Western Mines Group Ltd. updated shareholders on the commencement of the Company's Phase 2 diamond drilling program at the flagship Mulga Tank Ni-Cu-PGE Project, on the Minigwal Greenstone Belt, in Western Australia's Eastern Goldfields. Numerous exciting follow-up targets have been identified, along with two deep co-funded EIS holes, that will be tested with a minimum six-hole 4,000-5,000m diamond drilling program. The drilling is expected to take until the end of March-early April 2023 with a 3-4 week break over Christmas-New Year.

Further technical work, including mineralogical section analysis, has recently been completed on drill core from the first program. This work confirms the abundance of high-tenor disseminated pentlandite (up to 38% Ni recorded by Scanning Electron Microscope (SEM)) in samples from hole MTD020, with minimal pyrrhotite and pyrite observed. This supports the near identical nickel assay results by four acid versus aqua regia digest suggesting a high percentage of nickel in sulphide form versus silicate nickel.

This has very positive implications for the potential of an extensive working mineral system for Type 2 Mt Keith-style disseminated nickel sulphide mineralisation. The mineralogical section work also confirmed high-tenor pentlandite and millerite in the sulphide veining seen in holes MTD012, MTD013 and MTD016, supporting the conclusion that these are likely remobilised from a nearby massive sulphide source. Again offering positive implications for the potential for Type 1 Perseverance-style massive nickel sulphide mineralisation at the project.

WMG has designed a six-hole diamond drilling program, totalling 4,000-5,000m, to test a number of follow-up targets based on the results of the first drilling program and the Company's ongoing exploration targeting work. This program includes two deep exploration holes that will be drilled using WMG's successful Round 26 Exploration Incentive Scheme (EIS) grant of up to $220,000 towards 50% of the direct drilling costs.