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DINGO RANGE NICKEL PROJECT 

BACKGROUND

Following Inca’s listing, via merger with Condor Minerals (“Condor”) in early 2012, the Company reviewed all its Western Australian projects. Only one project, the Dingo Range Nickel Project, was retained for its stand-out Ni potential.

As mentioned in the Company history section of the website, Condor Minerals was formerly called Condor Nickel – a company that had been spun out of the-then-named Karrick Gold. Condor Nickel had assembled a solid portfolio of nickel projects, including the Dingo Range Project. Condor Nickel management had recognised the areas’ Ni potential and pegged the southern third of the Mt Fisher-Dingo Range Greenstone Belt , prior to Rox Resources’ Ni discoveries that were to come later 2012.

RECENT DEVELOPMENTS AT DINGO RANGE

In December 2013, the Company commissioned Grant “Rocky” Osborne to undertake detailed literature research with the purpose of critically assessing past exploration conducted in the broader Dingo Range Project area. Rocky was instrumental in the discovery the Rocky’s Reward Ni deposit, located north of the Perseverance nickel mine (seen in Figure 2).


Figure 1: Regional Geology plan showing the location of the Company’s Dingo Range Nickel Project, Rox Resources’ Mt Fisher Nickel Project and Cullen’s Eureka Project.


Figure 2: Nickel mines and prospects of the Eastern Goldfields on a background of 1VD RTP magnetics. Inca’s Dingo Range Nickel Project is shown in yellow outline; Rox’s Mt Fisher Project is shown in magenta outline (Figure provided by G Osborne).

A number of high priority nickel targets have been generated (Figure 3) and an exploration program proposal was put forward. The principal target, referred to as the Jackal Prospect, is approximately 10km long and corresponds to an outcropping ultramafic with coincident strong Ni-Cu-Zn ratios and a surficial sample peak Ni value of 3,033ppm (with modest Cu [41ppm] and very low Zn [28ppm]). It occurs in an area of intense folding as seen in magnetic images (Figure 2 & 3a) which draws important analogies with other regional and global nickel occurrences (Figure 3b and 3c). The Jackal Prospect is located within a sequence of thick tholeiitic basalt flows and dolerites, interspersed by chlorite schists, talc schists, interflow sediments and minor komatiitic volcanics. This sequence is believed to be a chronostratigraphic equivalent [occurring at the same time within the geological sequence] of the Ni-bearing Windarra greenstone. The stratigraphic relationship of the komatiitic ultramafic overlying the sulphidic banded iron formation is known to host nickel sulphide mineralisation at Windarra, while exhalative sulphide bodies occur in the footwall to the nickel sulphide mineralisation at Leinster.

The Company’s proposed exploration program on the Dingo Range Ni targets includes low cost detailed geological mapping and rock-chip/soil sampling. Follow-up work would involve geophysics and drill testing.