Alliance Resources Limited announced that it has identified a priority nickel sulphide exploration target named Bonza Prospect at the Wilcherry Project, located in the southern Gawler Craton in South Australia. During 2021 Alliance completed a systematic review of its' exploration targets at the Wilcherry Project. Part of this process, which has been ongoing since 2017, is the re-analysis of historic drill sample pulps for gold and base metals. In 2008, Ironclad Mining drill tested an ~8 kilometre long high-magnetic anomaly located 18 kilometres to the west of the Weednanna Au-Fe deposit for magnetite and hematite iron mineralisation. 23 RC holes, totalling 3,412 metres, were drilled along four traverses covering 3.9 kilometres strike length of the high-magnetic anomaly. 1,150 samples were collected during the drilling program and analysed for an iron ore suite of elements using the XRF fusion technique, with assay results returning broad zones of low-grade iron mineralisation. Alliance has located 888 of the historic drill sample pulps, representing 2,578 metres of drilling, and re-analysed the samples at ALS commercial laboratory for Au using the fire assay technique and As, Ca, Cr, Cu, Fe, Mn, Ni, Pb, S, Sn, U, Zn using a portable XRF scanner. The pXRF scanner is a semi-quantitative technique with precision and accuracy in the order of 20%, depending on sample type, that is suitable as a cost effectively early-stage exploration tool to analyse for a variety of elements. Assay results have returned broad zones of > 0.1 % nickel anomalism listed in Table A including: 67m @ 0.18 % Ni from 135m in 08NMRC005 to end of hole incl. 15m @ 0.28 % Ni from 138m 87m @ 0.15 % Ni from 105m in 08NMRC013; 42m @ 0.34 % Ni from 106m in 08NMRC018 incl. 3m @ 1.12 % Ni from 112m; 15m @ 0.18 % Ni from 166m in 08NMRC018 to end of hole; 77m @ 0.14 % Ni from 123m in 08NMRC032 to end of hole The majority of the rocks that host this nickel mineralisation also contain elevated chromium, magnesium oxide and low silica common characteristics of ultramafic rocks. This geochemistry is distinct from skarn altered dolomite that occurs elsewhere in the Wilcherry project area, which alters to forsterite and serpentine and contains low Cr values. Preliminary geological logging of RC drill chips shows that the area is overlain by between 5 and 20 metres of transported cover. Weathering extends to greater that 100 metres depth on the western side of the prospect and nickel anomalism appears to be associated with steep-dipping ultramafic rocks that are bounded to the west by metasedimentary and granitic lithologies. The ultramafic rocks grade into mafic lithologies to the east and are the likely source of the high-magnetic anomaly as serpentine alteration of ultramafic rocks creates magnetite. All drill holes that intersected > 0.1 % Ni are coincident with the high-magnetic anomaly. The interpreted ultramafic rocks occur coincident with a 3km long gravity high anomaly that is displaced slightly to the east, suggesting a thickening in the ultramafic-mafic stratigraphy, with mafic rocks to the east. A 1,500m x 500m late time helicopter-borne electromagnetic conductive anomaly is also located within with the target area. This conductive anomaly may be associated with massive nickel sulphide mineralisation, deep weathering, or conductive metasediments. A ground moving loop EM survey is required to better define the geometry and intensity of this anomaly for targeted bedrock drill testing.