Enegex Limited announce that a mapping, sampling and reconnaissance exploration campaign has been completed over its East Kimberley Hart Project located along the eastern margin of the Kimberley Basin, Western Australia. The Hart Project area is considered highly prospective for magmatic Nickel-Copper-Platinum Group Element (Ni-Cu-PGE) and Vanadium-Titanium (V-Ti) deposits with the area hosting a large unexplored, layered mafic intrusive complex. The Hart Project consists of 2 contiguous tenements that cover an area of 724km2.

The northern tenement (E80/5354) was granted in November 2020 and the southern tenement (E80/5355) is under application. The project is located 12km to the south west of the King River Resources, Speewah Project, 322 million tonne V-Ti-Fe resource. The resource is hosted by a gabbro horizon containing disseminated magnetite within the Hart Dolerite layered intrusive suite of rocks.

This same suite of rocks occurs throughout the Enegex tenements. Historical work in the Enegex Hart Project area focused on gold and diamond exploration and the project area is unexplored for magmatic Ni-Cu-PGE and V-Ti styles of mineralisation. Previous sampling was restricted to early-stage stream sediment, soil and rock chip sampling and no drilling has been completed in the tenement area.

Desktop Prospectivity Analysis A desktop prospectivity review of the Hart project area was completed by Dr. Karin Orth, with results from the review forming the foundation for the 2022 field reconnaissance and sampling exploration campaign across the area. Dr. Orth's resulting new geological interpretation of the area integrated historical geochemical and geophysical data with Enegex's newly acquired Worldview-3 high resolution imagery providing a framework and strategy to assess the tenements prospectivity. The Worldview-3 imagery has provided constraints from shortwave infra-red (SWIR) bands to identify areas with clay, propylitic, silica and iron related alteration to assist target generation.

Six exploration target areas generated from Dr. Orth's review were the focus of the field program.