
25,395 4,963
0 0.00
0 0.5 1 1.5 2 2.5
Cutoff Grade Ni %
Tonnage ni_ok
Tonnage
Grade Ni %
----- End of picture text -----

Figure 5 – Grade-Tonnage curve for the Inco-Boundary deposit

Resource drilling update

In tandem with Inco-Boundary, Widgie continues to positively progress other initiatives in its inaugural drilling campaign, including extending and infilling mineralisation at the Gillett Resource, and developing the new Gillett West basal contact, which was identified as an additional target for nickel mineralisation.

Initial assays remain on track to be received by the end of the current quarter.

Approved by:

Board of Widgie Nickel Ltd

-ENDS-

For further details please contact Media Inquiries: Steve Norregaard Shane Murphy Managing Director FTI Consulting [email protected] [email protected] 0472 621 529 0420 945 291

[email protected] widgienickel.com.au

ACN 648 687 094 Level 4, 220 St Georges Terrace Perth WA 6000

T: +61 8 63817250 F: +61 8 63817299

PO Box 7713 Cloisters Square WA 6850

ASX Announcement

09 March 2022

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Competent Person Statements

The information in this announcement that relates to exploration results and sampling techniques is based on and fairly represents information and supporting documentation compiled by Mr Don Huntly, who is a full-time employee of Widgie Nickel Limited. Mr Huntly is a Competent Person and a member of the Australian Institute of Geoscientists. Mr Huntly has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Mr Huntly consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.

The information in this report that relates to the Inco Boundary Mineral Resource is based on, and fairly represents, information and supporting documentation compiled by Richard Maddocks; MSc in Mineral Economics, BAppSc in Applied Geology and Grad Dip in Applied Finance and Investment. Mr Maddocks is a consultant to Auralia Mining Consulting and is a Fellow of the Australasian Institute of Mining and Metallurgy (member no. 111714) with over 30 years of experience. Mr. Maddocks has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the JORC Code. Mr. Maddocks consents to the inclusion in this report of the matters based on his information in the form and content in which it appears.

[email protected] widgienickel.com.au

ACN 648 687 094 Level 4, 220 St Georges Terrace Perth WA 6000

T: +61 8 63817250 F: +61 8 63817299

PO Box 7713 Cloisters Square WA 6850

09 March 2022

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Appendix 1: JORC Table 1

Section 1 Sampling Techniques and Data

Section 1 Sampling Techniques and Data Section 1 Sampling Techniques and Data Section 1 Sampling Techniques and Data
Criteria JORC Code Explanation Commentary
Sampling techniques Nature and quality of sampling (eg cut
channels, random chips, or specific specialised
industry standard measurement tools
appropriate to the minerals under
investigation, such as down hole gamma
sondes, or handheld XRF instruments, etc).
These examples should not be taken as limiting
the broad meaning of sampling
Include reference to measures taken to ensure
sample representivity and the appropriate
calibration of any measurement tools or
systems used.
Aspects of the determination of mineralisation
that are Material to the Public Report. In cases
where ‘industry standard’ work has been done
this would be relatively simple (eg ‘reverse
circulation drilling was used to obtain 1 m
samples from which 3 kg was pulverised to
produce a 30 g charge for fire assay’). In other
cases more explanation may be required, such
as where there is coarse gold that has inherent
sampling problems. Unusual commodities or
mineralisation types (eg submarine nodules)
may warrant disclosure of detailed information.
Drilling is all historic in nature. Sampling
techniques are not known for this
drilling as it has not been documented.
Drilling Techniques Drill type (eg core, reverse circulation, open-
hole hammer, rotary air blast, auger, Bangka,
sonic, etc) and details (eg 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).
The Inco-Boundary Mineral Resource is
based on diamond core and RC drilling
techniques.
A total of 270 drill holes totalling
32,209m have been drilled into the
deposit area. 95 diamond core holes
(23,176m) have been drilled. Some
hole types are not known, based on the
depths of these holes they have been
assumed to be RC.
Of the 270 holes, only 7 have been
drilled in the past 20 years. Most (229)
were drilled in the 1960’s and 1970’s
and there are few details of this drilling
documented. WMC drilled 33 holes in
the mid-1990’s with few documented
details.
No RAB, Auger or aircore holes have
been used in the Mineral Resource
estimation.
Drill Sample Recovery Method of recording and assessing core and
chip sample recoveries and results assessed.
Sample recovery of drilling was not
recorded.

[email protected] widgienickel.com.au

ACN 648 687 094 Level 4, 220 St Georges Terrace Perth WA 6000

T: +61 8 63817250 F: +61 8 63817299

PO Box 7713 Cloisters Square WA 6850

09 March 2022

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Section 1 Sampling Techniques and Data
Measures taken to maximise sample recovery
and ensure representative nature of the
samples.
Whether a relationship exists between sample
recovery and grade and whether sample bias
may have occurred due to preferential
loss/gain of fine/coarse material.
Logging Whether core and chip samples have been
geologically and geotechnically logged to a
level of detail to support appropriate Mineral
Resource estimation, mining studies and
metallurgical studies.
Whether logging is qualitative or quantitative in
nature. Core (or costean, channel, etc)
photography.
The total length and percentage of the relevant
intersections logged.
All drill holes have been geologically
logged for lithology and weathering has
been logged for drill holes from surface.
Sub-sampling techniques and
sample preparation
If core, whether cut or sawn and whether
quarter, half or all core taken.
If non-core, whether riffled, tube sampled,
rotary split, etc and whether sampled wet or
dry.
For all sample types, the nature, quality and
appropriateness of the sample preparation
technique.
Sub-sampling and sample preparation
techniques were not recorded.
Quality of assay data and
laboratory tests
Quality control procedures adopted for all sub-
sampling stages to maximise representivity of
samples.
Measures taken to ensure that the sampling is
representative of the in situ material collected,
including for instance results for field
duplicate/second-half sampling.
Whether sample sizes are appropriate to the
grain size of the material being sampled.
Quality of assay data and laboratory
tests was not recorded.

T: +61 8 63817250 [email protected] F: +61 8 63817299 widgienickel.com.au

ACN 648 687 094 Level 4, 220 St Georges Terrace Perth WA 6000

PO Box 7713 Cloisters Square WA 6850

09 March 2022

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Section 1 Sampling Techniques and Data
Quality of assay data and
laboratory tests cont.
The nature, quality and appropriateness of the
assaying and laboratory procedures used and
whether the technique is considered partial or
total.
For geophysical tools, spectrometers, handheld
XRF instruments, etc, the parameters used in
determining the analysis including instrument
make and model, reading times, calibrations
factors applied and their derivation, etc.
Nature of quality control procedures adopted (eg
standards,
blanks,
duplicates,
external
laboratory checks) and whether acceptable
levels of accuracy (ie lack of bias) and precision
have been established.
Quality of assay data was not recorded.
Verification of sampling and
assaying
The verification of significant intersections by
either independent or alternative company
personnel.
The use of twinned holes
The verification of significant intersections by
either independent or alternative company
personnel.
Discuss any adjustment to assay data
No validation of assaying and sampling
has been possible.
Location of data points Accuracy and quality of surveys used to locate
drill holes (collar and down-hole surveys),
trenches, mine workings and other locations
used in Mineral Resource estimation.
Specification of the grid system used
Quality and adequacy of topographic control
MGA94_51S is the grid system used in
this program.
Historic survey methods are not known
but data was originally recorded in in
local grids that have been converted to
current MGA data. This conversion may
have introduced some small errors.
Most holes have not been down-hole
surveyed.
Data spacing and distribution Data spacing for reporting of Exploration
Results
Whether the data spacing and distribution is
sufficient to establish the degree of geological
and grade continuity appropriate for the
Mineral Resource and Ore Reserve estimation
procedure(s) and classifications applied.
Whether sample compositing has been applied
Drilling has been completed on 30m
sections along strike of mineralisation.
Orientation of data in relation to
geological structure
Whether the orientation of sampling achieves
unbiased sampling of possible structures and
the extent to which this is known, considering
the deposit type.
If the relationship between the drilling
orientation and the orientation of key
mineralised structures is considered to have
introduced a sampling bias, this should be
assessed and reported if material.
Drilling has generally been oriented
perpendicular to strike at dips from -45
to
-90
degrees.
Intersections
are
generally not true lengths but show
some exaggeration due to the near
vertical nature of the mineralisation.
There is no significant bias introduced
due to drilling orientation.

[email protected] widgienickel.com.au

ACN 648 687 094 PO Box 7713 Level 4, 220 St Georges Terrace Cloisters Square WA 6850 Perth WA 6000

T: +61 8 63817250 F: +61 8 63817299

09 March 2022

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Section 1 Sampling Techniques and Data
Sample security The measures taken to ensure sample security Historic security measures are not
known.

Section 2 Reporting of Exploration Results

Section 2 Reporting of Exploration Results Section 2 Reporting of Exploration Results Section 2 Reporting of Exploration Results
Criteria JORC Code Explanation Commentary
Mineral tenement
and land tenure
status
Type, reference name/number, location and
ownership including agreements or material issues
with third parties such as joint ventures,
partnerships, overriding royalties, native title
interests, historical sites, wilderness or national
park and environmental settings.
The security of the tenure held at the time of
reporting along with any known impediments to
obtaining a licence to operate in the area.
The Inco-Boundary Nickel Deposit straddles the
boundary
between
tenements
M15/87
and
M15/103 in Western Australia. M15/87 is held by
Widgie Gold Pty Ltd, a wholly-owned subsidiary of
Auric Mining Ltd, with Widgie Nickel Ltd retaining
nickel and lithium mineral rights via a wholly-
owned subsidiary Mt Edwards Lithium Pty Ltd.
M15/103 is held by Mincor Resources NL, with Mt
Edwards Lithium Pty Ltd retaining nickel rights over
the tenement.
Exploration done
by other parties
Acknowledgment and appraisal of exploration by
other parties.
The project area has a long history of exploration
and mining and has been explored for nickel since
the 1960s, initially by INCO in the 1960’s and then
Western Mining Corporation from the early 1980’s.
Numerous companies have taken varying interests
in the project area since this time including Titan
Resources, Estrella Resources and Neometals Ltd.
Geology Deposit type, geological setting and style of
mineralisation.
The Inco-Boundary deposit occurs on the western
limb of the north plunging Mt Edwards anticline, at
or near the base of a series of ultramafic flows
which overlie a footwall basaltic sequence. The
ultramafics range from high MgO to low MgO
peridotite and consist of a series of 40-50m thick
flows with interflow sediments up to 5m thick.
Drilling defines a fairly narrow, steep westerly
dipping and NNW-plunging zone of sulphide nickel
mineralisation. The mineralisation is generally of
low grade, although there are a number of higher
grade intersections.
Drill hole
information
A summary of all information material to the
understanding of the exploration results including
a tabulation of the following information for all
Material drill holes:
easting and northing of the drill hole collar
elevation or RL (Reduced Level – elevation above
sea level in metres) of the drill hole collar
Relevant drill hole information has been tabled in
this report including hole ID, drill type, drill collar
location, elevation, drilled depth, azimuth, and dip.

[email protected] widgienickel.com.au

ACN 648 687 094 Level 4, 220 St Georges Terrace Perth WA 6000

T: +61 8 63817250

PO Box 7713 Cloisters Square WA 6850

F: +61 8 63817299

09 March 2022

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Section 2 Reporting of Exploration Results
dip and azimuth of the hole
down hole length and interception depth
hole length.
If the exclusion of this information is justified on
the basis that the information is not Material and
this exclusion does not detract from the
understanding of the report, the Competent
Person should clearly explain why this is the case.
Data aggregation
methods
In reporting Exploration Results, weighting
averaging techniques, maximum and/or minimum
grade truncations (eg cutting of high grades) and
cut-off grades are usually Material and should be
stated.
Where aggregate intercepts incorporate short
lengths of high grade results and longer lengths of
low grade results, the procedure used for such
aggregation should be stated and some typical
examples of such aggregations should be shown in
detail.
The assumptions used for any reporting of metal
equivalent values should be clearly stated.
Reported
intersections
are
length
weighted
average
nickel
grades
within
the
modelled
mineralised domains.
Relationship
between
mineralisation
widths and
intercept lengths
These relationships are particularly important in
the reporting of Exploration Results
If the geometry of the mineralisation with respect
to the drill hole angle is known, its nature should
be reported.
If it is not known and only the down hole lengths
are reported, there should be a clear statement to
this effect (eg ‘down hole length, true width not
known’).
Nickel mineralisation is hosted in the ultramafic
rock unit close to the metabasalt contact zones.
All drilling is angled to best intercept the favourable
contact zones between ultramafic rock and
metabasalt rock units to test for true widths of
mineralisation.
Due to the steep orientation of the mineralised
zones there will be minor exaggeration of the width
of intercepts reported. Drill intersections are
reported as down hole lengths.
Diagrams Appropriate maps and sections (with scales) and
tabulations of intercepts should be included for
any significant discovery being reported These
should include, but not be limited to a plan view of
drill hole collar locations and appropriate sectional
views.
Appropriate maps, sections and tables are included
in the body of this report
Balanced reporting Where comprehensive reporting of all Exploration
Results is not practicable, representative reporting
of both low and high grades and/or widths should
be practiced to avoid misleading reporting of
Exploration Results.
All
material,
relevant
geological
data
and
information has been disclosed with reporting
considered balanced by the Competent Person.
Other substantive
exploration data
Other exploration data, if meaningful and material,
should be reported including (but not limited to):
geological
observations;
geophysical
survey
results; geochemical survey results; bulk samples
– size and method of treatment; metallurgical test
results; bulk density, groundwater, geotechnical
and rock characteristics potential deleterious or
contaminating substances.
No further exploration data has been collected at
this stage.

[email protected] widgienickel.com.au

ACN 648 687 094 Level 4, 220 St Georges Terrace Perth WA 6000

T: +61 8 63817250

PO Box 7713 Cloisters Square WA 6850

F: +61 8 63817299

09 March 2022

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Section 2 Reporting of Exploration Results

Section 2 Reporting of Exploration Results Section 2 Reporting of Exploration Results Section 2 Reporting of Exploration Results
Further work The nature and scale of planned further work (eg
tests for lateral extensions or large scale step out
drilling.
Diagrams clearly highlighting the areas of possible
extensions, including the main geological
interpretations and future drilling areas, provided
this information is not commercially sensitive.
Further drilling is recommended to test the
potential down plunge extents and infill areas for
nickel mineralisation
Section 3 Estimation and Reporting of Mineral Resources 3 Estimation and Reporting of Mineral Resources
Criteria JORC Code Explanation Commentary
Database integrity Measures taken to ensure that data has
not been corrupted by, for example,
transcription or keying errors, between its
initial collection and its use for Mineral
Resource estimation purposes.
Data validation procedures used.
The
database
is
an
accumulation
of
exploration results by several companies.
Data was inspected for errors. No obvious
errors
were
found.
Drillhole
locations,
downhole surveys, geology and assays all
corresponded to expected locations.
Site visits Comment on any site visits undertaken by
the Competent Person and the outcome of
those visits. If no site visits have been
undertaken indicate why this is the case.
The competent person has visited the site. An
inspection of the site was conducted on 17
March 2020.
Geological interpretation Confidence in (or conversely, the
uncertainty of) the geological
interpretation of the mineral deposit.
Nature of the data used and of any
assumptions made.
The effect, if any, of alternative
interpretations on Mineral Resource
estimation.
The use of geology in guiding and
controlling Mineral Resource estimation.
The factors affecting continuity both of
grade and geology.
There are sufficient drill intersections through
the mineralisation and geology to be confident
of the geological interpretation. These types of
nickel deposits have been mined in the
Kambalda/Widgiemooltha region for many
years and the geology is well documented.
The basal contact of the ultramafic overlying
mafics has been accurately located through
many drill hole intersections. The nickel
enriched base of the ultramafics, and enriched
zones in the hanging wall of the ultramafic,
has been accurately determined through drill
intersections.
The basal contact corresponds closely with the
higher-grade nickel mineralisation.
The extent and variability of the Mineral
Resource expressed as length (along
The modelled deposit has a strike extent of
800m. The deepest part of the mineralised

[email protected] widgienickel.com.au

ACN 648 687 094 PO Box 7713 Level 4, 220 St Georges Terrace Cloisters Square WA 6850 Perth WA 6000

T: +61 8 63817250

F: +61 8 63817299

09 March 2022

==> picture [40 x 23] intentionally omitted <==

Section 3 Estimation and Reporting of Mineral Resources

Section 3 Estimation and Reporting of Mineral Resources Section 3 Estimation and Reporting of Mineral Resources Section 3 Estimation and Reporting of Mineral Resources
Dimensions strike or otherwise), plan width, and
depth below surface to the upper and
lower limits of the Mineral Resource.
domain is about 400m below surface. The
mineralised zone is from about 1m to 20m
wide.
Estimation and modelling
techniques
The nature and appropriateness of the
estimation technique(s) applied and key
assumptions, including treatment of
extreme grade values, domains,
interpolation parameters and maximum
distance of extrapolation from data points.
If a computer assisted estimation method
was chosen include a description of
computer software and parameters used.
The availability of check estimates,
previous estimates and/or mine
production records and whether the
Mineral Resource estimate takes
appropriate account of such data.
The assumptions made regarding recovery
of by-products.
Estimation of deleterious elements or
other non-grade variables of economic
significance (eg sulphur for acid mine
drainage characterisation).
In the case of block model interpolation,
the block size in relation to the average
sample spacing and the search employed.
Any assumptions behind modelling of
selective mining units.
Any assumptions about correlation
between variables.
Description of how the geological
interpretation was used to control the
resource estimates.
Discussion of basis for using or not using
grade cutting or capping.
The process of validation, the checking
process used, the comparison of model
data to drill hole data, and use of
reconciliation data if available.
The estimation for nickel was done using
ordinary kriging. Two mineralised domains
were
estimated
representing
the
basal
accumulation of nickel bearing sulphides.
Lower levels of nickel mineralisation were
generally not included however sometimes for
continuity of domain modelling lower grade
intersections were included.
The mineral resource was estimated using
Vulcan 2020.4.
Composites were modelled at 1m intervals to
reflect the dominant sample intervals in the
database. The block size was 5mX, 10mY,
5mZ. A sub-block size of 1.25mX, 1.25mY,
1.25mZ was used to accurately model the
narrow mineralisation horizon. The parent
block size was used in grade estimation.
The search directions were based on the
orientation
of
the
mineralised
horizons.
Search dimensions were based on the model
variogram ranges. With dimension twice the
model ranges to ensure all blocks within the
domains were estimated.
No assumptions were made on correlation of
variables. A top cut of 3% nickel was applied
to composite data.
Moisture Whether the tonnages are estimated on a
dry basis or with natural moisture, and
the method of determination of the
moisture content.
Estimates are on a dry tonne basis

[email protected] widgienickel.com.au

ACN 648 687 094 PO Box 7713 T: +61 8 63817250 Level 4, 220 St Georges Terrace Cloisters Square WA 6850 F: +61 8 63817299 Perth WA 6000

09 March 2022

==> picture [40 x 23] intentionally omitted <==

Section 3 Estimation and Reporting of Mineral Resources

Section 3 Estimation and Reporting of Mineral Resources Section 3 Estimation and Reporting of Mineral Resources Section 3 Estimation and Reporting of Mineral Resources
Cut-off parameters The basis of the adopted cut-off grade(s)
or quality parameters applied.
The cut-off grade of 1% Ni used for reporting
corresponds to a potential mining cut-off
grade appropriate for anticipated mining
methods.
Mining factors or assumptions Assumptions made regarding possible
mining methods, minimum mining
dimensions and internal (or, if applicable,
external) mining dilution. It is always
necessary as part of the process of
determining reasonable prospects for
eventual economic extraction to consider
potential mining methods, but the
assumptions made regarding mining
methods and parameters when estimating
Mineral Resources may not always be
rigorous. Where this is the case, this
should be reported with an explanation of
the basis of the mining assumptions
made.
No mining factors have been implicitly used in
the model.
Metallurgical factors or
assumptions
The basis for assumptions or predictions
regarding metallurgical amenability. It is
always necessary as part of the process of
determining reasonable prospects for
eventual economic extraction to consider
potential metallurgical methods, but the
assumptions regarding metallurgical
treatment processes and parameters
made when reporting Mineral Resources
may not always be rigorous.
No metallurgical factors have been assumed
however the oxide and transitional zones
require
additional
mineralogical
and
metallurgical test-work to establish the nature
and occurrence of nickel mineral species. For
this reason only fresh mineralisation has been
included in the reported Mineral Resource.
Environmental factors or
assumptions
Assumptions made regarding possible
waste and process residue disposal
options. It is always necessary as part of
the process of determining reasonable
prospects for eventual economic
extraction to consider the potential
environmental impacts of the mining and
processing operation. While at this stage
the determination of potential
environmental impacts, particularly for a
greenfields project, may not always be
well advanced, the status of early
consideration of these potential
environmental impacts should be
reported. Where these aspects have not
been considered this should be reported
with an explanation of the environmental
assumptions made.
No environmental factors or assumptions were
used in the modelling.
Bulk density Whether assumed or determined. If
assumed, the basis for the assumptions. If
determined, the method used, whether
wet or dry, the frequency of the
measurements, the nature, size and
representativeness of the samples.
The bulk density for bulk material must
have been measured by methods that
adequately account for void spaces (vugs,
porosity, etc), moisture and differences
Bulk density within the deposit was assumed
based on other deposits in the Widgiemooltha
region
Transitional/oxide material was assigned a
density of 2.0. Fresh Mafic waste 2.7 and
ultramafic
waste
2.9.
Mineralised
fresh
material was assigned 3.0t/m³.

[email protected] widgienickel.com.au

ACN 648 687 094 Level 4, 220 St Georges Terrace Perth WA 6000

T: +61 8 63817250

PO Box 7713 Cloisters Square WA 6850

F: +61 8 63817299

09 March 2022

==> picture [40 x 23] intentionally omitted <==

Section 3 Estimation and Reporting of Mineral Resources
between rock and alteration zones within
the deposit.
Discuss assumptions for bulk density
estimates used in the evaluation process
of the different materials.
Classification The basis for the classification of the
Mineral Resources into varying confidence
categories.
Whether appropriate account has been
taken of all relevant factors (i.e. relative
confidence in tonnage/grade estimations,
reliability of input data, confidence in
continuity of geology and metal values,
quality, quantity and distribution of the
data.
The Mt Edwards Mineral Resource has been
classified as Inferred. Oxide and transition
material was not classified. The main criteria
used for classifying inferred material was lack
of data for drill type, QAQC data and bulk
density.
This
classification
reflects
the
Competent Person’s view of the deposit.
Whether the result appropriately reflects
the Competent Person’s view of the
deposit.
Audits or reviews The results of any audits or reviews of
Mineral Resource estimates
Auralia Mining Consulting are independent of
Widgie Nickel.
Discussion of relative accuracy/
confidence
Where appropriate a statement of the
relative accuracy and confidence level in
the Mineral Resource estimate using an
approach or procedure deemed
appropriate by the Competent Person. For
example, the application of statistical or
geostatistical procedures to quantify the
relative accuracy of the resource within
stated confidence limits, or, if such an
approach is not deemed appropriate, a
qualitative discussion of the factors that
could affect the relative accuracy and
confidence of the estimate.
The statement should specify whether it
relates to global or local estimates, and, if
local, state the relevant tonnages, which
should be relevant to technical and
economic evaluation. Documentation
should include assumptions made and the
procedures used.
These statements of relative accuracy and
confidence of the estimate should be
compared with production data, where
available.
This Mineral Resource Estimate represents a
global estimate of Mineral Resources at Inco-
Boundary. The stated tonnages and grade
reflect the geological interpretation and the
categorisation
of
the
mineral
resource
estimate reflects the relative confidence and
accuracy.

[email protected] widgienickel.com.au

ACN 648 687 094 Level 4, 220 St Georges Terrace Perth WA 6000

T: +61 8 63817250 F: +61 8 63817299

PO Box 7713 Cloisters Square WA 6850

09 March 2022

==> picture [40 x 23] intentionally omitted <==

APPENDIX 2: DRILLHOLES USED IN ESTIMATE

Hole Hole Type East MGA94_51S North MGA94_51S RL Depth Dip Azimuth Company Year Lease
DDM4
DDM7
HH512
HH513
HH514
HH515
HH516
HH517
HH518
HH519
HH520
HH527
HH528
HH529
HH560
HH561
HH562
ME10705
ME10706
ME10708
ME10711
ME10712
ME10715
ME10717
ME10719
ME10720
ME10722
ME10722W1
ME10723
ME10724
ME10726
ME10727
ME10729
ME10730
ME10733
ME10734
ME10735
ME10736
ME11431
ME5841
ME5851
ME5852
ME5855
ME5859
DD
DD
UNK
UNK
UNK
UNK
UNK
UNK
UNK
UNK
UNK
UNK
UNK
UNK
UNK
UNK
UNK
DD
DD
DD
DD
DD
DD
DD
DD
DD
DD
DD
DD
DD
DD
DD
DD
DD
DD
DD
DD
DD
DD
DD
DD
DD
DD
DD
360982.49
360892.04
361088.99
361114
361040.99
360981.04
361139.99
361041.71
361058.71
361093.74
361070.45
361147.96
361128.98
361108.96
361180.93
361207.85
361155.93
360889.08
360850.65
360867.61
360816.08
361272.83
360722.52
361038.87
360892.2
360876.52
360767.02
360767.02
360983.77
361422.27
360866.64
360908.2
360933.51
361379.54
360881.8
361219.06
361348.99
361337.27
361070.48
361137.17
361166.37
361087.07
361117.58
360853.92
6514628.72
6514684.97
6514445.63
6514444.84
6514447.23
6514441.74
6514445.05
6514723.2
6514722.34
6514718.63
6514511.47
6514569.1
6514567.94
6514569.78
6514693.36
6514703.58
6514694.15
6514823.12
6515063.88
6514943.13
6515058.14
6514763.28
6515258.9
6514786.21
6515008.99
6514759.25
6514957.31
6514957.31
6514900.32
6515189.7
6515004.75
6514949.86
6514892.29
6514781.01
6514883.7
6514847.04
6514806.82
6514804.88
6514884.14
6515324.3
6515208.99
6515072.25
6515355.43
6515157.1
363.05
362.89
366.92
368.65
365.85
366.48
370.25
363.74
364.66
365.46
366.21
366.64
366.72
366.81
364.84
365.26
364.6
363.89
363.89
363.89
363.89
357.89
364.89
362.89
362.89
363.89
366.89
366.89
360.89
374.89
363.89
362.89
361.89
356.89
363.89
358.89
357.89
357.89
359.89
372.89
365.89
364.89
369.18
363.89
256.95
320.25
76.2
57.91
68.28
60.96
55.78
46.33
57.29
57.3
60.05
29.87
29.87
49.07
58.67
32.61
46.33
403.85
242
363.92
366.06
263.35
359.97
133.05
198.41
535.31
484.63
602.28
134.41
329.48
294.44
220.07
256.03
305.41
443.18
231.65
113.08
287.42
91.44
242.01
243.84
260.6
302.36
187.76
-50
-50
-60
-60
-60
-60
-60
-60
-60
-60
-60
-60
-60
-60
-60
-60
-60
-55
-55
-60
-60
-45
-55
-50
-50
-60
-60
-60
-45
-55
-55
-50
-55
-55
-60
-50
-60
-55
-60
-45
-50
-45
-45
-42.5
89.53
86.53
89.53
89.53
89.53
89.53
89.53
89.53
89.53
89.53
89.53
89.53
89.53
89.53
269.53
89.53
269.53
80.53
80.53
80.53
80.53
260.53
80.53
80.53
80.53
80.53
70.53
70.53
80.53
260.53
80.53
80.53
80.53
260.53
80.53
260.53
80.53
260.53
260.53
80.53
80.53
260.53
80.53
80.53
Anaconda
Anaconda
Anaconda
Anaconda
Anaconda
Anaconda
Anaconda
Anaconda
Anaconda
Anaconda
Anaconda
Anaconda
Anaconda
Anaconda
Anaconda
Anaconda
Anaconda
INCO
INCO
INCO
INCO
INCO
INCO
INCO
INCO
INCO
INCO
INCO
INCO
INCO
INCO
INCO
INCO
INCO
INCO
INCO
INCO
INCO
INCO
INCO
INCO
INCO
INCO
INCO
1972
1972
1970
1970
1970
1970
1970
1970
1970
1970
1970
1970
1970
1970
1970
1970
1970
1971
1971
1971
1971
1971
1971
1971
1971
1971
1971
1971
1971
1971
1971
1971
1971
1971
1971
1971
1971
1971
1971
1969
1969
1969
1969
1971
M15/87
M15/87
M15/87
M15/87
M15/87
M15/87
M15/87
M15/103
M15/103
M15/103
M15/87
M15/87
M15/87
M15/87
M15/87
M15/87
M15/87
M15/103
M15/103
M15/103
M15/103
M15/103
M15/103
M15/103
M15/103
M15/103
M15/103
M15/103
M15/103
M15/103
M15/103
M15/103
M15/103
M15/103
M15/103
M15/103
M15/103
M15/103
M15/103
M15/103
M15/103
M15/103
M15/103
M15/103
ME5862 DD 361116.11 6514953.5 360.89 211.84 -45 260.53 INCO 1969 M15/103

PO Box 7713 T: +61 8 63817250 [email protected] Cloisters Square WA 6850 F: +61 8 63817299 widgienickel.com.au

ACN 648 687 094 Level 4, 220 St Georges Terrace Perth WA 6000

09 March 2022

==> picture [40 x 23] intentionally omitted <==

Hole Hole Type East MGA94_51S North MGA94_51S RL Depth Dip Azimuth Company Year Lease
ME5863
ME5864
ME5865
ME5868
ME5870
ME5871
ME5888
ME5889
ME5897
ME5897W1
ME5897W2
ME6016
ME6017
ME6018
ME6019
ME6020
ME6021
ME6022
ME6023
ME6037
ME6038
ME6039
ME6040
ME6041
ME6042
ME6043
ME6044
ME6045
ME6046
ME6047
ME6048
ME6049
ME6050
ME6061
ME6062
ME6063
ME6064
ME6065
ME6066
ME6067
ME6068
ME6069
ME6080
ME6081
ME6082
ME6083
DD
DD
DD
DD
DD
DD
DD
DD
DD
DD
DD
RDH
RDH
RDH
RDH
RDH
RDH
RDH
RDH
RDH
RDH
RDH
RDH
RDH
RDH
RDH
RDH
RDH
RDH
RDH
RDH
RDH
RDH
RDH
RDH
RDH
RDH
RDH
RDH
RDH
RDH
RDH
RDH
RDH
RDH
RDH
360873.68
361118.49
361089.3
361085.83
361061.21
361105.23
360826.88
360751.79
360804
360804
360804
360956.89
360941.85
361062.11
361077.14
361092.17
361107.21
361122.23
361137.27
361137.38
361152.41
361167.44
361122.34
361182.47
361197.5
361212.54
361227.57
361242.6
361177.42
361192.46
361207.48
361222.52
361237.55
361252.59
361217.47
361232.51
361247.53
361262.57
361277.6
361292.63
361307.66
361257.52
361272.56
361287.59
361302.61
361317.65
6515036.81
6515264.48
6515319.8
6515318.94
6515129.74
6515013.48
6515214.44
6515140.14
6515024
6515024
6515024
6515112.41
6515109.92
6515129.89
6515132.39
6515134.88
6515137.37
6515139.88
6515142.37
6515327.75
6515330.24
6515332.74
6515325.25
6515335.23
6515337.73
6515340.23
6515342.72
6515345.22
6515272.61
6515275.11
6515277.61
6515280.1
6515282.59
6515285.1
6515217.48
6515219.97
6515222.47
6515224.97
6515227.46
6515229.96
6515232.46
6515162.34
6515164.84
6515167.33
6515169.83
6515172.33
362.89
367.89
367.08
370.89
365.89
361.89
363.89
364.89
373.89
373.89
373.89
369.89
366.89
365.89
366.89
366.89
366.89
366.89
366.89
372.89
369.89
370.89
368.39
371.89
372.89
373.89
374.89
374.89
368.89
368.89
368.89
368.89
369.89
370
366.89
366.89
366.89
368.89
368.79
368.89
369.69
365.89
370.69
371.09
370.89
369.39
249.63
301.75
72.87
361.19
243.84
235.61
212.75
346.86
327.66
320.95
352.96
64.01
64.01
15.24
16.76
16.76
16.76
16.76
15.24
62.48
59.44
67.06
67.06
64.01
57.91
60.96
16.76
19.81
51.82
51.82
64.01
51.82
51.82
67.06
48.77
51.82
18.29
45.72
54.86
56.39
57.91
53.34
28.96
25.91
48.77
28.96
-52
-45
-57
-57
-45
-45
-45
-45
-55
-55
-55
-90
-90
-90
-90
-90
-90
-90
-90
-90
-90
-90
-90
-90
-90
-90
-90
-90
-90
-90
-90
-90
-90
-90
-90
-90
-90
-90
-90
-90
-90
-90
-90
-90
-90
-90
80.53
80.53
80.53
80.53
260.53
260.53
80.53
80.53
80.53
80.53
80.53
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
INCO
INCO
INCO
INCO
INCO
INCO
INCO
INCO
INCO
INCO
INCO
INCO
INCO
INCO
INCO
INCO
INCO
INCO
INCO
INCO
INCO
INCO
INCO
INCO
INCO
INCO
INCO
INCO
INCO
INCO
INCO
INCO
INCO
INCO
INCO
INCO
INCO
INCO
INCO
INCO
INCO
INCO
INCO
INCO
INCO
INCO
1969
1969
1969
1969
1969
1969
1970
1970
1970
1970
1970
1969
1969
1969
1969
1969
1969
1969
1969
1969
1969
1969
1969
1969
1969
1969
1969
1969
1969
1969
1969
1969
1969
1969
1969
1969
1969
1969
1969
1969
1969
1969
1969
1969
1969
1969
M15/103
M15/103
M15/103
M15/103
M15/103
M15/103
M15/103
M15/103
M15/103
M15/103
M15/103
M15/103
M15/103
M15/103
M15/103
M15/103
M15/103
M15/103
M15/103
M15/103
M15/103
M15/103
M15/103
M15/103
M15/103
M15/103
M15/103
M15/103
M15/103
M15/103
M15/103
M15/103
M15/103
M15/103
M15/103
M15/103
M15/103
M15/103
M15/103
M15/103
M15/103
M15/103
M15/103
M15/103
M15/103
M15/103

[email protected] widgienickel.com.au

ACN 648 687 094 Level 4, 220 St Georges Terrace Perth WA 6000

T: +61 8 63817250 F: +61 8 63817299

PO Box 7713 Cloisters Square WA 6850

09 March 2022

==> picture [40 x 23] intentionally omitted <==

Hole Hole Type East MGA94_51S North MGA94_51S RL Depth Dip Azimuth Company Year Lease
ME6084
ME6085
ME6224
ME6225
ME6226
ME6227
ME6228
ME6229
ME6230
ME6231
ME6232
ME6233
ME6234
ME6235
ME6268
ME6269
ME6272
ME6277
ME6278
ME6279
ME6280
ME6427
ME6428
ME6429
ME6430
ME6431
ME6545
ME6564
ME6565
ME6566
ME6567
ME6568
ME6569
ME6570
ME6668
ME6699
ME6700
ME8101
ME8108
ME8110
ME8111
ME8113
ME8115
ME8116
ME8116W1
ME8117
RDH
RDH
RDH
RDH
RDH
RDH
RDH
RDH
RDH
RDH
RDH
RDH
RDH
RDH
RDH
RDH
RDH
RDH
RDH
RDH
RDH
RDH
RDH
RDH
RDH
RDH
RDH
DD
DD
DD
DD
DD
DD
DD
DD
DD
DD
DD
DD
DD
DD
DD
DD
DD
DD
DD
361257.63
361272.66
361017.01
361032.05
361047.08
361239.46
361147.26
361162.28
361177.32
360996.94
360981.9
360966.88
361011.97
361027
361044.07
361170.4
361067.05
360967.95
361062.01
361082.66
361119.83
361084.97
361069.94
361054.91
361039.87
361079.77
361221.5
361167.34
361182.36
361197.39
361218.44
361242.49
361212.49
361228.42
361262.36
361267.51
361282.53
361147.45
360832.56
361120.96
361166.15
361123.16
361223.93
361211.53
361211.53
361179.6
6515347.71
6515350.21
6515122.4
6515124.89
6515127.4
6515122.27
6515082.24
6515084.75
6515087.24
6515057.28
6515054.79
6515052.29
6515059.78
6515062.27
6515126.89
6515086.09
6515007.14
6515176.04
6514944.51
6515136.39
6515145.04
6514806.22
6514803.73
6514801.23
6514798.74
6515349.07
6515249.04
6515147.36
6515149.86
6515152.36
6515155.85
6515159.85
6515093.08
6515095.72
6514854.22
6515102.21
6515104.71
6514896.92
6515277.17
6515325.13
6514838.24
6515325.73
6514786.05
6514909.11
6514909.11
6514963.73
374.89
370.69
365.89
364.89
365.89
364.89
364.89
364.89
365.39
369.89
368.89
366.89
367.89
366.89
365.89
364.89
363.89
364.89
360.89
366.89
366.89
364.89
361.89
361.89
362.39
369.89
367.89
367.39
367.39
366.89
365.89
365.39
365.89
365.89
359.89
364.89
365.39
359.89
364.89
368.23
359.89
368.48
358.89
359.89
359.89
360.89
47.24
50.29
39.62
28.96
19.81
56.39
38.1
32
45.72
60.96
57.91
56.39
64.01
39.62
39.62
54.86
88.39
60.96
115.82
76.2
57.91
54.86
60.96
60.96
57.91
59.44
74.68
108.2
60.96
100.58
91.44
69.49
114.3
73.15
38.1
2.44
0.91
214.88
249.02
40.23
184.1
301.75
226.47
154.53
260.3
127.41
-90
-90
-90
-90
-90
-90
-90
-90
-90
-90
-90
-90
-90
-90
-90
-90
-60
-60
-60
-70
-60
-90
-90
-90
-90
-80
-60
-90
-90
-90
-90
-90
-90
-90
-90
-90
-90
-45
-45
-53
-45
-52
-49
-55
-55
-55
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
260.53
260.53
260.53
80.53
260.53
0
0
0
0
80.53
80.53
0
0
0
0
0
0
0
0
0
0
260.53
80.53
80.53
260.53
80.53
260.53
260.53
260.53
260.53
INCO
INCO
INCO
INCO
INCO
INCO
INCO
INCO
INCO
INCO
INCO
INCO
INCO
INCO
INCO
INCO
INCO
INCO
INCO
INCO
INCO
INCO
INCO
INCO
INCO
INCO
INCO
INCO
INCO
INCO
INCO
INCO
INCO
INCO
INCO
INCO
INCO
INCO
INCO
INCO
INCO
INCO
INCO
INCO
INCO
INCO
1969
1969
1969
1969
1969
1969
1969
1969
1969
1969
1969
1969
1969
1969
1969
1969
1969
1969
1969
1969
1969
1969
1969
1969
1969
1969
1970
1970
1970
1970
1970
1970
1970
1970
1970
1970
1970
1970
1970
1970
1970
1970
1970
1970
1970
1970
M15/103
M15/103
M15/103
M15/103
M15/103
M15/103
M15/103
M15/103
M15/103
M15/103
M15/103
M15/103
M15/103
M15/103
M15/103
M15/103
M15/103
M15/103
M15/103
M15/103
M15/103
M15/103
M15/103
M15/103
M15/103
M15/103
M15/103
M15/103
M15/103
M15/103
M15/103
M15/103
M15/103
M15/103
M15/103
M15/103
M15/103
M15/103
M15/103
M15/103
M15/103
M15/103
M15/103
M15/103
M15/103
M15/103

[email protected] widgienickel.com.au

ACN 648 687 094 Level 4, 220 St Georges Terrace Perth WA 6000

T: +61 8 63817250 F: +61 8 63817299

PO Box 7713 Cloisters Square WA 6850

09 March 2022

==> picture [40 x 23] intentionally omitted <==

Hole Hole Type East MGA94_51S North MGA94_51S RL Depth Dip Azimuth Company Year Lease
ME8117W1
ME8124
ME8125
ME8128
ME8128W1
ME8128W2
ME8129
ME8131
ME8132
ME8134
ME8140
ME8144
ME8146
ME8147
ME8154
ME8157
ME8161
ME8170
ME8171
ME8411
ME8412
ME8413
ME8414
ME8415
ME8416
ME9564
ME9565
ME9566
ME9567
ME9568
ME9569
ME9570
ME9571
ME9572
ME9575
ME9576
ME9577
ME9578
ME9579
ME9580
MERC004
MERC005
MERS051
MND1
MND3
MND99163
DD
DD
DD
DD
DD
DD
DD
DD
DD
DD
DD
DD
DD
DD
DD
DD
DD
DD
DD
Auger
Auger
Auger
Auger
Auger
Auger
UNK
UNK
UNK
UNK
UNK
UNK
UNK
UNK
UNK
UNK
UNK
UNK
UNK
UNK
UNK
RC
RC
RC
DD
DD
UNK
361179.6
361237.7
361197.28
361119.23
361119.23
361119.23
361310.82
361340.52
361252.91
361343.22
360923.24
360993.95
360872.84
360917.16
360810.18
361068.95
360772.8
361275.71
360765.75
361315.18
361333.22
361337.73
361207.38
361297.57
361312.6
361217.36
361126.21
361102.15
360992
361022.06
361052.13
361082.18
361112.25
361142.31
361132.33
361102.26
361072.21
361042.14
361012.08
360982.01
360805
360656
361131.541
361040.92
361039.98
361091.46
6514963.73
6514850.13
6515028.46
6515139.37
6515139.37
6515139.37
6514800.48
6514867.2
6514976.22
6514867.65
6514797.9
6514747.85
6514974.89
6514858.68
6515088.06
6515346.84
6515205.46
6514732.87
6515018.89
6515233.7
6515236.7
6515237.45
6515092.23
6515107.21
6515109.71
6515032.11
6515078.75
6515074.76
6515180.03
6515185.02
6515190.01
6515195.01
6515200
6515204.99
6515265.13
6515260.13
6515255.14
6515250.14
6515245.15
6515240.16
6514692
6514692
6514833.63
6514697.2
6514569.21
6514509.64
360.89
358.89
362.89
366.89
366.89
366.89
357.89
360
362.89
360
362.89
361.89
363.89
362.89
363.89
367.08
363.89
359.89
364.89
371.77
371.94
371.99
367.37
365.87
365.76
362.89
364.89
365.89
366.89
366.89
367.89
369.14
368.89
367.39
368.89
367.89
368.89
367
366.89
367.89
368.79
372.06
363.91
363.81
364.79
369.89
275.23
288.04
360.27
132.59
85.34
292
323.09
96.01
387.71
117.65
366.67
362.41
356.01
345.64
374.29
387.7
314.55
263.04
527.29
5.49
1.83
0.91
0.91
0.91
0.91
28.96
51.82
33.53
44.2
38.1
60.96
53.34
56.39
51.82
48.77
51.82
53.34
56.39
51.82
53.34
72
78
101
189.89
205.5
60.96
-55
-60
-65
-55
-55
-55
-55
-65
-65
-67
-55
-55
-60
-55
-61
-57
-60
-45
-60
-90
-90
-90
-90
-90
-90
-90
-90
-90
-90
-90
-90
-90
-90
-90
-90
-90
-90
-90
-90
-90
-59.6
-58.6
-60.4
-45
-45
-90
260.53
260.53
260.53
260.53
260.53
260.53
260.53
260.53
260.53
260.53
80.53
80.53
80.53
80.53
80.53
80.53
80.53
260.53
80.53
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
86.2
82.7
269.77
89.53
89.53
0
INCO
INCO
INCO
INCO
INCO
INCO
INCO
INCO
INCO
INCO
INCO
INCO
INCO
INCO
INCO
INCO
INCO
INCO
INCO
INCO
INCO
INCO
INCO
INCO
INCO
INCO
INCO
INCO
INCO
INCO
INCO
INCO
INCO
INCO
INCO
INCO
INCO
INCO
INCO
INCO
ESR
ESR
MELP
Anaconda
Anaconda
UNIMIN
1970
1970
1970
1970
1970
1970
1970
1970
1970
1970
1970
1970
1970
1970
1970
1970
1970
1970
1970
1970
1970
1970
1970
1970
1970
1970
1970
1970
1970
1970
1970
1970
1970
1970
1970
1970
1970
1970
1970
1970
2017
2017
2018
1970
1970
1973
M15/103
M15/103
M15/103
M15/103
M15/103
M15/103
M15/103
M15/103
M15/103
M15/103
M15/103
M15/103
M15/103
M15/103
M15/103
M15/103
M15/103
M15/103
M15/103
M15/103
M15/103
M15/103
M15/103
M15/103
M15/103
M15/103
M15/103
M15/103
M15/103
M15/103
M15/103
M15/103
M15/103
M15/103
M15/103
M15/103
M15/103
M15/103
M15/103
M15/103
M15/87
M15/87
M15/103
M15/87
M15/87
M15/87

[email protected] widgienickel.com.au

ACN 648 687 094 Level 4, 220 St Georges Terrace Perth WA 6000

T: +61 8 63817250 F: +61 8 63817299

PO Box 7713 Cloisters Square WA 6850

09 March 2022

==> picture [40 x 23] intentionally omitted <==

Hole Hole Type East MGA94_51S North MGA94_51S RL Depth Dip Azimuth Company Year Lease
MSP1
MSP53
MSP54
MSP59
WD10701
WD10703
WD12203
WD8188
WD8190
WD8193
WD8194
WD8196
WD8197
WD8200
WD9601
WD9602
WD9603
WD9604
WD9605
WD9606
WD9607
WD9608
WD9609
WD9610
WD9611
WD9612
WD9613
WD9614
WD9615
WD9616
WD9619
WD9620
WD9621
WD9622
WD9623
WD9624
WD9625
WD9626
WD9627
WD9628
WD9629
WD9630
WD9631
WD9632
WD9633
WD9634
UNK
UNK
UNK
UNK
DD
DD
DD
DD
DD
DD
DD
DD
DD
DD
RDH
RDH
RDH
RDH
RDH
RDH
RDH
RDH
RDH
RDH
RDH
RDH
RDH
RDH
RDH
RDH
RDH
RDH
RDH
RDH
RDH
RDH
RDH
RDH
RDH
RDH
RDH
RDH
RDH
RDH
RDH
RDH
361081.17
360987.04
360996.95
361027.41
360914.1
360835.55
360995.76
360718.42
360966.49
360996.77
360994.84
360925.75
360956.83
360921.59
360979.44
360986.96
360994.47
361001.98
361009.5
361007.03
360992
360976.97
360961.93
360954.42
360946.91
360939.39
360924.36
360909.32
360901.81
360916.84
360966.99
360951.95
360944.43
360936.92
360929.4
360921.88
360914.38
360891.82
360934.45
360926.94
360919.42
360911.9
360904.39
360886.89
360916.95
360901.91
6514666.54
6514562.77
6514694.84
6514517.11
6514765.49
6515123.16
6514748.16
6515134.6
6514835.05
6514779.22
6514902.47
6514983.67
6515019.72
6515075.66
6515116.16
6515117.41
6515118.65
6515119.91
6515121.15
6515182.53
6515180.03
6515177.53
6515175.04
6515173.79
6515172.54
6515171.29
6515168.8
6515166.3
6515165.05
6515167.55
6515237.66
6515235.17
6515233.92
6515232.66
6515231.42
6515230.17
6515228.93
6515225.18
6515294.05
6515292.79
6515291.54
6515290.3
6515289.05
6515347.93
6515352.92
6515350.43
362.89
364.25
361.89
367.89
362.89
363.89
363.89
365.89
361.89
363.89
360.89
361.89
362.89
363.89
367.89
367.89
366.89
366.89
365.89
367
368.89
367.89
367.89
367.89
367.89
367.89
366.89
364.89
364.89
365.89
367.89
367.89
367.89
366.89
366.89
366.89
365.89
365.89
364.8
364.8
364.7
364.4
364.4
364.3
364.9
364.8
44.2
141.73
205.74
188.98
382.52
235.92
152.4
448.97
228.89
260.29
168.86
198.11
112.47
138.38
9.14
8.23
3.66
2.74
3.66
6.4
6.4
9.14
4.57
5.49
5.49
0.91
0.91
3.66
7.32
6.4
6.4
9.14
8.23
9.14
9.14
3.66
0.91
2.74
9.14
4.57
9.14
4.57
2.74
3.66
4.57
3.66
-60
-60
-60
-60
-55
-55
-50
-52
-50
-50
-50
-50
-50
-50
-90
-90
-90
-90
-90
-90
-90
-90
-90
-90
-90
-90
-90
-90
-90
-90
-90
-90
-90
-90
-90
-90
-90
-90
-90
-90
-90
-90
-90
-90
-90
-90
89.53
89.53
89.53
89.53
80.53
80.53
260.53
80.53
80.53
80.53
80.53
80.53
80.53
80.53
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Anaconda
Anaconda
Anaconda
Anaconda
INCO
INCO
INCO
INCO
INCO
INCO
INCO
INCO
INCO
INCO
INCO
INCO
INCO
INCO
INCO
INCO
INCO
INCO
INCO
INCO
INCO
INCO
INCO
INCO
INCO
INCO
INCO
INCO
INCO
INCO
INCO
INCO
INCO
INCO
INCO
INCO
INCO
INCO
INCO
INCO
INCO
INCO
1970
1970
1970
1970
1971
1971
1971
1970
1970
1970
1970
1971
1971
1971
1970
1970
1970
1970
1970
1970
1970
1970
1970
1970
1970
1970
1970
1970
1970
1970
1970
1970
1970
1970
1970
1970
1970
1970
1970
1970
1970
1970
1970
1970
1970
1970
M15/87
M15/87
M15/87
M15/87
M15/103
M15/103
M15/103
M15/103
M15/103
M15/103
M15/103
M15/103
M15/103
M15/103
M15/103
M15/103
M15/103
M15/103
M15/103
M15/103
M15/103
M15/103
M15/103
M15/103
M15/103
M15/103
M15/103
M15/103
M15/103
M15/103
M15/103
M15/103
M15/103
M15/103
M15/103
M15/103
M15/103
M15/103
M15/103
M15/103
M15/103
M15/103
M15/103
M15/103
M15/103
M15/103

[email protected] widgienickel.com.au

ACN 648 687 094 Level 4, 220 St Georges Terrace Perth WA 6000

T: +61 8 63817250 F: +61 8 63817299

PO Box 7713 Cloisters Square WA 6850

09 March 2022

==> picture [40 x 23] intentionally omitted <==

Hole Hole Type East MGA94_51S North MGA94_51S RL Depth Dip Azimuth Company Year Lease
WD9635
WD9636
WD9637
WD9644
WD9645
WD9646
WD9653
WD9654
WD9801
WD9802
WDC156
WDC157
WDC158
WDC253
WID1619
WID1620
WID1621
WID1622
WID1623
WID1625
WID1626
WID1689
WID1698
WID1699
WID1700
WID1701
WID1702
WID1703
WID1704
WID1707
WID1711
WID1712
WID1713
WID1714
WID1719
WID1808
WID1809
WID1810
WID1811
WID1812
WID1813
WID2581
WID2583
WID2585
WID2587
WID2589
RDH
RDH
RDH
RDH
RDH
RDH
RDH
RDH
DD
DD
RC
RC
RC
RC
RC
RC
RC
RC
RC
RC
RC
RC
RC
RC
RC
RC
RC
RC
RC
RC
RC
RC
RC
DD
DD
RC
RC
RC
RC
RC
RC
RC
RC
RC
RC
RC
360886.89
360871.86
360856.82
361184.83
361192.35
361199.87
361229.93
361222.41
361291.45
361243.34
361190
361165
361080
361029.52
361153.17
361198.84
361136.15
361176.78
361174.26
361154.36
361114.79
361174.27
361194.1
361159.78
361182.29
361194.06
361161.92
361175.09
361185.15
361158.56
361112.84
361124.55
361134.6
361152.92
361064.54
361106.13
361116.61
361090.26
361072.19
361115.66
361140.7
361096.3
361078.25
361028.23
361043.93
361055.42
6515347.93
6515345.43
6515342.94
6515088.48
6515089.73
6515090.99
6515095.97
6515094.73
6514920.83
6514912.85
6514725
6514725
6514800
6514405.58
6514667.16
6514667.92
6514727.23
6514727.62
6514666.68
6514726.39
6514723.57
6514687.55
6514688.07
6514697.04
6514697.93
6514701.27
6514757.89
6514757.25
6514757.97
6514797.48
6514857.53
6514858.12
6514858.72
6514817.11
6514747.83
6514750.67
6514774.54
6514794.62
6514793.56
6514831.13
6514835.43
6514727.4
6514778.89
6514837.14
6514890.6
6514927.46
364.3
364.1
363.8
366
366
366
366
366
362.89
362.89
358
359.5
360
366.01
358.5
358.15
363.31
357.87
359.22
359.96
360.58
357.81
357.47
359.68
357.81
357.3
359.63
357.98
357.21
359.13
357.75
357.59
357.68
357.89
367.89
368.19
372.19
363.72
361.87
358.88
358.35
364.77
365.13
360.25
359.72
360.09
9.14
3.66
3.66
0.91
5.49
9.14
1.52
1.83
120
108
100
85
89
222.26
70
80
80
80
80
80
80
80
80
65
90
110
103
105
108
135
65
115
135
159
281.89
39
42
45
79.5
42
103
150
160
150
110
118
-90
-90
-90
-90
-90
-90
-90
-90
-50
-50
-60
-60
-60
-50
-60
-60
-60
-60
-60
-60
-60
-60
-60
-55
-60
-59
-56
-57
-59
-58
-59.5
-59.5
-59.5
-60
-59
-50
-50
-50
-50
-50
-50
-60
-60
-60
-60
-60
0
0
0
0
0
0
0
0
80.53
80.53
270
270
270
90
269.53
269.53
269.53
269.53
269.53
269.53
269.53
269.53
269.53
267.53
269.53
265.53
273.53
265.53
265.53
276.53
266.53
265.53
270.53
269.53
90.53
79.53
79.53
79.53
79.53
259.53
259.53
89.53
89.53
89.53
89.53
89.53
INCO
INCO
INCO
INCO
INCO
INCO
INCO
INCO
INCO
INCO
Titan
Titan
Titan
Titan
WMC
WMC
WMC
WMC
WMC
WMC
WMC
WMC
WMC
WMC
WMC
WMC
WMC
WMC
WMC
WMC
WMC
WMC
WMC
WMC
WMC
WMC
WMC
WMC
WMC
WMC
WMC
WMC
WMC
WMC
WMC
WMC
1970
1970
1970
1970
1970
1970
1970
1970
1971
1971
2004
2004
2004
2005
1991
1991
1991
1991
1991
1991
1991
1991
1991
1991
1991
1991
1991
1991
1991
1991
1991
1991
1991
1991
1993
1992
1992
1992
1992
1992
1992
1993
1993
1993
1993
1993
M15/103
M15/103
M15/103
M15/103
M15/103
M15/103
M15/103
M15/103
M15/103
M15/103
M15/103
M15/103
M15/103
M15/87
M15/87
M15/87
M15/103
M15/103
M15/87
M15/103
M15/103
M15/87
M15/87
M15/87
M15/87
M15/87
M15/103
M15/103
M15/103
M15/103
M15/103
M15/103
M15/103
M15/103
M15/103
M15/103
M15/103
M15/103
M15/103
M15/103
M15/103
M15/103
M15/103
M15/103
M15/103
M15/103

[email protected] widgienickel.com.au

ACN 648 687 094 Level 4, 220 St Georges Terrace Perth WA 6000

T: +61 8 63817250 F: +61 8 63817299

PO Box 7713 Cloisters Square WA 6850

09 March 2022

==> picture [40 x 23] intentionally omitted <==

Hole Hole Type East MGA94_51S North MGA94_51S RL Depth Dip Azimuth Company Year Lease
WID2591 RC 361075.36 6514925.34 359.78 94 -60 89.53 WMC 1993 M15/103

APPENDIX 3: SIGNIFICANT DRILL INTERSECTIONS

This is a table of all drilling intersections within the modelled domains. Low grade intersections have been included where continuity of the mineralised shape necessitated it.

Hole Length (m) From (m) To (m) Domain Ni %
HH519
HH519
HH560
ME10712
ME10717
ME10736
ME11431
ME6427
ME8101
ME8111
ME8115
ME8129
WD8190
WD8193
WDC156
WDC157
WDC158
WID1621
WID1622
WID1623
WID1625
WID1626
WID1689
WID1698
WID1700
WID1701
WID1702
WID1703
WID1704
WID1707
WID1712
WID1713
WID1714
WID1719
WID1719
WID1811
WID1813
WID2581
14.215
3.847
1.37
8.13
31.951
0.408
3.05
13.72
3.056
0.398
1.28
6.173
1.512
6.076
6
5
9.51
3
3
1
17.005
3
6
2
4
1.989
5.997
10.968
3.021
5.983
1.996
1.021
1.003
15.78
1.121
6.014
1.003
8
29.375
43.853
53.19
151.87
74.452
252.338
45.72
12.19
127.561
111.452
140.228
218.215
175.291
209.4
68
46
0
49
56
27
48.998
21
31
43.001
40
51.993
96.004
91.028
100
102.026
96.01
122.053
107.931
82.68
183.121
15.975
81.006
56
43.59
47.7
54.56
160
106.404
252.746
48.77
25.91
130.617
111.851
141.508
224.388
176.803
215.476
74
51
9.51
52
59
28
66.003
24
37
45.001
44
53.981
102
101.995
103.021
108.009
98.006
123.075
108.934
98.46
184.242
21.989
82.01
64
98
98
98
98
98
98
98
98
98
98
98
98
98
98
98
98
98
98
98
98
98
98
98
98
98
98
98
98
98
98
98
98
98
98
98
98
98
98
0.205
1.059
0.43
1.713
0.534
0
0.452
0.289
0.599
0.466
1.776
0.934
0.406
0.416
0.599
0.517
0.094
0.135
0.608
0.521
1.081
0.183
0.516
0.163
1.25
0.513
0.351
0.957
3.719
0.43
0.67
0.415
1.509
0.006
1.647
0.428
0.486
0.638

[email protected] widgienickel.com.au

ACN 648 687 094 Level 4, 220 St Georges Terrace Perth WA 6000

T: +61 8 63817250 F: +61 8 63817299

PO Box 7713 Cloisters Square WA 6850

09 March 2022

==> picture [40 x 23] intentionally omitted <==

Hole Length (m) From (m) To (m) Domain Ni %
WID2585
HH560
ME10705
ME10706
ME10708
ME10711
ME10712
ME10715
ME10717
ME10723
ME10726
ME10727
ME10729
ME10733
ME10734
ME10736
ME11431
ME5852
ME5859
ME5862
ME5863
ME5870
ME5871
ME5888
ME5889
ME5897
ME5897W1
ME5897W2
ME6016
ME6231
ME6272
ME6277
ME6278
ME8101
ME8108
ME8111
ME8115
ME8116W1
ME8117W1
ME8124
ME8125
ME8128W2
ME8129
ME8132
ME8140
ME8146
2
4.395
2.445
2.687
3.487
17.947
1.816
4.485
4.603
18.228
12.83
5.661
1.59
1.043
1.44
4.322
3.37
8.763
6.191
7.602
10.103
3.045
3.158
3.188
1.866
19.014
11.249
27.144
4.698
6.416
6.174
10.562
4.566
19.567
0.429
9.627
10.074
24.957
15.96
2.164
23.609
1.623
7.338
3.266
14.759
33.309
106
29.914
385.852
213.244
326.69
305.742
148.09
303.291
110.928
116.182
263.504
181.446
225.518
418.645
176.461
247.808
21.263
114.188
110.19
98.45
226.555
137.572
101.867
131.69
294.647
308.646
309.701
309.47
58.735
54.544
61.038
50.398
44.052
103.333
80.536
97.891
112.861
171.65
187.378
195.68
246.612
232.954
207.874
299.821
336.465
292.947
108
34.309
388.297
215.931
330.177
323.689
149.906
307.775
115.531
134.41
276.334
187.107
227.107
419.688
177.901
252.13
24.633
122.951
116.381
106.052
236.658
140.616
105.026
134.877
296.513
327.66
320.95
336.614
63.434
60.96
67.212
60.96
48.618
122.899
80.965
107.518
122.935
196.608
203.338
197.844
270.221
234.577
215.212
303.086
351.224
326.255
98
99
99
99
99
99
99
99
99
99
99
99
99
99
99
99
99
99
99
99
99
99
99
99
99
99
99
99
99
99
99
99
99
99
99
99
99
99
99
99
99
99
99
99
99
99
0.545
0.263
1.345
0.447
0.662
0.735
0.412
0.789
2.797
0
0.505
0.637
0.991
0.816
0.414
0
0.442
0.761
0.694
0.641
0.864
0.601
0.333
0.646
0.968
0.907
0.927
0.909
0.6
1.044
0.478
0.737
0.75
0.866
0.579
1.119
0.842
0.826
0.869
0.804
0.741
0.353
1.416
0.324
1.613
0.824
ME8147 5.53 263.507 269.036 99 0.595

ACN 648 687 094 PO Box 7713 T: +61 8 63817250 [email protected] Level 4, 220 St Georges Terrace Cloisters Square WA 6850 F: +61 8 63817299 widgienickel.com.au Perth WA 6000

09 March 2022

==> picture [40 x 23] intentionally omitted <==

Hole Length (m) From (m) To (m) Domain Ni %
ME8154
ME8161
MERS051
WD10701
WD10703
WD8188
WD8190
WD8193
WD8194
WD8196
WD8197
WD8200
WDC156
WDC157
WDC158
WID1620
WID1621
WID1622
WID1623
WID1625
WID1689
WID1698
WID1700
WID1701
WID1702
WID1703
WID1704
WID1707
WID1711
WID1712
WID1713
WID1714
WID1719
WID1808
WID1810
WID1811
WID1812
WID1813
WID2583
WID2583
WID2585
WID2587
2.864
2.689
16.171
10.32
5.363
5.888
0.898
1.662
36.348
2.02
1.308
11.039
17.803
11.007
17.264
1.049
5.12
11.948
10.904
8.847
11.862
1.042
6.834
3.016
0.969
6.937
9.093
9.591
9.913
18.634
9.328
0.986
2.981
17.99
28.734
17.092
6.085
7.154
18.635
0.146
17.805
5.705
345.087
285.553
78.84
357.606
173.711
423.978
185.796
248.908
107.138
171.163
92.558
83.01
48.142
26.118
38
47.809
11.71
43.97
7.999
24.978
17.06
39.07
31.928
44.981
61.927
67
72.024
91.121
55.087
74.312
104.905
103.899
186.718
19.78
12.225
45.037
35.915
72.88
117.853
159.854
110.076
12.385
347.951
288.242
95.011
367.926
179.074
429.865
186.694
250.57
143.486
173.183
93.865
94.048
65.945
37.125
55.264
48.858
16.83
55.918
18.902
33.824
28.922
40.112
38.761
47.997
62.896
73.937
81.117
100.712
65
92.945
114.233
104.886
189.7
37.77
40.959
62.128
42
80.033
136.488
160
127.881
18.09
99
99
99
99
99
99
99
99
99
99
99
99
99
99
99
99
99
99
99
99
99
99
99
99
99
99
99
99
99
99
99
99
99
99
99
99
99
99
99
99
99
99
1.228
1.131
0.532
0.841
0.731
0.707
0.521
0.581
1.193
0.868
0.397
0.595
0.932
0.945
0.744
0.682
1.085
1.179
0.703
0.508
0.683
0.659
1.163
0.826
0.523
0.431
0.614
1.839
0.516
0.705
0.435
0.637
0.368
0.694
0.632
0.133
0.908
0.886
0.511
0.016
0.539
0.476
0.559
WID2589 21.91 0 21.91 99

[email protected] widgienickel.com.au

ACN 648 687 094 Level 4, 220 St Georges Terrace Perth WA 6000

T: +61 8 63817250 F: +61 8 63817299

PO Box 7713 Cloisters Square WA 6850