Canada Nickel Announces Initial Resources at Midlothian and Bannockburn Projects

Core Viewpoint - Canada Nickel Company has announced initial mineral resource estimates for its Midlothian and Bannockburn Nickel Sulphide Projects, showcasing significant potential in the Timmins Nickel District with substantial nickel resources identified [2][4]. Group 1: Mineral Resource Estimates - The Midlothian Nickel Sulphide Project has an Inferred Resource of 595 million tonnes grading 0.28% nickel, equating to approximately 1.68 million tonnes of contained nickel [8][12]. - The Bannockburn Nickel Sulphide Project has an Indicated Resource of 63 million tonnes at 0.28% nickel and an Inferred Resource of 129 million tonnes at 0.27% nickel, totaling 0.34 million tonnes of contained nickel [17][21]. - Overall, the Timmins Nickel District now has 3.98 billion tonnes of Measured and Indicated resources at 0.24% nickel, containing 9.4 million tonnes of nickel, and 4.95 billion tonnes of Inferred resources at 0.23% nickel, containing 11.5 million tonnes of nickel [4][5]. Group 2: Project Details - The Midlothian Project covers approximately 45% of its total target geophysical area and is accessible year-round, with dimensions of 2.5 kilometers long, up to 520 meters wide, and extending to 500 meters deep [7][8]. - The Bannockburn Project covers about 70% of its total target geophysical area, with dimensions of 1.2 kilometers long, up to 330 meters wide, and extending to 500 meters deep [15][17]. - Both projects are part of Canada Nickel's strategy to advance nickel-sulphide projects to meet the growing demand for nickel in electric vehicles and stainless steel markets [31]. Group 3: Future Plans - The company plans to publish the final resource estimate for the Nesbitt project in the first quarter of 2026, indicating ongoing exploration and development efforts [2][4]. - Infill drilling at Bannockburn aims to upgrade Inferred Resources to Indicated Resources in the next drilling campaign, alongside continued mineralogical and metallurgical analysis to improve understanding of metal recoveries [23][24].