NiWest Nickel-Cobalt Project Update

Highlights:

• As part of the offtake customer qualification process, six tonnes of NiWest ore shipped to SGS in Canada for pilot plant processing into premium battery grade product
• Contractor pricing for determining DFS mining costs progressing well and follows recent site visits by shortlisted mining contractors
• Discussions advancing with rail logistics providers Qube and Aurizon, for the import and transport of sulphur through the Port of Esperance
• DFS work programs progressing to plan and budget with study manager Ausenco expected to deliver DFS in Q4 2023
• Geotechnical assessment drilling completed for the Mt Kilkenny mine pit as well as planned infrastructure construction sites around the refinery, heap leach pads and evaporation ponds
• Infill drilling at Mt Kilkenny completed with results being used to define final mine pit designs as well as adding additional Ore Reserve tonnage
• Calcrete drilling completed at Sturt Meadows and will result in an update to previous calcrete JORC Resource