Wiluna Mining Corporation Limited announced highly encouraging results of a review of nickel, cobalt and platinum group element prospectivity at the Company's 1,600km Wiluna Mining Operation. While the Company's firm focus remains on its two-stage gold development program to reach annualized production of 250,000oz per annum in 2024, the Wiluna project tenure is highly prospective for nickel and other critical battery metals, and the Company is committed to unlocking the significant value held in these high-quality exploration assets. Wiluna Mining Corporation's tenure in the richly endowed Agnew-Wiluna greenstone belt comprises 40km of strike extent of the Perseverance ultramafic sequence that is prospective for tier-1 nickel-cobalt-platinum group element discoveries (Ni-Co-PGE). Wiluna Mining owns 100% of the mineral rights to Ni-Co-PGE sulphides in the project tenure. The Agnew-Wiluna greenstone belt hosts world-class deposits including Honeymoon Well (BHP Group Ltd), Mount Keith (BHP) and Cosmos (Western Areas Ltd), all located in the southern Agnew part of the ultramafic belt where BHP holds the dominant position. The northern ultramafics at Wiluna have not yet yielded similar economic discoveries, owing in part to the focus of previous operators on gold, and multiple changes in project ownership over the past 20 years. However, Ni sulphide was discovered at shallow depths at Bodkin prospect in 1995, with grades up to 2m @ 2.15% Ni + 1.00 g/t Pt + Pd. This discovery was followed up in 2005 with a scissor diamond hole that intersected 0.3m @ 6.64% Ni + 0.09% Co + 0.26% Cu, within a thermally eroded footwall basalt unit that is surrounded by an extensive zone of disseminated sulphide over 200m wide and up to 10m thick with lower tenor intersections. The discovery at Bodkin was the first recorded massive sulphide occurrence in the Wiluna ultramafics and greatly enhances the prospectivity of the immediate area and the ultramafic stratigraphy of the wider Wiluna district. Additional prospects include Longbow, where the interpretation of geophysical magnetic featues as being prospective komatiitic flows within a package of basalts and sulphidic sediments led to the recognition of potential for Kambalda-style discoveries. Elevated Ni grades up to 12m @ 0.62% Ni are associated with disseminated pyrrhotite-bearing magmatic sulphides. In 2006, Independence Group Ltd. joint ventured into the project, and in 2007 drilled 1m @ 6.38% Ni + 0.11% Co + 0.50% Cu + 2.48g/t Pt + Pd, 1m @ 2.67% Ni + 0.05% Co + 0.38% Cu + 0.14g/t Pt + Pd, and 0.25m @ 1.11% Ni + 0.57g/t Pt + Pd at Bodkin. Despite the presence of numerous Ni sulphide occurrences, with the onset of the Global Financial Crisis in 2009 and lower metal prices, Independence Group withdrew from the joint venture, ownership of the project has changed hands several times and no further exploration has since been undertaken. The Company is evaluating options to unlock value from the project, including an exploration program with the first steps being a detailed geophysical review of all Electromagnetic (EM) data previously acquired across the project to: Gauge effectiveness of past exploration with EM, with potential for re-interpretation of existing datasets given advances in EM data processing since data acquisition. Identify areas to be surveyed or resurveyed with modern EM data acquisition systems. Subsequently, an airborne EM survey over the entire project may proceed to: Detect massive Ni-Cu-Co-PGE sulphides in areas not previously tested; Map the distribution of sedimentary sulphide horizons and potential points of interaction between such units and komatiite flows that could lead to sulphide formation.