TG Metals Limited announced the results of a desktop study on past drilling of the nickel laterite deposits at the Bremer Range prospect . Consultants HGMC have defined an Exploration Target (Table A) from examining past drilling and interpreting untested areas of the ultramafic sequences in the Bremer Range prospect for potential nickel laterite mineralisation. The potential quantity and grade of the Exploration Target is conceptual in nature, there has been insufficient exploration to estimate a Mineral Resource and it is uncertain if further exploration will result in the estimation of a Mineral Resource.

The Exploration Target was derived from actual past drilling which is of variable quality and deficient in some analysis for deleterious elements and the compositing of sample data is not conducive to determining a Mineral Resource of sufficient accuracy. Past drilling did however define five (5) zones of nickel laterite mineralisation. These zones were modelled within defined grade envelopes and aggregated to determine the total Exploration Target ranges as per Table A above.

In its assessment of the nickel-cobalt oxide deposits at Bremer Range, the Company will preferentially be considering third-party processing options as a low capital startup. As an example, Bremer Range is located approximately 130km by road from the Ravensthorpe Nickel Operations (RNO) high pressure acid leach (HPAL) and atmospheric leach (AL) Plant. Should sufficient grades and ore types be defined at Bremer Range, there may be potential to provide supplementary feed to a HPAL/AL Plant.

Pre-processing up-grade beneficiation is an important consideration for low grade deposits and is of particular importance when considering a supply to a processing flowsheet which depends on beneficiation for economic viability. Previous operators of the Bremer Range prospect have conducted dry beneficiation tests on the mineralisation and concluded that upgrade in the order of 50% is possible. However, there is little data on the test methods performed and key parameters such as rejection, sizing and no indication of wet beneficiation upgrade.

The company will conduct beneficiation testwork on new drill samples in order to determine these crucial parameters, targeting a wet beneficiated head grade of +1.4% Ni.