Widgie Nickel Limited provided an update on its lithium exploration activities. Widgie has continued to review all available datasets demonstrating potential for lithium bearing pegmatites, following the lithium potential demonstrated at the recently discovered Faraday prospect. Initial review of drill data highlighted historical assay results of up to 14m @ 0.95% Li2O from 13m at the Voyager prospect on the southernmost drill line.

Whilst drilling 50m directly to the north failed to intersect pegmatite. Re-interpretation and confirmatory surface mapping suggests a different orientation which would suggest previous drilling at the Voyager prospect was ineffective. The Company now intends, upon completion of the current reverse circulation (RC) drilling at Faraday, to immediately conduct an initial eight (8) hole drill program to test the lithium potential at Voyager.

Following this, Widgie will look to expand drilling along strike and at depth. All data referred to and reported in this announcement relates to exploration for potential lithium bearing pegmatites conducted by Neometals Ltd. between May 2017 and August 2018. As part of an initial broad assessment at its Mt Edwards Project, mapping and surface sampling was conducted in 2017 at the Atomic 3 prospect located on Mining Lease M15/101, directly north (~300m) of the company`s 132N Nickel Mineral Resource.

Rock chip sampling of a series of sub-cropping pegmatite returned numerous assays containing elevated Lithium up to 3.40% Li2O associated with visible spodumene. A follow-up RC drilling programme was carried out in 2018 1. This drilling was only partially successful, with significant lithium bearing pegmatite intersected only on the southernmost drill line across the western most pegmatite (Voyager) with the drilling 50m directly to the north not intersecting the pegmatite. Best drill results from the Voyager pegmatite were: 4 metres at 1.27% Li2O from 43 metres in drillhole MERC030, and 14 metres at 0.95% Li2O from 13 metres, including 4 metres at 1.70% Li2O from 22 metres in drillhole MERC031.

Mapping and new 3D modelling of the pegmatite suggests that the drilling to date would have been ineffective in targeting the prospective spodumene bearing horizon due to the pegmatite striking NE-SW, dipping moderately to the west with the drilling missing the modelled pegmatite. Thus, based on Widgie's interpretation, the pegmatite remains untested in all directions. The Company intends, upon completion of the current reverse circulation (RC) drilling underway at Faraday, to carry out an initial eight (8) hole program at Voyager to test this new interpretation prior to testing along strike and at depth.

Work also continues to rapidly assess the potential of other known lithium occurrences within the extensive dataset, in conjunction with further mapping, reassessment of existing drill core and RC chips/pulps and ongoing surface sampling to identify new areas of interest.