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Metals X Ltd.

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Summary

Project:

Central Musgrave Project

Deposit:Wingellina
Location:Australia
Commodities:Nickel-Cobalt
Date:4/16/2020
Report Code:JORC
Report Type:Exploration/Drilling Update
Project Stage:Mine Development
Report details:16-4-2020: Metals X Ltd. announces an Exploration/Drilling Update report for its Wingellina deposit at the Central Musgrave Project project. Drilling results incl. 72m 1.32% Ni, 0.08% Co from 2m. Metals X Limited (Metals X or the Company) advises that it
Resources:
CP/QP:[Overall Report]: Simon Ribgy (Internal)
ABSTRACT:Metals X Limited (Metals X or the Company) advises that it has received all assay results from the recently completed infill Reverse Circulation (RC) drilling program at its 100%-owned Wingellina Nickel-Cobalt Project in Western Australia (Wingellina). The Wingellina Mineral Resource extends over almost ten kilometres within which the Company has delineated fifteen potential high-grade nickel-cobalt open pits which could be exploited during the first 7-10 years of operation (Starter Pits). These fifteen pits represent only a small portion of what is the largest undeveloped nickel-cobalt-scandium deposit in Australia. During 2017-2018 the Company completed infill drilling of the first six Starter Pits (Pits 1, 3, 4, 5, 8 & 14) which successfully confirmed the targeted high-grade nickel-cobalt domains1. The Company has recently completed infill RC drilling of an additional two defined Starter Pits (Pits 2 & 7) with further outstanding results being returned. The drilling program, which comprised 32 RC holes for 1,416m, encountered nickel-cobalt mineralisation occurring from, or near, surface with significant intersections including

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