NickelX Limited has commenced exploration activities at the Dalwallinu Nickel Project, seeking Julimar style mineralisation in the emerging W Yilgarn following the completion of the Tenement Sale Agreement. Sensorem Pty Ltd. has been engaged by The Company and has commenced a low-level drone magnetometer survey of the entire project area at 50m line spacing. The magnetic survey will help constrain the magmatic stratigraphy of the target intrusive prospective for nickel-copper-PGE mineralisation.

It is anticipated that the results of the magnetic survey will be available by the end of November. Geochemical, geophysical and field work programs have been planned and are being organised covering the high priority D1 target and the priority D2-D12 targets over a strike length of 6km of the Barra Barra greenstone belt where mafic and ultramafic units have been identified. The Dalwallinu Nickel Project (E70/5398) covers 86km2 of the underexplored Barra Barra Greenstone belt in the emerging West Yilgarn Nickel-Copper-PGE Province, which is host to a number of recent Nickel-Copper-PGE discoveries including the world class Julimar Nickel- Copper-PGE deposit.

The Dalwallinu Nickel Project is located 208km NE of Perth and 1km off the Great Northern Highway, WA. Recent geochemical and geophysical work programs evaluated by the Company have identified approximately 12 priority Nickel-Copper-PGE targets over a strike length of 6km, with more detailed geochemical, geophysical and drilling work being organised. Evaluation of existing geochemical datasets has identified and prioritised the D1 Target as high priority, where previous surface samples returned highly anomalous assays including 362-674 ppm Ni, 201-349 ppm Cu and numerous +49 ppb Pd/Pt, and where the company is organising an infill soil sampling program.

Evaluation of existing geophysical datasets supports the high priority D1 Target where the geochemical anomaly is coincident with a strong magnetic feature identified from publicly available geophysical datasets, and where the company is undertaking a close spaced drone magnetic survey. The high priority D1 Target is 1 of 12 priority targets identified over a strike length of 6km of the Barra Barra greenstone belt and where mafic and ultramafic units have been identified, representing an exciting underexplored Nickel-Copper-PGE project. Field exploration and drill hole siting is also being organised at Dalwallinu, which sits on accessible private farmland, containing sealed road frontage, where native title is extinguished, only 208km NE of Perth and 1km off the Great Northern Highway, WA.