Yup, will clean up with, some 000 steel wool and WD40. Polish with a good metal polish.

Blade looks good, very little spine wear, but does need honing.

Do be careful with those scales, they are prone to Cell Rot, though no signs or rot are present yet. If after cleaning and polishing you see a fine rust on the blade, the scales will have begun to off gas and will need to be removed and replaced.

Keep dry and store in a cool place and you should be ok.

Welcome, and check out the Workshop forum for more restoration tips.