Announcement PDF ASX Announcement 2 August 2023 Faraday Metallurgical TestworkExcellent Flotation Response Highlights • Flowsheet development test work has achieved 81.0% lithium recovery to a 6.3% Li2O flotation concentrate. • Faraday mineralisation has been shown to respond well to heavy liquid separation and at finer sizing by direct flotation after removal of magnetic particles and slimes. • Elevated grades of rubidium (up to 0.7%) have been determined in some process streams with an association to potassium. • Widgie continues to progress final offtake discussions for Faraday, following lodgement of mining proposal with DMIRS in May. Managing Director and CEO Mr Steve Norregaard commented: “This excellent metallurgical response confirms the favourable mineralogy of Faraday mineralisation, and is an important further step in the commercialisation of this valuable resource. Grade is one thing, but the ability to easily liberate the desired lithium mineral from your ore is as important. Widgie is increasingly confident of generating significant value from Faraday. Our eyes are currently fixed on the short-term DSO opportunity, and these results will verify our discussions with DSO offtake partners, while also informing longer term potential.” Figure 1 Faraday drill core under UV light, Red/Orange – Spodumene (Lithium bearing mineral LiAlSi2O6) Flotation test and Li2O concentrate produced ABN 77 648 687 094 Level 4, 220 St Georges Tce Perth, WA 6000 PO BOX 7713 Cloisters Square WA 6850 T: +61 8 6381 7250 F: +61 8 6381 7299 info@widgienickel.com.au www.widgienickel.com.au 1 Faraday Metallurgical Testwork-Excellent Flotation Response 2 August 2023 Widgie Nickel Ltd (ASX: WIN) (“Widgie” or “the Company”) is pleased to announce the results of flowsheet development testwork for its Faraday Lithium Project (“Faraday”), in accordance with JORC 2012. Metallurgical Testwork Summary – Discussion of Results Further metallurgical characterisation and process flowsheet development testwork has been undertaken at ALS Metallurgy Pty Ltd in Balcatta, Perth. An available 1.01% Li2O composite sample prepared from diamond drill core was used for flowsheet development testing and is considered indicative of the higher-grade sections of the known Faraday mineralisation. The head assay for the composite sample is shown in Table 1. Table 1 Composite 2303 Li01-27 Head Analysis (23MEDD002 12.00m to 25.24m) % Li2O % SiO2 % Al2O3 % Na2O % K2O % Fe2O3 %CaO %Mn % Rb 1.01 74.8 15.6 5.36 1.98 0.51 0.12 0.12 0.11 The program design was guided by testing methods to simulate potential treatment options at existing concentrators with the aim to develop a bespoke process. A composite sample made up of 90 kilograms of half PQ diamond core was used in the program which included, size by assay analysis, heavy liquid separation (HLS) testing (a proxy for potential dense media or other gravity separation processes), trials with a multi gravity separator (MGS) and grinding, low intensity magnetic separation (LIMS), deslime and flotation testwork. Assay and deportment results for stage crushing preparation of three HLS feed samples and a minus 150-micron fraction are presented in Table 2. Table 2 Composite 2303 Li01-27_Size Fraction Analysis Size Fraction Weight Al2O3 Na2O K2O Li2O Fe2O3 Rb (mm) (%) % %dist % %dist % %dist % %dist % %dist % %dist -10.0 +4.75 39.8 16.2 40.6 5.25 40.4 1.97 38.5 1.16 43.3 0.47 36.6 0.10 38.1 -4.75 +1.00 35.0 15.7 34.7 4.90 33.5 2.18 37.4 1.13 37.3 0.43 29.7 0.11 37.2 -1.00 +0.150 17.3 15.2 16.6 4.76 15.9 2.09 17.7 0.91 14.8 0.65 22.1 0.11 18.3 -0.150 7.9 16.4 8.2 6.67 10.2 1.66 6.5 0.60 4.5 0.74 11.6 0.09 6.4 Calc'd Head 100.0 15.9 100.0 5.17 100.0 2.04 100.0 1.06 100.0 0.51 100.0 0.11 100.0 Assay Head 15.6 5.36 1.98 1.01 0.51 0.11 The higher lithium grade composite responded similarly to earlier bench scale HLS tests (refer to “Maiden Resource Proves Up Faraday DSO Starter Pit Opportunity” 29 March 2023) with clean lithium concentrates generated in the +2.9 SG sinks for crushed feed fractions between 1 and 10mm. A finer fraction -1.00 +0.150mm also underwent HLS via a centrifugal separation process and demonstrated a significant increase in lithium recovery to the plus 2.9 sinks, indicating the lithium bearing mineral is well liberated in this size range. Results for the HLS tests are shown in Tables 3 to 5. Table 3 Composite 2303 Li01-27_-10.0 +4.75mm HLS Results Weigh t (%) % %dist % %dist % %dist % %dist % %dist % %dist -2.70 77.2 15.3 73.0 6.11 89.9 2.36 92.3 0.37 24.4 0.41 67.6 0.12 91.2 +2.70, - 2.85 12.6 17.3 13.5 2.98 7.2 0.84 5.4 2.93 32.0 0.61 16.5 0.05 6.2 +2.85, - 2.90 7.8 20.6 10.0 1.73 2.6 0.53 2.1 4.56 31.0 0.67 11.2 0.03 2.3 +2.90 2.4 24.2 3.5 0.79 0.4 0.21 0.2 6.18 12.6 0.93 4.7 0.01 0.3 Calc'd Head 100.0 16.2 100.0 5.25 100.0 1.97 100.0 1.16 100.0 0.47 100.0 0.10 100.0 SG Class ABN 77 648 687 094 Level 4, 220 St Georges Tce Perth, WA 6000 Al2O3 Na2O PO BOX 7713 Cloisters Square WA 6850 K2O Li2O T: +61 8 6381 7250 F: +61 8 6381 7299 Fe2O3 info@widgienickel.com.au www.widgienickel.com.au Rb 2 Faraday Metallurgical Testwork-Excellent Flotation Response 2 August 2023 Table 4 Composite 2303 Li01-27_-4.75 +1.00mm HLS Results Weight Al2O3 Na2O K2O Li2O Fe2O3 Rb SG Class (%) % %dist % %dist % %dist % %dist % %dist % %dist -2.70 77.9 14.0 69.4 5.81 91.5 2.57 91.8 0.15 10.3 0.30 54.1 0.13 89.6 +2.70 - 2.85 8.2 18.2 9.5 3.25 5.4 1.62 6.1 2.30 16.6 0.92 17.4 0.11 7.9 +2.85 - 2.90 6.8 21.6 9.4 1.78 2.5 0.54 1.7 4.72 28.4 0.81 12.8 0.03 2.0 +2.90 7.1 25.9 11.8 0.47 0.7 0.14 0.5 7.08 44.6 0.95 15.7 0.01 0.5 Calc'd Head 100.0 15.7 100.0 4.94 100.0 2.18 100.0 1.13 100.0 0.43 100.0 0.11 100.0 Table 5 Composite 2303 Li01-27_-1.00 +0.150mm HLS Results Weight Al2O3 Na2O K2O Li2O Fe2O3 Rb SG Class (%) % %dist % %dist % %dist % %dist % %dist % %dist -2.70 80.7 12.6 66.8 5.66 95.9 2.10 80.9 0.04 3.8 0.16 19.9 0.10 71.7 +2.70 - 2.90 6.2 27.0 11.0 2.12 2.8 5.92 17.5 1.12 7.6 2.27 21.6 0.47 25.8 +2.90 13.1 25.8 22.2 0.50 1.4 0.25 1.6 6.18 88.6 2.90 58.5 0.02 2.4 Calc'd Head 100.0 15.2 100.0 4.76 100.0 2.09 100.0 0.914 100.0 0.65 100.0 0.11 100.0 A feature of the preliminary testwork to date has been the consistently good quality of lithium concentrate produced via HLS testing of size fractions between 1mm and 10mm. The results for heavy liquid separations at 2.9 and 3.0 SG show lithium grades of the sinks as expressed by Li2O ranging from 6.5 to 7.2% and iron content as expressed by % Fe2O3 consistently below 1.15% (average 0.92%). Total alkalis (Na2O + K2O) have been assayed for only the higher-grade composite and returned less than 1.1%. Coupled with the coarse size of the concentrates, these outcomes are considered to be desirable properties for potential off takers. With knowledge from the HLS tests that over 88% of lithium was recovered to the 2.9 SG sinks at the finer particle size (-1.00, +0.150mm) testing was caried out on a flowsheet that ground feed to P80 106µm, underwent a low intensity magnetic separation and a desliming step before forward flotation using a fatty acid collector. This flowsheet when tested at bench scale demonstrated potential for an excellent metallurgical response. Using a rougher and two stage cleaner circuit configuration 81% of lithium in the feed was recovered to a recleaner concentrate of 6.3% Li2O. Applying a lower cut point, the calculated lithium recovery increased to 85% with a concentrate of 5.52% Li2O (see Table 6 below). An inclusion of a low intensity magnetic separation (LIMS) step has proven beneficial in removing iron rich minerals, iron being a deleterious element in the downstream treatment of Spodumene concentrates. ABN 77 648 687 094 Level 4, 220 St Georges Tce Perth, WA 6000 PO BOX 7713 Cloisters Square WA 6850 T: +61 8 6381 7250 F: +61 8 6381 7299 info@widgienickel.com.au www.widgienickel.com.au 3 Faraday Metallurgical Testwork-Excellent Flotation Response 2 August 2023 Table 6 Composite 2303 Li01-27_ Grind/LIMS/Deslime and Flotation Flowsheet Results PROCESS STREAM Weight Li2O Fe2O3 Al2O3 SiO2 % % %dist % %dist % %dist % %dist ReClnr. Conc. 1 4.98 7.00 33.1 2.53 17.3 25.3 8.2 61.9 4.2 ReClnr. Conc. 2 3.18 6.85 20.7 1.92 8.4 25.0 5.2 62.8 2.7 ReClnr. Conc. 3 2.57 6.07 14.8 1.51 5.3 24.2 4.1 64.2 2.2 ReClnr. Conc. 4 2.76 4.74 12.4 1.09 4.1 21.7 3.9 67.1 2.5 ReClnr Tail 2.83 1.68 4.5 0.79 3.1 17.5 3.2 71.6 2.8 Clnr Tail 7.79 0.30 2.2 0.26 2.8 13.7 7.0 74.7 7.9 Ro. Tail 65.0 0.06 4.0 0.15 13.4 13.5 57.4 75.8 67.2 Slimes 10.52 0.82 8.2 1.25 18.0 15.8 10.9 71.8 10.3 Magnetic Conc. 0.33 0.34 0.1 61.7 27.7 5.55 0.1 28.0 0.1 Calc'd Head 100.0 1.05 100.0 0.73 100.0 15.3 100.0 73.4 100.0 Assay Head 1.01 0.51 15.6 74.8 Cumulative Grades and Recoveries Weight POTENTIAL PRODUCT % % % %dist % %dist % %dist % ReClnr. Conc. 1 5.0 7.00 33.1 2.53 17.3 25.3 8.24 61.9 4.2 ReClnr. Conc. 1 to 2 8.2 6.94 53.8 2.29 25.7 25.2 13.4 62.3 6.9 ReClnr. Conc. 1 to 3 10.7 6.73 68.6 2.11 31.0 24.9 17.5 62.7 9.2 ReClnr. Conc. 1 to 4 13.5 6.32 81.0 1.90 35.1 24.3 21.4 63.6 11.7 Comb. Clnr Conc 16.3 5.52 85.5 1.71 38.2 23.1 24.7 65.0 14.5 Li2O Fe2O3 Al2O3 SiO2 Two phases of metallurgical characterisation testing have now been undertaken on the samples. The dominant lithium mineral identified by XRD analysis is spodumene and good quality concentrates above 6% Li2O have been achieved both in HLS and flotation testwork. A flowsheet with a ball mill grind, low intensity magnetic separation and desliming ahead of flotation has shown promise and supports further optimisation and assessment using a range of variability samples. Elevated grades of rubidium have been confirmed in the Faraday metallurgical samples. The rubidium tends to report with potassium to the +2.70 -2.90 SG fraction in HLS testing, inferring as association with potassium feldspar. Further work is required to understand the occurrence of rubidium and the potential for upgrade. Faraday Location The Faraday-Trainline Lithium Project area is located on Mining Lease M15/102, 4km west north-west of the Widgiemooltha townsite. Access is via the Coolgardie-Norseman Rd, 63km south of Coolgardie. Faraday and Trainline are central to Widgie’s Mt Edwards Project, covering a significant land holding within the “Lithium Corridor” between Mt Marion to the north and Pioneer Dome to the south (Figure 2). ABN 77 648 687 094 Level 4, 220 St Georges Tce Perth, WA 6000 PO BOX 7713 Cloisters Square WA 6850 T: +61 8 6381 7250 F: +61 8 6381 7299 info@widgienickel.com.au www.widgienickel.com.au 4 Faraday Metallurgical Testwork-Excellent Flotation Response 2 August 2023 Figure 2 - Regional Geology showing Faraday and Trainline Lithium Project location, and surrounding lithium Projects Geology and Lithium Mineralisation The Mt Edwards Project lithium tenements cover the northern margin of the Widgiemooltha Dome. The mineralisation at Faraday-Trainline Project is hosted within Lithium-Caesium-Tantalum (LCT) pegmatites associated with fractionated late-stage granitic intrusions. The stacked pegmatites veins have intruded the steeply dipping mafic/ultramafic country rock dipping shallowly to the west at 20o and are found to be outcropping in places. The pegmatites widths vary from 1m to 14m in thickness, with greater thicknesses observed within the ultramafic host. The pegmatites have a strike length of 800m north-south and are open at depth. Faraday and Trainline have been separated by a late-stage, cross cutting east-west dolerite intrusive that truncates the pegmatite bodies to the north and south. The maiden Mineral Resource Estimate (MRE) for Faraday was released in March 2023, stating 481kt at 0.59% Li2O at 0.3% Li2O cut-off. ABN 77 648 687 094 Level 4, 220 St Georges Tce Perth, WA 6000 PO BOX 7713 Cloisters Square WA 6850 T: +61 8 6381 7250 F: +61 8 6381 7299 info@widgienickel.com.au www.widgienickel.com.au 5 Faraday Metallurgical Testwork-Excellent Flotation Response 2 August 2023 Drill hole Summary One PQ diamond drill hole (23MEDD002) was drilled to a depth of 29m to obtain the sample for metallurgical test work. 23MEDD002 was drilled in the central zone of the proposed Faraday Starter Pit (Figure 3) intersecting 13.24m of pegmatite for test work. Core was cut into half and quarter core. The half core was sent at ALS Metallurgy Pty Ltd in Balcatta, Perth, for Metallurgical test work and a quarter core was sent to Intertek Genalysis, located in Maddington WA, for geochemical analysis. Remaining quarter core was retained. Figure 3 Faraday Project with location of 23MEDD002, Faraday Starter Pit and block model Drill Result Table 7 23MEDD002 Drill Intercept used for Metallurgical Testwork Hole ID Drill Type Prospect Programme Depth From (m) Depth To (m) DH Width (m) Li2O (%) 23MEDD002 DD Faraday MET 12.00 25.24 13.24 0.89 MET =Drill hole used for metallurgical testwork DD = Diamond Core ABN 77 648 687 094 Level 4, 220 St Georges Tce Perth, WA 6000 PO BOX 7713 Cloisters Square WA 6850 T: +61 8 6381 7250 F: +61 8 6381 7299 info@widgienickel.com.au www.widgienickel.com.au 6 Faraday Metallurgical Testwork-Excellent Flotation Response 2 August 2023 Drilling Detail Table 8 Collar details for the diamond drill hole reported in this ASX announcement Hole ID Prospect Drill Type Total Depth (m) Survey Method Easting (m) Northing (m) RL (m) Dip Azimuth 23MEDD002 Faraday DD 29 RTK_GPS 360569 6515629 375 -59.8 88.5 Survey method RTK_DGPS = Real Time Kinematic Digital Global Positioning System, GP = Handheld Global Positioning System (Garmin GPS) Next Steps The Company intends to further develop the promising process flowsheet identified and test samples representing a range of lithium grades reflective of the overall mineralisation. Rubidium assays will be tracked in this work to consider the case for mineralogical assessment and concentration testwork. Competent Person Statement – Exploration Results The information in this announcement that relates to exploration results and sampling techniques is based on and fairly represents information and supporting documentation compiled by Mr William Stewart, who is a full-time employee of Widgie Nickel Limited. Mr Stewart is a member of the Australian Institute of Metallurgy and Mining (member no 224335). Mr Stewart has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Mr Stewart consents to the inclusion in the report of the matters based on his information in the form and context in which it appears. Competent Person Statement – Metallurgical Results The information in this announcement that relates to Metallurgical Results is based on information compiled by independent consulting metallurgist Brian McNab (FAusIMM, (CP). B.Sc Extractive Metallurgy). Mr McNab is a Member of AusIMM. He is employed by Wood Mining and Metals. Mr McNab has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity, which is undertaken, to qualify as a Competent Person as defined in the JORC 2012 Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Mr McNab consents to the inclusion in the announcement of the matters based on the information made available to him, in the form and context in which it appears. Compliance Statement The information in this report that relates to Exploration Results are extracted from the ASX Announcements listed in the table below, which are also available on the Company’s website www.widgienickel.com.au. Date Title 08/12/2022 Assays confirm High Grade Lithium discovery at Faraday 09/01/2023 Further Assays Reaffirm High-grade Lithium Discovery at Faraday 14/02/2023 Widgie Fast-tracks Faraday Li2O Deposit for DSO Opportunity 29/03/2023 Maiden Resource Proves Up Faraday DSO Stater Pit Opportunity 08/05/2023 Faraday Mining Proposal Lodged 04/07/2023 New lithium Discoveries Position Widgie for Resource Growth ABN 77 648 687 094 Level 4, 220 St Georges Tce Perth, WA 6000 PO BOX 7713 Cloisters Square WA 6850 T: +61 8 6381 7250 F: +61 8 6381 7299 info@widgienickel.com.au www.widgienickel.com.au 7 Faraday Metallurgical Testwork-Excellent Flotation Response 2 August 2023 The Company confirms that it is not aware of any new information or data that materially affects the information included in the original market announcements and that all material assumptions and technical parameters underpinning the estimates in the market announcements continue to apply and have not materially changed. The Company confirms that the form and context in which the Competent Persons’ findings are presented have not been materially modified from the original market announcements. Approved by: Board of Widgie Nickel Ltd For further details please contact Steve Norregaard Managing Director steve@widgienickel.com.au 0472 621 529 ABN 77 648 687 094 Level 4, 220 St Georges Tce Perth, WA 6000 PO BOX 7713 Cloisters Square WA 6850 -ENDSMedia Inquiries: Shane Murphy FTI Consulting shane.murphy@fticonsulting.com 0420 945 291 T: +61 8 6381 7250 F: +61 8 6381 7299 info@widgienickel.com.au www.widgienickel.com.au 8 Faraday Metallurgical Testwork-Excellent Flotation Response 2 August 2023 Table 1 information in accordance with JORC 2012: Mt Edwards Lithium Exploration Section 1 Sampling Techniques and Data (Criteria in this section apply to all succeeding sections.) Section 1 Sampling Techniques and Data Criteria Sampling techniques JORC Code Explanation Nature and quality of sampling (e.g., cut channels, random chips, or specific specialised industry standard measurement tools appropriate to the minerals under investigation, such as down hole gamma sondes, or handheld XRF instruments, etc). These examples should not be taken as limiting the broad meaning of sampling All new data collected from the Faraday Lithium Project discussed in this report is in relation to Diamond (DD) drilling completed at the Faraday Project in 2023. Include reference to measures taken to ensure sample representivity and the appropriate calibration of any measurement tools or systems used. With sampling of the prospective pegmatite vein and 2-5m into the mafic/ultramafic waste rock host to ensure representative sampling. Aspects of the determination of mineralisation that are Material to the Public Report. In cases where ‘industry standard’ work has been done this would be relatively simple (e.g., ‘reverse circulation drilling was used to obtain 1 m samples from which 3 kg was pulverised to produce a 30 g charge for fire assay’). In other cases, more explanation may be required, such as where there is coarse gold that has inherent sampling problems. Unusual commodities or mineralisation types (e.g., submarine nodules) may warrant disclosure of detailed information. Drilling Techniques Drill Sample Recovery Drill type (e.g., core, reverse circulation, open- hole hammer, rotary air blast, auger, Bangka, sonic, etc) and details (e.g., core diameter, triple or standard tube, depth of diamond tails, face-sampling bit or other type, whether core is oriented and if so, by what method, etc). Method of recording and assessing core and chip sample recoveries and results assessed. Measures taken to maximise sample recovery and ensure representative nature of the samples. Whether a relationship exists between sample recovery and grade and whether sample bias may have occurred due to preferential loss/gain of fine/coarse material. Logging Whether core and chip samples have been geologically and geotechnically logged to a level of detail to support appropriate Mineral Resource estimation, mining studies and metallurgical studies. Whether logging is qualitative or quantitative in nature. Core (or costean, channel, etc) photography. The total length and percentage of the relevant intersections logged. Subsampling techniques and sample preparation Commentary If core, whether cut or sawn and whether quarter, half or all core taken. ABN 77 648 687 094 Level 4, 220 St Georges Tce Perth, WA 6000 PO BOX 7713 Cloisters Square WA 6850 DD samples of NQ2 size quarter core have been acquired according to logged lithological and mineralisation boundaries at lengths between 0.3 metres to 1.3 metres. No other measurement tools related to sampling have been used in the holes for sampling other than directional/orientation survey tools. A four-acid digest. With an Inductively Coupled Plasma Optical Emission Spectrometry (ICP-OES) finish for Li only One (1) drillhole was completed and reported in this announcement for 29m drilled. The DD rig is an Austex 1550 drilling NQ2 with standard tube. Core is oriented using Reflex ACT III tool. Hole was drilled at a nominal dip angle of -60° and azimuth angle to orthogonally intercept the interpreted favourable geological contact zone. The sample recovery is logged by a geologist during drilling, and recoveries have been considered acceptable. With all sampling being dry. Minor sample loss was recognised while sampling the first metre of some drillholes due to very fine grain size of the surface and nearsurface material. No relationship between sample recovery and grade has been recognised. All DD holes have been geologically logged (both quantitatively and qualitatively) for lithology, weathering, alteration and mineralogy and sampled following drilling. All DD holes are photographed. The total length of DD of 29 metres completed. Geochemical analysis of each hole has been correlated back to logged geology for validation. DD core was cut into half core for metallurgical testwork, the remain half was cut into quarter core with one quarter sent for geochemical analysis and the other quarter retained. T: +61 8 6381 7250 F: +61 8 6381 7299 info@widgienickel.com.au www.widgienickel.com.au 9 Faraday Metallurgical Testwork-Excellent Flotation Response 2 August 2023 Section 1 Sampling Techniques and Data If non-core, whether riffled, tube sampled, rotary split, etc and whether sampled wet or dry. For all sample types, the nature, quality and appropriateness of the sample preparation technique. The sample preparation technique carried out in the field is considered industry best standard practice and was completed by the geologist. All samples were dry A 300g split was taken at the bowl upon completion of the grind and sent to the next facility for assay. The remainder of the sample (now pulverised) was bagged and retained until further notice. Quality of assay data and laboratory tests Quality control procedures adopted for all subsampling stages to maximise representivity of samples. Measures taken to ensure that the sampling is representative of the in-situ material collected, including for instance results for field duplicate/second-half sampling. Whether sample sizes are appropriate to the grain size of the material being sampled. The nature, quality and appropriateness of the assaying and laboratory procedures used and whether the technique is considered partial or total. For geophysical tools, spectrometers, handheld XRF instruments, etc, the parameters used in determining the analysis including instrument make and model, reading times, calibrations factors applied and their derivation, etc. Nature of quality control procedures adopted (e.g., standards, blanks, duplicates, external laboratory checks) and whether acceptable levels of accuracy (i.e. lack of bias) and precision have been established. Verification of sampling and assaying The verification of significant intersections by either independent or alternative company personnel. The use of twinned holes The verification of significant intersections by either independent or alternative company personnel. Discuss any adjustment to assay data For each submitted sample, the remaining sample (material) less the aliquot used for analysis has been retained, with the majority retained and returned to the original calico bag and a nominal 100g portion split into a pulp packet for future reference. Widgie Nickel has established QAQC procedures for all drilling and sampling programs including the use of commercial Certified Reference Material (CRM) as field and laboratory standards, field and laboratory duplicates and blanks. Lithium CRM samples have been inserted into the batches by the geologist, at a nominal rate of 5% of the total samples. Field duplicate samples have been taken in visibly mineralised zones, at a rate of 2% of total samples. Samples of blank material have been submitted immediately after visibly mineralised zones at a nominal rate of 5% of the total samples. Sample size is considered appropriate to the grain size of the material being sampled. Samples were analysed at Intertek Perth, WA. Individual samples have been assayed for lithium only per the laboratory’s procedure for a four-acid digest. With an Inductively Coupled Plasma Optical Emission Spectrometry (ICP-OES) finish for Lithium only Internal sample quality control analysis was then conducted on each sample and on the batch by the laboratory. Results have been reported to Widgie Nickel in CSV, PDF and SIF formats. A detailed QAQC analysis was carried out with all results assessed for repeatability and meeting expected values relevant to lithium and related elements. Any failures or discrepancies were followed up as required. Assay results are provided by the laboratory to Widgie Nickel in CSV, PDF and XLS formats, and then validated and entered into the database managed by an external Database contractor. Backups of the database are stored both in and out of office. Assay, Sample ID and logging data are matched and validated using filters in the drill database. The data is further visually validated by Widgie Nickel geologists and database staff. Significant intersections are verified by senior Widgie Nickel geologists. QAQC reports are run and the performance of the laboratory is evaluated periodically by senior Widgie Nickel geologists. No drill holes were twinned. Oxide Li2O value is calculated by multiplying elemental Li% by a factor of 2.153. ABN 77 648 687 094 Level 4, 220 St Georges Tce Perth, WA 6000 PO BOX 7713 Cloisters Square WA 6850 T: +61 8 6381 7250 F: +61 8 6381 7299 info@widgienickel.com.au www.widgienickel.com.au 10 Faraday Metallurgical Testwork-Excellent Flotation Response 2 August 2023 Location of data points Section 1 Sampling Techniques and Data Accuracy and quality of surveys used to locate drill holes (collar and down-hole surveys), trenches, mine workings and other locations used in Mineral Resource estimation. A differential GPS (DGPS) has been used to determine the majority of drillhole collar locations, accurate to within 0.1 metres. Specification of the grid system used Downhole survey using Reflex Sprint IQ gyro survey equipment was conducted during the program by the drilling contractor. Quality and adequacy of topographic control MGA94_51S is the grid system used in this program. Downhole Gyro survey data have been converted from true north to MGA94 Zone51S and saved into the data base. The formulas used are: Grid Azimuth = True Azimuth + Grid Convergence. Grid Azimuth = Magnetic Azimuth + Magnetic Declination + Grid Convergence. The Magnetic Declination and Grid Convergence have been calculated with and accuracy to 1 decimal place using plugins in QGIS. Magnetic Declination = 0.8 Grid Convergence = -0.7 Topographic control is provided by collar surveys drilled in this campaign, and by either collar survey or historical topographic surveys for historical data. Topographic control is considered adequate. Data spacing and distribution Orientation of data in relation to geological structure Sample security Data spacing for reporting of Exploration Results All DD drillhole have been sampled at between 0.3 and 1.3 metres. Whether the data spacing and distribution is sufficient to establish the degree of geological and grade continuity appropriate for the Mineral Resource and Ore Reserve estimation procedure(s) and classifications applied. This hole reported is for Metallurgical testwork were drill spacing is not relevant. However, this hole was drilled in the central zone of the Faraday deposit to provide representative samples. Whether sample compositing has been applied Whether the orientation of sampling achieves unbiased sampling of possible structures and the extent to which this is known, considering the deposit type. If the relationship between the drilling orientation and the orientation of key mineralised structures is considered to have introduced a sampling bias, this should be assessed and reported if material. The measures taken to ensure sample security Compositing is not applicable to Metallurgical drill hole. Previous drill holes and geological mapping aided in the determination that the interpretated pegmatite veins dip shallowly to the west at 20o. All subsequent drilling was orientated at -60o towards the east at 090o to gain optimum drill angles orthogonal to the interpretated pegmatite veins. All DD samples were transported to the Widgie Nickel wareh