Acquisition of Western Areas Limited
Mt Goode
A Scoping Study is currently being progressed on the Mt Goode deposit at the Cosmos Nickel Operation
igo
Mt Goode Overview
Mt Goode is located approximately 30km north of Leinster, WA and is part of the
Cosmos Nickel Operation
The pit sits adjacent to the Cosmos open pit and is located directly above the
AM5/6 deposits
The ongoing Scoping Study is evaluating both underground and open pit mining
operations
1
Conventional open pit mining is currently preferred as the initial mining
option
Anticipates ~4Mtpa of low-grade disseminated ore will be mined
Geometallurgical surface drilling commenced during November 2021
6942000mN
460m Mine RL
Location
6944000mN
COSMOS MINE
MT GOODE
COSMOS
DEEPS
.
WCD032W1
Underground
Development
Interpreted
Channel Position
45.4m @ 0.81% Ni
Incl. 5.35m @ 1.09% Ni
AM2
AM6
AM1
?
ODYSSEUS
NORTH
Tonnes (Mt)
Ni grade (%)
Ni tonnes (kt)
-500m Mine RL
Measured
13.6
0.8%
106
PENELOPE
AM5
Indicated
27.4
0.6%
159
WCD032W2
1.85m @ 1.09% Ni
Incl. 0.3m @ 3.45% Ni
Measured + Indicated
40.9
0.7%
264
Inferred
12.0
0.5%
62
Total
52.9
0.6%
327
FY21 Sept. Quarter Result
Drill Holes
Previous Result
Target Area
WCD034
0.45m @ 28.7% Ni
32.55m @ 1.22% Ni
Incl. 11.1m @ 1.67% Ni
WCD034W2W1
48.2m @ 0.99% Ni
Incl. 19m @ 1.37% Ni
0
AMD763W1W1
5.3m @ 1.36% Ni
ODYSSEUS ODYSSEUS NORTH
SOUTH
MASSIVE
1000m
Fault
Low grade disseminated deposit
High grade disseminated deposit
Massive sulphide deposit
Note: Reserves and Resources as per Western Areas September Quarterly Presentation (ASX: 28 October 2021).
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