Intex Resources : ITX - INVITATION TO Q2 RESULTS, TUESDAY 30 AUGUST

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Resource update provides Mindoro Nickel with potentially over 100 years production

Intex is pleased to report the results of its latest resource upgrade for Mindoro Nickel. Recently completely drilling in the Alag-ag and Kapawa subareas has added an inferred resource of 65.6 million tonnes of nickel-mineralized laterite ore with 0.87% Ni to the inventory at 0.5% cog, or 45.9 million tonnes with 0.99% ni at 0.7% cog. This brings the global resource to 353 million tonnes, which potentially provides for more than 50 years of production at DFS-scale, or more than 100 years nickel production at a 25,000 tpa rate.