Toro Energy Limited provided an update for the Company's 100% owned Dusty Nickel Project (`the Project') located in the Yandal Greenstone Belt, some 50km east of the world class Mt Keith Nickel Deposit. The Dusty Nickel Project is located within the same tenure as the Yandal Gold Project but excluding the northern target area, Golden Ways. The Project currently consists of two main target areas, Dusty in the north and Yandal One in the south. The Dusty Target Area is focused on an elongate N-S trending magnetic anomaly shown by current drilling to be a komatiite or similar ultramafic intrusive rock and interpreted by magnetic geophysics to have a total strike length of at least 7.5km. This target rock is known by the Company as the Dusty Komatiite. At the southern end of the Dusty Komatiite, adjacent to the east, is another similar elongate N-S trending magnetic anomaly with a strike length of approximately 2.5km that may also be komatiite-ultramafic but is yet to be tested by drilling. The Dusty Target Area includes the recently discovered massive and semi-massive nickel sulphide accumulations at Dusty 1 and Dusty 2 respectively, some 400m apart, along the northern end of the Dusty Komatiite. The Yandal One Target Area is focused on a large body of folded komatiite-ultramafic rock confirmed via RC drilling by Toro in 2016 and interpreted from magnetics to have a folded strike length of some 8km. 18 RC drill holes for 3,537m were drilled into the Yandal One komatiite-ultramafic in late 2016 with the aim of identifying komatiite beneath nickel laterite intersected in historical aircore drilling and then assessing for large disseminated sulphide deposits such as Mt Keith, situated some 50km to the west. Whilst the Mt Keith deposit's prospectivity was downgraded by the results of the drilling, Toro concluded that the area was still prospective for massive nickel sulphide mineralisation. There has been no other drilling at the Yandal One Target Area since Toro's 2016 RC drilling program. All current drilling has been concentrated at the Dusty Target Area after aircore drilling in 2018 identified potential komatiite-ultramafic geochemistry with a possible nickel sulphide signature beneath approximately 100m of paleochannel. The first hole drilled to test the geochemical anomaly in the basement, RC hole TERC13, intersected nickel sulphides in late 2019. The first diamond hole drilled into the Dusty Komatiite, TED03 in 2020, designed to twin TERC 13 to better understand the nature of the mineralisation and geology, resulted in the confirmation of 0.15m of massive nickel sulphide grading 1.86% nickel from 177.5m downhole. TED03 is the northern most hole drilled to date into what is now the Dusty 1 massive nickel sulphide discovery.