The drilling at Plato was designed to test three ground electromagnetic (EM) targets identified from the Company’s fixed loop EM (FLEM) surveys carried out over Plato South in August 2014.

Whilst detailed lo gging is still in progress and composite assay results are awaited, visual inspection of the drill chips has not identified significant nickel copper sulphides. T he current drill hole PLRC 0 12 was completed at 228 m at end of shift Monday 10 th November. Four of the six holes have been PVC cased in preparation for downhole EM to search off – hole , and two holes were unable to be cased due to hole collapse .

The next phase of s cout drilling of ground EM targets at Plato East, Oceanus and Highway will commence following additional field preparation at these targets and receipt and interpretation of the Plato assay data.