NickelSearch (ASX: $NIS) Update on Carlingup Project

NickelSearch Limited (ASX: $NIS) has identified 14 lithium drill targets at the Carlingup Project in Western Australia. The targets are based on new soil sampling results and re-assaying of historical drilling pulps from the Nindilbillup nickel laterite deposit. The company's Managing Director, Nicole Duncan, expressed satisfaction with the progress, highlighting the identification of historic results and the commencement of low-cost on-ground exploration for newly acquired tenements.

NickelSearch Managing Director, Nicole Duncan, on Lithium Potential

Our work at the Quarry encouraged us to explore further afield in our tenement package. In addition to our fieldwork, we studied our large dataset from historic exploration, and now have 14 drill targets plus 30 ongoing Areas of Interest. We have completed the review of the historic drilling database and have identified a number of historic results that are of great interest. At the Nindibillup Nickel Laterite deposit area, we were able to re-assay historic pulps, and the results confirm anomalous LCT pegmatite indicators. Regionally we have applied a systematic approach to conducting reconnaissance geological mapping, rock chip sampling and infill soil sampling over selected areas. We will continue to progress and extend our exploration program, which now includes the newly acquired tenements.

Exploration Progress and Outlook

NickelSearch Limited (ASX: $NIS) has made significant progress in assessing lithium potential and defining 14 drill targets at the Carlingup Project. The company's exploration program has resulted in the identification of historic results and the commencement of low-cost on-ground exploration for newly acquired tenements. The ongoing work includes the review and planning for newly acquired tenements, with proposed geochemical sampling and geological mapping. The company aims to resolve negotiations for access and compensation to enable drilling to be carried out on private land. Additionally, NickelSearch plans to accelerate lithium exploration programs at the newly acquired tenements, including mapping, soil sampling, and rock-chip sampling. The company's strategic focus on advancing its flagship Carlingup Project reflects its commitment to battery metals exploration and its ambitions for further exploration and development in the region.