Drilling confirms continuity of cobalt and nickel mineralisation€¦ ·  · 2018-02-15and nickel...

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ASX & Media Release 15 February 2018 ASX Symbol ARL Ardea Resources Limited Suite 2 / 45 Ord St West Perth WA 6005 PO Box 1433 West Perth WA 6872 Telephone +61 8 6244 5136 Email [email protected] Website www.ardearesources.com.au Directors Katina Law Chair Matt Painter Managing Director Ian Buchhorn Technical Executive Director Wayne Bramwell Non-Executive Director Issued Capital Fully Paid Ordinary Shares 83,341,081 Unlisted options exercisable at $0.25 12,310,022 Unlisted Loyalty options exercisable at $0.77 17,845,774 Directors/Employee Performance Rights 4,230,000 ABN 30 614 289 342 Drilling confirms continuity of cobalt and nickel mineralisation RC drilling at Goongarrie Nickel-Cobalt Project to improve confidence and upgrade resources delivers better than expected results Final stages of Pre-Feasibility Study refinement to optimise the flowsheet for the Goongarrie Nickel Cobalt Project. Infill RC drilling confirms continuity of mineralisation in optimised pit footprint areas: o Ensures reliability of modelling and mine scheduling. o Providing samples for variability test work and marketing studies Better than expected intercepts are from outside the areas planned for early stage mining, including: AGSR0005 32 m at 0.09 % cobalt and 1.06 % nickel from 16 m 1 including 14 m at 0.15 % cobalt and 1.46 % nickel from 22 m 2 AGSR0009 56 m at 0.07 % cobalt and 1.09 % nickel from 12 m 1 including 16 m at 0.11 % cobalt and 1.20 % nickel from 30 m 2 AGSR0015 32 m at 0.08 % cobalt and 0.87 % nickel from 32 m 1 including 24 m at 0.10 % cobalt and 0.99 % nickel from 36 m 2 Many of these intercepts are from the Elsie South deposit, adjacent to the proposed plant site. RC drilling is ongoing. Further results to be reported once compiled. Diamond drilling has commenced: o Will provide QAQC confidence in RC drilling results, o Primary source for metallurgical variability test work samples. o Source for production of marketing samples. 1 Calculated using a 0.50 % nickel cut-off, 2 m minimum intercept, and 4 m maximum internal waste. 2 Calculated using a 0.08 % cobalt cut-off, 2 m minimum intercept, and 4 m maximum internal waste.

Transcript of Drilling confirms continuity of cobalt and nickel mineralisation€¦ ·  · 2018-02-15and nickel...

Page 1: Drilling confirms continuity of cobalt and nickel mineralisation€¦ ·  · 2018-02-15and nickel mineralisation RC drilling at Goongarrie Nickel-Cobalt Project to improve confidence

ASX & Media Release

15 February 2018

ASX Symbol

ARL

Ardea Resources Limited

Suite 2 / 45 Ord St West Perth WA 6005

PO Box 1433 West Perth WA 6872

Telephone

+61 8 6244 5136

Email

[email protected]

Website

www.ardearesources.com.au

Directors

Katina Law Chair

Matt Painter Managing Director

Ian Buchhorn Technical Executive Director

Wayne Bramwell Non-Executive Director

Issued Capital

Fully Paid Ordinary Shares 83,341,081

Unlisted options exercisable at $0.25 12,310,022

Unlisted Loyalty options exercisable at $0.77 17,845,774

Directors/Employee Performance Rights 4,230,000

ABN 30 614 289 342

Drilling confirms continuity of cobalt and nickel mineralisation

RC drilling at Goongarrie Nickel-Cobalt Project to improve confidence and upgrade resources delivers better than expected results

• Final stages of Pre-Feasibility Study refinement to optimise the

flowsheet for the Goongarrie Nickel Cobalt Project.

• Infill RC drilling confirms continuity of mineralisation in optimised pit

footprint areas:

o Ensures reliability of modelling and mine scheduling.

o Providing samples for variability test work and marketing studies

• Better than expected intercepts are from outside the areas planned

for early stage mining, including:

AGSR0005 32 m at 0.09 % cobalt and 1.06 % nickel from 16 m1

including 14 m at 0.15 % cobalt and 1.46 % nickel from 22 m2

AGSR0009 56 m at 0.07 % cobalt and 1.09 % nickel from 12 m1

including 16 m at 0.11 % cobalt and 1.20 % nickel from 30 m2

AGSR0015 32 m at 0.08 % cobalt and 0.87 % nickel from 32 m1

including 24 m at 0.10 % cobalt and 0.99 % nickel from 36 m2

• Many of these intercepts are from the Elsie South deposit, adjacent

to the proposed plant site.

• RC drilling is ongoing. Further results to be reported once compiled.

• Diamond drilling has commenced:

o Will provide QAQC confidence in RC drilling results,

o Primary source for metallurgical variability test work samples.

o Source for production of marketing samples.

1 Calculated using a 0.50 % nickel cut-off, 2 m minimum intercept, and 4 m maximum internal waste. 2 Calculated using a 0.08 % cobalt cut-off, 2 m minimum intercept, and 4 m maximum internal waste.

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Work on the Pre-Feasibility Study (PFS) for the Goongarrie Nickel-Cobalt Project is continuing. Refinement

of various models, including financial, resource, and mining models, is reaching its final stages with a view

to optimising efficiencies throughout the mining and production processes. Iterative developments, such

as the incorporation of acid neutralisers from in-pit mineralised carbonates and optimisation of available

ground and process water and process water can further enhance the project and ensure maximum

recovery of cobalt and nickel.

Ardea continues to assess opportunities that could further realise efficiencies in development and mining

at Goongarrie. Several option studies are underway that could have a material positive impact upon the

project. The company is working hard to complete these in the scheduled timeframe.

The aim of the Company is to develop a long-lived, multi-decade mine that will produce nickel sulphate

and cobalt sulphate for the expanding battery industry. A 1 Mtpa project is the base case development

scenario being assessed by Ardea, with scoping at several higher throughput scenarios. Ardea must

demonstrate robust resources and reserves, mining schedules, and high-purity pilot marketing samples of

cobalt sulphate and nickel sulphate for third party evaluation. To this end, drilling continues at Goongarrie.

RC drilling program results

RC drilling commenced at Goongarrie at the end of November 2017. This program is specifically targeting

an increase drill hole density, and therefore resource confidence and classification, in open pit targets

defined by early-stage optimisation studies. These pits will centre on known cobalt and nickel orebodies

which are shown in Figure 1.

New results from this program show significant mineralisation, as expected, at the Goongarrie Nickel-

Cobalt Project. RC drilling has initially focused on the Pamela West and Elsie South deposits (Figure 1).

The results of that drilling comprising the first 43 drill holes are presented in Appendix 1, with highlights

shown below.

Pamela West deposit3

6669840 mN section

AGSR0001 24 m at 0.07 % cobalt and 0.62 % nickel from 8.3 m4

including 4 m at 0.21 % cobalt and 0.85 % nickel from 14.3 m5

AGSR0002 22 m at 0.07 % cobalt and 1.04 % nickel from 8 m4

including 2 m at 0.20 % cobalt and 0.90 % nickel from 10 m5

6669760 mN section

AGSR0005 32 m at 0.09 % cobalt and 1.06 % nickel from 16 m4

including 14 m at 0.15 % cobalt and 1.46 % nickel from 22 m5

3 Drillholes for the Pamela West deposit are listed first by section (north to south), then by hole west to east 4 Calculated using a 0.50 % nickel cut-off, 2 m minimum intercept, and 4 m maximum internal waste. 5 Calculated using a 0.08 % cobalt cut-off, 2 m minimum intercept, and 4 m maximum internal waste.

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Figure 1 - Deposits of the Goongarrie Nickel-Cobalt Project, from Sylvia Virginia in the north to Scotia Dam in the south, a distance of 16 km. Active mining tenements are outlined in black. Deposits are marked by significant cobalt and nickel mineralisation and are encased within the overall nickel envelope (green, Ni>0.5%). Mining schedules are being finalised, but initial mining is likely to occur at Patricia Anne and Pamela Jean. These and the Elsie Tynan deposits are the current focus of drilling. RC drilling has also commenced further south at the Mavis Irene and Canegrass South deposits at Big Four.

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Elsie South deposit6

6667760 mN section

AGSR0022 14 m at 0.06 % cobalt and 0.75 % nickel from 28 m7

including 4 m at 0.11 % cobalt and 0.79 % nickel from 38 m8

AGSR0026 26 m at 0.06 % cobalt and 0.99 % nickel from 10 m7

including 8 m at 0.10 % cobalt and 1.28 % nickel from 22 m8

6667680 mN section

AGSR0009 56 m at 0.07 % cobalt and 1.09 % nickel from 12 m7

including 16 m at 0.11 % cobalt and 1.20 % nickel from 30 m8

6667600 mN section

AGSR0015 32 m at 0.08 % cobalt and 0.87 % nickel from 32 m7

including 24 m at 0.10 % cobalt and 0.99 % nickel from 36 m8

Results from the drilling to date show strong continuity between drill holes. This is a hallmark of the

Goongarrie Project in particular and of several ‘goethite´ style (yellow) laterite nickel-cobalt deposits in

general. It contrasts sharply with the more siliceous and nontronitic style (green) laterite deposits which

can exhibit marked variation between holes.

Resource confidence continues to grow with this drilling verifying continuity. This will ensure that mining

schedules are easily and reliably modelled, and that resources provide an accurate estimate of in-ground

metal values and reliable plant feed. As a result, there is high confidence in the various mineralisation

models constructed for the PFS.

At Pamela West, mineralisation commonly starts within 10 m of surface, whereas lacustrine clay cover at

Elsie South means that mineralisation is usually deeper though commonly within 15 m of surface. Grades

at Elsie South are generally lower, but this deposit has the advantage of close proximity to the planned

plant site.

All defined intercepts from the program are listed in Appendix 3.

Scandium results

Scandium levels at Pamela West and Elsie South are typically low, generally around 50 g/t, but with

thicknesses of up to 20 m. Notable intercepts include:

AGSR0016 20 m at 50 g/t scandium and 0.671 % nickel from 10 m9

AGSR0039 4 m at 80 g/t scandium and 0.971 % nickel from 34 m9

Scandium is being assayed systematically throughout all current and future programs with the aim of better

defining the scandium opportunity within the Goongarrie Nickel-Cobalt Project.

6 Drillholes for the Elsie South deposit are listed first by section (north to south), then by hole west to east 7 Calculated using a 0.50 % nickel cut-off, 2 m minimum intercept, and 4 m maximum internal waste. 8 Calculated using a 0.08 % cobalt cut-off, 2 m minimum intercept, and 4 m maximum internal waste. 9 Calculated using a 50 g/t scandium cut-off, 2 m minimum intercept, and 4 m maximum internal waste

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Figure 2 – Location of new drilling (white dots, abbreviated hole number) at Pamela West and Elsie South (with several holes at the southern end of Elsie Tynan). Dark dots show historic drill collars.

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Figure 3 – Cross section of nickel, cobalt, and scandium mineralisation at the 6669840mN section across Pamela West (northernmost section of this current program). Nearly all of the mineralisation is located between the base of alluvium and the top of saprock. Various mineralised envelopes mark the upper and lower extent of the threshold grades depicted. Significant intercepts are shown

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Figure 4 – Cross section of nickel, cobalt, and scandium mineralisation at the 6667680mN section across Elsie South. Nearly all of the mineralisation is located between the base of alluvium and the top of saprock. Various mineralised envelopes mark the upper and lower extent of the threshold grades depicted. Significant intercepts are shown.

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Ongoing drilling at Goongarrie

Drilling is currently underway at the Patricia Anne deposit (Figure 1) where initial logging of holes indicates

that strong mineralisation has been intercepted near to surface, validating historic RC drilling in the area.

Drilling has also commenced at the Mavis Irene and Canegrass South deposits at Big Four (Figure 1).

Results will be released as they come to hand.

Recent RC drilling at Goongarrie South has infilled between historic drill holes to bring the drill hole density

down from 80mE x 80mN to 40mE x 80mN. The rationale for the drilling is:

• To upgrade resource (and ultimately reserve) definition and classification

• To define and quantify variability between drill holes

• To provide additional material for DFS test work and for producing marketing samples for third

party assessment.

This current phase of drilling (3,700m of drilling in 96 drill holes) will bring all areas marked as a future

open pit mine down to at least a 40mE x 80mN drilling density.

This will lead directly onto a second phase of drilling (199 drill holes for over 7,600m) to bring the drilling

density down to 40mE x 40mN. This is expected to get underway in the coming weeks upon completion

of Phase 1.

Diamond and sonic drilling

Diamond drilling has commenced at Goongarrie. Large diameter PQ triple-tubed diamond drilling is being

undertaken to maximise retrieval of soft, high-grade mineralisation. There are several important aims for

this program:

1. To verify QAQC for existing and forthcoming RC drill holes through twinning.

2. To provide additional sampling of the proposed pits at regular intervals to ensure representivity of

all results.

3. To provide material to produce marketing samples of cobalt sulphate and nickel sulphate for third

party evaluation.

A sonic drill rig, which specialises in retrieval of soft material such as that found in high-grade zones at

Goongarrie, is scheduled to arrive on site in mid-March to complement the diamond drilling. A total of 45

core holes are planned for 2,160m of drilling at various deposits at Goongarrie.

For further information regarding Ardea, please visit www.ardearesources.com.au or contact:

Ardea Resources:

Dr Matt Painter

Managing Director, Ardea Resources Limited

Tel +61 8 6244 5136

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Compliance Statement (JORC 2012)

A competent person’s statement for the purposes of Listing Rule 5.22 has previously been announced by the Company for:

1. Kalgoorlie Nickel Project on 21 October 2013 and 31 June 2014, October 2016, 2016 Heron Resources Annual Report and 6 January 2017;

2. KNP Cobalt Zone Study on 6 January 2017

The Company confirms that it is not aware of any new information or data that materially affects information included in previous announcements, and all material assumptions and technical parameters underpinning the estimates continue to apply and have not materially changed. All projects will be subject to new work programs following the listing of Ardea, notably drilling, metallurgy and JORC Code 2012 resource estimation as applicable.

The information in this report that relates to KNP Exploration Results is based on information originally compiled by previous and current full time employees of Heron Resources Limited and after February 2017 employees of Ardea Resource Limited. The Exploration Results and data collection processes have been reviewed, verified and re-interpreted by Mr Ian Buchhorn who is a Member of the Australasian Institute of Mining and Metallurgy and currently a director of Ardea Resources Limited. Mr Buchhorn has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the exploration activities 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 Buchhorn consents to the inclusion in this report of the matters based on his information in the form and context that it appears.

The exploration and industry benchmarking summaries are based on information reviewed by Dr Matthew Painter, who is a Member of the Australian Institute of Geoscientists. Dr Painter is a full-time employee and a director of Ardea Resources Limited and 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 2012 edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Dr Painter has reviewed this press release and consents to the inclusion in this report of the information in the form and context in which it appears.

CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION

This news release contains forward-looking statements and forward-looking information within the meaning of applicable Australian securities laws, which are based on expectations, estimates and projections as of the date of this news release.

This forward-looking information includes, or may be based upon, without limitation, estimates, forecasts and statements as to management’s expectations with respect to, among other things, the timing and ability to complete the Ardea spin-out, the timing and amount of funding required to execute the Company’s exploration, development and business plans, capital and exploration expenditures, the effect on the Company of any changes to existing legislation or policy, government regulation of mining operations, the length of time required to obtain permits, certifications and approvals, the success of exploration, development and mining activities, the geology of the Company’s properties, environmental risks, the availability of labour, the focus of the Company in the future, demand and market outlook for precious metals and the prices thereof, progress in development of mineral properties, the Company’s ability to raise funding privately or on a public market in the future, the Company’s future growth, results of operations, performance, and business prospects and opportunities. Wherever possible, words such as “anticipate”, “believe”, “expect”, “intend”, “may” and similar expressions have been used to identify such forward-looking information. Forward-looking information is based on the opinions and estimates of management at the date the information is given, and on information available to management at such time. Forward-looking information involves significant risks, uncertainties, assumptions and other factors that could cause actual results, performance or achievements to differ materially from the results discussed or implied in the forward-looking information. These factors, including, but not limited to, the ability to complete the Ardea spin-out on the basis of the proposed terms and timing or at all, fluctuations in currency markets, fluctuations in commodity prices, the ability of the Company to access sufficient capital on favourable terms or at all, changes in national and local government legislation, taxation, controls, regulations, political or economic developments in Australia or other countries in which the Company does business or may carry on business in the future, operational or technical difficulties in connection with exploration or development activities, employee relations, the speculative nature of mineral exploration and development, obtaining necessary licenses and permits, diminishing quantities and grades of mineral reserves, contests over title to properties, especially title to undeveloped properties, the inherent risks involved in the exploration and development of mineral properties, the uncertainties involved in interpreting drill results and other geological data, environmental hazards, industrial accidents, unusual or unexpected formations, pressures, cave-ins and flooding, limitations of insurance coverage and the possibility of project cost overruns or unanticipated costs and expenses, and should be considered carefully. Many of these uncertainties and contingencies can affect the Company’s actual results and could cause actual results to differ materially from those expressed or implied in any forward-looking statements made by, or on behalf of, the Company. Prospective investors should not place undue reliance on any forward-looking information.

Although the forward-looking information contained in this news release is based upon what management believes, or believed at the time, to be reasonable assumptions, the Company cannot assure prospective purchasers that actual results will be consistent with such forward-looking information, as there may be other factors that cause results not to be as anticipated, estimated or intended, and neither the Company nor any other person assumes responsibility for the accuracy and completeness of any such forward-looking information. The Company does not undertake, and assumes no obligation, to update or revise any such forward-looking statements or forward-looking information contained herein to reflect new events or circumstances, except as may be required by law.

No stock exchange, regulation services provider, securities commission or other regulatory authority has approved or

disapproved the information contained in this news release.

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Appendix 1 – Collar location data

New drill holes by Ardea Resources

Drill hole Type Depth

(m) Date

completed Tenement

Grid

Easting (mE)

Northing (mN)

RL (mASL)

Dip (°)

Azimuth (°)

AGSR0001 RC 40.3 24/11/2017 M29/00272 PamelaWest MGA94_51 322820 6669840 375 -90 000

AGSR0002 RC 46.3 26/11/2017 M29/00272 PamelaWest MGA94_51 322740 6669840 375 -90 000

AGSR0003 RC 49.3 26/11/2017 M29/00272 PamelaWest MGA94_51 322660 6669840 375 -90 000

AGSR0004 RC 67 6/12/2017 M29/00272 PamelaWest MGA94_51 322740 6669760 375 -90 000

AGSR0005 RC 62 6/12/2017 M29/00272 PamelaWest MGA94_51 322660 6669760 375 -90 000

AGSR0006 RC 56 6/12/2017 M29/00272 ElsieSouth MGA94_51 323540 6667680 375 -90 000

AGSR0007 RC 59 7/12/2017 M29/00272 ElsieSouth MGA94_51 323460 6667680 375 -90 000

AGSR0008 RC 59 8/12/2017 M29/00272 ElsieSouth MGA94_51 323380 6667680 375 -90 000

AGSR0009 RC 68 9/12/2017 M29/00272 ElsieSouth MGA94_51 323300 6667680 375 -90 000

AGSR0010 RC 68 9/12/2017 M29/00272 ElsieSouth MGA94_51 323220 6667680 375 -90 000

AGSR0011 RC 56 10/12/2017 M29/00272 ElsieSouth MGA94_51 323140 6667680 375 -90 000

AGSR0012 RC 89 11/12/2017 M29/00272 ElsieSouth MGA94_51 323100 6667600 375 -90 000

AGSR0013 RC 74 11/12/2017 M29/00272 ElsieSouth MGA94_51 323140 6667600 375 -90 000

AGSR0014 RC 70 12/12/2017 M29/00272 ElsieSouth MGA94_51 323180 6667600 375 -90 000

AGSR0015 RC 74 12/12/2017 M29/00272 ElsieSouth MGA94_51 323220 6667600 375 -90 000

AGSR0016 RC 41 12/12/2017 M29/00272 ElsieSouth MGA94_51 323300 6667600 375 -90 000

AGSR0017 RC 46 12/12/2017 M29/00272 ElsieSouth MGA94_51 323380 6667600 375 -90 000

AGSR0018 RC 35 13/12/2017 M29/00272 ElsieSouth MGA94_51 323460 6667600 375 -90 000

AGSR0019 RC 35 13/12/2017 M29/00272 ElsieSouth MGA94_51 323460 6667520 375 -90 000

AGSR0020 RC 46 13/12/2017 M29/00272 ElsieSouth MGA94_51 323380 6667520 375 -90 000

AGSR0021 RC 65 13/12/2017 M29/00272 ElsieSouth MGA94_51 323140 6667760 375 -90 000

AGSR0022 RC 47 14/12/2017 M29/00272 ElsieSouth MGA94_51 323220 6667760 375 -90 000

AGSR0023 RC 38 14/12/2017 M29/00272 ElsieSouth MGA94_51 323300 6667760 375 -90 000

AGSR0024 RC 44 14/12/2017 M29/00272 ElsieSouth MGA94_51 323380 6667760 375 -90 000

AGSR0025 RC 41 14/12/2017 M29/00272 ElsieSouth MGA94_51 323460 6667760 375 -90 000

AGSR0026 RC 41 14/12/2017 M29/00272 ElsieSouth MGA94_51 323540 6667760 375 -90 000

AGSR0027 RC 47 15/12/2017 M29/00272 ElsieTynan MGA94_51 322860 6667840 375 -90 000

AGSR0028 RC 47 15/12/2017 M29/00272 ElsieTynan MGA94_51 322900 6667840 375 -90 000

AGSR0029 RC 53 15/12/2017 M29/00272 ElsieTynan MGA94_51 322980 6667840 375 -90 000

AGSR0030 RC 47 15/12/2017 M29/00272 ElsieTynan MGA94_51 323060 6667840 375 -90 000

AGSR0031 RC 44 18/12/2017 M29/00272 ElsieSouth MGA94_51 323220 6667840 375 -90 000

AGSR0032 RC 47 18/12/2017 M29/00272 ElsieSouth MGA94_51 323300 6667840 375 -90 000

AGSR0033 RC 33 18/12/2017 M29/00272 ElsieSouth MGA94_51 323380 6667840 375 -90 000

AGSR0034 RC 48 18/12/2017 M29/00272 ElsieSouth MGA94_51 323460 6667840 375 -90 000

AGSR0035 RC 45 18/12/2017 M29/00272 ElsieSouth MGA94_51 323540 6667840 375 -90 000

AGSR0036 RC 33 19/12/2017 M29/00272 ElsieSouth MGA94_51 323300 6667920 375 -90 000

AGSR0037 RC 39 19/12/2017 M29/00272 ElsieSouth MGA94_51 323380 6667920 375 -90 000

AGSR0038 RC 36 19/12/2017 M29/00272 ElsieSouth MGA94_51 323460 6667920 375 -90 000

AGSR0039 RC 63 19/12/2017 M29/00272 ElsieSouth MGA94_51 323540 6667920 375 -90 000

AGSR0040 RC 36 19/12/2017 M29/00272 ElsieSouth MGA94_51 323500 6668000 375 -90 000

AGSR0041 RC 39 20/12/2017 M29/00272 ElsieSouth MGA94_51 323460 6668000 375 -90 000

AGSR0042 RC 38 20/12/2017 M29/00272 ElsieSouth MGA94_51 323420 6668000 375 -90 000

AGSR0043 RC 30 20/12/2017 M29/00272 ElsieSouth MGA94_51 323380 6668000 375 -90 000

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Appendix 2 – Assay results from Goongarrie South All assays from the 2017 drilling program at Pamela Jean Deeps, Goongarrie South.

Abbreviations used: Co – cobalt, Ni – nickel, Sc – scandium, Cr – chromium, m – metre, g/t – grams per

tonne, b.d. – below detection.

Hole From (m)

To (m)

Width (m)

Sample number

Co (%)

Ni (%)

Sc (g/t)

Cr (ppm)

AGSR0001 0 2.3 2.3 AR000001 0.001 0.021 10 410

AGSR0001 2.3 4.3 2 AR000002 0.016 0.079 20 1340

AGSR0001 4.3 6.3 2 AR000003 0.007 0.064 40 2130

AGSR0001 6.3 8.3 2 AR000004 0.018 0.155 40 3080

AGSR0001 8.3 10.3 2 AR000005 0.041 0.706 40 3230

AGSR0001 10.3 12.3 2 AR000006 0.024 0.468 40 3560

AGSR0001 12.3 14.3 2 AR000007 0.046 0.757 40 3340

AGSR0001 14.3 16.3 2 AR000009 0.08 0.815 60 3660

AGSR0001 16.3 18.3 2 AR000010 0.338 0.886 40 3150

AGSR0001 18.3 20.3 2 AR000011 0.077 0.754 30 4010

AGSR0001 20.3 22.3 2 AR000012 0.038 0.639 20 2470

AGSR0001 22.3 24.3 2 AR000013 0.027 0.426 10 1850

AGSR0001 24.3 26.3 2 AR000014 0.037 0.502 10 1860

AGSR0001 26.3 28.3 2 AR000015 0.038 0.459 10 1930

AGSR0001 28.3 30.3 2 AR000016 0.028 0.334 10 1450

AGSR0001 30.3 32.3 2 AR000017 0.073 0.645 10 2180

AGSR0001 32.3 34.3 2 AR000019 0.037 0.343 b.d. 865

AGSR0001 34.3 36.3 2 AR000020 0.018 0.319 b.d. 680

AGSR0001 36.3 38.3 2 AR000021 0.011 0.291 b.d. 555

AGSR0001 38.3 40.3 2 AR000022 0.007 0.222 b.d. 610

AGSR0002 0 2 2 AR000023 0.003 0.052 b.d. 490

AGSR0002 2 4 2 AR000024 0.004 0.068 10 660

AGSR0002 4 6 2 AR000025 0.006 0.145 30 1950

AGSR0002 6 8 2 AR000026 0.018 0.38 40 4540

AGSR0002 8 10 2 AR000027 0.041 0.666 20 2120

AGSR0002 10 12 2 AR000029 0.201 0.895 40 8250

AGSR0002 12 14 2 AR000030 0.064 0.925 40 11200

AGSR0002 14 16 2 AR000031 0.049 1.07 50 12200

AGSR0002 16 18 2 AR000032 0.057 1.07 50 12300

AGSR0002 18 20 2 AR000033 0.069 1.5 40 11300

AGSR0002 20 22 2 AR000034 0.056 1.22 30 10600

AGSR0002 22 24 2 AR000035 0.059 1.45 40 19300

AGSR0002 24 26 2 AR000036 0.052 1.26 30 17700

AGSR0002 26 28 2 AR000037 0.045 0.8 20 14600

AGSR0002 28 30 2 AR000039 0.056 0.551 b.d. 11400

AGSR0002 30 32 2 AR000040 0.039 0.339 b.d. 6990

AGSR0002 32 34 2 AR000041 0.015 0.205 b.d. 5170

AGSR0002 34 36 2 AR000042 0.012 0.187 b.d. 3120

AGSR0002 36 38 2 AR000043 0.011 0.171 b.d. 2850

AGSR0002 38 40 2 AR000044 0.011 0.165 b.d. 2290

AGSR0002 40 42 2 AR000045 0.013 0.179 b.d. 4180

AGSR0002 42 44 2 AR000046 0.013 0.198 b.d. 4820

AGSR0002 44 46 2 AR000047 0.016 0.24 b.d. 4260

AGSR0003 0 2.3 2.3 AR000049 0.002 0.029 10 625

AGSR0003 2.3 4.3 2 AR000050 0.004 0.045 40 1640

AGSR0003 4.3 6.3 2 AR000051 0.002 0.029 30 2120

AGSR0003 6.3 8.3 2 AR000052 0.002 0.027 50 3540

AGSR0003 8.3 10.3 2 AR000053 b.d. 0.009 b.d. 1190

AGSR0003 10.3 12.3 2 AR000054 0.002 0.028 b.d. 1850

AGSR0003 12.3 14.3 2 AR000055 0.005 0.135 20 4930

AGSR0003 14.3 16.3 2 AR000056 0.006 0.142 10 4290

AGSR0003 16.3 18.3 2 AR000057 0.011 0.395 20 6140

AGSR0003 18.3 20.3 2 AR000059 0.019 0.794 40 7480

AGSR0003 20.3 22.3 2 AR000060 0.027 1.06 50 8820

AGSR0003 22.3 24.3 2 AR000061 0.018 0.64 20 7640

AGSR0003 24.3 26.3 2 AR000062 0.021 0.696 20 7210

AGSR0003 26.3 28.3 2 AR000063 0.037 1.05 30 10300

AGSR0003 28.3 30.3 2 AR000064 0.039 0.861 10 6980

AGSR0003 30.3 32.3 2 AR000065 0.026 0.457 10 3980

AGSR0003 32.3 34.3 2 AR000066 0.027 0.304 b.d. 2250

AGSR0003 34.3 36.3 2 AR000067 0.015 0.188 b.d. 1510

AGSR0003 36.3 38.3 2 AR000069 0.015 0.18 b.d. 2010

AGSR0003 38.3 40.3 2 AR000070 0.016 0.209 b.d. 3140

AGSR0003 40.3 42.3 2 AR000071 0.019 0.242 b.d. 3540

AGSR0003 42.3 44.3 2 AR000072 0.021 0.267 b.d. 3440

AGSR0003 44.3 46.3 2 AR000073 0.017 0.281 b.d. 6270

AGSR0003 46.3 48.3 2 AR000074 0.016 0.254 10 5520

AGSR0003 48.3 49.3 1 AR000075 0.02 0.389 b.d. 3760

AGSR0004 0 2 2 AR000076 0.003 0.022 b.d. 390

AGSR0004 2 4 2 AR000077 0.014 0.082 10 575

AGSR0004 4 6 2 AR000079 0.005 0.066 50 3170

AGSR0004 6 8 2 AR000080 0.005 0.11 50 4430

AGSR0004 8 10 2 AR000081 0.005 0.229 20 7850

AGSR0004 10 12 2 AR000082 0.005 0.085 10 16000

AGSR0004 12 14 2 AR000083 0.016 0.309 30 7800

AGSR0004 14 16 2 AR000084 0.017 0.418 10 5280

AGSR0004 16 18 2 AR000085 0.016 0.308 b.d. 4910

AGSR0004 18 20 2 AR000086 0.024 0.314 b.d. 6400

Hole From (m)

To (m)

Width (m)

Sample number

Co (%)

Ni (%)

Sc (g/t)

Cr (ppm)

AGSR0004 20 22 2 AR000087 0.015 0.253 b.d. 5300

AGSR0004 22 24 2 AR000089 0.017 0.273 b.d. 6050

AGSR0004 24 26 2 AR000090 0.022 0.295 b.d. 5160

AGSR0004 26 28 2 AR000091 0.012 0.209 b.d. 4160

AGSR0004 28 30 2 AR000092 0.013 0.204 b.d. 4230

AGSR0004 30 32 2 AR000093 0.011 0.187 b.d. 4090

AGSR0004 32 34 2 AR000094 0.009 0.171 b.d. 3480

AGSR0004 34 36 2 AR000095 0.012 0.165 b.d. 3860

AGSR0004 36 38 2 AR000096 0.018 0.199 b.d. 4780

AGSR0004 38 40 2 AR000097 0.012 0.221 b.d. 3950

AGSR0004 40 42 2 AR000099 0.008 0.157 b.d. 3020

AGSR0004 42 44 2 AR000100 0.01 0.23 b.d. 4550

AGSR0004 44 46 2 AR000101 0.009 0.234 b.d. 4510

AGSR0004 46 48 2 AR000102 0.01 0.223 b.d. 4530

AGSR0004 48 50 2 AR000103 0.009 0.188 b.d. 4810

AGSR0004 50 52 2 AR000104 0.011 0.211 b.d. 8160

AGSR0004 52 54 2 AR000105 0.014 0.223 b.d. 3230

AGSR0004 54 56 2 AR000106 0.01 0.187 b.d. 4050

AGSR0004 56 58 2 AR000107 0.012 0.219 b.d. 5410

AGSR0004 58 60 2 AR000108 0.007 0.174 b.d. 4780

AGSR0004 60 62 2 AR000109 0.005 0.136 b.d. 3960

AGSR0004 62 64 2 AR000111 0.005 0.132 b.d. 3410

AGSR0004 64 66 2 AR000112 0.004 0.104 b.d. 3800

AGSR0004 66 67 1 AR000113 0.007 0.189 b.d. 4960

AGSR0005 0 2 2 AR000114 0.001 0.015 b.d. 360

AGSR0005 2 4 2 AR000115 0.002 0.023 20 545

AGSR0005 4 6 2 AR000116 0.003 0.036 20 1500

AGSR0005 6 8 2 AR000117 0.011 0.163 b.d. 4560

AGSR0005 8 10 2 AR000119 0.021 0.251 b.d. 3300

AGSR0005 10 12 2 AR000120 0.023 0.276 20 6370

AGSR0005 12 14 2 AR000121 0.002 0.021 b.d. 1130

AGSR0005 14 16 2 AR000122 0.007 0.06 b.d. 2090

AGSR0005 16 18 2 AR000123 0.045 0.822 40 10800

AGSR0005 18 20 2 AR000124 0.05 0.835 40 10300

AGSR0005 20 22 2 AR000125 0.073 0.974 40 14800

AGSR0005 22 24 2 AR000126 0.082 0.902 40 12900

AGSR0005 24 26 2 AR000127 0.117 1.16 40 13400

AGSR0005 26 28 2 AR000129 0.133 1.34 40 15000

AGSR0005 28 30 2 AR000130 0.154 1.63 40 16300

AGSR0005 30 32 2 AR000131 0.173 1.75 b.d. 18600

AGSR0005 32 34 2 AR000132 0.192 1.71 40 18100

AGSR0005 34 36 2 AR000133 0.169 1.71 40 18900

AGSR0005 36 38 2 AR000134 0.071 1.06 20 20800

AGSR0005 38 40 2 AR000135 0.033 0.638 20 7220

AGSR0005 40 42 2 AR000136 0.031 0.563 20 8970

AGSR0005 42 44 2 AR000137 0.033 0.476 b.d. 12400

AGSR0005 44 46 2 AR000139 0.051 0.834 20 18800

AGSR0005 46 48 2 AR000140 0.038 0.556 10 18300

AGSR0005 48 50 2 AR000141 0.024 0.369 b.d. 7100

AGSR0005 50 52 2 AR000142 0.015 0.221 b.d. 4180

AGSR0005 52 54 2 AR000143 0.013 0.188 b.d. 3840

AGSR0005 54 56 2 AR000144 0.031 0.469 b.d. 3180

AGSR0005 56 58 2 AR000145 0.016 0.453 b.d. 2240

AGSR0005 58 60 2 AR000146 0.013 0.284 b.d. 2970

AGSR0005 60 62 2 AR000147 0.014 0.229 b.d. 3880

AGSR0006 0 1 1 No sample

AGSR0006 1 2 1 AR000148 0.002 0.028 b.d. 490

AGSR0006 2 4 2 AR000150 0.002 0.035 b.d. 965

AGSR0006 4 6 2 AR000151 0.004 0.029 b.d. 625

AGSR0006 6 8 2 AR000152 0.002 0.032 b.d. 940

AGSR0006 8 10 2 AR000153 0.009 0.19 20 3840

AGSR0006 10 12 2 AR000154 0.035 0.679 60 7970

AGSR0006 12 14 2 AR000155 0.048 0.601 40 6250

AGSR0006 14 16 2 AR000156 0.069 0.921 20 4430

AGSR0006 16 18 2 AR000157 0.035 1.09 20 5330

AGSR0006 18 20 2 AR000159 0.041 0.956 20 4450

AGSR0006 20 22 2 AR000160 0.041 1.16 20 6550

AGSR0006 22 24 2 AR000161 0.052 1.17 20 6830

AGSR0006 24 26 2 AR000162 0.039 0.932 20 6950

AGSR0006 26 28 2 AR000163 0.028 0.714 20 5690

AGSR0006 28 30 2 AR000164 0.023 0.481 b.d. 2880

AGSR0006 30 32 2 AR000165 0.032 0.726 20 4750

AGSR0006 32 34 2 AR000166 0.027 0.651 b.d. 4610

AGSR0006 34 36 2 AR000167 0.027 0.664 b.d. 3550

AGSR0006 36 38 2 AR000169 0.024 0.577 20 3340

AGSR0006 38 40 2 AR000170 0.022 0.498 b.d. 2770

AGSR0006 40 42 2 AR000171 0.015 0.286 b.d. 2800

AGSR0006 42 44 2 AR000172 0.011 0.228 b.d. 2370

Page 12: Drilling confirms continuity of cobalt and nickel mineralisation€¦ ·  · 2018-02-15and nickel mineralisation RC drilling at Goongarrie Nickel-Cobalt Project to improve confidence

12

Hole From (m)

To (m)

Width (m)

Sample number

Co (%)

Ni (%)

Sc (g/t)

Cr (ppm)

AGSR0006 44 46 2 AR000173 0.01 0.196 b.d. 1560

AGSR0006 46 48 2 AR000174 0.008 0.199 b.d. 1640

AGSR0006 48 50 2 AR000175 0.012 0.259 b.d. 3230

AGSR0006 50 52 2 AR000176 0.017 0.35 b.d. 5010

AGSR0006 52 54 2 AR000177 0.019 0.399 20 4480

AGSR0006 54 56 2 AR000179 0.013 0.312 b.d. 4250

AGSR0007 0 2 2 AR000180 0.002 0.021 b.d. 380

AGSR0007 2 4 2 AR000181 0.005 0.035 20 450

AGSR0007 4 6 2 AR000182 0.004 0.036 20 745

AGSR0007 6 8 2 AR000183 0.003 0.053 20 3680

AGSR0007 8 10 2 AR000184 0.006 0.124 40 8840

AGSR0007 10 12 2 AR000185 0.023 0.431 40 12500

AGSR0007 12 14 2 AR000186 0.026 0.672 60 12100

AGSR0007 14 16 2 AR000187 0.036 0.606 40 9580

AGSR0007 16 18 2 AR000189 0.025 0.562 40 8110

AGSR0007 18 20 2 AR000190 0.023 0.441 40 8390

AGSR0007 20 22 2 AR000191 0.011 0.324 20 4510

AGSR0007 22 24 2 AR000192 0.014 0.447 20 5480

AGSR0007 24 26 2 AR000193 0.016 0.481 20 5820

AGSR0007 26 28 2 AR000194 0.028 0.437 20 4410

AGSR0007 28 30 2 AR000195 0.046 0.412 b.d. 2640

AGSR0007 30 32 2 AR000196 0.026 0.29 b.d. 1620

AGSR0007 32 34 2 AR000197 0.019 0.273 b.d. 1360

AGSR0007 34 36 2 AR000199 0.017 0.267 b.d. 1330

AGSR0007 36 38 2 AR000200 0.011 0.247 b.d. 1450

AGSR0007 38 40 2 AR000201 0.023 0.298 b.d. 1540

AGSR0007 40 42 2 AR000202 b.d. b.d. b.d. b.d.

AGSR0007 42 44 2 AR000203 b.d. b.d. b.d. b.d.

AGSR0007 44 46 2 AR000204 0.03 0.571 b.d. 3090

AGSR0007 46 48 2 AR000205 0.017 0.358 b.d. 2150

AGSR0007 48 50 2 AR000206 0.012 0.241 b.d. 2380

AGSR0007 50 52 2 AR000207 0.01 0.228 b.d. 2660

AGSR0007 52 54 2 AR000209 0.011 0.236 b.d. 2380

AGSR0007 54 56 2 AR000210 0.012 0.288 b.d. 1750

AGSR0007 56 58 2 AR000211 0.009 0.281 b.d. 710

AGSR0007 58 59 1 AR000212 0.009 0.253 b.d. 1230

AGSR0008 0 2 2 AR000213 0.001 0.015 b.d. 295

AGSR0008 2 4 2 AR000214 0.003 0.029 20 370

AGSR0008 4 6 2 AR000215 b.d. 0.02 20 520

AGSR0008 6 8 2 AR000216 b.d. 0.021 20 1100

AGSR0008 8 10 2 AR000217 0.001 0.041 20 1060

AGSR0008 10 12 2 AR000219 0.007 0.128 b.d. 635

AGSR0008 12 14 2 AR000220 0.009 0.191 b.d. 1050

AGSR0008 14 16 2 AR000221 0.007 0.182 b.d. 395

AGSR0008 16 18 2 AR000222 0.011 0.324 b.d. 705

AGSR0008 18 20 2 AR000223 0.015 0.371 b.d. 1120

AGSR0008 20 22 2 AR000224 0.024 0.492 b.d. 2740

AGSR0008 22 24 2 AR000225 0.031 0.776 20 4280

AGSR0008 24 26 2 AR000226 0.012 0.252 b.d. 1050

AGSR0008 26 28 2 AR000227 0.041 0.639 b.d. 2980

AGSR0008 28 30 2 AR000229 0.04 0.435 b.d. 1120

AGSR0008 30 32 2 AR000230 0.037 0.393 b.d. 1330

AGSR0008 32 34 2 AR000231 0.028 0.361 b.d. 885

AGSR0008 34 36 2 AR000232 0.051 0.657 b.d. 980

AGSR0008 36 38 2 AR000233 0.043 0.624 b.d. 990

AGSR0008 38 40 2 AR000234 0.015 0.303 b.d. 660

AGSR0008 40 42 2 AR000235 0.013 0.296 b.d. 560

AGSR0008 42 44 2 AR000236 0.014 0.318 b.d. 685

AGSR0008 44 46 2 AR000237 0.015 0.299 b.d. 790

AGSR0008 46 48 2 AR000239 0.016 0.305 b.d. 980

AGSR0008 48 50 2 AR000240 0.016 0.307 b.d. 1020

AGSR0008 50 52 2 AR000241 0.016 0.275 b.d. 880

AGSR0008 52 54 2 AR000242 0.016 0.323 b.d. 1550

AGSR0008 54 56 2 AR000243 0.013 0.268 b.d. 1130

AGSR0008 56 58 2 AR000244 0.014 0.208 b.d. 1100

AGSR0008 58 59 1 AR000245 0.018 0.288 b.d. 1020

AGSR0009 0 2 2 AR000246 b.d. 0.013 b.d. 280

AGSR0009 2 4 2 AR000247 0.002 0.026 10 455

AGSR0009 4 6 2 AR000249 0.005 0.219 20 5090

AGSR0009 6 8 2 AR000250 0.009 0.244 30 6480

AGSR0009 8 10 2 AR000251 0.004 0.151 30 6700

AGSR0009 10 12 2 AR000252 0.009 0.408 50 7210

AGSR0009 12 14 2 AR000253 0.029 0.965 70 6150

AGSR0009 14 16 2 AR000254 0.03 1.1 60 6360

AGSR0009 16 18 2 AR000255 0.035 1.24 60 6330

AGSR0009 18 20 2 AR000256 0.047 1.26 40 7470

AGSR0009 20 22 2 AR000257 0.054 1.35 50 16100

AGSR0009 22 24 2 AR000259 0.054 1.25 40 15200

AGSR0009 24 26 2 AR000260 0.057 1.04 40 13400

AGSR0009 26 28 2 AR000261 0.067 1.03 40 13300

AGSR0009 28 30 2 AR000262 0.079 1.22 40 14300

AGSR0009 30 32 2 AR000263 0.088 1.35 40 14900

AGSR0009 32 34 2 AR000264 0.104 1.5 50 14200

AGSR0009 34 36 2 AR000265 0.109 1.2 40 16600

AGSR0009 36 38 2 AR000266 0.137 1.12 40 22100

AGSR0009 38 40 2 AR000267 0.145 0.99 30 37500

AGSR0009 40 42 2 AR000269 0.121 1.06 30 35400

AGSR0009 42 44 2 AR000275 0.095 1.19 40 34300

AGSR0009 44 46 2 AR000270 0.087 1.21 40 41400

AGSR0009 46 48 2 AR000271 0.075 1.22 40 59100

AGSR0009 48 50 2 AR000272 0.054 1 30 32200

AGSR0009 50 52 2 AR000273 0.047 0.896 20 25000

AGSR0009 52 54 2 AR000274 0.04 1.01 20 34900

AGSR0009 54 56 2 AR000276 0.042 1.01 20 49700

Hole From (m)

To (m)

Width (m)

Sample number

Co (%)

Ni (%)

Sc (g/t)

Cr (ppm)

AGSR0009 56 58 2 AR000277 0.048 1.14 20 47200

AGSR0009 58 60 2 AR000279 0.044 1.08 30 45200

AGSR0009 60 62 2 AR000280 0.038 0.95 20 32500

AGSR0009 62 64 2 AR000281 0.037 0.716 10 20200

AGSR0009 64 66 2 AR000282 0.037 0.651 10 20100

AGSR0009 66 68 2 AR000283 0.042 0.622 10 16200

AGSR0010 0 2 2 AR000284 0.002 0.026 b.d. 575

AGSR0010 2 4 2 AR000285 0.003 0.029 10 595

AGSR0010 4 6 2 AR000286 0.001 0.029 10 915

AGSR0010 6 8 2 AR000287 b.d. 0.015 10 1700

AGSR0010 8 10 2 AR000289 0.002 0.028 10 4500

AGSR0010 10 12 2 AR000290 0.001 0.029 10 2540

AGSR0010 12 14 2 AR000291 0.002 0.03 10 1470

AGSR0010 14 16 2 AR000292 b.d. 0.031 10 1520

AGSR0010 16 18 2 AR000293 0.003 0.042 20 1900

AGSR0010 18 20 2 AR000294 0.006 0.066 10 970

AGSR0010 20 22 2 AR000295 0.011 0.093 b.d. 450

AGSR0010 22 24 2 AR000296 0.011 0.062 b.d. 1300

AGSR0010 24 26 2 AR000297 0.027 0.392 30 10200

AGSR0010 26 28 2 AR000298 0.028 0.312 20 11100

AGSR0010 28 30 2 AR000300 0.017 0.705 40 24700

AGSR0010 30 32 2 AR000301 0.024 1.05 60 26600

AGSR0010 32 34 2 AR000302 0.026 1.08 60 24500

AGSR0010 34 36 2 AR000303 0.027 1.09 50 21600

AGSR0010 36 38 2 AR000304 0.024 0.889 40 18200

AGSR0010 38 40 2 AR000305 0.023 1.16 50 21800

AGSR0010 40 42 2 AR000306 0.024 1.42 50 23000

AGSR0010 42 44 2 AR000307 0.027 1.47 50 21100

AGSR0010 44 46 2 AR000309 0.028 0.787 30 8710

AGSR0010 46 48 2 AR000310 0.028 0.668 30 8170

AGSR0010 48 50 2 AR000311 0.038 0.669 20 23600

AGSR0010 50 52 2 AR000312 0.038 0.647 20 18200

AGSR0010 52 54 2 AR000313 0.056 0.897 30 23500

AGSR0010 54 56 2 AR000314 0.072 1.02 30 25400

AGSR0010 56 58 2 AR000315 0.046 0.704 20 8770

AGSR0010 58 60 2 AR000316 0.03 0.605 10 5820

AGSR0010 60 62 2 AR000317 0.025 0.495 10 3450

AGSR0010 62 64 2 AR000319 0.027 0.574 b.d. 2920

AGSR0010 64 66 2 AR000320 0.031 0.529 10 2340

AGSR0010 66 68 2 AR000321 0.02 0.576 10 2660

AGSR0011 0 2 2 AR000322 0.002 0.045 b.d. 555

AGSR0011 2 4 2 AR000323 0.002 0.028 b.d. 485

AGSR0011 4 6 2 AR000324 b.d. 0.023 b.d. 1140

AGSR0011 6 8 2 AR000325 b.d. 0.012 10 2700

AGSR0011 8 10 2 AR000326 b.d. 0.009 10 1070

AGSR0011 10 12 2 AR000327 0.001 0.016 10 550

AGSR0011 12 14 2 AR000329 0.001 0.017 10 660

AGSR0011 14 16 2 AR000330 0.001 0.021 10 800

AGSR0011 16 18 2 AR000331 0.001 0.022 10 870

AGSR0011 18 20 2 AR000332 0.001 0.023 10 885

AGSR0011 20 22 2 AR000333 0.001 0.026 10 850

AGSR0011 22 24 2 AR000334 0.001 0.033 10 895

AGSR0011 24 26 2 AR000335 0.002 0.045 10 850

AGSR0011 26 28 2 AR000336 0.006 0.083 b.d. 675

AGSR0011 28 30 2 AR000337 0.003 0.041 b.d. 270

AGSR0011 30 32 2 AR000339 0.001 0.024 b.d. 165

AGSR0011 32 34 2 AR000340 b.d. 0.011 b.d. 115

AGSR0011 34 36 2 AR000341 b.d. 0.011 b.d. 640

AGSR0011 36 38 2 AR000342 b.d. 0.005 10 680

AGSR0011 38 40 2 AR000343 0.005 0.063 b.d. 3920

AGSR0011 40 42 2 AR000344 0.036 0.54 50 16800

AGSR0011 42 44 2 AR000345 0.076 0.889 50 21900

AGSR0011 44 46 2 AR000346 0.113 0.697 30 15900

AGSR0011 46 48 2 AR000347 0.073 0.756 40 15700

AGSR0011 48 50 2 AR000349 0.009 0.121 b.d. 2680

AGSR0011 50 52 2 AR000350 0.022 0.656 20 12500

AGSR0011 52 54 2 AR000351 0.029 0.799 20 15700

AGSR0011 54 56 2 AR000352 0.021 0.503 10 9190

AGSR0012 0 2 2 AR000353 0.001 0.015 10 325

AGSR0012 2 4 2 AR000354 0.003 0.025 10 450

AGSR0012 4 6 2 AR000355 b.d. 0.017 10 540

AGSR0012 6 8 2 AR000356 b.d. 0.016 10 1050

AGSR0012 8 10 2 AR000357 0.001 0.015 10 2200

AGSR0012 10 12 2 AR000359 0.001 0.02 10 1240

AGSR0012 12 14 2 AR000360 0.002 0.017 10 605

AGSR0012 14 16 2 AR000361 0.001 0.014 20 520

AGSR0012 16 18 2 AR000362 b.d. 0.015 10 520

AGSR0012 18 20 2 AR000363 0.001 0.019 10 810

AGSR0012 20 22 2 AR000364 0.001 0.021 10 835

AGSR0012 22 24 2 AR000365 b.d. 0.02 10 915

AGSR0012 24 26 2 AR000366 0.001 0.023 10 940

AGSR0012 26 28 2 AR000367 0.001 0.029 20 975

AGSR0012 28 30 2 AR000369 0.001 0.045 10 1410

AGSR0012 30 32 2 AR000370 0.003 0.072 10 2120

AGSR0012 32 34 2 AR000371 0.005 0.123 20 1610

AGSR0012 34 36 2 AR000372 0.007 0.114 10 585

AGSR0012 36 38 2 AR000373 0.003 0.063 b.d. 130

AGSR0012 38 40 2 AR000374 0.011 0.222 40 4880

AGSR0012 40 42 2 AR000375 0.013 0.274 40 5550

AGSR0012 42 44 2 AR000376 0.029 0.345 50 7430

AGSR0012 44 46 2 AR000377 0.021 0.213 30 5390

AGSR0012 46 48 2 AR000379 0.03 0.181 30 6030

AGSR0012 48 50 2 AR000380 0.012 0.084 10 2270

AGSR0012 50 52 2 AR000381 0.01 0.077 10 2140

Page 13: Drilling confirms continuity of cobalt and nickel mineralisation€¦ ·  · 2018-02-15and nickel mineralisation RC drilling at Goongarrie Nickel-Cobalt Project to improve confidence

13

Hole From (m)

To (m)

Width (m)

Sample number

Co (%)

Ni (%)

Sc (g/t)

Cr (ppm)

AGSR0012 52 54 2 AR000382 0.004 0.03 10 630

AGSR0012 54 56 2 AR000383 0.005 0.02 10 295

AGSR0012 56 58 2 AR000384 0.009 0.028 b.d. 445

AGSR0012 58 60 2 AR000385 0.01 0.04 10 790

AGSR0012 60 62 2 AR000386 0.012 0.033 10 575

AGSR0012 62 64 2 AR000387 0.005 0.022 b.d. 125

AGSR0012 64 66 2 AR000389 0.014 0.036 b.d. 65

AGSR0012 66 68 2 AR000390 0.003 0.009 b.d. 55

AGSR0012 68 70 2 AR000391 0.001 0.007 b.d. 35

AGSR0012 70 72 2 AR000392 0.003 0.011 b.d. 65

AGSR0012 72 74 2 AR000393 0.002 0.008 b.d. 35

AGSR0012 74 76 2 AR000394 0.002 0.008 b.d. 115

AGSR0012 76 78 2 AR000395 0.004 0.01 10 90

AGSR0012 78 80 2 AR000396 0.003 0.011 b.d. 110

AGSR0012 80 82 2 AR000397 0.003 0.015 b.d. 95

AGSR0012 82 84 2 AR000399 0.003 0.013 b.d. 75

AGSR0012 84 86 2 AR000400 0.005 0.029 10 640

AGSR0012 86 88 2 AR000401 0.006 0.042 b.d. 550

AGSR0012 88 89 1 AR000402 0.003 0.02 b.d. 255

AGSR0013 0 2 2 AR000403 0.001 0.01 b.d. 240

AGSR0013 2 4 2 AR000404 0.003 0.021 10 395

AGSR0013 4 6 2 AR000405 0.001 0.021 10 480

AGSR0013 6 8 2 AR000406 0.002 0.023 10 580

AGSR0013 8 10 2 AR000407 0.001 0.018 10 1200

AGSR0013 10 12 2 AR000409 0.001 0.017 10 1360

AGSR0013 12 14 2 AR000410 0.002 0.019 10 1540

AGSR0013 14 16 2 AR000411 0.001 0.013 10 830

AGSR0013 16 18 2 AR000412 0.001 0.014 10 505

AGSR0013 18 20 2 AR000413 0.012 0.04 10 865

AGSR0013 20 22 2 AR000414 0.007 0.041 10 1040

AGSR0013 22 24 2 AR000415 0.002 0.033 10 1060

AGSR0013 24 26 2 AR000416 0.004 0.035 20 1140

AGSR0013 26 28 2 AR000417 0.002 0.039 20 1300

AGSR0013 28 30 2 AR000419 0.004 0.051 20 1730

AGSR0013 30 32 2 AR000420 0.005 0.102 20 2460

AGSR0013 32 34 2 AR000421 0.014 0.23 b.d. 1070

AGSR0013 34 36 2 AR000422 0.006 0.083 b.d. 585

AGSR0013 36 38 2 AR000423 0.001 0.009 b.d. 155

AGSR0013 38 40 2 AR000424 b.d. 0.004 b.d. 65

AGSR0013 40 42 2 AR000425 0.001 0.005 b.d. 110

AGSR0013 42 44 2 AR000426 b.d. 0.004 b.d. 95

AGSR0013 44 46 2 AR000427 b.d. 0.004 b.d. 125

AGSR0013 46 48 2 AR000429 b.d. 0.004 b.d. 150

AGSR0013 48 50 2 AR000430 0.001 0.01 b.d. 120

AGSR0013 50 52 2 AR000431 b.d. 0.004 10 75

AGSR0013 52 54 2 AR000432 b.d. 0.007 10 145

AGSR0013 54 56 2 AR000433 0.001 0.008 10 115

AGSR0013 56 58 2 AR000434 0.001 0.01 b.d. 150

AGSR0013 58 60 2 AR000435 0.001 0.022 10 290

AGSR0013 60 62 2 AR000436 0.018 0.081 10 205

AGSR0013 62 64 2 AR000437 0.026 0.093 10 185

AGSR0013 64 66 2 AR000439 0.011 0.056 10 155

AGSR0013 66 68 2 AR000440 0.009 0.052 10 145

AGSR0013 68 70 2 AR000441 0.006 0.03 10 90

AGSR0013 70 72 2 AR000442 0.009 0.042 20 130

AGSR0013 72 74 2 AR000443 0.004 0.027 10 145

AGSR0014 0 2 2 AR000444 0.005 0.028 10 280

AGSR0014 2 4 2 AR000445 0.003 0.024 10 330

AGSR0014 4 6 2 AR000446 0.001 0.018 10 430

AGSR0014 6 8 2 AR000447 0.001 0.022 20 560

AGSR0014 8 10 2 AR000449 b.d. 0.014 20 3150

AGSR0014 10 12 2 AR000450 0.001 0.034 30 5070

AGSR0014 12 14 2 AR000451 0.002 0.022 20 835

AGSR0014 14 16 2 AR000452 0.001 0.017 20 490

AGSR0014 16 18 2 AR000453 0.001 0.023 10 650

AGSR0014 18 20 2 AR000454 0.003 0.036 10 950

AGSR0014 20 22 2 AR000455 0.005 0.036 20 1050

AGSR0014 22 24 2 AR000456 0.004 0.037 20 1460

AGSR0014 24 26 2 AR000457 0.001 0.041 20 2430

AGSR0014 26 28 2 AR000459 0.002 0.055 20 3210

AGSR0014 28 30 2 AR000460 0.008 0.156 30 4210

AGSR0014 30 32 2 AR000461 0.023 0.25 10 2160

AGSR0014 32 34 2 AR000462 0.031 0.182 b.d. 1270

AGSR0014 34 36 2 AR000463 0.022 0.171 10 1410

AGSR0014 36 38 2 AR000464 0.031 0.243 10 1800

AGSR0014 38 40 2 AR000465 0.021 0.279 10 2910

AGSR0014 40 42 2 AR000466 0.029 0.281 20 2310

AGSR0014 42 44 2 AR000467 0.038 0.308 30 2460

AGSR0014 44 46 2 AR000469 0.038 0.42 20 4090

AGSR0014 46 48 2 AR000470 0.033 0.445 20 5960

AGSR0014 48 50 2 AR000471 0.025 0.449 10 6780

AGSR0014 50 52 2 AR000472 0.024 0.442 10 7340

AGSR0014 52 54 2 AR000473 0.021 0.413 20 6760

AGSR0014 54 56 2 AR000474 0.019 0.414 10 6690

AGSR0014 56 58 2 AR000475 0.015 0.348 10 5560

AGSR0014 58 60 2 AR000476 0.015 0.345 20 6470

AGSR0014 60 62 2 AR000477 0.013 0.364 10 7030

AGSR0014 62 64 2 AR000479 0.014 0.382 10 6300

AGSR0014 64 66 2 AR000480 0.011 0.237 10 4500

AGSR0014 66 68 2 AR000481 0.01 0.223 10 3670

AGSR0014 68 70 2 AR000482 0.017 0.315 10 4980

AGSR0015 0 2 2 AR000483 0.001 0.012 b.d. 270

AGSR0015 2 4 2 AR000484 0.002 0.022 10 395

AGSR0015 4 6 2 AR000485 0.001 0.019 10 460

Hole From (m)

To (m)

Width (m)

Sample number

Co (%)

Ni (%)

Sc (g/t)

Cr (ppm)

AGSR0015 6 8 2 AR000486 b.d. 0.019 20 530

AGSR0015 8 10 2 AR000487 b.d. 0.016 20 1600

AGSR0015 10 12 2 AR000489 0.005 0.061 30 1570

AGSR0015 12 14 2 AR000490 0.001 0.027 10 780

AGSR0015 14 16 2 AR000491 0.013 0.055 20 1400

AGSR0015 16 18 2 AR000492 0.003 0.045 20 1760

AGSR0015 18 20 2 AR000493 0.001 0.041 30 3810

AGSR0015 20 22 2 AR000494 0.002 0.047 30 5260

AGSR0015 22 24 2 AR000495 0.012 0.156 30 7550

AGSR0015 24 26 2 AR000496 0.016 0.303 50 9970

AGSR0015 26 28 2 AR000497 0.022 0.312 30 11100

AGSR0015 28 30 2 AR000499 0.016 0.329 40 15100

AGSR0015 30 32 2 AR000500 0.016 0.483 60 18100

AGSR0015 32 34 2 AR000501 0.037 0.565 40 12600

AGSR0015 34 36 2 AR000502 0.031 0.329 20 9640

AGSR0015 36 38 2 AR000503 0.094 0.704 50 13500

AGSR0015 38 40 2 AR000504 0.111 0.713 50 12500

AGSR0015 40 42 2 AR000506 0.117 0.867 40 12700

AGSR0015 42 44 2 AR000507 0.097 0.927 50 14700

AGSR0015 44 46 2 AR000508 0.082 1.05 50 19100

AGSR0015 46 48 2 AR000509 0.081 1.12 40 22100

AGSR0015 48 50 2 AR000510 0.078 1.09 50 26200

AGSR0015 50 52 2 AR000511 0.078 0.918 40 18700

AGSR0015 52 54 2 AR000512 0.1 1.05 40 22900

AGSR0015 54 56 2 AR000513 0.115 1.03 30 23400

AGSR0015 56 58 2 AR000514 0.131 1.14 40 24800

AGSR0015 58 60 2 AR000516 0.097 1.22 40 18700

AGSR0015 60 62 2 AR000517 0.046 0.726 20 9260

AGSR0015 62 64 2 AR000518 0.027 0.503 10 6740

AGSR0015 64 66 2 AR000519 0.017 0.367 20 5650

AGSR0015 66 68 2 AR000520 0.011 0.299 10 5220

AGSR0015 68 70 2 AR000521 0.012 0.317 10 4520

AGSR0015 70 72 2 AR000522 0.016 0.43 20 5390

AGSR0015 72 74 2 AR000523 0.016 0.393 10 5410

AGSR0016 0 2 2 AR000524 0.002 0.034 20 580

AGSR0016 2 4 2 AR000526 0.002 0.032 10 515

AGSR0016 4 6 2 AR000527 0.001 0.028 10 700

AGSR0016 6 8 2 AR000528 b.d. 0.053 20 3170

AGSR0016 8 10 2 AR000529 0.001 0.148 30 5130

AGSR0016 10 12 2 AR000530 0.008 0.422 50 7470

AGSR0016 12 14 2 AR000531 0.01 0.454 40 7050

AGSR0016 14 16 2 AR000532 0.01 0.516 50 8550

AGSR0016 16 18 2 AR000533 0.021 0.656 60 10700

AGSR0016 18 20 2 AR000534 0.021 0.666 50 10600

AGSR0016 20 22 2 AR000536 0.018 0.59 50 10800

AGSR0016 22 24 2 AR000537 0.03 0.735 50 9720

AGSR0016 24 26 2 AR000538 0.063 0.834 50 7980

AGSR0016 26 28 2 AR000539 0.064 0.908 50 8270

AGSR0016 28 30 2 AR000540 0.05 0.931 50 9070

AGSR0016 30 32 2 AR000541 0.034 0.88 40 8660

AGSR0016 32 34 2 AR000542 0.026 0.727 30 7050

AGSR0016 34 36 2 AR000543 0.023 0.648 30 5420

AGSR0016 36 38 2 AR000544 0.02 0.596 20 3800

AGSR0016 38 40 2 AR000546 0.008 0.291 10 1500

AGSR0016 40 41 1 AR000547 0.009 0.306 b.d. 1340

AGSR0017 0 2 2 AR000548 b.d. 0.013 10 280

AGSR0017 2 4 2 AR000549 0.002 0.024 b.d. 415

AGSR0017 4 6 2 AR000550 b.d. 0.023 20 640

AGSR0017 6 8 2 AR000551 0.001 0.026 20 1920

AGSR0017 8 10 2 AR000552 0.007 0.105 30 5950

AGSR0017 10 12 2 AR000553 0.014 0.231 40 6450

AGSR0017 12 14 2 AR000554 0.026 0.359 30 7570

AGSR0017 14 16 2 AR000556 0.048 0.573 50 9640

AGSR0017 16 18 2 AR000557 0.037 0.696 50 7640

AGSR0017 18 20 2 AR000558 0.026 0.571 30 5200

AGSR0017 20 22 2 AR000559 0.026 0.634 30 6710

AGSR0017 22 24 2 AR000560 0.032 0.751 40 11500

AGSR0017 24 26 2 AR000561 0.034 0.907 50 24800

AGSR0017 26 28 2 AR000562 0.07 0.843 30 18000

AGSR0017 28 30 2 AR000563 0.142 0.992 30 20600

AGSR0017 30 32 2 AR000564 0.096 0.785 30 18300

AGSR0017 32 34 2 AR000566 0.058 0.589 10 12000

AGSR0017 34 36 2 AR000567 0.052 0.528 10 9510

AGSR0017 36 38 2 AR000568 0.044 0.479 10 6420

AGSR0017 38 40 2 AR000569 0.035 0.467 10 4090

AGSR0017 40 42 2 AR000570 0.022 0.387 b.d. 3240

AGSR0017 42 44 2 AR000571 0.019 0.358 b.d. 3050

AGSR0017 44 46 2 AR000572 0.022 0.372 b.d. 3280

AGSR0018 0 2 2 AR000573 0.001 0.021 b.d. 435

AGSR0018 2 4 2 AR000574 0.003 0.053 10 870

AGSR0018 4 6 2 AR000576 0.003 0.035 10 965

AGSR0018 6 8 2 AR000577 0.003 0.162 10 6460

AGSR0018 8 10 2 AR000578 0.005 0.288 20 15400

AGSR0018 10 12 2 AR000579 0.016 0.34 40 26200

AGSR0018 12 14 2 AR000580 0.017 0.407 30 19700

AGSR0018 14 16 2 AR000581 0.02 0.444 10 8780

AGSR0018 16 18 2 AR000582 0.021 0.459 10 7860

AGSR0018 18 20 2 AR000583 0.024 0.506 20 5020

AGSR0018 20 22 2 AR000584 0.064 0.595 20 8090

AGSR0018 22 24 2 AR000586 0.035 0.393 b.d. 6800

AGSR0018 24 26 2 AR000587 0.017 0.308 b.d. 3310

AGSR0018 26 28 2 AR000588 0.012 0.246 b.d. 2110

AGSR0018 28 30 2 AR000589 0.012 0.299 b.d. 1880

AGSR0018 30 32 2 AR000590 0.008 0.225 b.d. 2160

Page 14: Drilling confirms continuity of cobalt and nickel mineralisation€¦ ·  · 2018-02-15and nickel mineralisation RC drilling at Goongarrie Nickel-Cobalt Project to improve confidence

14

Hole From (m)

To (m)

Width (m)

Sample number

Co (%)

Ni (%)

Sc (g/t)

Cr (ppm)

AGSR0018 32 34 2 AR000591 0.005 0.184 b.d. 1490

AGSR0018 34 35 1 AR000592 0.005 0.186 b.d. 2170

AGSR0019 0 2 2 AR000593 b.d. 0.016 b.d. 365

AGSR0019 2 4 2 AR000594 0.001 0.02 10 420

AGSR0019 4 6 2 AR000596 0.001 0.028 10 720

AGSR0019 6 8 2 AR000597 0.001 0.063 10 2080

AGSR0019 8 10 2 AR000598 0.003 0.107 10 3670

AGSR0019 10 12 2 AR000599 0.008 0.259 10 3260

AGSR0019 12 14 2 AR000600 0.011 0.481 20 4670

AGSR0019 14 16 2 AR000601 0.018 0.402 10 2700

AGSR0019 16 18 2 AR000602 0.022 0.448 10 2820

AGSR0019 18 20 2 AR000603 0.036 0.513 10 4770

AGSR0019 20 22 2 AR000605 0.017 0.232 b.d. 2380

AGSR0019 22 24 2 AR000606 0.02 0.223 b.d. 2220

AGSR0019 24 26 2 AR000607 0.054 0.547 10 7460

AGSR0019 26 28 2 AR000608 0.048 0.524 10 6290

AGSR0019 28 30 2 AR000609 0.032 0.366 b.d. 3720

AGSR0019 30 32 2 AR000610 0.021 0.27 b.d. 3010

AGSR0019 32 34 2 AR000611 0.016 0.249 b.d. 3140

AGSR0019 34 35 1 AR000612 0.014 0.23 b.d. 2590

AGSR0020 0 2 2 AR000613 0.001 0.015 b.d. 320

AGSR0020 2 4 2 AR000614 0.002 0.019 10 390

AGSR0020 4 6 2 AR000616 b.d. 0.015 10 435

AGSR0020 6 8 2 AR000617 0.001 0.025 20 2090

AGSR0020 8 10 2 AR000618 0.001 0.04 20 3740

AGSR0020 10 12 2 AR000619 0.008 0.216 40 9000

AGSR0020 12 14 2 AR000620 0.014 0.277 50 6180

AGSR0020 14 16 2 AR000621 0.042 0.57 50 8480

AGSR0020 16 18 2 AR000622 0.038 0.37 30 4020

AGSR0020 18 20 2 AR000623 0.035 0.448 30 4780

AGSR0020 20 22 2 AR000624 0.011 0.25 10 2170

AGSR0020 22 24 2 AR000626 0.017 0.428 30 3410

AGSR0020 24 26 2 AR000627 0.018 0.477 20 4040

AGSR0020 26 28 2 AR000628 0.015 0.485 20 4090

AGSR0020 28 30 2 AR000629 0.019 0.66 20 5740

AGSR0020 30 32 2 AR000630 0.022 0.903 30 6910

AGSR0020 32 34 2 AR000631 0.014 0.526 20 4730

AGSR0020 34 36 2 AR000632 0.015 0.558 10 4500

AGSR0020 36 38 2 AR000633 0.022 0.585 20 4480

AGSR0020 38 40 2 AR000634 0.031 0.586 10 3550

AGSR0020 40 42 2 AR000636 0.027 0.529 b.d. 2610

AGSR0020 42 44 2 AR000637 0.022 0.435 b.d. 2070

AGSR0020 44 46 2 AR000638 0.01 0.247 b.d. 1060

AGSR0021 0 2 2 AR000639 0.001 0.02 b.d. 350

AGSR0021 2 4 2 AR000640 0.002 0.021 b.d. 385

AGSR0021 4 6 2 AR000641 0.003 0.049 10 950

AGSR0021 6 8 2 AR000642 b.d. 0.013 10 1080

AGSR0021 8 10 2 AR000643 0.001 0.02 10 695

AGSR0021 10 12 2 AR000644 0.001 0.021 10 615

AGSR0021 12 14 2 AR000646 0.001 0.028 10 755

AGSR0021 14 16 2 AR000647 0.001 0.021 10 660

AGSR0021 16 18 2 AR000648 0.001 0.026 20 655

AGSR0021 18 20 2 AR000649 0.005 0.043 10 490

AGSR0021 20 22 2 AR000650 0.001 0.015 b.d. 185

AGSR0021 22 24 2 AR000651 0.001 0.013 b.d. 115

AGSR0021 24 26 2 AR000652 b.d. 0.009 b.d. 40

AGSR0021 26 28 2 AR000653 0.001 0.023 10 610

AGSR0021 28 30 2 AR000654 0.001 0.019 10 855

AGSR0021 30 32 2 AR000656 b.d. 0.003 b.d. 225

AGSR0021 32 34 2 AR000657 0.001 0.024 b.d. 460

AGSR0021 34 36 2 AR000658 0.002 0.039 10 1070

AGSR0021 36 38 2 AR000659 0.001 0.017 b.d. 865

AGSR0021 38 40 2 AR000660 0.001 0.01 b.d. 525

AGSR0021 40 42 2 AR000661 0.001 0.034 10 2690

AGSR0021 42 44 2 AR000662 0.004 0.049 b.d. 1320

AGSR0021 44 46 2 AR000663 0.013 0.17 10 2540

AGSR0021 46 48 2 AR000664 0.019 0.319 10 5020

AGSR0021 48 50 2 AR000666 0.026 0.424 10 8060

AGSR0021 50 52 2 AR000667 0.025 0.42 10 8270

AGSR0021 52 54 2 AR000668 0.015 0.416 10 5810

AGSR0021 54 56 2 AR000669 0.016 0.317 10 5540

AGSR0021 56 58 2 AR000670 0.019 0.4 10 6950

AGSR0021 58 60 2 AR000671 0.02 0.428 10 7480

AGSR0021 60 62 2 AR000672 0.021 0.399 b.d. 3420

AGSR0021 62 64 2 AR000673 0.018 0.354 b.d. 3880

AGSR0021 64 65 1 AR000674 0.016 0.308 b.d. 3770

AGSR0022 0 2 2 AR000676 0.001 0.012 b.d. 265

AGSR0022 2 4 2 AR000677 0.001 0.015 b.d. 340

AGSR0022 4 6 2 AR000678 0.001 0.015 b.d. 775

AGSR0022 6 8 2 AR000679 b.d. 0.013 b.d. 2360

AGSR0022 8 10 2 AR000680 0.003 0.038 b.d. 810

AGSR0022 10 12 2 AR000681 0.012 0.088 10 660

AGSR0022 12 14 2 AR000682 0.013 0.081 b.d. 245

AGSR0022 14 16 2 AR000683 0.002 0.023 b.d. 60

AGSR0022 16 18 2 AR000684 b.d. 0.016 b.d. 40

AGSR0022 18 20 2 AR000686 b.d. 0.017 b.d. 925

AGSR0022 20 22 2 AR000687 b.d. 0.012 b.d. 540

AGSR0022 22 24 2 AR000688 0.013 0.243 20 17000

AGSR0022 24 26 2 AR000689 0.038 0.391 20 20100

AGSR0022 26 28 2 AR000690 0.058 0.41 20 20000

AGSR0022 28 30 2 AR000691 0.058 0.605 30 20300

AGSR0022 30 32 2 AR000692 0.045 1.13 30 19500

AGSR0022 32 34 2 AR000693 0.024 0.53 20 9710

AGSR0022 34 36 2 AR000694 0.032 0.597 20 11700

Hole From (m)

To (m)

Width (m)

Sample number

Co (%)

Ni (%)

Sc (g/t)

Cr (ppm)

AGSR0022 36 38 2 AR000696 0.067 0.832 20 18400

AGSR0022 38 40 2 AR000697 0.091 0.721 10 14700

AGSR0022 40 42 2 AR000698 0.119 0.861 20 17600

AGSR0022 42 44 2 AR000699 0.059 0.445 b.d. 8090

AGSR0022 44 46 2 AR000700 0.038 0.278 b.d. 4010

AGSR0022 46 47 1 AR000701 0.04 0.271 b.d. 3590

AGSR0023 0 2 2 AR000702 0.002 0.026 b.d. 570

AGSR0023 2 4 2 AR000703 0.004 0.067 b.d. 1400

AGSR0023 4 6 2 AR000704 0.013 0.217 10 5880

AGSR0023 6 8 2 AR000706 0.001 0.019 b.d. 4380

AGSR0023 8 10 2 AR000707 0.001 0.027 b.d. 2940

AGSR0023 10 12 2 AR000708 0.004 0.092 b.d. 4540

AGSR0023 12 14 2 AR000709 0.014 0.345 20 5970

AGSR0023 14 16 2 AR000710 0.06 0.871 10 2350

AGSR0023 16 18 2 AR000711 0.041 0.582 10 4860

AGSR0023 18 20 2 AR000712 0.036 0.417 b.d. 3090

AGSR0023 20 22 2 AR000713 0.028 0.239 b.d. 1200

AGSR0023 22 24 2 AR000714 0.022 0.203 b.d. 975

AGSR0023 24 26 2 AR000716 0.013 0.164 b.d. 685

AGSR0023 26 28 2 AR000717 0.011 0.15 b.d. 735

AGSR0023 28 30 2 AR000718 0.014 0.196 b.d. 940

AGSR0023 30 32 2 AR000719 0.012 0.208 b.d. 1250

AGSR0023 32 34 2 AR000720 0.015 0.221 b.d. 885

AGSR0023 34 36 2 AR000721 0.015 0.249 b.d. 540

AGSR0023 36 38 2 AR000722 0.011 0.175 b.d. 630

AGSR0024 0 2 2 AR000723 0.001 0.017 b.d. 280

AGSR0024 2 4 2 AR000724 0.004 0.032 b.d. 380

AGSR0024 4 6 2 AR000726 0.003 0.036 b.d. 855

AGSR0024 6 8 2 AR000727 0.002 0.023 b.d. 895

AGSR0024 8 10 2 AR000728 0.002 0.045 b.d. 755

AGSR0024 10 12 2 AR000729 0.008 0.157 b.d. 275

AGSR0024 12 14 2 AR000730 0.032 0.38 b.d. 210

AGSR0024 14 16 2 AR000731 0.05 0.36 b.d. 115

AGSR0024 16 18 2 AR000732 0.045 0.431 b.d. 125

AGSR0024 18 20 2 AR000733 0.027 0.38 b.d. 95

AGSR0024 20 22 2 AR000734 0.032 0.437 b.d. 95

AGSR0024 22 24 2 AR000736 0.026 0.414 b.d. 90

AGSR0024 24 26 2 AR000737 0.051 0.402 b.d. 80

AGSR0024 26 28 2 AR000738 0.036 0.422 b.d. 85

AGSR0024 28 30 2 AR000739 0.019 0.303 b.d. 75

AGSR0024 30 32 2 AR000740 0.014 0.193 b.d. 90

AGSR0024 32 34 2 AR000741 0.011 0.148 b.d. 60

AGSR0024 34 36 2 AR000742 0.014 0.149 b.d. 110

AGSR0024 36 38 2 AR000743 0.013 0.145 b.d. 95

AGSR0024 38 40 2 AR000744 0.009 0.094 b.d. 145

AGSR0024 40 42 2 AR000746 0.006 0.075 b.d. 75

AGSR0024 42 44 2 AR000747 0.004 0.05 b.d. 75

AGSR0025 0 2 2 AR000748 0.001 0.025 b.d. 350

AGSR0025 2 4 2 AR000749 0.001 0.022 b.d. 550

AGSR0025 4 6 2 AR000750 0.01 0.133 20 9370

AGSR0025 6 8 2 AR000751 0.006 0.141 20 11600

AGSR0025 8 10 2 AR000752 0.004 0.097 40 14500

AGSR0025 10 12 2 AR000753 0.012 0.191 50 14400

AGSR0025 12 14 2 AR000754 0.015 0.382 80 18200

AGSR0025 14 16 2 AR000756 0.026 0.406 60 15700

AGSR0025 16 18 2 AR000757 0.02 0.416 50 16400

AGSR0025 18 20 2 AR000758 0.024 0.458 40 10000

AGSR0025 20 22 2 AR000759 0.027 0.619 40 8890

AGSR0025 22 24 2 AR000760 0.025 0.584 60 15000

AGSR0025 24 26 2 AR000761 0.015 0.569 30 13100

AGSR0025 26 28 2 AR000762 0.025 0.984 40 15400

AGSR0025 28 30 2 AR000763 0.03 0.971 40 12700

AGSR0025 30 32 2 AR000764 0.035 0.997 30 11000

AGSR0025 32 34 2 AR000766 0.042 1.03 20 9520

AGSR0025 34 36 2 AR000767 0.041 1.08 30 10300

AGSR0025 36 38 2 AR000768 0.039 0.915 20 7960

AGSR0025 38 40 2 AR000769 0.031 0.686 b.d. 5460

AGSR0025 40 41 1 AR000770 0.033 0.532 b.d. 4420

AGSR0026 0 2 2 AR000771 0.002 0.025 b.d. 500

AGSR0026 2 4 2 AR000772 0.005 0.038 b.d. 535

AGSR0026 4 6 2 AR000773 0.002 0.039 10 1060

AGSR0026 6 8 2 AR000774 0.002 0.034 10 1570

AGSR0026 8 10 2 AR000776 0.007 0.131 20 3000

AGSR0026 10 12 2 AR000777 0.075 0.606 30 3120

AGSR0026 12 14 2 AR000778 0.027 0.734 b.d. 6500

AGSR0026 14 16 2 AR000779 0.025 0.771 10 6180

AGSR0026 16 18 2 AR000780 0.035 1.05 20 6190

AGSR0026 18 20 2 AR000781 0.032 1.41 10 8820

AGSR0026 20 22 2 AR000782 0.029 1.26 20 11100

AGSR0026 22 24 2 AR000783 0.111 1.77 20 12900

AGSR0026 24 26 2 AR000784 0.088 1.45 20 11500

AGSR0026 26 28 2 AR000786 0.122 0.967 10 11900

AGSR0026 28 30 2 AR000787 0.086 0.944 10 10100

AGSR0026 30 32 2 AR000788 0.063 0.732 10 10200

AGSR0026 32 34 2 AR000789 0.05 0.627 10 7340

AGSR0026 34 36 2 AR000790 0.041 0.56 20 9680

AGSR0026 36 38 2 AR000791 0.015 0.396 10 6400

AGSR0026 38 40 2 AR000792 0.024 0.43 20 6300

AGSR0026 40 41 1 AR000793 0.017 0.35 10 6920

AGSR0027 0 2 2 AR000794 0.003 0.036 b.d. 535

AGSR0027 2 4 2 AR000796 0.005 0.059 10 775

AGSR0027 4 6 2 AR000797 0.007 0.126 10 1720

AGSR0027 6 8 2 AR000798 b.d. 0.01 10 750

AGSR0027 8 10 2 AR000799 0.006 0.115 10 1440

Page 15: Drilling confirms continuity of cobalt and nickel mineralisation€¦ ·  · 2018-02-15and nickel mineralisation RC drilling at Goongarrie Nickel-Cobalt Project to improve confidence

15

Hole From (m)

To (m)

Width (m)

Sample number

Co (%)

Ni (%)

Sc (g/t)

Cr (ppm)

AGSR0027 10 12 2 AR000800 0.005 0.07 b.d. 1020

AGSR0027 12 14 2 AR000801 0.002 0.034 10 660

AGSR0027 14 16 2 AR000802 0.004 0.029 10 730

AGSR0027 16 18 2 AR000803 0.002 0.039 b.d. 1220

AGSR0027 18 20 2 AR000804 0.003 0.047 10 1660

AGSR0027 20 22 2 AR000806 0.002 0.054 10 2120

AGSR0027 22 24 2 AR000807 0.003 0.043 10 3280

AGSR0027 24 26 2 AR000808 0.014 0.178 30 5650

AGSR0027 26 28 2 AR000809 0.015 0.158 30 4620

AGSR0027 28 30 2 AR000810 0.021 0.262 40 7190

AGSR0027 30 32 2 AR000811 0.035 0.393 40 10700

AGSR0027 32 34 2 AR000812 0.038 0.439 40 14500

AGSR0027 34 36 2 AR000813 0.045 0.426 30 12100

AGSR0027 36 38 2 AR000814 0.051 0.459 30 13600

AGSR0027 38 40 2 AR000816 0.082 0.522 40 20100

AGSR0027 40 42 2 AR000817 0.08 0.589 30 17500

AGSR0027 42 44 2 AR000818 0.044 0.328 10 8950

AGSR0027 44 46 2 AR000819 0.045 0.291 b.d. 8430

AGSR0027 46 47 1 AR000820 0.027 0.211 b.d. 6530

AGSR0028 0 2 2 AR000821 0.003 0.033 b.d. 870

AGSR0028 2 4 2 AR000822 0.006 0.039 b.d. 985

AGSR0028 4 6 2 AR000823 0.002 0.028 b.d. 1040

AGSR0028 6 8 2 AR000824 b.d. 0.015 b.d. 960

AGSR0028 8 10 2 AR000826 0.002 0.02 10 815

AGSR0028 10 12 2 AR000827 0.002 0.024 b.d. 755

AGSR0028 12 14 2 AR000828 0.003 0.031 10 915

AGSR0028 14 16 2 AR000829 0.009 0.038 20 880

AGSR0028 16 18 2 AR000830 0.001 0.031 10 1140

AGSR0028 18 20 2 AR000831 0.002 0.034 b.d. 1780

AGSR0028 20 22 2 AR000832 0.001 0.035 10 2470

AGSR0028 22 24 2 AR000833 0.002 0.039 10 4300

AGSR0028 24 26 2 AR000834 0.004 0.081 10 4640

AGSR0028 26 28 2 AR000836 0.013 0.216 30 8020

AGSR0028 28 30 2 AR000837 0.015 0.271 40 7120

AGSR0028 30 32 2 AR000838 0.017 0.239 40 7180

AGSR0028 32 34 2 AR000839 0.026 0.254 30 11400

AGSR0028 34 36 2 AR000840 0.031 0.282 30 13900

AGSR0028 36 38 2 AR000841 0.042 0.386 40 11900

AGSR0028 38 40 2 AR000842 0.045 0.373 30 14700

AGSR0028 40 42 2 AR000843 0.047 0.389 30 15400

AGSR0028 42 44 2 AR000844 0.046 0.405 30 14600

AGSR0028 44 46 2 AR000846 0.052 0.455 30 21500

AGSR0028 46 47 1 AR000847 0.052 0.512 30 20900

AGSR0029 0 2 2 AR000848 0.002 0.025 b.d. 665

AGSR0029 2 4 2 AR000849 0.007 0.063 10 2010

AGSR0029 4 6 2 AR000850 0.007 0.073 b.d. 2350

AGSR0029 6 8 2 AR000851 b.d. 0.014 b.d. 1170

AGSR0029 8 10 2 AR000852 0.003 0.036 10 1750

AGSR0029 10 12 2 AR000853 0.004 0.044 10 2380

AGSR0029 12 14 2 AR000854 0.007 0.073 10 2500

AGSR0029 14 16 2 AR000856 0.004 0.047 b.d. 1970

AGSR0029 16 18 2 AR000857 0.004 0.045 10 2010

AGSR0029 18 20 2 AR000858 0.003 0.06 10 3820

AGSR0029 20 22 2 AR000859 0.02 0.273 10 10900

AGSR0029 22 24 2 AR000860 0.041 0.327 20 8160

AGSR0029 24 26 2 AR000861 0.035 0.4 10 15800

AGSR0029 26 28 2 AR000862 0.056 0.61 40 16400

AGSR0029 28 30 2 AR000863 0.048 0.455 30 26900

AGSR0029 30 32 2 AR000864 0.074 0.676 40 22200

AGSR0029 32 34 2 AR000866 0.079 0.862 30 17300

AGSR0029 34 36 2 AR000867 0.079 0.887 30 15300

AGSR0029 36 38 2 AR000868 0.068 0.758 30 15500

AGSR0029 38 40 2 AR000869 0.059 0.655 20 16700

AGSR0029 40 42 2 AR000870 0.046 0.499 20 12900

AGSR0029 42 44 2 AR000871 0.04 0.447 20 10100

AGSR0029 44 46 2 AR000872 0.037 0.421 20 10700

AGSR0029 46 48 2 AR000873 0.036 0.418 b.d. 12200

AGSR0029 48 50 2 AR000874 0.035 0.413 b.d. 11400

AGSR0029 50 52 2 AR000876 0.02 0.237 b.d. 5470

AGSR0029 52 53 1 AR000877 0.019 0.218 b.d. 5200

AGSR0030 0 2 2 AR000878 0.001 0.012 b.d. 275

AGSR0030 2 4 2 AR000879 0.001 0.019 b.d. 435

AGSR0030 4 6 2 AR000880 0.002 0.022 b.d. 880

AGSR0030 6 8 2 AR000881 0.001 0.009 b.d. 665

AGSR0030 8 10 2 AR000882 0.001 0.015 b.d. 605

AGSR0030 10 12 2 AR000883 b.d. 0.018 b.d. 635

AGSR0030 12 14 2 AR000884 0.004 0.034 b.d. 735

AGSR0030 14 16 2 AR000886 0.004 0.032 b.d. 610

AGSR0030 16 18 2 AR000887 b.d. 0.007 b.d. 115

AGSR0030 18 20 2 AR000888 b.d. 0.004 b.d. 30

AGSR0030 20 22 2 AR000889 b.d. 0.004 b.d. 45

AGSR0030 22 24 2 AR000890 b.d. 0.009 b.d. 705

AGSR0030 24 26 2 AR000891 0.001 0.017 b.d. 645

AGSR0030 26 28 2 AR000892 b.d. 0.017 b.d. 710

AGSR0030 28 30 2 AR000893 0.001 0.027 b.d. 910

AGSR0030 30 32 2 AR000894 b.d. 0.02 b.d. 970

AGSR0030 32 34 2 AR000896 0.001 0.037 b.d. 2330

AGSR0030 34 36 2 AR000897 0.013 0.316 b.d. 9730

AGSR0030 36 38 2 AR000898 0.026 0.515 b.d. 10500

AGSR0030 38 40 2 AR000899 0.05 0.962 20 20900

AGSR0030 40 42 2 AR000900 0.065 0.909 20 19200

AGSR0030 42 44 2 AR000901 0.057 0.836 10 22700

AGSR0030 44 46 2 AR000902 0.031 0.378 b.d. 11600

AGSR0030 46 47 1 AR000903 0.023 0.276 b.d. 8520

Hole From (m)

To (m)

Width (m)

Sample number

Co (%)

Ni (%)

Sc (g/t)

Cr (ppm)

AGSR0031 0 2 2 AR000904 0.001 0.014 b.d. 285

AGSR0031 2 4 2 AR000906 0.002 0.016 10 425

AGSR0031 4 6 2 AR000907 0.001 0.016 10 1320

AGSR0031 6 8 2 AR000908 0.001 0.006 10 590

AGSR0031 8 10 2 AR000909 0.001 0.012 10 350

AGSR0031 10 12 2 AR000910 b.d. 0.008 b.d. 655

AGSR0031 12 14 2 AR000911 0.001 0.007 b.d. 295

AGSR0031 14 16 2 AR000912 0.001 0.019 b.d. 740

AGSR0031 16 18 2 AR000913 0.002 0.016 10 935

AGSR0031 18 20 2 AR000914 0.001 0.02 b.d. 975

AGSR0031 20 22 2 AR000916 0.002 0.05 b.d. 1620

AGSR0031 22 24 2 AR000917 0.005 0.138 b.d. 1750

AGSR0031 24 26 2 AR000918 0.019 0.48 10 5060

AGSR0031 26 28 2 AR000919 0.016 0.448 b.d. 6220

AGSR0031 28 30 2 AR000920 0.013 0.365 10 5180

AGSR0031 30 32 2 AR000921 0.013 0.301 b.d. 5060

AGSR0031 32 34 2 AR000922 0.019 0.263 b.d. 3770

AGSR0031 34 36 2 AR000923 0.009 0.198 b.d. 3140

AGSR0031 36 38 2 AR000924 0.016 0.26 b.d. 3380

AGSR0031 38 40 2 AR000926 0.016 0.283 b.d. 3930

AGSR0031 40 42 2 AR000927 0.019 0.288 b.d. 4080

AGSR0031 42 44 2 AR000928 0.018 0.243 b.d. 4480

AGSR0032 0 2 2 AR000929 0.003 0.036 b.d. 795

AGSR0032 2 4 2 AR000930 0.007 0.184 20 13100

AGSR0032 4 6 2 AR000931 0.007 0.198 20 13200

AGSR0032 6 8 2 AR000932 0.005 0.094 10 4680

AGSR0032 8 10 2 AR000933 0.007 0.236 10 5350

AGSR0032 10 12 2 AR000934 0.012 0.385 20 5980

AGSR0032 12 14 2 AR000936 0.016 0.439 20 7070

AGSR0032 14 16 2 AR000937 0.02 0.693 10 15300

AGSR0032 16 18 2 AR000938 0.021 0.625 10 14100

AGSR0032 18 20 2 AR000939 0.016 0.541 10 10500

AGSR0032 20 22 2 AR000940 0.023 0.544 10 16800

AGSR0032 22 24 2 AR000941 0.021 0.572 20 15200

AGSR0032 24 26 2 AR000942 0.016 0.423 10 13700

AGSR0032 26 28 2 AR000943 0.013 0.355 10 10600

AGSR0032 28 30 2 AR000944 0.039 0.781 10 12000

AGSR0032 30 32 2 AR000946 0.048 0.733 b.d. 15600

AGSR0032 32 34 2 AR000947 0.05 0.704 b.d. 9560

AGSR0032 34 36 2 AR000948 0.02 0.484 10 16200

AGSR0032 36 38 2 AR000949 0.036 0.414 b.d. 7490

AGSR0032 38 40 2 AR000950 0.028 0.322 b.d. 3000

AGSR0032 40 42 2 AR000951 0.029 0.396 b.d. 6940

AGSR0032 42 44 2 AR000952 0.022 0.381 b.d. 6650

AGSR0032 44 46 2 AR000953 0.025 0.51 b.d. 9510

AGSR0032 46 47 1 AR000954 0.021 0.456 b.d. 6790

AGSR0033 0 2 2 AR000956 0.004 0.061 b.d. 1120

AGSR0033 2 4 2 AR000957 0.018 0.374 30 6400

AGSR0033 4 6 2 AR000958 0.022 0.465 40 12500

AGSR0033 6 8 2 AR000959 0.01 0.187 20 5780

AGSR0033 8 10 2 AR000960 0.007 0.133 20 6320

AGSR0033 10 12 2 AR000961 0.014 0.249 20 4120

AGSR0033 12 14 2 AR000962 0.017 0.336 20 2070

AGSR0033 14 16 2 AR000963 0.028 0.445 20 1860

AGSR0033 16 18 2 AR000964 0.018 0.468 20 2550

AGSR0033 18 20 2 AR000966 0.037 0.692 10 3300

AGSR0033 20 22 2 AR000967 0.037 0.597 10 4450

AGSR0033 22 24 2 AR000968 0.032 0.367 10 2380

AGSR0033 24 26 2 AR000969 0.023 0.267 b.d. 885

AGSR0033 26 28 2 AR000970 0.019 0.25 b.d. 835

AGSR0033 28 30 2 AR000971 0.017 0.192 b.d. 625

AGSR0033 30 32 2 AR000972 0.018 0.23 b.d. 910

AGSR0033 32 33 1 AR000973 0.017 0.208 b.d. 675

AGSR0034 0 2 2 AR000974 0.002 0.018 10 385

AGSR0034 2 4 2 AR000976 0.005 0.066 10 2020

AGSR0034 4 6 2 AR000977 0.008 0.131 30 5460

AGSR0034 6 8 2 AR000978 0.003 0.046 20 6080

AGSR0034 8 10 2 AR000979 0.005 0.082 20 9090

AGSR0034 10 12 2 AR000980 0.011 0.203 40 8020

AGSR0034 12 14 2 AR000981 0.011 0.3 40 10100

AGSR0034 14 16 2 AR000982 0.017 0.525 40 6500

AGSR0034 16 18 2 AR000983 0.038 0.932 30 6470

AGSR0034 18 20 2 AR000984 0.028 0.478 b.d. 1920

AGSR0034 20 22 2 AR000986 0.022 0.417 10 2050

AGSR0034 22 24 2 AR000987 0.013 0.156 b.d. 970

AGSR0034 24 26 2 AR000988 0.017 0.283 b.d. 1540

AGSR0034 26 28 2 AR000989 0.016 0.296 10 1360

AGSR0034 28 30 2 AR000990 0.016 0.261 b.d. 985

AGSR0034 30 32 2 AR000991 0.018 0.37 b.d. 1480

AGSR0034 32 34 2 AR000992 0.01 0.237 b.d. 1220

AGSR0034 34 36 2 AR000993 0.017 0.506 b.d. 2330

AGSR0034 36 38 2 AR000994 0.016 0.234 b.d. 990

AGSR0034 38 40 2 AR000996 0.013 0.202 b.d. 995

AGSR0034 40 42 2 AR000997 0.012 0.271 b.d. 1220

AGSR0034 42 44 2 AR000998 0.007 0.219 b.d. 1100

AGSR0034 44 46 2 AR000999 0.007 0.225 b.d. 1010

AGSR0034 46 48 2 AR001000 0.007 0.215 b.d. 1210

AGSR0035 0 2 2 AR001001 0.002 0.02 b.d. 320

AGSR0035 2 4 2 AR001003 0.002 0.032 10 640

AGSR0035 4 6 2 AR001004 0.001 0.017 10 1060

AGSR0035 6 8 2 AR001005 0.002 0.018 10 950

AGSR0035 8 10 2 AR001006 0.011 0.111 30 2850

AGSR0035 10 12 2 AR001007 0.017 0.153 40 6550

AGSR0035 12 14 2 AR001008 0.022 0.302 50 9940

Page 16: Drilling confirms continuity of cobalt and nickel mineralisation€¦ ·  · 2018-02-15and nickel mineralisation RC drilling at Goongarrie Nickel-Cobalt Project to improve confidence

16

Hole From (m)

To (m)

Width (m)

Sample number

Co (%)

Ni (%)

Sc (g/t)

Cr (ppm)

AGSR0035 14 16 2 AR001009 0.018 0.35 80 13800

AGSR0035 16 18 2 AR001010 0.026 0.376 50 10300

AGSR0035 18 20 2 AR001011 0.041 0.602 30 9940

AGSR0035 20 22 2 AR001013 0.048 1 20 13800

AGSR0035 22 24 2 AR001014 0.069 1.92 40 17000

AGSR0035 24 26 2 AR001015 0.094 1.52 30 14800

AGSR0035 26 28 2 AR001016 0.037 0.878 20 12200

AGSR0035 28 30 2 AR001017 0.031 0.652 b.d. 11300

AGSR0035 30 32 2 AR001018 0.038 0.829 20 12000

AGSR0035 32 34 2 AR001019 0.033 0.822 20 9710

AGSR0035 34 36 2 AR001020 0.021 0.513 20 8120

AGSR0035 36 38 2 AR001021 0.022 0.425 20 7410

AGSR0035 38 40 2 AR001023 0.023 0.394 10 6990

AGSR0035 40 42 2 AR001024 0.023 0.342 10 5810

AGSR0035 42 44 2 AR001025 0.014 0.274 10 4330

AGSR0035 44 45 1 AR001026 0.014 0.264 b.d. 3340

AGSR0036 0 2 2 AR001027 0.017 0.312 10 4980

AGSR0036 2 4 2 AR001028 0.005 0.092 b.d. 1770

AGSR0036 4 6 2 AR001029 0.001 0.006 10 1100

AGSR0036 6 8 2 AR001030 0.001 0.01 b.d. 940

AGSR0036 8 10 2 AR001031 0.004 0.052 b.d. 1500

AGSR0036 10 12 2 AR001033 0.004 0.066 b.d. 1560

AGSR0036 12 14 2 AR001034 0.001 0.014 10 830

AGSR0036 14 16 2 AR001035 0.005 0.14 b.d. 3490

AGSR0036 16 18 2 AR001036 0.04 0.716 b.d. 5040

AGSR0036 18 20 2 AR001037 0.028 0.564 10 8550

AGSR0036 20 22 2 AR001038 0.028 0.371 b.d. 5900

AGSR0036 22 24 2 AR001039 0.025 0.287 b.d. 4430

AGSR0036 24 26 2 AR001040 0.019 0.224 b.d. 3230

AGSR0036 26 28 2 AR001041 0.027 0.261 b.d. 3920

AGSR0036 28 30 2 AR001043 0.027 0.241 b.d. 3110

AGSR0036 30 32 2 AR001044 0.025 0.389 b.d. 5620

AGSR0036 32 33 1 AR001045 0.022 0.284 b.d. 5000

AGSR0037 0 2 2 AR001046 0.002 0.021 b.d. 455

AGSR0037 2 4 2 AR001047 0.002 0.048 b.d. 2090

AGSR0037 4 6 2 AR001048 0.006 0.192 20 11000

AGSR0037 6 8 2 AR001049 0.004 0.148 10 8990

AGSR0037 8 10 2 AR001050 0.002 0.025 10 860

AGSR0037 10 12 2 AR001051 0.001 0.016 10 165

AGSR0037 12 14 2 AR001053 0.001 0.039 b.d. 315

AGSR0037 14 16 2 AR001054 0.021 0.411 10 260

AGSR0037 16 18 2 AR001055 0.038 0.465 10 150

AGSR0037 18 20 2 AR001056 0.024 0.494 10 90

AGSR0037 20 22 2 AR001057 0.015 0.43 10 40

AGSR0037 22 24 2 AR001058 0.017 0.626 10 110

AGSR0037 24 26 2 AR001059 0.018 0.504 10 40

AGSR0037 26 28 2 AR001060 0.014 0.325 10 100

AGSR0037 28 30 2 AR001061 0.015 0.222 b.d. 85

AGSR0037 30 32 2 AR001063 0.016 0.253 10 140

AGSR0037 32 34 2 AR001064 0.016 0.149 10 90

AGSR0037 34 36 2 AR001065 0.018 0.232 b.d. 185

AGSR0037 36 38 2 AR001066 0.042 0.492 20 5860

AGSR0037 38 39 1 AR001067 0.02 0.343 10 6890

AGSR0038 0 2 2 AR001068 0.004 0.046 b.d. 540

AGSR0038 2 4 2 AR001069 0.003 0.044 10 810

AGSR0038 4 6 2 AR001070 0.001 0.018 10 695

AGSR0038 6 8 2 AR001071 b.d. 0.007 10 380

AGSR0038 8 10 2 AR001073 b.d. 0.006 b.d. 250

AGSR0038 10 12 2 AR001074 b.d. 0.016 b.d. 480

AGSR0038 12 14 2 AR001075 0.044 0.254 30 8430

AGSR0038 14 16 2 AR001076 0.046 0.662 50 16100

AGSR0038 16 18 2 AR001077 0.026 0.904 70 12500

AGSR0038 18 20 2 AR001078 0.037 0.98 50 9640

AGSR0038 20 22 2 AR001079 0.051 1.23 50 9520

AGSR0038 22 24 2 AR001080 0.039 0.81 20 6030

AGSR0038 24 26 2 AR001081 0.03 0.645 10 4300

AGSR0038 26 28 2 AR001083 0.023 0.446 10 2780

AGSR0038 28 30 2 AR001084 0.026 0.42 10 2490

AGSR0038 30 32 2 AR001085 0.028 0.304 b.d. 1190

AGSR0038 32 34 2 AR001086 0.014 0.243 b.d. 1170

AGSR0038 34 36 2 AR001087 0.014 0.272 b.d. 1490

AGSR0039 0 2 2 AR001088 0.003 0.031 b.d. 415

AGSR0039 2 4 2 AR001089 0.003 0.036 10 615

AGSR0039 4 6 2 AR001090 0.001 0.012 10 710

AGSR0039 6 8 2 AR001091 0.003 0.03 10 710

AGSR0039 8 10 2 AR001093 0.004 0.046 b.d. 790

AGSR0039 10 12 2 AR001094 0.004 0.041 10 535

AGSR0039 12 14 2 AR001095 0.006 0.041 b.d. 295

AGSR0039 14 16 2 AR001096 0.005 0.052 b.d. 585

AGSR0039 16 18 2 AR001097 0.004 0.056 b.d. 345

AGSR0039 18 20 2 AR001098 0.002 0.023 b.d. 145

AGSR0039 20 22 2 AR001099 b.d. 0.011 b.d. 120

AGSR0039 22 24 2 AR001100 0.001 0.01 b.d. 175

AGSR0039 24 26 2 AR001101 0.003 0.038 b.d. 245

AGSR0039 26 28 2 AR001103 0.002 0.026 b.d. 610

AGSR0039 28 30 2 AR001104 0.003 0.016 b.d. 815

AGSR0039 30 32 2 AR001105 0.012 0.238 30 13500

AGSR0039 32 34 2 AR001106 0.012 0.411 40 15700

AGSR0039 34 36 2 AR001107 0.014 0.682 100 21300

AGSR0039 36 38 2 AR001108 0.052 1.26 60 12300

AGSR0039 38 40 2 AR001109 0.059 0.978 40 13400

AGSR0039 40 42 2 AR001110 0.043 0.695 30 9560

AGSR0039 42 44 2 AR001111 0.058 0.79 30 8520

AGSR0039 44 46 2 AR001113 0.028 0.692 20 6680

Hole From (m)

To (m)

Width (m)

Sample number

Co (%)

Ni (%)

Sc (g/t)

Cr (ppm)

AGSR0039 46 48 2 AR001114 0.025 0.679 20 7040

AGSR0039 48 50 2 AR001115 0.025 0.618 20 6640

AGSR0039 50 52 2 AR001116 0.034 0.463 10 4330

AGSR0039 52 54 2 AR001117 0.042 0.467 10 4300

AGSR0039 54 56 2 AR001118 0.021 0.344 10 3700

AGSR0039 56 58 2 AR001119 0.017 0.256 b.d. 2120

AGSR0039 58 60 2 AR001120 0.018 0.299 b.d. 2890

AGSR0039 60 62 2 AR001121 0.016 0.259 b.d. 2690

AGSR0039 62 63 1 AR001123 0.016 0.263 b.d. 2230

AGSR0040 0 2 2 AR001124 0.003 0.057 b.d. 895

AGSR0040 2 4 2 AR001125 0.002 0.02 10 440

AGSR0040 4 6 2 AR001126 0.001 0.021 10 660

AGSR0040 6 8 2 AR001127 b.d. 0.014 10 280

AGSR0040 8 10 2 AR001128 b.d. 0.012 b.d. 310

AGSR0040 10 12 2 AR001129 b.d. 0.006 10 650

AGSR0040 12 14 2 AR001130 b.d. 0.005 10 220

AGSR0040 14 16 2 AR001131 b.d. 0.006 b.d. 315

AGSR0040 16 18 2 AR001133 0.004 0.01 b.d. 200

AGSR0040 18 20 2 AR001134 0.004 0.012 b.d. 325

AGSR0040 20 22 2 AR001135 0.006 0.024 b.d. 580

AGSR0040 22 24 2 AR001136 0.017 0.119 b.d. 2900

AGSR0040 24 26 2 AR001137 0.019 0.217 10 3300

AGSR0040 26 28 2 AR001138 0.014 0.274 10 4500

AGSR0040 28 30 2 AR001139 0.009 0.158 b.d. 1350

AGSR0040 30 32 2 AR001140 0.009 0.147 b.d. 1500

AGSR0040 32 34 2 AR001141 0.01 0.172 b.d. 1860

AGSR0040 34 36 2 AR001143 0.008 0.152 b.d. 2510

AGSR0041 0 2 2 AR001144 0.002 0.036 b.d. 615

AGSR0041 2 4 2 AR001145 0.001 0.025 10 575

AGSR0041 4 6 2 AR001146 0.001 0.018 10 670

AGSR0041 6 8 2 AR001147 b.d. 0.005 b.d. 575

AGSR0041 8 10 2 AR001148 b.d. 0.011 10 270

AGSR0041 10 12 2 AR001149 0.001 0.01 b.d. 300

AGSR0041 12 14 2 AR001150 0.008 0.032 b.d. 1180

AGSR0041 14 16 2 AR001151 0.02 0.118 10 2010

AGSR0041 16 18 2 AR001153 0.023 0.268 10 3230

AGSR0041 18 20 2 AR001154 0.038 0.586 30 4780

AGSR0041 20 22 2 AR001155 0.051 0.99 30 6340

AGSR0041 22 24 2 AR001156 0.051 1.11 20 6600

AGSR0041 24 26 2 AR001157 0.048 1.03 30 6980

AGSR0041 26 28 2 AR001158 0.025 0.703 20 2490

AGSR0041 28 30 2 AR001159 0.035 0.778 10 4250

AGSR0041 30 32 2 AR001160 0.009 0.275 b.d. 1090

AGSR0041 32 34 2 AR001161 0.01 0.302 10 1560

AGSR0041 34 36 2 AR001163 0.01 0.268 10 1120

AGSR0041 36 38 2 AR001164 0.007 0.16 b.d. 825

AGSR0041 38 39 1 AR001165 0.005 0.099 10 420

AGSR0042 0 2 2 AR001166 0.002 0.017 b.d. 315

AGSR0042 2 4 2 AR001167 0.002 0.033 10 755

AGSR0042 4 6 2 AR001168 0.001 0.01 10 490

AGSR0042 6 8 2 AR001169 0.001 0.009 10 520

AGSR0042 8 10 2 AR001170 0.002 0.026 b.d. 1440

AGSR0042 10 12 2 AR001171 0.02 0.092 b.d. 950

AGSR0042 12 14 2 AR001173 0.024 0.467 10 2560

AGSR0042 14 16 2 AR001174 0.014 0.25 b.d. 980

AGSR0042 16 18 2 AR001175 0.008 0.209 b.d. 890

AGSR0042 18 20 2 AR001176 0.008 0.147 10 630

AGSR0042 20 22 2 AR001177 0.01 0.2 10 830

AGSR0042 22 24 2 AR001178 0.013 0.264 10 1150

AGSR0042 24 26 2 AR001179 0.042 0.689 10 3890

AGSR0042 26 28 2 AR001180 0.021 0.269 10 1440

AGSR0042 28 30 2 AR001181 0.019 0.293 10 2190

AGSR0042 30 32 2 AR001183 0.019 0.28 10 2000

AGSR0042 32 34 2 AR001184 0.017 0.245 b.d. 1340

AGSR0042 34 36 2 AR001185 0.017 0.298 b.d. 1960

AGSR0042 36 38 2 AR001186 0.016 0.218 b.d. 620

AGSR0043 0 2 2 AR001187 0.006 0.048 10 445

AGSR0043 2 4 2 AR001188 0.002 0.018 10 580

AGSR0043 4 6 2 AR001189 0.002 0.015 10 570

AGSR0043 6 8 2 AR001190 0.001 0.005 10 290

AGSR0043 8 10 2 AR001191 0.003 0.032 b.d. 745

AGSR0043 10 12 2 AR001193 0.003 0.042 b.d. 790

AGSR0043 12 14 2 AR001194 0.022 0.091 b.d. 1630

AGSR0043 14 16 2 AR001195 0.021 0.118 b.d. 1300

AGSR0043 16 18 2 AR001196 0.029 0.214 b.d. 750

AGSR0043 18 20 2 AR001197 0.019 0.19 b.d. 470

AGSR0043 20 22 2 AR001198 0.014 0.176 b.d. 510

AGSR0043 22 24 2 AR001199 0.018 0.201 b.d. 660

AGSR0043 24 26 2 AR001200 0.022 0.232 b.d. 560

AGSR0043 26 28 2 AR001201 0.02 0.29 b.d. 1290

AGSR0043 28 30 2 AR001203 0.016 0.316 b.d. 1990

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Appendix 3 – Collated intercepts, Goongarrie South

Parameters used to define nickel, cobalt, and scandium intercepts at Goongarrie South

Parameter Nickel Cobalt Scandium

Minimum cut-off 0.50 % Ni 0.10 % Co 50 g/t Sc

Minimum intercept thickness 2 m 2 m 2 m

Maximum internal waste thickness 4 m 4 m 4 m

Nickel, cobalt, and scandium intercepts from new drilling at Goongarrie South

All newly defined cobalt intercepts at Goongarrie South (calculated both from new data and historic data) were calculated using the following parameters:

• Intercepts based on nickel distributions were first calculated using 0.50 % nickel minimum cut-off, 2 m minimum intercept, and 4 m internal waste. Such parameters define broad intercepts that may be cobalt bearing or cobalt poor. Intercepts are considered of interest where cobalt values exceed 0.08%.

• Intercepts based on cobalt distributions are then calculated using a 0.10 % cobalt minimum cut-off, 2 m minimum intercept, and 4 m internal waste. All significant cobalt intercepts are hosted within the broader nickel-based intercepts and tend to define higher-grade, shorter intercepts.

• Where core loss was an issue, and where the thickness of core loss was less than the internal waste thickness, grades in zones of core loss were taken as the weighted average of the intervals immediately above and below the core loss interval in question. This provides grade distributions downhole that are consistent with mineralised zones, where cobalt and nickel grades are observed to change gradually rather than randomly downhole. By defining zones of core loss as being of a value between the interval above and the interval below, a similarly smooth transition in grades downhole is achieved. This method of estimated grade in zones of core loss is therefore considered the most suitable means of defining grade in such zones at Goongarrie South.

• Where an interval of core loss, through calculation, marked the beginning or end of a mineralised interval, this core loss interval was not included in that mineralisation interval.

Scandium intercepts were defined by using a 50g/t scandium minimum cut-off, a 2 m minimum intercept, and a 4 m internal waste. Scandium intercept distributions do not show a consistent relationship to cobalt and nickel mineralisation and are usually in the shallow subsurface.

Pamela West deposit10

6669840 mN section

AGSR0003 2 m at 50 g/t scandium from 6.3 m11

and 12 m at 0.027 % cobalt and 0.85 % nickel from 18.3 m12

including 2 m at 50 g/t scandium and 1.06 % nickel from 20.3 m11

AGSR0002 22 m at 0.068 % cobalt and 1.037 % nickel from 8 m12

including 2 m at 0.201 % cobalt and 0.895 % nickel from 10 m13

and 4 m at 50 g/t scandium, 0.053 % cobalt, and 1.07 % nickel from 14 m11

AGSR0001 24 m at 0.071 % cobalt and 0.616 % nickel from 8.3 m12

including 4 m at 0.209 % cobalt and 0.85 % nickel from 14.3 m13

6669760 mN section

AGSR0005 32 m at 0.09 % cobalt and 1.06 % nickel from 16 m12

including 14 m at 0.146 % cobalt and 1.457 % nickel from 22 m13

AGSR0004 4 m at 50 g/t scandium from 4 m11

10 Drillholes for the Pamela West deposit are listed first by section (north to south), then by hole west to east 11 Scandium-defined intercept (see top p.17) 12 Nickel-defined intercept (see top p.17) 13 Cobalt-defined intercept (see top p.17)

Page 18: Drilling confirms continuity of cobalt and nickel mineralisation€¦ ·  · 2018-02-15and nickel mineralisation RC drilling at Goongarrie Nickel-Cobalt Project to improve confidence

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Elsie South deposit14

6668000 mN section

AGSR0042 2 m at 0.042 % cobalt and 0.689 % nickel from 24 m12

AGSR0041 12 m at 0.041 % cobalt and 0.866 % nickel from 18 m12

6667920 mN section

AGSR0036 4 m at 0.034 % cobalt and 0.64 % nickel from 16 m12

AGSR0037 4 m at 0.017 % cobalt and 0.565 % nickel from 22 m12

AGSR0038 12 m at 0.038 % cobalt and 0.872 % nickel from 14 m12

including 8 m at 55 g/t scandium and 0.944 % nickel from 14 m11

AGSR0039 16 m at 0.038 % cobalt and 0.799 % nickel from 34 m12

including 4 m at 80 g/t scandium and 0.971 % nickel from 34 m11

6667840 mN section

AGSR0027 4 m at 0.081 % cobalt and 0.556 % nickel from 38 m12

including 4 m at 0.081 % cobalt and 0.556 % nickel from 38 m13

AGSR0029 14 m at 0.066 % cobalt and 0.7 % nickel from 26 m12

AGSR0030 8 m at 0.049 % cobalt and 0.805 % nickel from 36 m12

AGSR0032 20 m at 0.027 % cobalt and 0.597 % nickel from 14 m12

and 2 m at 0.025 % cobalt and 0.51 % nickel from 44 m12

AGSR0033 4 m at 0.037 % cobalt and 0.644 % nickel from 18 m12

AGSR0034 4 m at 0.027 % cobalt and 0.728 % nickel from 14 m12

and 2 m at 0.017 % cobalt and 0.506 % nickel from 34 m12

AGSR0035 6 m at 60 g/t scandium from 12 m11

and 18 m at 0.046 % cobalt and 0.971 % nickel from 18 m12

including 2 m at 0.094 % cobalt and 1.52 % nickel from 24 m13

6667760 mN section

AGSR0022 14 m at 0.062 % cobalt and 0.754 % nickel from 28 m12

including 4 m at 0.105 % cobalt and 0.791 % nickel from 38 m13

AGSR0023 4 m at 0.05 % cobalt and 0.726 % nickel from 14 m12

AGSR0025 14 m at 54 g/t scandium from 10 m11

21 m at 0.031 % cobalt and 0.829 % nickel from 20 m12

AGSR0026 26 m at 0.06 % cobalt and 0.991 % nickel from 10 m12

including 8 m at 0.102 % cobalt and 1.283 % nickel from 22 m13

14 Drillholes for the Elsie South deposit are listed first by section (north to south), then by hole west to east

Page 19: Drilling confirms continuity of cobalt and nickel mineralisation€¦ ·  · 2018-02-15and nickel mineralisation RC drilling at Goongarrie Nickel-Cobalt Project to improve confidence

19

6667680 mN section

AGSR0011 16 m at 0.047 % cobalt and 0.62 % nickel from 40 m12

including 4 m at 50 g/t scandium, 0.056 % cobalt, and 0.714 % nickel from 40 m11

and 2 m at 0.113 % cobalt and 0.697 % nickel from 44 m13

AGSR0010 40 m at 0.032 % cobalt and 0.852 % nickel from 28 m12

including 14 m at 51 g/t scandium, 0.025 % cobalt, and 1.166 % nickel from 30 m11

AGSR0009 12 m at 55 g/t scandium, 0.034 % cobalt, and 1.054 % nickel from 10 m11

and 56 m at 0.066 % cobalt and 1.085 % nickel from 12 m12

including 16 m at 0.111 % cobalt and 1.202 % nickel from 30 m13

and 2 m at 50 g/t scandium, 0.104 % cobalt, and 1.50 % nickel from 32 m11

AGSR0008 6 m at 0.028 % cobalt and 0.556 % nickel from 22 m12

and 4 m at 0.047 % cobalt and 0.641 % nickel from 34 m12

AGSR0007 6 m at 0.029 % cobalt and 0.613 % nickel from 12 m12

including 2 m at 60 g/t scandium, 0.026 % cobalt, and 0.672 % nickel from 12 m11

and 2 m at 0.03 % cobalt and 0.571 % nickel from 44 m12

AGSR0006 28 m at 0.037 % cobalt and 0.809 % nickel from 10 m12

including 2 m at 60 g/t scandium, 0.035 % cobalt, and 0.679 % nickel from 10 m11

6667600 mN section

AGSR0012 2 m at 50 g/t scandium from 42 m11

AGSR0015 32 m at 0.083 % cobalt and 0.872 % nickel from 32 m12

including 24 m at 0.098 % cobalt and 0.986 % nickel from 36 m13

AGSR0016 20 m at 50 g/t scandium, 0.029 % cobalt, and 0.671 % nickel from 10 m11

and 24 m at 0.032 % cobalt and 0.724 % nickel from 14 m12

AGSR0017 22 m at 0.056 % cobalt and 0.715 % nickel from 14 m12

including 4 m at 50 g/t scandium, 0.043 % cobalt, and 0.634 % nickel from 14 m11

and 2 m at 50 g/t scandium, 0.034 % cobalt, and 0.907 % nickel from 24 m11

and 4 m at 0.119 % cobalt and 0.889 % nickel from 28 m13

AGSR0018 4 m at 0.044 % cobalt and 0.551 % nickel from 18 m12

6667520 mN section

AGSR0020 4 m at 50 g/t scandium from 12 m11

and 2 m at 0.042 % cobalt and 0.57 % nickel from 14 m12

and 14 m at 0.021 % cobalt and 0.621 % nickel from 28 m12

AGSR0019 10 m at 0.035 % cobalt and 0.408 % nickel from 18 m12

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Appendix 4 – JORC Code, 2012 Edition, Table 1 report

Section 1 Sampling Techniques and Data

(Criteria in this section applies to all succeeding sections)

Criteria JORC Code explanation Commentary

Sampling techniques

Note: Due to the

similarity of the deposit

styles, procedures and

estimations used this

table represents the

combined methods for

all Ardea Resources

(ARL) Cobalt and

Nickel Laterite

Resources. Where data

not collected by ARL

has been used in the

resource calculations,

variances in techniques

are noted.

• Nature and quality of sampling (e.g. 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 (e.g. ‘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 (e.g. submarine nodules) may warrant disclosure of detailed information.

• All holes were sampled “in-principle” on a 2 metre down hole interval basis, with exceptions being made due to visual geological/mineralogical breaks, and end of hole final-lengths. All sampling lengths were recorded in ARL’s standard core-sampling record spreadsheets. Sample condition, sample recovery and sample size were recorded for all drill-core samples collected by ARL.

• The drill spacing was designed to augment historic drilling, bringing drill densities down from 80mE x 80mN to 40mE x 80mN. The drilling will also contribute to provide material for the purpose of metallurgical sampling and production of production of pilot marketing samples of cobalt sulphate and nickel sulphate.

• Industry standard practice was used in the processing of samples for assay, with 2m intervals of RC chips collected in green plastic bags. As the drilling was within a 2012 JORC-compliant Indicated Ni-Co resource, prior knowledge of the resource peculiarities contributes and assists significantly to current interpretation of mineralisation.

• Assay of samples utilised standard laboratory techniques with standard ICP-AES undertaken on 50 gram samples for Au, Pt and Pd, and lithium borate fused-bead XRF analysis used for the remaining multi-element suite. Further details of lab processing techniques are found in Quality of assay data and laboratory tests below.

Drilling techniques • Drill type (e.g. core, reverse circulation, open-hole hammer, rotary air blast, auger, Bangka, sonic, etc) 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).

• In this most recent program, Ardea drilled the Goongarrie South deposit with 43 diamond drill holes on a varying MGA94 z51 northing grid-spacing of 80m at several localities (see Figure 2). Holes were vertical (-90 degree dip), designed to optimally intersect the sub-horizontal mineralisation. RC drilling was performed with a face sampling hammer (bit diameter between 4½ and 5 ¼ inches) and samples were collected by either a cone (majority) or riffle splitter using 2 metre composites. Sample condition, sample recovery and sample size were recorded for all drill samples collected by ARL.

Drill sample recovery • Method of recording and assessing core and chip sample recoveries and results assessed.

• 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.

• RC chip sample recovery was recorded by visual estimation of the reject sample, expressed as a percentage recovery. Overall estimated recovery was approximately 80%, which is considered to be acceptable for nickel-cobalt laterite deposits. RC Chip sample condition recorded using a three code system, D=Dry, M=Moist, W=Wet. A small proportion of samples were moist or wet (11.5%), with the majority of these being associated with soft goethite clays, where water injection has been used to improve drill recovery.

• Measures taken to ensure maximum RC sample recoveries included maintaining a clean cyclone and drilling equipment, using water injection at times of reduced air circulation, as well as regular communication with the drillers and slowing drill advance rates when variable to poor ground conditions are encountered.

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.

• Drilling was undertaken for metallurgical purposes, and twinning comparison with previous historic RC holes. The level of logging detail utilised supports this type of review and was as follows: Visual geological logging was completed for all drilling both at the time of drilling (using standard Ardea laterite logging codes), and later over relevant met-sample intervals with a metallurgical-logging perspective. Geochemistry from historic data was used together with logging data to validate logged geological horizons. Nickel laterite profiles contain geochemically very distinct horizons and represent a sound validation tool against visual logging. The major part of the logging system was developed by Heron Resources Limited specifically for the KNP and was designed to facilitate future geo-metallurgical studies. It has been customised by Ardea Resources Limited as considered appropriate for recent developments. Planned drill hole target lengths were adjusted by the geologist during drilling. The geologist also oversaw all sampling and drilling practices. A mixture of ARL employees and contract geologists supervised all drilling. Quarter core of all drilling has been retained for reference.

• Visual geological logging was completed for all RC drilling on 1 metre intervals. The logging system was developed by Heron Resources Limited specifically for the KNP and was designed to facilitate future geo-metallurgical studies. Logging was performed at the time of drilling, and planned drill hole target lengths adjusted by the geologist during drilling. The geologist also oversaw all sampling and drilling practices. A mixture of ARL employees and contract geologists supervised all drilling.

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Criteria JORC Code explanation Commentary

A small selection of representative chips were also collected for every 1 metre interval and stored in chip-trays for future reference. Only drilling contractors with previous nickel laterite experience and suitable rigs were used.

• The geological legend used by ARL is a qualitative legend designed to capture the key physical and metallurgical features of the nickel-cobalt laterite mineralisation. Logging captured the colour, regolith unit and mineralisation style, often accompanied by the logging of protolith, estimated percentage of free silica, texture, grain size and alteration. Logging correlated well with the geochemical algorithm developed by Heron Resources Limited for the Yerilla Nickel Project for material type prediction from multi-element assay data.

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.

• 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.

• 2 metre (and rarely 1 metre) composite samples were recovered using a 15:1 rig mounted cone splitter or trailer mounted riffle splitter during drilling into a calico sample bag. Sample target weight was between 2 and 3kg. In the case of wet clay samples, grab samples taken from sample return pile, initially into a calico sample bag. Wet samples stored separately from other samples in plastic bags and riffle split once dry.

• QAQC was employed. A standard, blank or duplicate sample was inserted into the sample stream 10 metres on a rotating basis. Standards were either quantified industry standards, or standards made from homogenised bulk samples of the mineralisation being drilled (in the case of the Yerilla project). Every 30th sample a duplicate sample was taken using the same sample sub sample technique as the original sub sample. Sample sizes are appropriate for the nature of mineralisation.

Quality of assay data

and laboratory tests

• 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 (e.g. standards, blanks, duplicates, external laboratory checks) and whether acceptable levels of accuracy (i.e. lack of bias) and precision have been established.

• All Ardea samples were submitted to Kalgoorlie ALS laboratories and transported to ALS Perth, where they were pulverised. Analysis at ALS Perth was by ICP utilising a 50g charge (lab method PGM-ICP24) for PGM suite elements (Au, Pt, Pd). Additional analysis was undertaken by sending subsamples to ALS Brisbane where analysis by silicate fusion / XRF analysis (lab method ME-XRF12n) for multiple grade attributes for laterite ores (Al2O3, As, BaO, CaO, Cl, Co, Cr2O3, Cu, Fe2O3, Ga, K2O, MgO, MnO, Na2O, Ni, P2O5, Pb, Sc, SiO2, SO3, SrO, TiO2, V2O5, Zn, ZrO2). Fusion / XRF analysis is an industry standard method used to analyse nickel laterite ores and ALS is a reputable commercial laboratory with extensive experience in assaying nickel laterite samples from numerous Western Australian nickel laterite deposits.

• ALS routinely inserts analytical blanks, standards and duplicates into the client sample batches for laboratory QAQC performance monitoring.

• Ardea also inserted QAQC samples into the sample stream at a 1 in 10 frequency, alternating between blanks (industrial sands) and standard reference materials. Additionally, a review was conducted for geochemical consistency between historically expected data, recent data, and geochemical values that would be expected in a nickel laterite profile.

• All of the QAQC data has been statistically assessed. There were rare but explainable inconsistencies in the returning results from standards submitted, and it has been determined that levels of accuracy and precision relating to the samples are acceptable.

Verification of sampling

and assaying

• The verification of significant intersections by either independent or alternative company personnel.

• The use of twinned holes.

• Documentation of primary data, data entry procedures, data verification, data storage (physical and electronic) protocols.

• Discuss any adjustment to assay data.

• All Ardea samples were submitted to Kalgoorlie ALS laboratories and transported to ALS Perth, where they were pulverised. Analysis at ALS Perth was by ICP utilising a 50g charge (lab method PGM-ICP24) for PGM suite elements (Au, Pt, Pd). Additional analysis was undertaken by sending subsamples to ALS Brisbane where analysis by silicate fusion / XRF analysis (lab method ME-XRF12n) for multiple grade attributes for laterite ores (Al2O3, As, BaO, CaO, Cl, Co, Cr2O3, Cu, Fe2O3, Ga, K2O, MgO, MnO, Na2O, Ni, P2O5, Pb, Sc, SiO2, SO3, SrO, TiO2, V2O5, Zn, ZrO2). Fusion / XRF analysis is an industry standard method used to analyse nickel laterite ores and ALS is a reputable commercial laboratory with extensive experience in assaying nickel laterite samples from numerous Western Australian nickel laterite deposits.

• ALS routinely inserts analytical blanks, standards and duplicates into the client sample batches for laboratory QAQC performance monitoring.

• Ardea also inserted QAQC samples into the sample stream at a 1 in 20 frequency, alternating between duplicates splits, blanks (industrial sands) and standard reference materials.

• Additionally, a review was conducted for geochemical consistency between historically expected data, recent data, and geochemical values that would be expected in a nickel laterite profile.

• All of the QAQC data has been statistically assessed. There were some inconsistencies in the returning results from standards submitted, relating to the XRF analysis suite. This has been thoroughly investigated with the conclusion that either some standards were not correctly identified and recorded on submission, or time/external influence has had an impact on some of the quality of the values

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Criteria JORC Code explanation Commentary

standards, as figures reported for the relevant errant standards were significantly different to the normal recognisable standard values. Ardea has undertaken its own further in-house review of QAQC results of the ALS routine standards, 100% of which returned within acceptable QAQC limits. This fact combined with the fact that the data is demonstrably consistent and repeated for expected Ni/Co values within the lateritic ore profiles of both reported areas and is also consistent with nearby abundant historic drilling data, has meant that the results are considered to be acceptable and suitable for reporting.

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.

• All drill holes are to be surveyed using an RTK DGPS system with either a 3 or 7 digit accuracy. The coordinates are stored in the exploration database referenced to the MGA Zone 51 Datum GDA94.

• All holes drilled as part of the Goongarrie South program were vertical. No holes were down-hole surveyed except at EOH. The sub-horizontal orientation of the mineralisation, combined with the soft nature of host material resulted in minimal deviation of vertical diamond drill holes.

• The grid system for all models is GDA94. Where historic data or mine grid data has been used it has been transformed into GDA94 from its original source grid via the appropriate transformation. Both original and transformed data is stored in the digital database.

• A DGPS pickup up of drill collar locations is considered sufficiently accurate for reporting of resources, but is not suitable for mine planning and reserves.

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.

• The drill spacing was designed to augment historic drilling, bringing drill densities down from 80mE x 80mN to 40mE x 80mN. The program to date is part of a broader program. All proposed drilling has been completed at Elsie South only. Drilling continues at all other deposits.

• Given the homogeneity of this style of orebody, the spacing is, for bulk-scale metallurgical work and probable mining techniques, considered sufficient.

• Sample compositing has not been applied to the newly collected data.

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.

• All drill holes in this program were vertical and give a true width of the regolith layers and mineralisation within the modelled resource.

• On a local scale, there is some geological variability in the northern most drill line (6669600mN) due to a probable shear structure. However, this local variability is not considered to be significant for the project overall, but will have local effects on mining and scheduling later in the project life. As the detailed shape of the orebody has already been well defined by an abundance of nearby resource drill holes (including the northern section) it is no bias is expected to be introduced from data pertaining to these drill holes with reference to mineralised structures.

Sample security • The measures taken to ensure sample security.

• All samples were collected and accounted for by ARL employees/consultants during drilling. All samples were bagged into calico plastic bags and closed with cable ties. Samples were transported to Kalgoorlie from logging site by ARL employees/ consultants and submitted directly to ALS Kalgoorlie.

• The appropriate manifest of sample numbers and a sample submission form containing laboratory instructions were submitted to the laboratory. Any discrepancies between sample submissions and samples received were routinely followed up and accounted for.

Audits or reviews • The results of any audits or reviews of sampling techniques and data.

• ARL has periodically conducted internal reviews of sampling techniques relating to resultant exploration datasets, and larger scale reviews capturing the data from multiple drilling programmes within the KNP.

• Internal reviews of the exploration data included the following:

• Unsurveyed drill hole collars (less than 1% of collars).

• Drill Holes with overlapping intervals (0%).

• Drill Holes with no logging data (less than 2% of holes).

• Sample logging intervals beyond end of hole depths (0%).

• Samples with no assay data (from 0 to <5% for any given project, usually

• related to issues with sample recovery from difficult ground conditions,

• mechanical issues with drill rig, damage to sample in transport or sample preparation).

• Assay grade ranges.

• Collar coordinate ranges

• Valid hole orientation data.

• The ALS Laboratory was visited by ARL staff in 2016, and the laboratory processes and procedures were reviewed at this time and determined to be robust.

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Section 2 - Reporting of Exploration Results

(Criteria listed in the preceding section also apply to this section.)

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 tenement on which the Goongarrie South drilling was undertaken is M29/272.

• The tenement and land tenure status for the KNP prospect areas containing continuous cobalt rich laterite mineralisation is summarised in Table 3 following and in the Ardea Prospectus, section 9 “Solicitor’s Report on Tenements”.

Exploration done by

other parties

• Acknowledgment and appraisal of exploration by other parties.

• The Goongarrie South deposit was initially discovered by Heron Resources Ltd and subsequently drilled by Vale Inco Limited in a Joint Venture. Much historic assessment of the Black Range Project was undertaken by Heron Resources Limited.

Geology • Deposit type, geological setting and style of mineralisation.

• The KNP nickel-cobalt laterite mineralisation developed during the weathering and near surface enrichment of Archaean-aged olivine-cumulate ultramafic units. The mineralisation is usually within 60 metres of surface and can be further subdivided on mineralogical and metallurgical characteristics into upper iron-rich material and lower magnesium-rich material based on the ratios of iron to magnesium. The deposits are analogous to many weathered ultramafic-hosted nickel-cobalt deposits both within Australia and world-wide.

• Cobalt-rich mineralisation is typically best developed in iron-rich material in regions of deep weathering in close proximity to major shear zones or transfer shear structures and to a lesser extent as thin zones along the interface of ferruginous and saprolite boundaries at shallower depths proximal to shear structures.

• The Cobalt Zone is associated with a distinctive geo-metallurgical type defined as “Clay Upper Pyrolusitic”. Mineralogy is goethite, gibbsite and pyrolusite (strictly “asbolite” or “cobaltian wad”). The Cobalt Zones typically occur as sub-horizontal bodies at a palaeo-water table within the KNP (late stage supergene enrichment). This material is particularly well developed at Goongarrie South.

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

• dip and azimuth of the hole

• down hole length and interception depth

• hole length.

• All holes drilled in this most recent program are listed in “Appendix 1 – Collar location data”.

Drill hole Information • 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.

• All assay data relating to the metals of interest at Goongarrie South, namely cobalt, nickel, scandium, and chromium, are listed in “Appendix 2 – Assay results”. Other elements were assayed but have not been reported here. They are of use and of interest from a scientific and metallurgical perspective, but are not considered material and their exclusion does not detract from the understanding of this report.

Data aggregation

methods

• In reporting Exploration Results, weighting averaging techniques, maximum and/or minimum grade truncations (e.g. 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.

• Most drill hole samples have been collected over 2m down hole intervals.

• All newly defined cobalt and nickel intercepts at Goongarrie South were calculated using the following parameters:

• Intercepts based on nickel distributions were first calculated using 0.50 % nickel minimum cut-off, 2 m minimum intercept, and 4 m internal waste. Such parameters define broad intercepts that may be cobalt bearing or cobalt poor. Intercepts are considered of interest where cobalt values exceed 0.08%.

• Intercepts based on cobalt distributions are then calculated using a 0.10 % cobalt minimum cut-off, 2 m minimum intercept, and 4 m internal waste. All significant cobalt intercepts are hosted within the broader nickel-based intercepts and tend to define higher-grade, shorter intercepts.

• Where core loss was an issue, and where the thickness of core loss was less than the internal waste thickness, grades in zones of core loss were taken as the weighted average of the intervals immediately above and below the core loss interval in question. This provides grade distributions downhole that are consistent with mineralised zones, where cobalt and nickel grades are observed to change gradually rather than randomly downhole. By defining zones of core loss as being of a value between the interval above and the interval below, a similarly smooth transition in grades downhole is achieved. This method of estimated grade in zones of core loss is therefore considered the most suitable means of defining grade in such zones at Goongarrie South.

• Where an interval of core loss, through calculation, marked the beginning or end of a mineralised interval, this core loss interval was not included in that mineralisation

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Criteria JORC Code explanation Commentary

interval.

• Scandium intercepts were defined by using a 50g/t scandium minimum cut-off, a 2 m minimum intercept, and a 4 m internal waste. Scandium intercept distributions do not show a consistent relationship to cobalt and nickel mineralisation and are usually in the shallow subsurface.

• Assay compositing techniques were not used in this assessment.

• No metal equivalent calculations have been used in this assessment.

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 (e.g. ‘down hole length, true width not known’).

• The nickel-cobalt laterite mineralisation at Goongarrie South has a strong global sub-horizontal orientation.

• All drill holes are vertical.

• All drill holes intersect the mineralisation at approximately 90°to its orientation

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.

• Maps and sections of the cobalt and nickel mineralisation are shown within the report. Every drill hole on every section drilled is shown.

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.

• Not applicable to this report. All results are report either in the text or in the associated appendices. Examples of high-grade mineralisation are labelled as such.

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 other data are, at this stage, known to be either beneficial or deleterious to recovery of the metals reported. Uncertainties surrounding the possibility of recovery of the metals of interest are noted prominently in the report.

Further work • The nature and scale of planned further work (e.g. tests for lateral extensions or depth 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 likely to be undertaken at Goongarrie South but has not yet been defined. Further drilling could include infill drilling as well as extension of lines to the north and south as appropriate.

• Metallurgical assessment of all metals of interest at Goongarrie South will be undertaken during the Pre-Feasibility Study (PFS) which has commenced on the KNP Cobalt Zone.