Deep South ­ Surface exploration identifies multiple high-grade copper veins: Norwest's geologists have now identified seven (V1 to V7) distinct high-grade copper vein structures trending northwest across the Deep South area being exposed over a total distance of 2.5 kilometres. The high-grade copper veins are associated with near vertical dipping, laterally extensive, narrow shears zones striking NW-SE parallel to the main Bali Shear. The high-grade core of the shear zones comprises a chalcocite dense quartz vein breccia within intensely silicified and kaolinized host siltstones of the Ashburton Formation.

All rock chips have been assayed by Intertek laboratories in Perth with the assay results correlating well with the initial pXRF readings. V1 ­ 700m long, 7 x rock chip assays averaging 21.2% copper and 1.17g/t gold; V2 ­ 500m long, 5 x rock chip assays averaging 27.2% copper and 2.93g/t gold; V3 ­ 350m long, 3 x rock chip assays averaging 24.5% copper and 0.83g/t gold; V4 ­ 100m long, 2 x rock chip assays averaging 11.1% copper and 0.13g/t gold; V5 ­ 600m long, 6 x rock chip assays averaging 13.4% copper and 0.17g/t gold; V6 ­ 200m long, 6 x rock chip assays averaging 19.1% copper; V7 ­ 50m long, 1 x rock chip assays reading 25.1% copper. Geophysical and drill hole planning to test the strike and depth extensions of the new high-grade Deep South copper-gold veins is now underway.

The aim is to apply geophysical techniques to determine if the Deep South structures extend further along strike below the ground cover, extend down dip, and to identify further copper-gold veins from geophysical signatures produced by V1 to V7. Project Overview: Norwest holds 100% of the Bali Copper Project located in Western Australia, 75 kilometres west of Paraburdoo. The project covers 41km² with four prospects identified along the 8-kilometre northwest trending Bali shear zone.

The complex history of the Bali Shear combined with interaction of earlier structures has resulted in mineralisation within and adjacent to the Bali Shear3. Small-scale mining occurred in the project area during the 1950s and 1960s. The Bali Lo and Bali High prospects have had minimal drill testing in the 1980's with most holes being less than 30 metres deep.

Norwest drilled 33 RC holes for 3,900 metres between August and October being the first drilling since 1989. The company reported the preliminary pXRF results in October 2022 and announced the final laboratory assay results in December 2022.