Draganfly (US:DPRO) Newsfileยท2024-06-12 13:00Core Viewpoint - First Atlantic Nickel Corp. has engaged Draganfly Inc. to utilize advanced drone technology for exploration at the Atlantic Nickel Project, aiming to enhance the identification of high-priority nickel target areas and accelerate the exploration process [2][3][4]. Company Overview - First Atlantic Nickel Corp. is a Canadian mineral exploration company that owns 100% of the Atlantic Nickel Project, which is a significant nickel awaruite project located in Newfoundland and Labrador, Canada [24]. - The Atlantic Nickel Project covers 21,850 hectares and is situated in a region known for its potential for bulk-tonnage, awaruite-style nickel mineralization [21]. Strategic Engagement - The collaboration with Draganfly aims to conduct advanced surveys, including a magnetic geophysical survey, to identify high-priority magnetic awaruite target areas [3][4]. - Draganfly's drones are equipped to carry a 10kg payload and can operate in a wide temperature range, withstand winds up to 35 km/h, and fly at altitudes up to 2,438 meters [6][18]. Exploration Potential - The Atlantic Nickel Project features a 30-kilometer nickel-bearing ultramafic target area with proven elevated nickel values, indicating the potential for multiple nickel deposits and the development of a significant mining district [4][22]. - Historic drill holes in the target area have discovered awaruite nickel mineralization with grades between 0.22% and 0.27% over a length of 87 meters [19]. Environmental and Market Position - Awaruite, as a naturally occurring nickel alloy, offers a sustainable pathway for producing nickel concentrate without the need for smelting, thereby reducing environmental impact [7][11]. - The strategic location of the Atlantic Nickel Project provides excellent infrastructure access, including direct shipping routes to US, European, and Canadian markets, which enhances supply chain security for the stainless steel and electric vehicle industries [7][11].