GME Resources Ltd. announced the completion of the bulk sample collection and sonic drilling program at the NiWest Nickel Cobalt Project in Western Australia. NiWest is an advanced project with a large, high-grade laterite resource of 85.2 million tonnes grading 1.03% nickel and 0.065% cobalt containing 878kt of nickel and 55.4kt of cobalt. A Definitive Feasibility Study ("DFS") is underway and will include front end engineering and early constructor involvement.

The completion of the eight-week drilling program will form part of the DFS enhanced mine plan and the Company's battery metals offtake and partnership strategy. A bulk 10 tonne sample was produced through a successful costeaning program, with the extracted material awaiting transportation for metallurgical processing. The material will be subjected to the proposed NiWest process route at a pilot scale to produce battery-grade nickel and cobalt sulphate products for provision to potential offtake partners.

This includes Stellantis, which has entered into a non-binding Memorandum of Understanding for the future sale of quantities of battery-grade nickel and cobalt sulphate products from GME and other parties the Company is currently in advanced discussions with. The results of the sonic drilling will also seek to improve the resource confidence of several deposits at NiWest, particularly the Wanbanna deposit (Figure 1). Wanbanna hosts a resource containing 111kt of nickel and 7.2kt of cobalt and was not included in the 2018 NiWest Pre-Feasibility Study mine plan.

Inclusion of Wanbanna into the current DFS mine plan has potential to further enhance project economics and extended mine life.