Mincor Resources NL reported further significant results from underground drilling targeting the recently discovered nickel surface in the highly prospective exploration zone between the Company's Long and Durkin North Operations at Kambalda in Western Australia (together, the "Northern Operations"). Drilling continues to expand and increase confidence in the LN04a surface, paving the way for an initial Mineral Resource Estimate (MRE) in July 2022, if not earlier with the timely delivery of assays. When Mincor first announced the discovery of the LN04a surface, the Company defined the initial spatial extents of the new surface of approximately 550m by 150m.

The latest round of drilling has provided additional confidence in the continuity of the mineralised surface within those extents, but with potential to grow beyond the original interpretation, with the surface remaining open along strike and, notably, up-dip. Recent drilling has also continued to reflect the high-grade massive sulphide intersections observed in the earlier rounds of drilling, resembling the typical Kambalda-type ore surface mined historically at Mincor's Northern Operations. A significant underground drilling program will continue at the Golden Mile over the remainder of CY2022.