Norwest Minerals Limited announced the identification of a large, drill-ready, copper-gold anomaly from the ongoing analysis of its 6,550 multi- element soil sample program at its Arunta West Project. The 3km x 1.5km copper-gold anomaly with associated iron-oxide-copper-gold elements, is defined by close spaced 200m x 100m infill soil samples collected in 2021 and is ready for drill testing. Of interest is a regional geological structure extending northwest from the Arcee gold prospect through Norwest's new copper-gold anomaly and into the surrounding IGO and Rio tenements.

Norwest Minerals independent consulting geochemist has identified a 3km x 1.5km copper anomaly with an internal 2.5km x 0.5km gold anomaly. The new copper-gold anomaly is associated with a suite of elevated elements related to iron-oxide-copper-gold systems. The copper-gold anomaly is located on a regional structure which extends northwest through IGO's tenement E80/5001 & the Tali- RIO farm-in tenement E80/5423 and to the southeast through the Arcee gold prospect located on the WA-NT boarder 6kms from the new copper-gold anomaly. The Arunta West project area has had no systematic geochemical exploration prior to Norwest's first pass 3000-point regional soil program completed in 2019.

This work applied conventional soil sampling techniques and analysed 33 elements. In 2021, the data was reviewed by Norwest's consulting geochemist. Infill and regional soil sampling grids were designed and 6,550 soil samples were collected in mid-2021 using the fine fraction sampling and preparation method.

The samples were analysed for 48 elements including ultra-low detection for gold with the final lab assay results reported to Norwest in early 2022. Ultra-low gold assays from fine-fraction soil samples have proven very successful in identifying anomalous gold targets in the Arunta region including the Arcee gold prospect located 6kms southeast of Norwest's new copper-gold anomaly. Reverse circulation drilling at Arcee in 2019 returned 12m @ 3.5g/t from 112m from the northwest trending 800m long gold anomaly defined by 2ppb gold results4.

Subsequent soil sampling on a 200m x 400m grid has extended the Arcee gold anomaly from 800m to 2.3km5 with the anomaly crossing onto IGO's 100% held WA tenement E80/5001. This tenement surrounds Norwest tenement E80/4820 where the new copper-gold anomaly is located. Interest in the mineral resource potential of the Arunta region has significantly increased recently with Rio Tinto entering into a staged multi-million dollar farm-in and joint venture agreement in five tenements held by Tali Resources6.

Rio-Tali tenement E80/5333 shares ~50kms of boundaries with the Norwest's Arunta West project tenements. Adjoining the easternmost Arunta West tenements is ground held by the IGO Limited which covers ~15,600km² extending over 300kms from the WA border into the Northern Territory. IGO exploration has identified multiple gold, gold-copper-lead-zinc and nickel-cobalt prospects along the Arunta belt.