Mincor Resources NL announced the successful firing and extraction of the first production stope at the Company's 100%-owned Cassini Nickel Mine in Western Australia. Stope extraction (`bogging') has now been completed for the first stope of the 2005 Level (at Cassini), with the mining cycle now moving onto adjacent stopes. The successful completion of the first Cassini stope is an exciting milestone event for the Company, with Mincor having now taken the project from initial geological discovery right through to production stoping.

Cassini is one of very few greenfield nickel discoveries in the Kambalda district in recent years. The commencement of stoping at Cassini is also a significant step in the operational ramp-up of Mincor's Kambalda Nickel Operations, with both mines (Cassini and Northern Operations) continuing to make steady progress towards achieving full-scale production, forecast to accelerate over the second half of fiscal year 2023.