Omnia Metals : Amended- Geophysics Contractor Secured for Ord Basin Project

ASX RELEASE | 25 MAY 2022 | ASX:OM1

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Amended - Geophysics Contractor Secured for Ord

Basin Project

HIGHLIGHTS

• XCalibur Multiphysics engaged to complete an extensive gravity survey over the Negri Fault corridor.
• The gravity survey will target intrusive bodies for follow up electromagnetic surveys and drill testing.
• Recent field trip identified mafic intrusive rocks, interpreted to be prospective for nickel sulphide ore bodies and further outcropping copper mineralisation.
• Omnia continues to engage the traditional landowners and various stakeholders in preparation for aggressive exploration in 2H-2022.

Omnia Metals Group Ltd ("Omnia" or "Company") is pleased to provide an update on activities at its 100% owned Ord Basin Project (the "Project"), located 140km south of Kununurra. XCalibur Multiphysics ("XCalibur") have been engaged to complete a 2,316-line kilometre aerial gravity survey over the Negri Fault corridor with survey works expected to begin early-July. Further mapping and sampling during a recently completed field trip has identified mafic intrusive rock types, interpreted to be prospective for nickel sulphide ore bodies, and further areas of outcropping copper mineralisation.

XCalibur will complete an airborne gravity survey using the FalconPlus Airborne Gravity Gradiometer (AGG) survey system. High-resolution FalconPlus AGG gravity data will map the extents of targeted intrusive bodies in addition to providing information on the structural and lithological framework of the project area. The survey will consist of 2,316-line kilometres to be flown on 400m traverse spacing, along a 090˚-270˚(E-W) traverse line direction (Figure 1). The gravity survey will be the first of its kind to have been flown over the Ord Basin Project and will be used to target follow-up electromagnetic surveys and diamond drilling.

Additional, helicopter assisted, reconnaissance sampling was conducted during a recent site visit with mafic intrusive rocks mapped at multiple locations through The Junction exploration area and further surficial copper mineralisation observed in the Caves region (Figure 2).

Omnia Metals' Executive Director, James Warren, commented:

"We have developed an exploration strategy that will give us the best chance of success in the shortest possible timeframe. This involves utilising high-quality, direct geophysical survey techniques to identify targets which will be followed up with drilling.

"With every site trip our confidence in the prospectivity of the project increases and we look forward to being able to generate and test genuine greenfields targets in the upcoming exploration programs.

"Our objective is to explore for Tier-1 orebodies and the initial reconnaissance and targeting work suggests the Negri Fault corridor has the right structural and tectonic ingredients to host major nickel sulphide and stratigraphic copper systems. This is a new frontier in exploration, and we will use the most modern techniques to unlock the potential of the Ord Basin Project."

OMNIA METALS GROUP LTD	ACN: 648 187 651
22 Townshend Road, SUBIACO, WA, AUSTRALIA, 6008	www.omniametals.com.au

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Figure 1: Ord Basin Project Exploration Targets

OMNIA METALS GROUP LTD	ACN: 648 187 651
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22 Townshend Road, SUBIACO, WA, AUSTRALIA, 6008	www.omniametals.com.au

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Figure 2: Clockwise from top - Omnia Chairman Mark Connelly and Executive Director James Warren onsite at the Ord Basin Project, Outcropping copper-richiron-oxide, malachite gossan found along the Negri Fault corridor, Outcropping doleritic rocks observed at key targets within the Junction area.

OMNIA METALS GROUP LTD	ACN: 648 187 651
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22 Townshend Road, SUBIACO, WA, AUSTRALIA, 6008	www.omniametals.com.au

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Samples were taken from numerous locations within the Ord Basin Project area as outlined in Table

1. At the broader Caves area surficial copper mineralisation was observed as disseminated malachite stained basaltic rocks with up to 40% malachite abundance. Minor gossanoues material was observed with abundant massive iron-sulfides (up tp 80%), malachite (15%) and minor azurite (<5%).

The three most crucial factors for the formation of large and super-large magmatic sulfide deposits are: (1) a large volume of mantle-derivedmafic-ultramafic magmas that participated in the formation of the deposits; (2) fractional crystallization and crustal contamination, particularly the input of sulfur from crustal rocks, resulting in sulfide immiscibility and segregation; and (3) the timing of sulfide concentration in the intrusion. The super-large magmatic Ni-Cu sulphide deposits around the world have been found in small mafic-ultramafic intrusions. Studies in the past decade indicated that the intrusions hosting large and super-large magmatic sulfide deposits occur in magma conduits, focussed along deep regional faults that provide a perfect environment for extensive concentration of sulphide melts (Song et al. 2011).

The identification of mantle derived mafic-ultramafic rocks in the Junction project area highlights the Negri Fault corridor as a major, mantle tapping structure and a potential magma conduit for the formation of Ni-Cu-(PGE) sulphide mineral systems. Leucrocratic gabbro rock types were mapped at surface with the mineralogy dominated by clinopyroxene and plagioclase, primary and secondary quartz and potassium feldspar, with lesser ilmenite, titanomagnetite. These rock types are considered to indicate a mntle derived other tholeiitic mafic-ultramafic intrusion hosted deposits globally (Glass. 2002). In Addition, further investigation of AusEM electromagnetic data over the Junction district shows a zone of structural complexity with a number of large conductive EM anomalies from 50 - 450m depth (Figure 3). Inflections in the AusEM profiles highlight structures which are coincident with mapped mafic-ultramafic rocks at surface. Detailed gravity and EM data acquisition is required to better understand these anomalies which will be targeted in upcoming drill programs.

Table 1: Location of Rock Chip Samples.
Sample_ID	Easting	Northing		Comments
OM6789	526808		8062581	Caves - malachite (~20%)
				stained vesicular basalt
OM6790	526815		8062597	Caves - malachite (~35%)
				stained vesicular basalt
OM6791	526665		8062609	Caves - malachite (~15%)
				stained vesicular basalt
OM6792	526639		8062635	Caves - malachite (~40%)
				stained vesicular basalt
OM6793	492443		8095780	Mt Elder - Iron-stained felsic
				volcaniclastics
OM6794	483785		8104906	T Junction - Goethitic iron
				caprock with minor malachite
				(5%)
OM6795	483753		8104946	T Junction - Goethitic iron
				caprock with minor malachite
				(5%)

OMNIA METALS GROUP LTD	ACN: 648 187 651
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22 Townshend Road, SUBIACO, WA, AUSTRALIA, 6008	www.omniametals.com.au

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OM6796	483764	8104970	T Junction - Goethitic iron
			caprock with minor malachite
			(5%)
OM6797	483799	8104994	T Junction - Goethitic iron
			caprock with minor malachite
			(5%)
OM6798	476123	8118178	Junction North -Leucrocratic
			Gabbro
OM6799	476215	8118234	Junction North -Leucrocratic
			Gabbro
OM6800	476197	8118237	Junction North -Leucrocratic
			Gabbro
OM6807	493745	8095728	Mt Elder - Iron rich felsic
			volcaniclastics
OM6808	480339	8112472	Junction South - Leucrocratic
			gabbro
OM6809	480321	8112457	Junction South - Leucrocratic
			gabbro
OM6810	480305	8112443	Junction South - Leucrocratic
			gabbro
OM6811	480384	8112452	Junction South - Leucrocratic
			gabbro
OM6812	480411	8112437	Junction South - Leucrocratic
			gabbro
OM6813	476026	8118765	Junction North -Leucrocratic
			Gabbro

In relation to the disclosure of visual mineralisation the Company cautions that visual estimates of sulphide and oxide material abundance should never be considered a proxy or substitute for laboratory analysis. Laboratory assay results are required to determine the widths and the grade of visual mineralisation reported in preliminary geological logging. The Company will update the market when laboratory analytical results become available.

OMNIA METALS GROUP LTD	ACN: 648 187 651
		Page 5 of 12
22 Townshend Road, SUBIACO, WA, AUSTRALIA, 6008	www.omniametals.com.au