NickelSearch Limited advise that drilling has commenced, testing high priority geochemical and geophysical targets at the Company's Carlingup Nickel Sulphide Project near Ravensthorpe, Western Australia. This Reverse Circulation (RC) program will be focussed on three high priority target areas at Javelin, Sexton and RAV8 South and has been planned so that any visual encouragement can be followed up quickly. The 1,500m RC drilling program will start by drilling directly into the very high conductive EM plate at Javelin, with an additional three holes testing extensions to mineralisation along strike.

Drilling not completed before the Christmas break will resume in early January 2023. The Sexton Prospect has four holes planned to test the coincident geophysical and geochemical anomaly as well as confirming historical hole RVD015 that intercepted 2m @ 1.2% Ni and 0.17% Cu from 98m. Drilling at RAV8 South will test two overlapping EM plates to better understand how they line up with the lithological trend.

Historical exploration work in the area identified one plate using moving-loop electromagnetics, and the airborne electromagnetics XciteTM survey conducted by the Company earlier this year defined the other. The EM plates do not align exactly with the predicted plunge of the local geology and therefore are unlikely to be sulphidic sediments at a contact. Selected holes will be set up for DHEM when a geophysical crew becomes available in early 2023.

The Company has engaged Strike Drilling to provide an RC rig utilising their EnviroPod to test whether it can further reduce the footprint of RC drilling. The EnviroPod is a completely self-contained drill sump for the outside return and the sample cyclone.