Assays received from Nickel project

Published 04-MAR-2022 16:56 P.M.

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ARN ended the week with some of the final assays from the drilling program completed at its last Nickel project at the back end of 2021.

Peak results from the program were as follows:

7.86m at 0.53% Nickel from 269.5m
4.26m at 1.22% Nickel from 277.14m

The positives from the drilling program is that ARN has managed to intersect massive sulphides and confirmed there is nickel in them. However, the market didn't seem to react to the results, we think because of the nickel grades.

With nickel now trading at US$28,000 per tonne we think that the market may at some stage start to take an interest in these types of results.

Our focus for ARN in our 2022 Investment Memo (coming soon) is around the rubidium/lithium project where ARN is currently in the middle of a drilling program. Be on the lookout for our memo launch in the coming weeks.