ASX ANNOUNCEMENT

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6 April 2022

Drilling extends Bardwell Ni-Co Sulphide mineralisation to 1km of strike

Key Highlights

  • • Multiple significant intercepts at Bardwell Prospect have extended the drill tested strike to 1km including:

    • o DDED22-082 intersected 159.71m at 0.36% Ni and 0.013% Co starting from 206.31m including 83m at 0.44% Ni and 0.016% Co

    • o DDED22-080 intersected 95.61m at 0.28% Ni and 0.011% Co ending in mineralisation, starting from 425m

  • • Second drill hole for Olecranon, DDED22-079 intersected 205m at 0.27% Ni and 0.011% Co starting from 332.95m - results of remaining 84.5m of end of hole currently pending

  • • Metallurgical testing progressing regarding conventional beneficiation and final concentrate specifications

  • • Two zones of visible gold intersected at Bardwell in hole DDED22-087 at 125.9 and 140.7m

Figure 1: Plan view of Boomerang Target

ASX: ASO

Aston Minerals Limited (ASX: ASO,'Aston Minerals' or 'the Company') is pleased to provide an update on drilling results and exploration underway across the Bardwell and Olecranon Prospects within the Boomerang Nickel-Cobalt Target, Edleston Project, Canada.

Managing Director, Dale Ginn commented "Bardwell continues to deliver consistency of thick nickel-cobalt mineralisation. Drilling at present has tested ~1,000m strike at Bardwell and will continue to the north-east, south-west and at depth as mineralisation remains open along strike. 3.5km to the north-east of Bardwell at Olecranon we have received the results of approximately half the drill hole which further supports the scale of the mineralisation present within this target.

"What is particularly encouraging is the fact that every single hole across the entire Boomerang Target that has tested the intrusive unit has hit nickel-cobalt sulphide mineralisation. With the funding from our recently announced capital raising we have the capacity of drilling at a relatively broad spacing in order to define any additional high grade zones of mineralisation which will form the basis of further resource definition drilling.

"The Company eagerly awaiting the currently pending results of metallurgical testing of the mineralisation to understand the amenability of the mineralisation to conventional beneficiation and to provide a guide towards the final concentrate specifications.

"We look forward to providing further regular updates on the progress underway across Bardwell and other prospects within the Boomerang Target."

Bardwell Drilling

A total of 15 holes covering 1,000m of strike have been completed across Bardwell. Core processing and analytical results are presently pending for 5 of these holes.

Figure 2: Plan view of Bardwell & Bardwell North with interpreted geology, current drilling and planned drilling

Figure 3: Cross Sections of Bardwell- Looking North-East

Detailed geological logging of DDED22-085, 86, 86, and 88 has defined extensive nickel sulphide mineralisation. Key highlights include:

  • • DDED22-085: 6m of disseminated to blebby haezelwoodite-millerite nickel-cobalt sulphide mineralisation from 147m & 21m of interstitial to blebby haezelwoodite-millerite nickel-cobalt sulphide mineralisation from 256m

  • • DDED22-086: 84.6m of disseminated haezelwoodite-millerite nickel-cobalt sulphide mineralisation from 206.3m- Currently drilling and still within host unit

  • • DDED22-087: 41m of disseminated to blebby haezelwoodite-millerite nickel-cobalt sulphide mineralisation from 253m- Currently drilling and still within host unit

  • • DDED22-088: 88m of disseminated haezelwoodite-millerite nickel-cobalt sulphide mineralisation from 158m- Currently drilling and still within host unit

Figure 4: DDED22-085, Blebby heazlewoodite-millerite within pyroxenite at 150.24m

Figure 5: DDED22-085, Blebby heazlewoodite-millerite within pyroxenite at 151.34m

Figure 6: DDED22-085, disseminated heazlewoodite-millerite within pyroxenite at 270.4m

Figure 7: DDED22-087, visible gold in a smokey quartz-chlorite vein hosted within an andesite at 125.9m

Figure 8: DDED22-087, visible gold in a smokey quartz-chlorite vein hosted within an andesite at 140.7m

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Aston Minerals Ltd. published this content on 06 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 06 April 2022 00:21:07 UTC.