Blair – Golden Ridge Project

Essential Metals 100%

Essential Metals’ Golden Ridge Nickel Sulphide Project includes the Blair Nickel Mine (which ceased production in 2008). The Project is located approximately 30 km south-east of Kalgoorlie, within the Northern Kambalda District of Western Australia, and covers an area of 121 km².

The Blair Nickel Mine closed during a time of depressed nickel prices having produced 1.26mt of nickel ore at 2.62% Ni.

The Kambalda District, centred approximately 50km south of the Blair Mine, is regarded as a world class mineral field hosting numerous komatiite-hosted nickel sulphide (as well as significant gold) deposits.

Pioneer Dome Project

Essential Metals 100%

Essential Metals’ Pioneer Dome Project is a highly prospective, multicommodity project located approximately 130 km south of Kalgoorlie and 200 km north of the port of Esperance. Access is excellent with the Goldfields Highway and Esperance railway, and water and gas pipelines passing through the Project. The Project covers an area of approximately 389 km².

The Project is located in between the world class Kambalda nickel district and the Norseman gold centre which has historically produced over 6 million ounces of gold.

The Cassini – Juno nickel trend appears to extend from Mincor Resources NL (ASX:MCR) Nickel Project, southwards into the Pioneer Dome Project and several targets have been identified along the trend on our Project. The Cassini deposit is approximately 17 km north and the Juno Prospect 8 km north of the Pioneer Dome Project.

Fairwater Project

Essential Metals 75%

The Fairwater Project targets nickel are located in interpreted Proterozoic-aged rocks between 100 and 130 km south west of Independence Groups’ (ASX: IGO) Nova and Bollinger nickel discoveries, in the Albany-Fraser Orogen in south east Western Australia.

Proof of concept drilling at Fairwater has successfully confirmed the presence of ultramafic and mafic rocks. These rock types were previously interpreted as present through soil geochemistry and aeromagnetic surveying. Ultramafic rock is identified by colour, mineralogy and chemical composition – principally its iron, magnesium, chromium and nickel content, and is a common host rock for nickel deposits world-wide.

Based on 99 aircore and 3 diamond drill holes, the Company has concluded that a mafic-ultramafic conduit sill-dyke system has been intersected, an interpretation based on geological observations and qualitative analyses by pXRF of drill core samples.