The Bulgera Gold Project is located 170kms north of Meekatharra in a +6.5mozs gold district that includes the Plutonic Gold Mine. Exploration work at Bulgera in 2020-21 focused on RC drilling below the shallow 93,880oz gold resources to test deeper in the mine sequence (+150 metres). This resulted in the discovery of a new high-grade gold zone below the Bulgera opencut. Diamond drilling completed in late 2021 extended the gold lode to over 500 metres down dip from the base of the Bulgera open cut. In 2022 a new model & mineral resource estimate was completed boasting 5Mt @ 1.2g/t for 200,000 ounces of gold. The Bulgera Project has numerous near surface gold prospects still untested below 100 metres with RC drill planning by the Company now underway. A haul road connects the Bulgera project to the operating Plutonic gold plant where processing synergies may be feasible.

The Marymia East Project (84%) is located in Western Australia 200 kilometres north of Meekatharra and just 10 kilometres southeast of the Company’s Bulgera Gold project. The two tenements cover over 23,000 hectares of highly prospective greenstone belt geology proven to host gold and base metals.  A 2022 review of the deeper RC drilling identified a ~70m deep pervasive silcrete cap in many areas across the project having the potential to ‘mask’ the deeper precious & base metal anomalies.  As much of the historical RAB holes were only drilled to 25 meters and only analysed for gold, Norwest believes these previously tested areas have strong potential for deeper mineralisation especially for base metals.   In Q2 2022 Norwest will drill test four targets to blade refusal and run multi-element analysis on the composite samples.

The Bali Copper Project is located 250 kilometres west of Newman. The project covers 41km² with five prospects identified along the 8-kilometre northwest trending Bali shear zone. Bali was last drill tested in 1989 returning intersections up to 6m @ 7.17% copper and a 2018 Norwest completed mapping & surface sampling of 86 rock chips which average grade of 6.3% copper from laboratory assays. Norwest will undertake its first drilling program, being 30-RC holes for 4,000 metres, in the 2nd half of the 2022 calendar year.

The Arunta West Project is located in WA, 600 kilometres west of Alice Springs and is strategically positioned adjacent to Rio Explorations and Independence Group; both very active in this new mineral resource region.  In 2021 the Company completed a large project-wide soils programme to increase the multi-element database to 10,000 samples. Independent analysis of the assay data has identified strong rare earth element, lithium and IOCG (copper-gold) targets. The company remobilised to site in April 2022 to conduct mapping, rock-chip sampling, infill soil work and aircore drilling.

The Marriott Nickel Project (100%) is located on a granted mining lease in the centre of Western Australia’s Leinster-Laverton nickel region. A block model and mineral resource estimate was undertaken for Norwest which reported 584,000 tonnes @ 1.18% Ni for 6,900 tonnes of contained Nickel (including 463kt @ 1.2% Ni for 5,600 tonnes of contained Nickel in the indicated category). Norwest has undertaken preliminary economic studies for the mining, trucking, and processing of the near-surface Marriott nickel resource through a plant located within 70 km of the Marriott mining lease. Norwest has commenced discussions with prospective partners or purchasers to explore near-term opportunities to exploit the Marriott nickel deposit.