NickelX Limited announced the completion of a detailed infill auger drilling program at its Dalwallinu project, which is prospective for Julimar-style nickel-copper-PGE mineralisation and located approximately 200km north-east of Perth, WA. PLANNED EXPLORATION: The Dalwallinu project covers 86km2 of the underexplored Barra Barra Greenstone belt and the Company is using number of exploration techniques to vector in on prospective Ni-Cu-PGE targets. Overlaying the previously reported auger geochemistry data on new drone magnetic data highlights that the Barra Barra Greenstone Belt intrusive represents an apparent folded intrusive body horizon just outboard and bordering the main folded magnetic strata.

This may represent a sill-like body lying structurally below and folded with the magnetic strata. Based on this geological interpretation, four areas have been highlighted around this horizon with anomalous nickel, copper and PGE metal values in the auger geochemistry data. Results from these four areas include 73.7ppb Pt & Pd with a 5km +10ppb Pt & Pd north- south strike, and values to 466ppm Ni and 843ppm Cu.

These areas represent priority targets for follow-up exploration, as does investigation of the margins of the antiform folded magnetic body in the west of the project. Gyro Australia has been contracted to infill auger geochemical soil sampling over the four high priority areas identified on a 50m x 50m grid. Previous sampling was on a 100m x 200m grid.

The soil geochemical sampling will be followed up ground electromagnetic surveys to test for potential massive nickel-copper-PGE sulphides. The results of the infill geochemistry and EM will be targeted with a maiden drilling program once appropriate permitting is in place. DALWALLINU NICKEL COPPER PGE PROJECT: The Dalwallinu Nickel Project (E70/5398) covers 86km2 of the underexplored Barra Barra Greenstone belt in the emerging West Yilgarn, which is host to several recent Nickel-Copper-PGE discoveries including the world class Julimar Nickel-Copper-PGE discovery.

Recent geochemical and geophysical work programs evaluated by the Company have identified priority Nickel-Copper-PGE targets over a strike length of 6km with more detailed geochemical, geophysical and drilling work planned.