CANEGRASS NICKEL PROJECT

• High Grades: High-grade nickel, copper and palladium mineralization
• Drilling Success: Multiple, high-grade, near-surface drill results
• Additional Targets: Drilling success to date is in line with survey anomalies/ More survey anomalies to be drill tested
• Attractive Chemistry: Multi-element rock and soil sampling (historical) indicates absence of arsenic.
• Top Location: 4200 Ha property, located in the Windimurra Intrusive Complex, is road accessible and 500 km from tidewater

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Canegrass 2018 Drilling Highlights

• All holes returned anomalous values of Ni, Cu, Co (and PGE)
• BBRC001 (Winx) 14m @ 1.17% Ni, 0.88% Cu and 0.05% Co from 65m, including 1m @ 2.70% Ni, 0.23% Cu and 0.12% Co
• BBDD001 (Sunline) 0.57m @ 3.07 % Ni, 0.62% Cu and 0.24% Co from 144.1m
• BBDD002 (Tulloch) 14.25m @ 0.69% Ni, 0.82% Cu and 0.05% Cofrom 243.2, including 4.9m @ 1.33% Ni, 1.26% Cu and 0.10% Co
• Downhole electromagnetic (DHEM) testing identified anomalies in holes BBRC001 and 002, BBDD001 and 002, strongly suggesting mineralization is more extensive than intersected

[](https://huntsmanx.com/_resources/images/canegrass-13.jpg)

Opportunities Along Strike and Depth

[](https://huntsmanx.com/_resources/images/canegrass-14.jpg)

Canegrass Drilling Targeting

• Demonstrated Ni-Co-Cu potential associated with airborne VTEM TM anomalies.
• Surface EM (2018) has confirmed strong EM anomalies associated with many of the VTEM TM anomalies.

[](https://huntsmanx.com/_resources/images/canegrass-15.jpg)