Pantoro Limited advise of strong PGE, nickel and coblat assays received from drilling undertaken approximately three kilometres north of existing results on the Lamboo ultramafic basal contact, at the Halls Creek Project (PNR 100%). The new drilling results include nickel and cobalt assays approximately three kilometres north of previous drilling on the West Limb of the Lamboo ultramafic basic contact and include: 30 m @ 1.03 g/t Pt +Pd +Au (3E); 0.54% Ni and 0.033% Co from 3 m. Results confirm a strong correlation between PGE and Ni + Co mineralisation. The correlation between PGE and Ni + Co has been noted in previous holes where these metals have been assayed for. The northern drill section located on the same mining lease as the Wagtail underground mine was targeted following initial field inspections which confirmed host geology and ease of access for the short program in December. Step out drilling has been undertaken a further 200 metres south of the new result with assays pending. Additional
extensional drilling in the southern zones of the system was also completed during December 2021 with results pending. Initial on ground reconnaissance fieldwork is underway to map and sample the outcropping components of the system ahead of drilling in the upcoming field season. The Nicolsons tenements contain approximately 20 kilometres of the prospective basal contact, with only a small proportion evaluated by drilling to date.