AUSTRALIA WESTERN INVESTMENT OPPORTUNITIES ......Mafic–ultramafic intrusions: (similar to...

NiNICKELINVESTMENT OPPORTUNITIES

WESTERNAUSTRALIA

Government of Western AustraliaDepartment of Mines, Industry Regulationand Safety

Geological Survey ofWestern Australiawww.dmirs.wa.gov.au

200 m

Source: Metals X Ltd Oxide mineralization >0.5% Ni

Weathered clays

NICKEL Ni

JULY 2019

Nickel resources bymineralization style*

Laterite62.1%

Sulfide37.9%

Source: Western Areas NL

Resource reporting codes varyA H M PTectonic unit is Yilgarn except: Albany–Fraser Orogen, Halls Creek Orogen, Musgrave Province, Pilbara Craton

Flying Fox, ForrestaniaInterpreted long projection

* calculated from projects in table below

BHP Billiton

Glencore

Independence Group

43%

25%

18%

Western Areas 13%

Top producers 2018(% of total production in Western Australia)

Laterite Sulfide Laterite + sulfide

Nickel projects with resources >100 Kt contained metal

0.764

0.581

0.64

0.687

0.995

0.882

0.905

0.583

0.826

0.691

0.809

0.67

0.351

1.039

0.76

0.77

0.946

1.717

0.572

2.05

1.65

0.71

0.743

0.64

0.621

0.59

0.645

0.3

1.53

0.52

1.691

0.488

0.75

0.99

4005.26

3960.10

2465.92

2404.04

2298.29

2013.00

1952.49

1792.05

1403.02

1219.51

1178.70

1089.79

838.50

696.89

689.91

619.85

599.04

446.60

291.57

271.36

218.34

209.28

192.66

192.00

191.57

182.90

169.65

151.70

147.61

146.530.54426.92

139.03

125.02

122.41

110.12

103.74

Av. Grade(%Ni)Ore (Mt)Project ownerProject

Contained metal (Kt)

Honeymoon well

Mt Keith

Weld Range – Range Well

Kalgoorlie Nickel Project – West

Murrin Murrin

Leinster

MWingellina

Ravensthorpe

Avalon

Cawse

Kalgoorlie Nickel Project – East

Siberia JV

MWest Musgrave

NiWest

Yerilla

Wilconi

Cosmos

Forrestania

Carlingup – Nindilbillup

ANova-Bollinger

HSavannah

Canegrass

Julia

Black Hills

Silver Swan – Black Swan

Jericho

Quicksilver

PPardoo–Highway

Windarra

Kalgoorlie Nickel Project –Siberia – Black Range

Mt Thirsty

Mt Edwards

Norseman

Kurnalpi – Grey Dam

Pyke Hill

Noril’sk

BHP Billiton (Nickel West)

Ausinox

Ardea Resources

Glencore

BHP Billiton (Nickel West)

Metals X

First Quantum Minerals

Wingstar Investments

Wingstar Investments

Ardea Resources

Eastern Goldfields / Ardea Resources

Oz Minerals / Cassini Resources

GME Resources

Ardea Resources

A-Cap Resources / Blackham Resources

Western Areas

Western Areas

Australasian Mining

Independence Group

Panoramic Resources

Nickelore

Wingstar Investments

Western Resources / Zetek Resources

Poseidon Nickel

BHP Billiton (Nickel West) / Noril’sk

Golden Mile Resources

Caeneus Minerals

Poseidon Nickel

Barra Resources / Conico

Neometals

Galileo Mining

Carnavale Resources

Cougar Metals

Ardea Resources

524.20

682.00

385.30

349.90

230.90

228.36

215.84

307.30

169.80

176.49

145.70

163.30

239.00

67.10

90.80

80.50

63.34

26.02

51.01

13.24

13.21

29.60

25.93

30.00

30.84

31.00

26.30

50.00

9.68

26.60

7.40

25.10

14.60

10.50

Government of Western AustraliaDepartment of Mines, Industry Regulationand Safety

Geological Survey ofWestern Australiawww.dmirs.wa.gov.au