Renforth Declares Initial Victoria Nickel Polymetallic Mineral Resource Estimate in Malartic, Quebec of 125 Million Tonnes Grading 0.15% NiEq in an Open Pit

Core Insights - Renforth Resources Inc. has reported an Initial Mineral Resource Estimate for the Victoria project, indicating a pit constrained in situ of 413 million lbs of nickel equivalent over a 2.5 km strike length [1][2][5] Mineral Resource Estimate - The Inferred Mineral Resource classification includes 125 million tonnes with a nickel grade of 0.12%, copper at 0.02%, cobalt at 0.01%, zinc at 0.08%, and silver at 0.38 g/t, resulting in a nickel equivalent grade of 0.15% [2] - The mineralization is hosted in interlayered ultramafic and black shale bands, with a total width of up to 500 meters and a strip ratio of less than 1:1 in a 200m deep pit [3][4] Geological and Structural Insights - The Victoria structure runs approximately 20 km with mineralization occurring at or near the surface, with thicknesses observed up to 500 meters [10] - The geological model indicates a modified magmatic Ni-Cu-Co sulphide deposit, with characteristics similar to the "Outokumpu" deposits in Finland [8][9] Future Plans and Exploration - The company plans to continue metallurgical sorting optimization tests and further drilling to grow and upgrade the Mineral Resource ahead of a Preliminary Economic Assessment (PEA) [5][22] - Ongoing exploration will evaluate the presence of a larger ultramafic magmatic system and assess the carbon sequestration capacity of the ultramafic material [22][24] Metallurgical Testing - Initial metallurgical testing has shown that it is possible to liberate copper, nickel, and zinc by flotation, indicating distinct flotation conditions may be required for high-grade concentrates [24][27] - The testing results indicate high recovery rates of copper and nickel, with significant portions contained in specific minerals [25][26]