EYE - Eagle Eye Metals

The Wanaka prospect is located immediately along strike to the south of the GME Resources Ltd’s
Waite Kauri nickel oxide deposit (1.30 Mt @ 1.33% Ni and 0.14% Co).

The holes WKRC1001 to 1046 were drilled at the Wanaka prospect during the previous quarter for a
total of 1,517 metres. The drilling at Wanaka has defined a 150 metre wide zone of nickel oxide
mineralisation. Significant results at a 0.5% Ni cut off grade were achieved in this programme include:

WKRC1009 10 metres at 0.81% Ni, 0.03% Co and 8.72% Mg from 2 metres

WKRC1010 12 metres at 0.90% Ni, 0.03% Co and 8.61% Mg from 2 metres

WKRC1011 23 metres at 0.77% Ni, 0.02% Co and 9.43% Mg from 10 metres

WKRC1012 14 metres at 1.03% Ni, 0.05% Co and 6.58% Mg from 12 metres

WKRC1013 15 metres at 1.09% Ni, 0.06% Co and 4.89% Mg from 14 metres

WKRC1014 9 metres at 0.92% Ni, 0.06% Co and 2.57% Mg from 8 metres

WKRC1014 5 metres at 1.15% Ni, 0.05% Co and 7.88% Mg from 20 metres

WKRC1032 8 metres at 0.94% Ni, 0.14% Co and 3.25% Mg from 14 metres

WKRC1033 4 metres at 0.86% Ni, 0.11% Co and 6.56% Mg from 9 metres

WKRC1033 5 metres at 1.56% Ni, 0.07% Co and 3.71% Mg from 15 metres

WKRC1021 18 metres at 0.54% Ni, 0.04% Co and 2.97% Mg from 5 metres

WKRC1022 18 metres at 0.59% Ni, 0.04% Co and 4.39% Mg from 9 metres

WKRC1021 16 metres at 0.53% Ni, 0.02% Co and 3.39% Mg from 10 metres

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blobbob said:

Market cap @5.5c is 2.4m with 3.3m in cash, guess the market don't give a s*** about nickel explorers.

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lastman said:

Nickel will go the same as Uranium. Retail investors will dump their stocks and people with a brain will pick them up cheap.

This looks like an interesting play with good upside. Pretty tightly held register and on the face of things pretty undervalued. Wait and see I guess

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Whiskers said:

Well, I've been in and out of this, but it stayed on my watch list... and I missed this!

Sounds like some good West African Gold interests picked up, subject to due diligance etc.

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Sir Lance said:

I see the company is in trading halt today pending a company annoucement. First I was thinking excellent - release some good news to the market (ie found more gold, better than expected drilling results etc) and then I will sell (my small qty of shares).

However upon reading the ASX media release the halt has been requested for funding ? I am assuming this is funding for good reasons and no debt related

SL

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