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Australian Mines (ASX: AUZ) is pleased to announce that recent exploration activities at the company’s 100%-owned Blair Nickel Mine near Kalgoorlie, has focussed on L01C Shoot and Area 57 southern extensions with the following encouraging results:

Recent drilling above and below 1048 level has returned ore grade intersections. The holes were designed to establish platforms for DHEM testing of L01C Shoot and stay in the footwall of the shoot but, due to variations in the dip of the shoot, have intersected portions of the shoot. Because the intersections essentially follow the interpreted dip of the shoot, true widths have not been estimated with the exception of hole AMUG202.

1. Hole AMUG202 drilling above the 1048 level to test L01C shoot up plunge intersected 8m @ 4.17% Ni (expected true width of 1.5-2.0m).

2. Hole AMUG203 drilled below the 1048m RL level has intersected massive sulphides at both sediment/ultramafic and basalt/ultramafic contacts from 90 to 20 metres above the 907 production stope. (1m @ 3.5% Ni, 5m @ 2.37% Ni, 1m @ 3.91% Ni & 8.6m @ 4.05% Ni).

While the intersections are not true widths, they give the company confidence that the L01 shoot will continue to increase the mine’s nickel resource and further holes are planned in this zone to confirm the intersections and ore model before drilling recommences in the Blair Deeps region of the mine in April.

3. Hole AMUG209 drilling 50m below AMUG208 (2m @ 4.6% Ni) targeting the depth extensions of the LO1 shoot failed to intersect significant nickel mineralisation. DHEM is now planned to interpret the ore distribution below AMUG208 before further drilling is planned.

1 Drilling 20m above the 1033m RL production stope in the Area 57 extensions has intersected nickel ore (AMUG212 intersected 0.7m @1.68 % Ni , and 0.3m @ 3.97% Ni).

Mining is continuing in this zone and further drilling is required to determine the limits of the up dip extensions.

2. Drilling below the 1033m RL production stope indicates mineralisation is truncated by a local fault. Further work below this zone is required to fully understand and interpret possible repetitions of the Area 57 ore body at depth.

Mining continues in this zone with a half level drive below the 1033mRL to test the extensions of the ore body.