Class 1 Nickel Files Updated NI 43-101 Mineral Resource Estimate for Dundonald North, Alexo-Dundonald Nickel Sulphide Project

Core Viewpoint - Class 1 Nickel and Technologies Ltd. has filed an independent NI 43-101 Technical Report for its Alexo-Dundonald Nickel Project, which includes an updated Mineral Resource Estimate for the Dundonald North Deposit, enhancing the company's resource base and positioning in the nickel market [1][2][3]. Group 1: Technical Report and Resource Estimate - The Technical Report, effective from March 27, 2025, was prepared by Qualified Persons from Aticus Geoscience Consulting Ltd. and Caracle Creek Chile SpA [2]. - The updated Mineral Resource Estimate for the Dundonald North Deposit indicates an inferred resource of 2,500,000 tonnes with a nickel grade of 0.75% and a nickel equivalent grade of 0.80% [5][6]. - The report replaces a previous NI 43-101 technical report from October 2024, reflecting advancements in resource estimation [3][6]. Group 2: Company Strategy and Future Plans - The company aims to expand known mineralization and resources at its four existing nickel sulphide deposits within the Alexo-Dundonald Nickel Sulphide Project [23]. - An exploration program is planned to investigate underexplored areas of the project, guided by recent airborne geophysics and historical drilling [24]. - The company is pursuing a dual strategy to develop both high-grade nickel sulphide resources and large tonnage, low-grade komatiite-hosted deposits [25][26]. Group 3: Project Overview - The Alexo-Dundonald Nickel Sulphide Project covers approximately 3,093 hectares and includes four nickel deposits, with historical production from the Alexo North and South deposits [29]. - The project is located in a folded komatiite-ultramafic rock sequence that has not been systematically explored, indicating potential for resource expansion [29]. - The company plans to commence a Preliminary Economic Assessment (PEA) study to evaluate the best path forward for the project [33].