Iron ore at Dingo Range

Condor Nickel announced that Dingo Range exploration drilling is continuing to indicate the potential for a significant iron ore resource. The Dingo Range project is located in greenstone belt, 450km north of Kalgoorlie-Boulder and 150km south east of Wiluna, Australia. Sampling on E53/1380 and E53/1377 was carried out over a total strike length of approximately 14km and within an estimated area of 5.8sq/km. Of 52 samples taken, 42 samples or 80% of samples assayed over 50% Fe and 21 samples or 40% of samples assayed above 55% Fe. The geology of the Target Areas includes a Banded Iron Formation which has significant continuity within the Dingo Range greenstone belt and is the probable source of the secondary iron surface enrichment. It is proposed that further geological and geophysical mapping in the field is required to locate the iron-rich layers of the Banded Iron Formation and to identify reverse circulation drill targets to enable assessment of iron ore potential at depth.

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