Dundas Minerals Limited is actively exploring for nickel, copper and gold in the prospective Albany-Fraser Orogen, Western Australia. Dundas Minerals announced the commencement of a first ever reverse circulation (RC) drilling program at its Matilda South exploration prospect. A minimum of four deep RC holes of up to 400 metres are planned for the program.

These holes are 50% co-funded by the Western Australian Government (to a combined maximum of $180,000) under its exploration incentive scheme (EIS). Additional dill holes are also scheduled around the EIS co-funded drilling. The drilling program is anticipated to complete in early March 2023.

Matilda South Prospect: The Matilda South (nickel/copper) exploration prospect is a large gravity anomaly, the identification of which was announced by Dundas Minerals on 18 January 2022. The gravity anomaly is interpreted as due to intrusive mafic or ultramafic rock types, and is within a large magnetic low anomaly. The exploration model for Matilda South is magmatic sulphide mineralisation associated with a mafic-ultramafic intrusion.

A shallow historical air-core drill hole (31m) proximal to the gravity anomaly was completed by Goldport Pty Ltd. in 2006 (following on from earlier soil geochemistry anomalies). The drill hole was logged as having a bottom of hole intersection of "intermediate /mafic pluton or pyroxene granulite", which supports Dundas Minerals' interpretation of the rock type.