Carlingup Project

OVERVIEW

The Carlingup project is comprised of eight Mining Licenses and seven Exploration Licenses covering an area of approximately 108km2 in the Ravensthorpe Greenstone Belt.

The area is a highly prospective geological setting for both nickel sulphides and lithium, with established mining operations and infrastructure nearby.

NickelSearch has continued advancing exploration for nickel sulphides via a methodical, targeted approach to gain further understanding of the geological potential and based upon the results delivered, the Company believes there is considerable value yet to be discovered within the tenement package.

LOCATED IN THE BATTERY BELT

The Company’s Carlingup project is located along the Western Australia battery belt, a highly prospective geological setting for nickel sulphides, lithium and base metals.

The Carlingup tenements are situated within the ‘Goldilocks Zone’, known for hosting Lithium-Caesium-Tantalum (LCT) pegmatites.

The project hosts ultramafic rocks, favourable for komatiitic nickel sulphide deposits.

Surrounded by nearby established nickel and lithium mining infrastructure, including IGO’s Forrestania Nickel Mining Complex, 10km from Allkem’s Mt Cattlin Lithium Mining Complex.

The Company’s immediate objective is to increase the current Inferred resources through a combination of:

• Brownfields exploration at RAV1, RAV4, RAV4 West and RAV5; together with
• Greenfields exploration across the Carlingup Project

Whilst there can be no assurances that exploration activities will result in an increase in mineral resources, the Company is optimistic, based on the historical drilling results at the brownfield targets and the general exploration prospectivity of the Carlingup Project, that this objective can be achieved.

RAV-8 SOUTH PROSPECT

• Historic high grade nickel production at RAV-8 of 16.1kt Ni at 3.45% incl. 9.6kt Ni at 5.83% 
• JORC 2012 Resource of 4.2Mt @ 0.73% Ni for 30.3kt Ni
• Shoot 1 at RAV8 turns to the south, so testing is warranted down-plunge in that direction
• The area could not be previously tested as it was covered in water (evaporation pond)
• Diamond drilling to allow better understanding of the structure

PROSPECTIVITY FOR LITHIUM

• Technical collaboration with Allkem Limited (ASX:AKE), owner and operator of the Mt Cattlin lithium mine, 10km from the Carlingup Nickel Project
• Mt Cattlin lithium operations produced 131kt of spodumene concentrate in FY2023
• Visual spodumene identified from pegmatite grab samples from quarry, sent for priority assays
• Stream sediment and soil sampling to continue over broader Carlingup Project area