Rubix Resources Limited advise the interpreted results from a SkyTEM FAST airborne electromagnetic (AEM) survey completed over its 100% owned Lake Johnston Project ("Project"). The Project has an area of 63km 2 and is located approximately 105km west of Norseman, adjacent to the Archaean Lake Johnston greenstone belt and covering a portion of the Jimberlana Dyke. The Emily Ann and Maggie Hays nickel mines, held by Poseidon Nickel Limited
lie to the west of the Project. Recently completed interpretation of the AEM survey has delineated several encouraging anomalies located on and proximal to the margins of the Jimberlana Dyke. Three of these anomalies are deemed
priority for investigating the potential for sulphide conductors related to layered intrusions occurring within the Jimberlana Dyke. The Jimberlana Dyke is an intrusive body which has a maximum width of 3km crosscuts the Archaean
greenstone belts and granites of the Yilgarn Craton. The dyke is orientated east-west which is parallel to the other major Proterozoic dyke swarms which cut the Yilgarn craton such as the Binneringie Dyke, however it can be considered unique as is contains layered mafic complexes. The complexes have been divided vertically into three distinct successions of layered rocks termed the Upper, Lower and Marginal Layered Series, and can be considered analogous to the Great Dyke of Zimbabwe which contains accumulations of massive base metals and is the world's third-largest resource of PGEs, ranking only behind the Bushveld Complex in South Africa and Norilsk in Russia.