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29.05.2023

NickelSearch Limited (ASX:NIS) Company Update with MD Nicole Duncan | May 2023

ASX:NIS . Client Videos . Interview

Transcript:

Nicole Duncan:

I’m Nicole Duncan from NickelSearch and wanting to speak today about the exciting drilling program we’re in the middle of.

We have an RC rig at site now.

We’ve drilled at Serendipity and B1 and RAV-8.

It’s just finishing up at Sexton because what we’re doing is bringing in the diamond rig
in the next week or so to go into Sexton and just to remind everyone at Sexton,
we did some drilling in January that every hole intersected nickel sulphides and we’re looking to go deep into a downhole EM target with a diamond drill.

So that’s the first cab off the rank for that diamond drill and then we’ll head back to RAV-8
and we’ll also potentially take that diamond drill to B1because we found some really interesting geology there that we want to go back into.

We have an entitlement offer that’s open at the moment for our shareholders and really wanting our shareholders to be part of the exciting future that we’ve got because after the drilling, the diamond drilling I just outlined, we’ve also got drilling for a base metals target.

We got government co-funding to look at a really prospective hole that we have just north of RAV-8.

And we’ve also got very early indications of lithium.

So lots of things to look at our main game is nickel sulphide and so we have over 30 greenfield targets to drill for nickel sulphide.

So there’s many, many targets and we want our shareholders to participate in our exploration of all of that.

So the entitlements offer is the best way because each shareholder will get one share
for every three shares that they hold for $0.07 plus you’ll get a free option for $0.07.

It’s a great opportunity and we really want our shareholders to participate in that with us.

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