Update on Phase 3 RC drill holes at Mulga Tank Project

Western Mines Group Ltd (WMG) (ASX:WMG) has received geochemical assay results for Phase 3 RC holes MTRC047 to MTRC050 at the Mulga Tank Project, demonstrating broad zones of nickel sulphide mineralisation. The holes, drilled in a new area in the southern part of the main body of the Mulga Tank Complex, extend nickel sulphide mineralisation outside of previously known and tested zones within the Complex.

Executive Commentary on Phase 3 Assay Results

We've stepped out further to the south with these Phase 3 holes, in some cases up to 400m from our previous drilling. This is well outside the area modelled in our JORC Exploration Target which was based on the Phase 1 program but we are still seeing nickel sulphide mineralisation and the system just keeps getting bigger. The holes show good intervals of sulphide mineralisation with sulphur and associated chalcophile element results (Cu and PGE's) and some intersections of higher grade results which may provide vectors to further pods or zones of richer material. Some intervals perhaps aren't quite as strong as those in the core of the Complex and that also provides great information about the system. We've already found more than enough tonnes of mineralisation around the Complex so the goals of this step out drilling are really to find the limits of mineralisation (which we haven't yet in this direction) and to be able to find and differentiate areas of weaker and stronger mineralisation - so we then know which areas to be selective about and focus resource definition. We're continuously learning more about the Mulga Tank Complex, as these results and recent results from previous hole MTRC046 highlight. This information feeds back into our geological modelling and ongoing exploration targeting work.

Summary of Phase 3 Assay Results

The Phase 3 RC drill holes at the Mulga Tank Project have extended known mineralisation, demonstrating broad zones of nickel sulphide mineralisation outside of previously known and tested zones within the Complex. The company continues to expand and de-risk a potentially globally significant, large-scale, open-pitable nickel sulphide deposit at Mulga Tank. The results provide strong evidence for nickel sulphide mineralisation and highlight a larger system than that modelled in the Company's JORC Exploration Target. The aim of these step out holes is to find the limits of mineralisation and the mineral system, as well as to differentiate between areas of the Complex with weaker and stronger mineralisation, aiding the Company's ability to focus resource definition on zones with stronger mineralisation and further exploration targeting of both richer disseminated and massive sulphide mineralisation.