Announcement PDF ASX Announcement ASX:WIN 15 January 2024 Widgie 3 Mineral Resource Update Highlights • Mineral Resource Estimate (MRE) now stands at 734Kt @ 1.53% Ni for 11,200 nickel tonnes. • 70% of the MRE classified as Indicated for 6,880t of contained nickel. 2018 MRE1 was classified as Inferred only. • 14% increase in nickel grade with a significant 32% reduction in contained arsenic versus the 2018 MRE (above a cut-off of 0.7% Ni). • 2024 MRE now includes Palladium + Platinum + Gold (3PGE). With Au (0.14g/t), Pt (0.19g/t) and Pd (0.45g/t) for 0.78g/t 3PGE (equating to 3,370oz Au, 4,550oz Pt and 10,520oz Pd). • 2024 MRE contains 222kt of high grade 1.95% Ni Inferred Resources at depth. Mineralisation remains open at depth with increasing grade potential. • 63% of the 91,270t of nickel MRE at Widgie South Project Area is now classified as Indicated Resources. • Total Mt Edwards Nickel Resource grows to 191,340t of contained nickel. Widgie Nickel Managing Director and CEO, Mr Steve Norregaard, commented: "The third of 6 resource revisions represents a resounding success with what was previously an inferred resource we now have 70% in the indicated category, this greatly improves our confidence as it feeds into the scoping study. Importantly we have also seen an improvement in nickel grade, a reduction in arsenic grade and inclusion of notable by-product credits.” “This is a great outcome with ample opportunities to increase the resource clearly evident. Widgie 3 is now another high-quality resource in the company's portfolio, cementing the positive prospects for the upcoming scoping study.” “Widgie’s unique assemblage of 12 resources in close proximity make for a wonderful opportunity to build a long life, high confidence, low risk mining operation in the medium term.” Widgie 3 Nickel Deposit MRE Update Widgie Nickel Ltd (ASX: WIN) (“Widgie” or “the Company”) is pleased to announce the updated MRE for the Widgie 3 nickel deposit, reported in accordance with the 2012 JORC Code. Cube Consulting Pty Ltd completed the MRE which has been reported above a cut-off grade of 0.7% Ni (Table 1). 1 Refer to Neometals ASX announcement “Mt Edwards Project Mineral Resource over 120,000 Nickel Tonnes” 25 June 2018 1 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 ASX:WIN Widgie 3 Mineral Resource Update 15 January 2024 Table 1: Widgie 3, 2024 MRE by Classification and Domain type Classification Indicated Inferred Domain Tonnes Ni Nickel Cu Co Fe As MgO 3PGE (kt) (%) (t) (%) (%) (%) (ppm) (%) (ppm) 103 409 512 72 150 222 734 2.75 0.99 1.34 4.30 0.82 1.95 1.53 2,830 4,050 6,880 3,090 1,240 4,330 11,200 0.23 0.09 0.12 0.42 0.08 0.19 0.14 0.04 0.02 0.02 0.05 0.02 0.03 0.02 11.1 7.1 7.9 15.0 7.2 9.7 8.5 1689 325 599 1466 352 712 633 17.5 27.9 25.8 14.3 26.4 22.5 24.8 1.53 0.50 0.71 2.07 0.43 0.96 0.78 Massive Disseminated Sub-Total Massive Disseminated Sub-Total TOTAL Tonnes and grades have been rounded to reflect the relative uncertainty of the estimate. Table 2 and Figure 1 demonstrates the grade-tonnage relationship for the January 2024 Widgie 3 MRE at varying cut-offs. Table 2: Grade Tonnage for Combined Indicated and Inferred January 2024 Widgie 3 MRE. Ni Tonnes Ni Cu Co Fe As MgO 3PGE Cut-off (t) (%) (%) (%) (%) (ppm) (%) (ppm) 0 0.4 0.5 0.6 0.7 0.8 0.9 1 1.5 2 1,285,837 1,260,276 1,150,714 946,046 733,907 583,906 473,997 357,091 181,035 168,522 1.11 1.13 1.19 1.33 1.53 1.73 1.93 2.25 3.33 3.45 0.10 0.10 0.11 0.12 0.14 0.16 0.18 0.20 0.30 0.31 0.02 0.02 0.02 0.02 0.02 0.03 0.03 0.03 0.04 0.04 7.8 7.8 7.9 8.1 8.5 8.8 9.3 10.0 12.5 12.7 436 441 468 535 633 733 799 921 1545 1619 25.4 25.5 25.4 25.2 24.8 24.4 23.9 22.7 16.7 16.3 0.57 0.58 0.62 0.68 0.78 0.89 0.98 1.14 1.71 1.77 Figure 1: Widgie 3 grade-tonnage curve A cut-off grade of 0.7% Ni has been chosen to reflect Reasonable Prospects for Eventual Economic Extraction (RPEEE) of the MRE via conventional underground mining techniques. 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 ASX:WIN Widgie 3 Mineral Resource Update 15 January 2024 Project Location The Widgie 3 Nickel Deposit is located on Mining Lease M15/94, 2km south of Widgiemooltha. Access is via the Coolgardie-Esperance Highway, with the turn-off to the mine site 63 km from Coolgardie (Figure 2). Widgie 3 is part of the larger Widgie South Project Area at Mt Edwards which consists of Widgie 3, Gillett and Widgie Townsite nickel deposits shown in Figure 3 below. Widgie South, in aggregate now contains 6.35Mt at 1.44% Ni for 91,270t2 of nickel over a strike length of 2.8km. Widgie holds the nickel mineral rights over M15/94, representing a significant portion of the highly prospective Widgiemooltha Dome. Figure 2: Regional Geology showing Widgie 3 Nickel Deposit and surrounding nickel deposits. * Reported at 0.7% Ni cut-off. All other resources reported at 1% Ni cut-off 3 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 ASX:WIN Widgie 3 Mineral Resource Update 15 January 2024 Figure 3: Widgie South Project Area including Widgie 3, Gillett and Widgie Townsite Nickel Deposits Nickel Mineral Resources Widgie Nickel’s total nickel Mineral Resource inventory now stands at 13.14Mt at 1.46% Ni for 191,340t of nickel (Table 3). The Widgie South Project area (Widgie 3, Gillett and Widgie Townsite deposits) contains 6.35Mt at 1.44% Ni for 91,270t of nickel (Table 4) with 63% of resources at Widgie South classified as Indicated. All Mineral Resources except for Widgie 3, Gillett and Armstrong have been reported at a 1% Ni cut-off grade. The Mt Edwards Nickel Project Scoping Study currently underway supports a revised lower cut-off grade of 0.7% Ni which will be used for all forthcoming nickel resource estimate updates. 4 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 ASX:WIN Widgie 3 Mineral Resource Update 15 January 2024 Table 3: Widgie Nickel’s Total Nickel Mineral Resources Indicated Tonne Nickel (kt) (%) 512 1.34 2,267 1.35 1,183 1.69 Deposit Widgie 3 Gillett Widgie Townsite Munda Armstrong 132N Cooke Inco Boundary McEwen McEwen HW Mt Edwards 26N Zabel TOTAL 949 34 1.45 2.90 272 1.94 Inferred Tonne Nickel (kt) (%) 222 1.95 871 1.16 1,293 1.49 508 1.85 10 1.04 426 1.90 154 1.30 464 1.20 1,133 1.35 1,916 1.36 871 1.43 53 2.04 5,217 1.49 7,921 1.44 TOTAL Resources Tonne Nickel Nickel (kt) (%) Tonnes 734 1.53 11,200 3,138 1.30 40,770 2,476 1.60 39,300 508 1.85 9,400 959 1.44 13,820 460 2.00 9,050 154 1.30 2,000 464 1.20 5,590 1,133 1.35 15,340 1,916 1.36 26,110 871 1.43 12,400 325 1.96 6,360 13,138 1.46 191,340 All Resources reported at 1.0% Ni cut-off except for Widgie 3, Gillett and Armstrong which are reported at 0.7% Ni cut-off Tonnes and grade have been rounded to reflect the relative uncertainty of the estimates Table 4: Widgie South Project area Nickel Mineral Resources Deposit Widgie 3 Gillett Widgie Townsite TOTAL Indicated Inferred Tonne Nickel Tonne Nickel (kt) (%) (kt) (%) 512 222 1.95 1.34 2,267 871 1.16 1.35 1,183 1.69 1,293 1.49 Total Resources Tonne Nickel Nickel (kt) (%) Tonnes 734 1.53 11,200 3,138 1.30 40,770 2,476 1.60 39,300 3,962 6,348 1.45 2,386 1.41 1.44 91,270 Widgie Townsite reported at 1.0% Ni cut-off. Widgie 3 and Gillett are reported at 0.7% Ni cut-off Tonnes and grade have been rounded to reflect the relative uncertainty of the estimates Geology and Mineralisation Interpretation Widgie 3 is located on the northeast flank of the Widgiemooltha Dome, within a sequence of intercalated mafic and ultramafic rocks. At the deposit scale the main ultramafic formation (Widgiemooltha Komatiite) consists of numerous flows of picritic to peridotitic composition with minor interflow cherty sediments. The sequence generally strikes north-south, faces east and dips vertical. Rhyolitic porphyry dykes with a general north-northwest strike intrude the sequence and in places stopes out mineralisation. The footwall rocks, west of the ultramafic sequence consist of relatively undeformed Mt Edwards Basalt. The deposit mineralisation comprises several lenses of massive to disseminated nickel sulphide mineralisation occurring predominantly within an embayment on the ultramafic-basalt contact (Figure 4). The massive sulphide mineralisation is modelled as within or coincident to the disseminated 5 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 ASX:WIN Widgie 3 Mineral Resource Update 15 January 2024 domain outline. Four massive sulphide domains (one main and three minor) are on average 1.0 m wide, but up to 2.8 m at its widest section whilst the disseminated mineralisation domains (one main and one minor) are typically 5.5 m wide extending up to 17 m at its widest section. Figure 4: Widgie 3 deposit Geology and Mineralisation The overall nickel sulphide mineralisation strikes north-northwest for approximately 320m from a depth of approximately 40m to 450m below surface and dips steeply between 80° to the east or west with a steep plunge to the north. Widgie 3 is found on the western limb of the Widgie South Fold Complex (WSFC) illustrated below (Figure 5). The Widgie 3 surface projection is on the eastern slope of a prominent hill at Widgie South. The depth of weathering here is typically shallow with fresh rock from 5m to 20m depth. 6 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 ASX:WIN Widgie 3 Mineral Resource Update 15 January 2024 Figure 5: Schematic Geological Setting - Widgie South Fold Complex Drilling Techniques and Spacing The drilling database for the Widgie 3 deposit area has a combination of the drilling types including reverse circulation (RC), diamond drilling (DD) and RC with DD tails (RC/DD). For the MRE, all RC, DD and RC/DD were used with a combined drill spacing ranging from 20m x 20m in shallow areas out to approximately 50m x 100m at depth. The January 2024 MRE update is supported by 72 DD holes, 33 RC holes and 24 RC/DD holes, for a total of 21,755 m of drilling. Recent drilling completed by Widgie during 2022 and 2023 at Widgie 3 includes 1 DD hole, 12 RC holes and 24 RC/DD holes for a total of 10,006 m of drilling. 7 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 ASX:WIN Widgie 3 Mineral Resource Update 15 January 2024 Figure 6: Widgie 3 Mineralisation (blue wireframe disseminated, red wireframe massive sulphide domains) and Drilling (red trace 2022/2023) - looking southwest Sampling Techniques and Assaying Summary RC drilling was sampled at 1m sample intervals with the sample passing through a cyclone mounted cone splitter to provide a 2-3kg sample and the spoil collected in large plastic bags. Initial RC samples were submitted as 4m composites comprising 4 equally sized scooped/speared sub-samples from the large plastic bags combined into single calico sample bag which was then submitted for assay. If an initial composite sample returned an assay >0.4% Ni, the constituent 1m calico samples were submitted for assay and the individual results replacing the composite assay data. Diamond core was sampled using 0.3m to 1.3m sample lengths with core halved and quartered using an Almonte core saw. The ¼ core was bagged into calico sample bags and submitted for assay. The remaining ¾ core was retained with ½ core submitted for metallurgical test work and remaining ¼ core retained for reference. Submitted RC and diamond samples weighed a nominal 2kg to 3kg, some weighing up to 5kg. On receipt by a commercial registered laboratory the samples were initially weighed as received, then dried in an oven at 105º C for up to 12 hours. Diamond core was initially crushed using a jaw crusher to <2 mm particle size. Crushed core and RC samples greater than 3 kg were 50:50 riffle split, and the excess discarded. The retained split was then placed in a LM5 mill and pulverised for 5 minutes to achieve an 85% passing 75 µm, with 1:50 checked to ensure a suitable grind sized is achieved. A 300g sub-sample was taken for analysis and the remainder retained. A range of base metal certified reference material (CRM) was inserted at a rate of 1:20 into the sample stream and blank samples introduced at a rate of 1:20 to test analytical accuracy and/or 8 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 ASX:WIN Widgie 3 Mineral Resource Update 15 January 2024 contamination. RC field duplicates were taken at a rate of 1:50 within visibly mineralised samples to test sample precision. Estimation Methodology Grade estimation included a combination of Ordinary Kriging (OK) of downhole composites within a traditional 3D block model and OK of accumulation composites within a 2D plane block model. The disseminated mineralisation was estimated with downhole composites in a 3D block model given these domains exhibit sufficient width to allow some internal selectivity across dip. Downhole composites of 1 m length were extracted for Ni, Cu, Co, As, MgO, S, Fe, Au, Pt, Pd and density. Exploratory data analysis (EDA) using a combination of methods including spatial location, histograms, log probability plots and Coefficient of Variation (CV’s) was conducted to determine the influence of extreme values. This influence was reduced by applying a combination of high-grade capping and/or distance based grade cutting. Variogram modelling was undertaken for the composited data for the main disseminated domain. Kriging Neighbourhood Analysis (KNA) and the domain width and orientation were used to determine the most appropriate block size. A rotated block model (toward 325° or -35° Surpac convention) with a parent block size of 10m(Y) × 5m(X) × 10m(Z) was used for grade estimation and a sub-blocked size of 1.25m(Y) x 0.3125m(X) x 1.25m(Z) for volume resolution. KNA was also used to determine other estimation parameters such as minimum and maximum samples, discretisation and search distance to be used during estimation. Grade attributes (including density) were estimated using OK for the main disseminated domain. A two-pass search strategy was used with the first pass criteria including a search radius varying from of 60m to 180m and minimum and maximum number of samples of 6 and 18 respectively. The second pass strategy used two times the primary search distance and the same minimum and maximum composites but for nickel this represented only 2% of the total estimate. The massive sulphide mineralisation is typically narrow with no across dip selectivity possible and therefore estimated by OK of accumulation variables within a 2D plane block model. Drill-hole samples were length and density weight composited across the whole mineralised interval creating a single composite per intersection. The intersection composite widths were measured based on an east-west projection plane orientation. A triple accumulation variable for each composite interval was calculated based on grade*width*density plus a double accumulation (width*density). EDA and Quantitative Kriging Neighbourhood Analysis (QKNA) was completed for the accumulation variables and minor grade caps were used to limit the influence of population outliers, especially in sparsely populated areas. Estimation by OK of the accumulation variables (triple and double) within a 2D plane block model based on 20m(Y) x 20m(Z) parent cells was completed with minimum and maximum number of samples required set as 4 and 7 respectively. A two-pass search strategy was used with the first pass criteria including a search radius varying from 90m to 175m with almost 100% of the nickel estimate completed in the first pass. The final block grade is back-calculated from the 2D kriged accumulation with the grades then projected into the final 3D block model. The minor disseminated domain and two of the minor massive sulphide domains did not contain sufficient sample data for OK estimation and were assigned the mean composite grade for each domain. 9 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 ASX:WIN Widgie 3 Mineral Resource Update 15 January 2024 Mineral Resource Classification The MRE has been classified as a combination of Indicated and Inferred based on a number of factors such as the confidence in geology, mineralogy, grade continuity, consideration of the quality of the sampling and assay data and confidence in the grade estimation. Indicated resources include areas where the drilling approximates 30m x 30m but does extend to 40m x 40m in some areas. This represents the majority of modelled massive or disseminated sulphide. Inferred resources include areas where the data density is consistently wider than a 30m x 30m spacing which is typically the deeper areas of the deposit. A 5m halo at the base of the existing pit surface and all material in the hangingwall position of the underground mine workings has also been classified as Inferred to account for any uncertainty in the current depletion volume definition. The Mineral Resource Classification massive and disseminated mineralisation is outlined below with the drilling intersections for reference. Figure 7: Widgie 3 Classification for the Massive/Matrix Sulphide Mineralisation with Drillhole Intersections – Long Section View looking West 10 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 ASX:WIN Widgie 3 Mineral Resource Update 15 January 2024 Figure 8: Widgie 3 Classification for the Disseminated Sulphide Mineralisation with Drillhole Intersections – Long Section View looking West Cut-off Grades and Reasonable Prospects of Eventual Economic Extraction (RPEEE) The disseminated sulphide mineralisation is based on a combination of logging and the presence of nickel typically greater than 0.5% Ni. The massive sulphide mineralisation is modelled within or coincident to the disseminated outline and is based on a combination of criteria such as logging, nickel typically greater than 1% Ni, sulphur typically greater than 3% sulphur or when the nickel and iron concentration is greater than 15%. The Widgie 3 MRE has been reported above a cut-off grade of 0.7% Ni for sulphide material only. This reporting cut-off grade assumes medium scale underground mining to exploit the sulphide mineralisation and is supported by a Mt Edwards Nickel Project Scoping Study being undertaken by Widgie Nickel. Mining and Metallurgical Factors The Mineral Resource mineralisation envelope uses a 0.5% Ni cut-off reflecting the on-set of sulphide nickel mineralisation on the likelihood that the mined ore will be processed using conventional sulphide concentration processes. Open pit mining at Widgie 3 occurred between 1988 to 1989 by WMC and produced 108,503t at 1.45% Ni for 1,575t of nickel. Underground mining was carried out between 1990 and 1991 producing 14,158t at 4.06% Ni for 575t of nickel. The sulphide ore from Widgie 3 was trucked and processed at the Kambalda Nickel Concentrator (KNC). This demonstrates the fresh rock ore at Widgie 3 can be successfully processed using conventional flotation. Only the fresh rock of 11 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 ASX:WIN Widgie 3 Mineral Resource Update 15 January 2024 the Widgie 3 nickel sulphide mineralisation has been reported in this MRE with all nickel oxide or transitional areas excluded. Other than the assumption that future mining will be by underground mining methods exclusively, no other mining and metallurgical factors or assumptions were used in compiling the updated MRE. Comparison to Previous Models The historic 2018 Widgie 3 MRE1 was previously reported above a 1% Ni cut-off for an Inferred Mineral Resource of 626kt @ 1.5% Ni for 9,160t of nickel. For comparison purposes the 2018 MRE includes 835kt @ 1.33% Ni for 11,130t of nickel when reported above a 0.7% Ni cut-off. Above a 0.7% Ni cut-off the updated January 2024 MRE reports 734kt @ 1.53% Ni for 11,200t of nickel as summarised in Table 5 below. The key differences between the 2018 and 2024 MRE’s above a 0.7% Ni cut-off is a 14% increase in nickel grade with a 32% decrease in arsenic grade for a similar amount of contained nickel metal. The entire 2018 MRE was classified as Inferred whereby the addition of infill drilling has brought 512kt @ 1.34% Ni for 6,880t of contained nickel into the Indicated Resource category. Table 5: Comparison of May 2018 to January 2024 MRE (0.7% Ni cut off) Model May-2018 Jan-2024 Actual Difference Relative Difference Classification Tonnes Indicated Inferred Total Indicated Inferred Total Indicated Inferred Total Total 835,093 835,093 511,882 222,024 733,907 511,882 -613,069 -101,186 -12% Ni Ni As (%) (t) (ppm) 1.33 1.33 1.34 1.95 1.53 1.34 0.62 0.19 14% 11,132 11,132 6,880 4,325 11,199 6,880 -6,807 68 1% 926 926 599 712 633 599 -213 -292 -32% A number of material factors have contributed to variance between the two models including: • • • • Detailed review and update of the overarching geological model and subsequent mineralisation interpretation. The updated interpretations are a significant improvement into the understanding and confidence in the final mineralisation model. Inclusion of a weathering model to differentiating sulphide mineralisation. Non-sulphide material is not included in this MRE however it was not previously distinguished and therefore included in the historic Mineral Resource. Updated porphyry volume model which post-dates mineralisation. The revised felsic porphyry model significantly improves the confidence in the orientation and extents of the barren porphyry which is believed to be a contributing factor to cessation of underground mining by WMC in 1992. Updated underground depletion model. Significant effort has been applied to spatially rectify the underground mine workings for depletion purposes but also for integration of underground mapping into the geology model. 12 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 ASX:WIN Widgie 3 Mineral Resource Update 15 January 2024 Next Steps for Widgie 3 This MRE update will inform the pending Scoping Study for am ulti-mine operation to support a standalone nickel concentrator. Additional drilling will be required to convert any areas of outstanding lower confidence Inferred material to indicated. This will allow for subsequent conversion of this material into a Mining Reserve upon confirmation of economic viability. Further drilling at depth below existing mineralisation represents an excellent high confidence target to add additional resources. Competent Persons Statements The information in this report that relates to the Mineral Resource for the Widgie 3 deposit was prepared by Mr Mark Zammit, who is a full-time employee of Cube Consulting Pty Ltd (Cube) and is a Member of the AIG. Mr Zammit has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity which is an undertaking 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 Zammit consents to the inclusion in this announcement of the matters based on his information in the form and context in which it appears. 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) and Australian Institute of Geoscientists (member no 4982). 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. Forward Looking Statements This announcement includes forward-looking statements that are only predictions and are subject to known and unknown risks, uncertainties, assumptions and other important factors, many of which are beyond the control of Widgie Nickel Limited, the directors and the Company’s management. Such forward-looking statements are not guarantees of future performance. Examples of forward-looking statements used in this announcement include use of the words ‘may’, ‘could’, ‘believes’, ’estimates’, ‘targets’, ’expects’, or ‘intend’ and other similar words that involve risks and uncertainties. These statements are based on an assessment of present economic and operating conditions, and on a number of assumptions regarding future events and actions that, as at the date of announcement, are expected to take place. Actual values, results, interpretations or events may be materially different to those expressed or implied in this announcement. Given these uncertainties, recipients are cautioned not to place reliance on forward-looking statements in the announcement as they speak only at the date of issue of this announcement. Subject to any continuing obligations under applicable law and the ASX Listing Rules, Widgie Nickel Limited does not undertake any obligation to update or revise any information or any of the forward-looking statements in this announcement or any changes in events, conditions or circumstances on which any such forward-looking statement is based. 13 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 ASX:WIN Widgie 3 Mineral Resource Update 15 January 2024 This announcement has been prepared by Widgie Nickel Limited. The document contains background Information about Widgie Nickel Limited current at the date of this announcement. The announcement is in summary form and does not purport to be all inclusive or complete. Recipients should conduct their own investigations and perform their own analysis in order to satisfy themselves as to the accuracy and completeness of the information, statements and opinions contained in this announcement. The announcement is for information purposes only. Neither this announcement nor the information contained in it constitutes an offer, invitation, solicitation or recommendation in relation to the purchase or sale of shares in any jurisdiction. The announcement may not be distributed in any jurisdiction except in accordance with the legal requirements applicable in such jurisdiction. Recipients should inform themselves of the restrictions that apply to their own jurisdiction as a failure to do so may result in a violation of securities laws in such jurisdiction. This announcement does not constitute investment advice and has been prepared without taking into account the recipient’s investment objectives, financial circumstances or particular needs and the opinions and recommendations in this announcement are not intended to represent recommendations of particular investments to particular persons. Recipients should seek professional advice when deciding if an investment is appropriate. All securities transactions involve risks, which include (among others) the risk of adverse or unanticipated market, financial or political developments. To the fullest extent of the law, Widgie Nickel Limited, its officers, employees, agents and advisers do not make any representation or warranty, express or implied, as to the currency, accuracy, reliability or completeness of any information, statements, opinion, estimates, forecasts or other representations contained in this announcement. No responsibility for any errors or omissions from the announcement arising out of negligence or otherwise is accepted. Compliance Statement The information in this report that relates to Exploration Results and previous MRE’s are extracted from the ASX Announcements listed in the Table 6 below, which are also available on the Company’s website www.widgienickel.com.au. Table 6: Previous ASX Disclosure Summary Announcement Date Announcement Title 25/06/2018 Mt Edwards Project Mineral Resource over 120,000 Nickel Tonnes (Neometals (NMT)) 01/11/2021 Widgie Maiden Drilling Pro