Dundas Minerals Limited is actively exploring for nickel, copper and gold in the prospective Albany-Fraser Orogen, Western Australia. Dundas Minerals announced the results from its Jumbuck nickel prospect reverse circulation (RC) drilling program, which completed in February 2022. Assay results from two drill holes have returned broad intersections of anomalous nickel (Ni) and chromium (Cr).

The intersections are in excess of 30m. In each zone, nickel enrichment commences at the base of complete oxidation and continues through to the underlying Gabbro (mafic intrusive), which hosts the majority of the mineralisation. Drill hole 22JURC009 (135m) returned 0.23% Ni and 0.22% Cr over 34m (25m ­ 58m), included 7m at0.38% Ni and 0.16% Cr (26m-33m).

Drill hole 22JURC010 (135m) returned 0.14% Ni and 0.27% Cr over 33m (71m ­ 103m). For each hole 1m samples were taken in the intersections of anomalism, and assays were undertaken by Intertek Genalysis in Perth, Western Australian. The Jumbuck drilling program was designed to test for mineralization to a maximum depth of 150m in the vicinity of an historic rotary air blast (RAB) drill hole, drilled by AustQuest Limited in 2011.

The drill hole: 11DSRB579, reported 0.55% Ni and 0.51% Cr from a 2 metre end-of-hole composite sample (20m ­ 22m). The recent Dundas Minerals holes are located within 50m of the historic hole, and were specifically positioned to test a distinctive "bulls-eye" magnetic anomaly. Dundas Minerals has also now received all of the drill assay results from its Kokoda gold prospect drilling program that was completed in January 2022.

Although there are no gold anomalies of any significance to report from the assays, elevated total REEs were also noted in three of the Kokoda drill holes. In terms of possible gold anomalism at Kokoda, based on the assay results received and in-field observations during the drilling program, it is unlikely that any further gold focused exploration programs will be scheduled for this prospect in the near term. The REE opportunity at Kokoda will however be continue to be assessed.