NickelSearch Limited announced that a soil sampling program has been completed across high priority greenfields exploration targets, B1 and Serendipity, within the Company's Carlingup Nickel Sulphide Project near Ravensthorpe, Western Australia. The soil sampling program will be used in combination with historical drill hole nickel sulphide intercepts and magnetic surveys to plan the maiden drill program, scheduled to commence in H1 CY2023. A field crew of staff from XM Logistics conducted the systematic soil sampling program over the Serendipity and B1 areas.

The soil sampling program covers areas of strong magnetic response over the north-western end of the Cordingup Range trend and compliments historic nickel sulphide intercepts, including: RAVC0162: 6m at 1.0% Ni and 0.05% Co from 157m; and DDHB1010: 4.57m at 1.1% Ni and 0.06% Co from 193m. Only one historical RC drill hole has been drilled at Serendipity which failed to test the basal ultramafic contact. Given its size this target area is effectively untested.

Recent mapping has identified that the magnetic highs coincide with thick ultramafic units, and the presence of banded iron formations locally means that there is an available sulphur source. These are some of the main ingredients for the production of nickel sulphides. This program completes the soils coverage on 100% NickelSearch-owned tenements and extends onto those owned by Medallion Metals where NickelSearch hold the rights to nickel, cobalt and platinum group metals.

The samples have been dispatched to LabWest, with the results expected six to eight weeks from delivery. The results from these soils and the historic work will underpin maiden drill programs at B1 and Serendipity, in addition to high priority greenfields targets at Wadley, Lipple and John Ellis West.