Nickel X Limited announced the Company has contracted Wireline Services Group to undertake a Moving Loop Electromagnetic Survey (MLEM) on a 200m X 200m loop with 100m stations over 4 High priority Nickel-Copper-PGE targets at the Dalwallinu project in the West Yilgarn, WA. The MLEM crew will commence during the March Quarter with results due soon thereafter in conjunction with the recently completed Auger Drilling soil sampling results, to further refine drill targets. Based on the Company's geological interpretation, four areas have been highlighted around a prospective horizon with anomalous nickel, copper and PGE metal values in the auger geochemistry data.

Previous surface geochemistry sampling 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, and have recently been infilled for auger geochemistry on a 50m x 50m grid. Assay results from the infill program are pending.

The soil geochemical sampling will now be followed up by a ground electromagnetic survey to test for potential massive nickel-copper-PGE sulphides. Wireline Services Group have been contracted to complete a 200m x 200m loop MLEM survey over the four target areas, for approximately 170 stations on 9 lines spaced 200m to 400m apart and oriented east-west. There is planned contingency of a further approximately 160 stations to infill on lines 200m apart between the first pass lines should results of the survey identify conductivity anomalies that warrant follow-up based on preliminary field data observation.

It is anticipated that the surface MLEM survey will commence during the March Quarter, once Wireline Services Group have mobilised to site. 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. 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. The results of the infill geochemistry and EM will be targeted with a maiden drilling program once appropriate permitting is in place.