Significant grade upgrade at Widgie 3

Widgie Nickel Ltd (ASX: WIN) has released an updated MRE for the Widgie 3 nickel deposit in Western Australia.

Highlights

• Mineral Resource Estimate (MRE) now stands at 734Kt @ 1.53% Ni for 11,200 nickel tonnes.
• 70% of the MRE classified as Indicated for 6,880t of contained nickel. 2018 MRE1 was

classified as Inferred only.

• 14% increase in nickel grade with a significant 32% reduction in contained arsenic versus the 2018 MRE (above a cut-off of 0.7% Ni).
• 2024 MRE now includes Palladium + Platinum + Gold (3PGE). With Au (0.14g/t), Pt (0.19g/t) and Pd (0.45g/t) for 0.78g/t 3PGE (equating to 3,370oz Au, 4,550oz Pt and 10,520oz Pd).
• 2024 MRE contains 222kt of high-grade 1.95% Ni Inferred Resources at depth. Mineralisation remains open at depth with increasing grade potential.
• 63% of the 91,270t of nickel MRE at Widgie South Project Area is now classified as Indicated Resources.
• Total Mt Edwards Nickel Resource grows to 191,340t of contained nickel.

"The third of 6 resource revisions represents a resounding success with what was previously an inferred resource we now have 70% in the indicated category, this greatly improves our confidence as it feeds into the scoping study. Importantly we have also seen an improvement in nickel grade, a reduction in arsenic grade and inclusion of notable by-product credits," Managing Director and CEO, Steve Norregaard, said.

“This is a great outcome with ample opportunities to increase the resource clearly evident. Widgie 3 is now another high-quality resource in the company's portfolio, cementing the positive prospects for the upcoming scoping study.”

“Widgie’s unique assemblage of 12 resources in close proximity make for a wonderful opportunity to build a long life, high confidence, low risk mining operation in the medium term.”