Mineral Resources

Mt Edwards Project Mineral Resources

The Mt Edwards Project represents one of the largest known unmined nickel sulphide Mineral Resource in Australia, currently comprising 10.68 Mt at 1.6% Ni for 168,150 Ni tonnes. Importantly it is located in a region hosting a number of significant producing nickel mines and with significant downstream processing infrastructure nearby. The BHP Kambalda concentrator is located approximately 40km to the north east of the Mt Edwards Project.

Table 1 – Nickel Mineral Resource estimates for the deposits comprising the Mt Edwards Project

  Indicated Inferred Total Mineral Resources
Deposit Tonnes
(kt)
Grade
(% Ni)
Tonnes
(kt)
Grade
(% Ni)
Tonnes
(kt)
Grade
(% Ni)
Contained
(t Ni)
Widgie 3 - - 626 1.5 626 1.5 9,160
Gillett - - 1,306 1.7 1,306 1.7 22,500
Widgie Townsite 1,183 1.7 1,293 1.5 2,476 1.6 39,300
Munda - - 320 2.2 320 2.2 7,140
Mt Edwards 26N - - 871 1.4 871 1.4 12,400
132N 34 2.9 426 1.9 460 2.0 9,050
Cooke - - 154 1.3 154 1.3 2,000
Armstrong 526 2.1 107 2.0 633 2.1 13,200
McEwen - - 1,133 1.4 1,133 1.4 15,340
McEwen Hangingwall - - 1,916 1.4 1,916 1.4 26,110
Zabel 272 1.9 53 2.0 325 2.0 6,360
Inco Boundary²     464 1.2 464 1.2 5590
Total 2,015 1.9 8,669 1.5 10,684 1.6 168,150


Notes:

  1. Mineral Resources quoted using a 1% Ni block cut-off grade, except Munda at 1.5% Ni. Small discrepancies may occur due to rounding.
  2. Refer to the Widgie Nickel ASX announcement dated 9 March 2022 titled 'Widgie grows Mt Edwards Nickel Resource'.
  3. Refer to the Widgie Nickel Prospectus dated 19 August 2021. 

Competent Person statements

The information in this Website that relates to Exploration Results is based on, and fairly represents, information compiled and conclusions derived by Mr Don Huntly who is a Member of the Australian Institute of Geoscientists. Mr Huntly is a full time employee of Widgie Nickel Ltd. Mr Huntly has sufficient experience relevant to the style of mineralisation and type of deposit under consideration and to the activity being undertaken to qualify as a ‘Competent Person’ as defined in the 2012 edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’ (JORC Code).

The information in this Website that relates to estimates of Mineral Resources is based on, and fairly represents, information compiled and conclusions derived by Mr Richard Maddocks who is a Fellow of the Australasian Institute of Mining and Metallurgy. Mr Maddocks is a consultant to Auralia Mining Consulting. Mr Maddocks has sufficient experience relevant to the style of mineralisation and type of deposit under consideration and to the activity being undertaken to qualify as a ‘Competent Person’ as defined in the JORC Code.

Compliance statement

Exploration Results and estimates of Mineral Resources in this Website have been prepared and reported in accordance with the JORC Code.

The Company confirms that it is not aware of any new information or data that materially affects the information included in the original market announcements and that all material assumptions and technical parameters underpinning the estimates in the market announcements continue to apply and have not materially changed. The Company confirms that the form and context in which the Competent Persons’ findings are presented have not been materially modified form the original market announcements.