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Nova massive Nickel Sulphide Deposit

July 2012

Sirius Resources in conjunction with Newexco’s Geophysical Principal Bill Amann, designed and implemented the geophysical programme from which the discovery hole, SFRC0024, was targeted. This lead to the discovery and drill-out of the Nova nickel sulphide deposit, east of Norseman, in the Albany-Fraser Belt.

Further exploration focusing on the acquisition and interpretation of a prospect scale ground gravity survey, contributed to the drilling of hole SFRD0167 and the discovery of the blind Bollinger nickel sulphide deposit down plunge of Nova. The current resource at Nova-Bollinger is 14.6Mt @ 2.2 % Ni and 0.9% Cu.

Newexco remains involved in all aspects of the geophysical programmes and regional targeting.

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