Annonce • Nov 29
Cannon Resources Limited Approves Election of Andrea Betti as Director Cannon Resources Limited announced that at its AGM held on 29 November 2022, the shareholders approved election of Andrea Betti as director of the company. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Non-Executive Director Richard Bevan was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Annonce • Nov 01
Kedalion Nickel Pty Ltd. made a bid to acquire Cannon Resources Limited (ASX:CNR) from Rox Resources Limited (ASX:RXL), Ponderosa Investments Pty Ltd and others for AUD0.45 per share. Kedalion Nickel Pty Ltd. made a bid to acquire Cannon Resources Limited (ASX:CNR) from Rox Resources Limited (ASX:RXL), Ponderosa Investments Pty Ltd and others for AUD0.45 per share on October 31, 2022. Thomson Geer is acting as legal advisor to Cannon. Taylor Collison is acting as financial advisor and Allen & Overy as legal advisor to Kinterra. Annonce • Oct 04
Cannon Resources Limited, Annual General Meeting, Nov 29, 2022 Cannon Resources Limited, Annual General Meeting, Nov 29, 2022, at 11:00 W. Australia Standard Time. Location: Celtic Club, 48 Ord Street West Perth Western Australia Australia Annonce • Sep 07
Cannon Resources Limited Announces Chief Executive Officer, Mr. Steve Lynn, Has Left the Company Cannon Resources Announced that its Chief Executive Officer, Mr. Steve Lynn, has left the Company to focus on other business interests. The Company has commenced an executive search process for a Chief Executive Officer to lead the Company through its next stage of development. Annonce • Jul 29
Cannon Resources Limited Announces Nickel Mineralisation Intersected at Sabre Prospect Cannon Resources Limited announced that a recently completed deep diamond hole has more than doubled the vertical extent of nickel mineralisation at the Sabre prospect. Hole MFED122 has intersected nickel sulphide mineralisation at 650 metres vertical depth from surface and beneath and down-plunge of the Sabre resource. MFED122 intersected 6.4m @ 1.3% Ni from 735.87m which included an internal zone of 5.1m @ 1.5% Ni from 737.21m. A further intercept of 0.51m @ 5.3% Ni from 745.17 was also recorded some 2.9m below the initial mineralised intercept. Hole MFED122 was drilled to test the concept that nickel mineralisation within the Sabre channel continues well below the extent of the current resource. Cannon geologists were confident that the mineralisation and channel plunge were interpreted correctly and given the relatively shallow depth extent of the current resource drilling, a large step-out for a deep hole was considered. Therefore, MFED122 was drilled at twice the vertical depth and a massive 520 metres down the plunge from the deepest and closest mineralised holes. Hole MFED122 intersected the komatiite contact within 3 metres of the predicted depth, demonstrating the predictable nature and solid foundation of our geological model. Strong komatiite hosted disseminated sulphide mineralisation was encountered on the basal contact. Assay data show that nickel mineralisation is in line with the average grade of the existing resource at Sabre and highlights the potential for further resource expansion down plunge. Additionally, a 0.5 metre zone of massive nickel sulphides grading at 5.3% Ni was intersected 2.9 metres stratigraphically above the basal disseminated mineralisation. This zone was interpreted to be structurally emplaced and remobilised. Again, this highlights the potential for structurally emplaced high-grade zones nearby that are similar in style to that along the northern margin of Sabre (recent holes MFED103, MFED105, MFED117 and MFED118). This style of target will be a priority for future drilling campaigns at Sabre. All assay data has now been returned for existing 2022 Sabre drilling. Currently a resource update is underway on the above 300 metre zone. This will incorporate those holes outside of the current resource, for example the high-grade massive nickel sulphide intersected in recently drilled holes MFED103, MFED105, MFED117 and MFED118. The resource update is expected to be completed in the current September quarter of 2022. Board Change • Jul 01
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Non-Executive Director Richard Bevan was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Annonce • Jun 29
Cannon Resources Limited Announces Director Changes Cannon Resources Limited advised that Mr. Trevor Benson has resigned from the Board due to increased workload from other Directorships. Mr. Benson was instrumental in the listing of the Company in August 2021 and has helped guide the Company to a significant increase in resources at Fisher East and left the Company well positioned for future growth. Mr. Alex Passmore, a Non-executive Director of Cannon, will become Non-Executive Chairman effective immediately. Annonce • Jun 24
Cannon Resources Limited Appoints Mark Stowell as A Director Cannon Resources Limited announced the appointment of Mr. Mark Stowell as a Director of the Company. Mr. Stowell is a Chartered Accountant with over 20 years of corporate finance and resource business management experience. He served as manager in the corporate division of Arthur Andersen and was subsequently involved in the establishment and management of a number of successful ventures as principal, including resource companies operating in Australia and internationally. Mr. Stowell was a founder of Anvil Mining Ltd. (DRC) and on its Board for 7 years until 2000. He was also a founder and non-executive director of Incremental Petroleum Limited, an oil and gas producer with operations in Turkey and the USA until its takeover in 2009. Mr. Stowell was Chairman and founder of Mawson West Ltd, a copper producer and explorer which completed an IPO on the Toronto Stock Exchange in one of the large base metal IPO's of 2011. Mr. Stowell is also currently the Chairman of Southern Hemisphere Mining Limited and Kula Gold Limited. Annonce • Jun 21
Cannon Resources Limited Announces Assays Confirm High Grade Massive Nickel Sulphide At Sabre Cannon Resources Limited announced that assay results have been received from recently drilled massive nickel sulphide intercepts in diamond holes MFED117 and MFED118 at the Sabre prospect within the Company's Fisher East Nickel Project. Diamond holes MFED117 and MFED118 were drilled earlier this month targeting high-grade mineralisation developed along the interpreted northern margin of the Sabre channel. Both holes intersected significant widths of massive nickel sulphides within broader mineralised intervals. MFED117 returned assays of 5.7m @ 4.5% Ni and 1.0 g/t PGE (Pd+ Pt) from 310.28m. Included in this interval was the massive nickel sulphide zone of 3.7m @ 6.0% Ni and 1.2g/t PGE (Pd+ Pt) from 311.30m. MFED118 returned assays of 8.3m @ 2.7% Ni and 0.4 g/t PGE (Pd+ Pt) from 132.95m. Included in this interval was the massive nickel sulphide zone of 2.8m @ 5.2% Ni and 0.8g/t PGE (Pd+ Pt) from 138.48m. MFED117 and MFED118 have intersected the mineralisation at a high angle and are estimated to be 90% to 95% of true widths. The mineralised interval in MFED118 also incorporates a 0.95m zone of lost core where zero values for Ni, PGE and Co have been assigned. Geological Interpretation: Cannon has now drilled 4 holes along the northern margin of the Sabre channel. Holes MFED103, MFED105, MFED117 and MFED118 have all intersected high-grade nickel mineralisation over a plunge extent of 250 metres. Mineralisation remains open laterally and up and down plunge. The mineralisation is in the same plane as that developed over the remainder of the Sabre channel, however there is an apparent local thickening and certainly thickened massive nickel sulphide development along the northern margin. There is also evidence of internal repetitive beds of hornfelsed footwall sediments. At this early stage of drilling, nickel sulphide remobilisation, together with a structural thickening of mineralisation along the channel margin, best explains the higher grades and thicknesses. Future Steps: Infill drilling is ongoing and will continue to establish the lateral width and plunge extent of the high- grade mineralisation at the channel margin. This drilling will help determine geological controls on mineralisation and assist in future targeting and potential resource growth. All outstanding assays from existing holes should be returned by July 2022. Cannon will then launch into a resource update for Sabre. This is expected to be completed by August 2022. Annonce • Jun 08
Cannon Resources Limited Announces Wide Zones of Massive Nickel Sulphide Intersected At Sabre Cannon Resources Limited announced that recent diamond drilling at the company's flagship Fisher East Nickel Project has intersected substantial zones of massive nickel sulphide at Sabre. Three new diamond holes MFED105, MFED117 and MFED118 were drilled up and down plunge of previously reported hole MFED103 (which returned 1.10m massive nickel sulphide at 7.63% Ni within a wider interval of 5.70m at 2.62% Ni). All 3 holes, together with hole MFED103 which was drilled earlier in this current drilling program, have intersected substantial massive and semi-massive nickel sulphides interpreted as a zone of high-grade mineralisation along the northern margin of the Sabre channel. The mineralisation is contained in the same stratigraphic sequence as the greater Sabre mineral envelope, and to the extent currently drilled, is linear and predictable. Hole MFED117 intersected 3.7 metres of massive nickel sulphides within a larger mineralised zone of approximately 5 metres from 310 metres downhole. It was drilled some 190 metres below and down-plunge of hole MFED103 and represents the deepest extent of the channel yet drilled. Hole MFED118 intersected 2.8 metres of massive nickel sulphides and approximately 2.5 metres of semi-massive sulphides from 133 metres downhole. This hole was drilled some 60 metres above and up-plunge of hole MFED103. The sulphide minerals remain intact with minimal oxidation in this hole, so we are likely still 10's of metres below the oxidation zone. Hole MFED105 was drilled earlier in the program and intersected a thinner interval of massive nickel sulphide over 0.45 metres within a larger mineralised interval of 2.36 metres. Assay results have now been returned for this hole with the overall mineralised interval grading 2.36m at 2.3% Ni and including 0.45m at 5.9% Ni for the massive nickel sulphide interval. This hole was drilled approximately 90 metres below and down-plunge of hole MFED103. Infill drilling will be undertaken to establish the lateral width and plunge extent of the high grade channel margin. This work is currently being planned. Holes MFED117 and MFED118 will be sampled immediately and sent to the laboratory as a priority job. The current drilling program is still underway with 17 holes for approximately 5,500 metres completed to date from an initial planned 7,000 metres. Drilling has been conducted at Sabre (12 holes completed), Musket (3 holes completed) and Camelwood (2 holes completed). Assays have been returned for a portion of the Sabre holes but none of the Musket or Camelwood drilling. The successful drilling at Sabre has resulted in a pivot to concentrate the remainder of the program on this prospect and the rig is currently infill drilling there. Once all assay results are received, it will be able to step straight into a resource update for Sabre. The company expects to commence and complete this work in August. Annonce • Apr 27
Cannon Resources Limited Announces Assay Results from the First Hole of the Current Diamond Drilling Campaign at Fisher East Nickel Project Cannon Resources Limited announced that assay results from the first hole of the current diamond drilling campaign at the company's Fisher East Nickel Project has intersected high grade nickel in massive and disseminated sulphide over a 5.7 metre width at Sabre. Diamond drill hole MFED103 intersected 5.70m @ 2.62% Ni and 0.58 g/t (Pd + Pt) from 192.76m. Multiple zones of nickel rich massive sulphide were interspersed within this interval with the thickest zone being 1.10m @ 7.63% nickel and 1.61 g/t (Pd + Pt) from 194.33m. Hole MFED103 was the first hole drilled into an interpreted high-grade target adjacent to but outside, the northern margin of the current Sabre resource. The results confirm that substantial nickel mineralisation exists on the northern margin of the Sabre deposit and the mineralisation strike extent is now over 700 metres. Importantly the Sabre resource, currently at 24.5 kt Ni, is still only drilled to a maximum depth of 300 metres and remains open down plunge and laterally to both the north and south. Nickel mineralisation in hole MFED103 consists of massive and semi-massive sulphide with lesser disseminated sulphide hosted in talc-carbonate altered komatiite. The sulphide assemblage is predominantly pyrite - pyrrhotite - violarite - pentlandite. The komatiite unit is the basal sequence on the sediment footwall unconformity and is the lateral equivalent to that hosting the Sabre mineralisation. Cannon's 2021 AC drilling campaign returned strong PGE anomalies in the regolith (up to 4m @ 685 ppb Pd + Pt) above the Sabre mineralisation which postulated to be the upper expression of potential high-grade nickel (plus PGE) plunging trends within the Sabre mineralisation envelope. Cannon commenced the current drill program at Fisher East on 25th March 2022. Hole MFED103 is part of an initial sequence of 8 holes targeting high grade nickel extensions to the Sabre orebody. The extension zones on the northern and southern margins of the Sabre resource, as well as potential high-grade nickel trends, are designed to test the interpreted extent of the primary channel and corresponding nickel mineralisation boundaries. The current round of drilling at Sabre is testing an over-all resource expansion in the sub-300 metre zone adjacent to, and in addition to, the current Sabre resource of 24.5 kt of nickel. Annonce • Apr 06
Cannon Resources Limited Announces Maiden Nickel Resource At Sabre Delivers Increase in Total Fisher East Resources to 116.3 Kt Contained Nickel Cannon Resources Limited announced that a maiden Mineral Resource has been completed for the Sabre prospect at the Company's Fisher East Nickel Project. The Sabre Mineral Resource is 1.8 Mt @ 1.4% Ni for 24.5 Kt of contained nickel at a cut-off grade of 0.9% Ni (JORC 2012). The Fisher East Project now has a total of 116,300 tonnes of contained nickel in 4 high grade Class 1 JORC 2012 resources at Musket, Camelwood, Cannonball and Sabre. Sabre is a channelised komatiite hosted nickel deposit sharing the same genesis, mineralisation style and host stratigraphy as Cannon's 3 other Fisher East nickel deposits of Musket, Camelwood, and Cannonball. Sabre is 6 km south of Musket and the 4 deposits are all located on an 8 km section of the basal komatiite/sediment contact on 100% Cannon tenure. The geological setting is Archaean channelised basal komatiite hosted mineralisation, bounded by hangingwall basaltic rocks and footwall felsic metasediments. Mineralisation consists of massive to semi-massive and disseminated nickel sulphide accumulations within host komatiite mostly situated at the (eastern) basal ultramafic - felsic contact. This is interpreted to be equivalent to Type 1 basal komatiite ores at Kambalda. The entire stratigraphic sequence including the mineralisation has been subject to an Archaean regional folding event so that it is now overturned and dipping to the east at approximately 56°. The Sabre channel with contained mineralisation is interpreted to be plunging to the north down the dip of the strata at approximately 56°. The ultramafic sequences are strongly talc-carbonate altered and metamorphism is mid-upper Greenschist. Mineralisation is characterised by a tabular strata-bound accumulation consist ing of interleaved semi- massive sulphide layers over 1-2 metres within the basal komatiite zone, overlain by matrix and disseminated sulphides up to 10-12 metres thick and also within komatiite (but typically 3-5 metres thick). Sulphide minerals are generally fine grained crystals and blebs disseminated throughout the host komatiite. Sulphide species consist of (pyrrhotite + pentlandite ± violarite ± pyrite) in semi- massive and disseminated ore. The Sabre channel is interpreted to be over 700 metres wide, with nickel mineralisation accumulating over most of that width. It is a separate channel to those that host the Musket, Cannonball and Camelwood deposits, but is interpreted to be a section of a multi-channelised komatiite lava sheet. The mineralisation envelope remains open at the channel margins as well as down plunge. Additionally, there are several interpreted higher grade and thicker trends within the mineralisation, with the most prominent in the central part of the channel. The mineralisation is interpreted to extend down plunge and to date is only limited by the extent of drilling. Drill spacing is approximately 80 metres within and proximal to the limits of the mineralisation, and therefore there is a high degree of confidence in the geological models of the deposit, based on consistent stratigraphy in drill holes and highly correlatable lithologies and mineralisation boundaries.Diamond (DD) and Reverse Circulation (RC) drilling rigs were used. The RC hole diameter was 140mm with a face sampling hammer used. Hole depths ranged from 121m to 256m. Diamond holes were drilled with predominantly NQ2 diameter (although also some PQ and HQ size pre-collars and upper hole portions) with all core recovered. Hole depths ranged from 204.1m to 475m. Pre-collars for diamond holes were drilled using a roller bit and reamed to HW casing size. Where possible, the core was oriented using Camtech and Reflex Act III orientation tools. Diamond core was reconstructed into continuous sample runs on an angle iron used for orientation marking. Depths were measured and checked against marked depths on the core blocks. Diamond drill core recoveries were logged and recorded in the database. Overall recoveries were >95%, and there were no significant core loss or recovery problems. RC samples were visually checked for recovery, moisture and contamination and notes made in the logs. RC drill recoveries were very good; almost all samples were dry. Samples used for the Mineral Resource estimate came from both RC and DD drilling, both of which had high recoveries. There is no observable relationship between recovery and grade, and therefore no sample bias. DD core was subsampled over lengths ranging from 0.1m to 1.2m Core was sawn longitudinally using a diamond core saw and half-core taken. All subsamples were collected from the same side of the core and core has been sampled to geological boundaries. RC samples were collected on the drill rig using a cone splitter on a 1 metre per sample basis. Most samples were collected dry with very few of the mineralised samples were collected wet, and these were noted in the drill logs and database. Sample preparation of DD core and RC samples occurred at Intertek in Kalgoorlie and Perth and involved oven drying (4-6 hrs at 95C), coarse crushing in a jaw-crusher to 100% passing 10 mm, then pulverisation of the entire crushed sample in LM5 grinding mills to a particle size distribution of 85% passing 75 microns and collection of a 200 gram sub-sample. Laboratory assaying techniques were fire assay for Au, Pt & Pd; and 4 acid digest followed byICP/OES or ICP/MS analysis for remaining multi-elements. The four acid digest involved hydrofluoric, nitric, perchloric and hydrochloric acids. Both techniques are considered a total digest. Mineral Resources where the sample spacing was 50 m or less were classified as Indicated Resource while Mineral Resources where sample spacing was up to 100 m were classified as Inferred Resources. All other material was not classified. A reporting cut-off grade of 0.9% Ni was used to report the Mineral Resource. This was based on parameters from a previous scoping study on the Camelwood and Musket deposits in 2015 by CSA Global and updating of the parameters asappropriate by Cannon. Key parameters were a nickel price of AUD 21,500 per tonne, processing costs of AUD 42.51, mining costs of AUD 65.40, dilution of 10% and payability of 70%. A total of five mineralised zones were modelled using Seequent Leapfrog software; three zones for massive/semi-massive mineralisation and two zones for disseminated mineralisation. The mineralisation at Sabre extends over a 700 m strike length, starting at about 90-110 m below ground surface and has been drilled to approximately 300 m depth. The interpretation of the mineralised zones was based predominantly on lithological logging with assay results used to confirm the intersections. Samples were composited to 1m lengths and top cuts were applied to remove high grade outliers which was necessary only for As, Co and Cr. Annonce • Mar 10
Cannon Resources Limited Announces Update of Musket Mineral Resource Cannon Resources Limited announced that an update of the Musket Mineral Resource has been completed which has resulted in a 44% increase in nickel metal over the previously reported resource estimate. Musket has now been estimated to contain 2.4 Mt @ 1.9% Ni and 0.5 g/t PGE (Pt + Pd) for 45.4 Kt contained nickelat a cutoff grade of 0.9% Ni (JORC 2012). This is an increase in both tonnage and grade over the previous estimate of 1.9 Mt @ 1.7% Ni for 31.6 Kt contained Ni.The Fisher East Project now has 91,800 tonnes of contained nickel in 3 JORC 2012 resources at Camelwood, Cannonball and Musket. In addition, a comprehensive program of resampling for PGE from relevant holes as well a new and existing PGE analysis has enabled Cannon for the first time to estimate a PGE content for the Musket Mineral Resource. The combined PGE content (Pt and Pd) has been estimated within the Musket resource at 2.4 Mt @ 0.5 g/t (Pt+Pd) for 38,580 Oz contained (Pt+Pd) and is also JORC 2012 compliant. For comparison to the previously reported Musket Mineral Resource of 31.6 Kt contained Ni (whichused a cut-off grade of 1.0% Ni), a resource estimate of 2.3 Mt @ 1.9% Ni and 0.5 g/t PGE (Pt + Pd) for 44.7 Kt contained nickel at a cutoff grade of 1.0% Ni (JORC 2012) is provided. Annonce • Jan 13
Cannon Resources Announces Drill Results Extend Nickel Mineralisation at Camelwood Cannon Resources Limited announced that it has received assay results from 5 Camelwood holes from the recent 2021 diamond drilling campaign at the Company's Fisher East Nickel Project. Two holes were drilled at depth, down-plunge and to the south of the main resource to test for extensions along the interpreted primary mineralisation trends. Both holes (MFED090 and MFED094) intersected massive and disseminated nickel sulphides at the basal komatiite - footwall contact. Hole MFED090 intersected 4.67m @ 2.31% nickel from 434.33m and hole MFED094 intersected 0.71m @ 3.26% nickel from 728.85m. The latest drilling confirms that mineralisation along the southern margin of the Camelwood resource remains open and extension to the south is the most prospective zone for further drilling and resource growth. A total of 5 holes were drilled at Camelwood as part of Cannon's 2021 Fisher East diamond drilling campaign. The drilling targeted peripheral areas and potential extensions to mineralisation, and at the same time was designed to help resolve primary controls on mineralisation. The holes were split into 2 groups and were located according to separate targeting strategies. Two deeper holes testing the southern down plunge extension to the interpreted primary plunge. At this stage this is interpreted to be two separate trends based on mineralogical and geophysical data. However, it is entirely possible and reasonable to envisage one southern plunge. Further drilling will help resolve this question. Shallow infill at the northern extremity of the resource outline. Whilst strike potential in this area appears to be limited, 2 of these holes were opportunistically located as diamond tails on existing historical RC holes (MFED091 and MFED092). These host RC holes had terminated in mineralisation so extending them provided a cost-effective method to test this northern area. Annonce • Dec 13
Cannon Resources Limited Announces Additional Drill Results from 3 Diamond Holes at the Fisher East Nickel Project and Extend Nickel Mineralisation at Musket Cannon Resources Limited announced that assay results from an additional 3 holes from the current diamond drilling campaign at the company's Fisher East Nickel Project have returned further intercepts of high-grade nickel sulphides at Musket. The drilling has intercepted extensions to mineralization below the main channel at Musket and has now extended mineralization 130 meters below previously reported Cannon drill-holes MFED084 and MFED088. The new holes confirm that mineralization continues beyond the current known limits and the Musket resource remains open both down plunge and laterally to the north. Two new diamond holes (MFED095 and MFED095W1), in addition to previously reported diamond holes (MFED083, MFED084, MFED088 and MFED089), have been drilled at Musket to test depth and lateral extensions to mineralization. All 6 holes were drilled on the margins and below known mineralization trends and all have now returned significant nickel intercepts. This round of drilling has confirmed the mineralization models used for drill targeting and allows plenty of scope for future infill drilling to extend the mineral resource. DHEM results: New down-hole electromagnetic (DHEM) surveys were conducted on holes MFED089, MFED084 and MFED088. Results from all DHEM surveys at Musket have now been received and interpreted. Multiple strongly conductive anomalies with modelled plates define the base and the northern edge of the Musket mineralized channel. The plate models indicate that significant mineralization may be present along the northern margin of the Musket channel; - an area that has had minimal drilling compared to the central channel zone. The EM plate models represent compelling targets and will be a focus for future drilling in 2022. In addition to the Musket nickel mineralization, diamond hole MFED095 intersected a zone of chalcopyrite - quartz stringer veins within the footwall sediments from 567 - 607 meters downhole. A 0.45 meter interval with better frequent veining was sampled and returned significant copper and silver values of 4.23% Cu and 161.1g/t Ag. As the geological sequences are overturned, the stringer mineralization occurs approximately 100 meters stratigraphically below the nickel mineralization within intercalated submarine and volcanic sediments. The geological environment and geochemical signature of the stringer veins suggests a volcanogenic massive sulphide (VMS) origin. Future exploration will target this area to ascertain the extent and economic potential of this style of mineralization. Annonce • Sep 13
Cannon Resources Limited Updates on the Progress of the Maiden Exploration Program At Its Fisher East Nickel Project Cannon Resources Limited provided an update on the progress of the Company's maiden exploration program at its Fisher East Nickel Project. Cannon commenced a 4,000 metre diamond drilling campaign immediately upon its successful listing on the ASX. This drill program is targeting extensions to nickel mineralisation at the Camelwood, Musket and Sabre prospects at the Fisher East Nickel Project. Diamond drilling is progressing according to plan with 5 holes for 1,810 metres completed to date at the Sabre and Musket prospects, with the 6th drillhole currently in progress at Musket. A further 5 holes are planned at Musket and Camelwood to complete the current drilling program, which is targeted to be completed in late October. The completed drillholes have been sampled and dispatched to the laboratory for assay. The results from these assays are subject to potential laboratory delays, however the turnaround times are expected to be 4-6 weeks from submission. A DHEM (down hole electromagnetic) survey crew is scheduled to arrive on site on 30th September 2021 to survey the holes completed to date. The crew will then return to site at the conclusion of the drilling program to survey subsequently completed drill holes. In addition, a 7,000 metre aircore drilling program is on track to start in the next few days, with the drill rig scheduled to mobilise to site this week. Drilling will be targeting potential nickel-bearing channel locations along a 13 kilometre section of the basal ore-position contact between the Camelwood and Horatio prospects. Executive Departure • Sep 09
Company Secretary Matthew Worner has left the company On the 2nd of September, Matthew Worner's tenure as Company Secretary ended. We don't have any record of a personal shareholding under Matthew's name. Matthew is the only executive to leave the company over the last 12 months.