NIS to focus exploration on their Mt Isa North Copper & Uranium project

Company name: NICKELSEARCH LTD

Code: NIS.ASX

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Capital raise proceeds will place NickelSearch in a?strong position for focus exploration on the Mt Isa North Copper & Uranium project,?this includes undertaking infill and extensional RC drilling to verify the historical estimate. This exploration work is intended to be funded from this current raising and commenced when drilling approvals are received. The company has noted?immediate near term newsflow?aiming to commence drilling early Q4 CY24.

Other factual information provided by the company has been summarised below:

• The Opportunity?is immediate near term?newsflow aiming to commence drilling in early Q4-CY24. As noted by the company in their recent presentation, the opportunity presents a significant ready to go exploration opportunity. Which includes drill ready copper and uranium targets & near-term resource potential, along with diversified combined asset base with strategic landholdings in both Qld & WA next to established mining & processing hubs

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• The Mt Isa Project?hosts?multiple high-grade,?historical copper mines and prospects:

• Surprise Mine:?high grade, structurally controlled copper. 1970’s drilling returned:

??23.77m @ 4.67% Cu?from 51m incl.?12.80m @ 7.77% Cu?(SH30) ??3.66m @ 9.53% Cu?from 22m (SH37)

• Julius Prospect:?undrilled high-grade Cu-Au structure with rock chips grading up to?39.5% Cu?+?1.62g/t Au?(CMRK003)
• Gunpowder Creek Prospect:?undrilled high-grade Cu-Au structure with rock chips grading up to?7.32% Cu?+?0.65g/t Au?(CMRK001)

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• Underexplored uranium province?with significant scale potential:

• Surrounding Paladin Energy’s?Valhalla Project (148.3Mlbs @ 680 ppm U3O8)2?which is Australia’s 3rd largest uranium resource
• Strong prospect pipeline identified from recent review underpinned by?high-grade rock chips (up to 2.86% U3O8)?& historical drilling?68m @ 472ppm U3O8?from 8m (QGRC033),?8m @ 1,115 ppm U3O8?from 0m (QGRC079) &?4m @ 2,225 ppm U3O8 from 19m?(DQRC013)

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• Executive Chair – Mr. Mark Connelly?+30 years in mining, experienced listed-company Chair and brings a wealth of leadership experience in the resources industry. Mr Connelly has an outstanding track record of shareholder value growth and realisation, particularly over the last decade. He has direct operational and capital markets experience in various jurisdictions, including Australia, North America, South America, Africa, and Europe

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• NICKELSEARCH LIMITED?boasts a highly experienced?Board?and?Management?Team, with extensive hands-on operational experience in financing, minerals exploration, mining and commercial project development in Australia and around the world.? ?

About the company

NICKELSEARCH LIMITED?(NIS)?is an ASX Listed explorer,?exploring for world class copper & uranium deposits in the prolific Mt Isa Region. NickelSearch (NIS) is a diversified multi-commodity explorer with two strategic hubs located adjacent to established mine and process infrastructure.

The Company is acquiring the highly prospective?Mt Isa Copper and Uranium portfolio of tenements with exploration expected to commence shortly after acquisition.

The Carlingup Nickel and Lithium Project?in Western Australia is located ~10km from Arcadium Lithium’s Mt Cattlin Mine, with multiple targets for assessment as commodity prices improve.

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DISCLAIMER: ‘The information does not constitute personal financial advice. Consult your adviser or broker prior to making any investment decision.

For further information about this company, email – [email protected]