PRIORITY HELICOPTER EM TARGETS IDENTIFIED AT MORRISEY NICKEL-COPPER-PGE PROJECT

Southern Geoscience Consultants are pleased to report very encouraging preliminary XCITE results – AusQuest Limited (ASX:AQD – funded by SAA South32) – Morrisey Ni-Cu-PGE Project, Narryer Terrane WA.

Recently completed XCITE surveying has identified 3 new priority/discrete anomalies which are closely associated with magnetic source rocks (potential ultramafics) and anomalous soil geochemistry (Ni, Cu).

Modelling of the XCITE EM anomalies has been initiated and field reconnaissance over target areas, including detailed surface sampling, is planned to commence in August. Ground EM surveys to optimise drill sites will then be considered.

SGC Consultant Geophysicist Russell Mortimer is managing the ongoing follow-up geophysical efforts.