Collurabbie Project

The Collurabbie Project, located approximately 430km to the north northeast of Kalgoorlie, 195km north of Laverton and 65km to the east of the Fisher East Nickel Project also lies within the North-Eastern Goldfields region. The project consists of three granted exploration licences covering a total of 147km2.

The previous exploration within the Cannon tenure has resulted in an intrusive related nickel – copper – cobalt – PGE Mineral Resource estimate at Olympia of 0.573Mt at 1.63% Ni, 1.19% Cu, 0.082% Co, 1.49g/t Pd, 0.85g/t Pt reported under the guidelines of JORC (Table 2). The intrusive ultramafic unit hosting ore at Olympia has over 15 km of strike within the Cannon tenement package. Numerous anomalous nickel sulphide intercepts relating to this intrusion are recorded in historical drilling, with only limited follow-up subsequently completed. Cannon has proposed an exploration programme for the project totalling $1.18 million over the 2021-2023 period.

Olympia Mineral Resource Estimate

DepositCategoryTonnes (Kt)Grade Ni %Grade Cu %Grade Co %Grade Pd g/tGrade Pt g/t
OlympiaInferred5731.631.190.0821.490.85
Refer to Cannon Resources Limited Prospectus dated 26 May 2021 for further information