High-Grade Nickel Intersected At Saints

Auroch Minerals Limited (ASX:AOU) (Auroch or the Company) is pleased to announce thathigh-grade nickel sulphides have been intersected in drill-hole SNDD018 at the Saint Andrews deposit of theSaints Nickel Project (Saints; Auroch Minerals 100%) in Western Australia, with results returning a total of 6.92m @ 2.42% Ni, 0.17% Cu & 0.63 g/t PGE (Pt + Pd) and individual samples grading up to 8.8% Ni.

Highlights

• High-grade nickel sulphides intersected in drill-hole SNDD018 at the Saint Andrews deposit of the Saints Nickel Project, with results returning a total of 6.92m @ 2.42% Ni, 0.17% Cu & 0.63 g/t PGE (Pt + Pd) (including individual samples grading up to 8.8% Ni)
• Nickel sulphide mineralisation confirmed over two main zones, with assays pending above the upper zone to potentially extend the zone even further:
  • 2.13m @ 3.26% Ni, 0.19% Cu & 1.24g/t PGE (Pt + Pd) from 167.99m, including 0.31m @ 8.83% Ni, 0.44% Cu & 2.91g/t PGE (Pt + Pd) from 169.81m
  • 4.79m @ 2.05% Ni, 0.16% Cu & 0.36g/t PGE (Pt + Pd) from 311.98m, including 0.77m @ 5.09% Ni, 0.47% Cu & 0.50 g/t PGE (Pt + Pd) from 316m
• Ten drill-holes (2,667m) have been completed, including three holes for composite samples required for the Saints Scoping Study metallurgical testwork
• The diamond drill programme comprises predominantly infill drilling aimed at upgrading and potentially extending the current Saints Nickel Project Mineral Resource of 1.02Mt @ 2.0% Ni for 21,400kt of contained nickel
• The results from the drill programme to provide important inputs to the Saints Scoping Study as the Company looks to leverage record nickel prices of >US$100,000/t via potential near- term development

SNDD018 was the deepest hole drilled into Saint Andrews deposit in the current infill programme (Figures 1 & 2). The drill-hole intersected massive nickel sulphides in two zones, both in the upper hanging-wall zone and in the lower zone just above the basal contact.

In the upper mineralised zone SNDD018 intersected 2.13m@3.26%Ni,0.19%Cu&1.24g/tPGE(Pt + Pd) from 167.99m, including 0.31m @ 8.83% Ni, 0.44% Cu & 2.91g/t PGE (Pt + Pd) from 169.81m. The drill-hole intersected the upper mineralised zone close to the expected depth from the existing geological and resource models. Importantly, assays are pending for several mineralised samples immediately above this intersection, which could further increase the width of this upper mineralised zone.

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