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Canada Nickel Announces 46% Increase in Measured & Indicated Resource at Reid Nickel Sulphide Project
Prnewswire· 2026-01-12 11:45
Core Viewpoint - Canada Nickel Company has announced an updated mineral resource estimate for its Reid Nickel Sulphide Project, confirming it as one of the world's largest nickel sulphide deposits, with significant potential for further exploration and development [2][4]. Mineral Resource Estimate - The updated mineral resource estimate shows a 46% increase in Measured & Indicated resources to 2.1 million tonnes of contained nickel, and a 47% increase in Inferred resources to 3.2 million tonnes [5][6]. - The total mineral resources now include 0.04 billion tonnes Measured at 0.27% nickel, 0.87 billion tonnes Indicated at 0.23% nickel, and 1.45 billion tonnes Inferred at 0.22% nickel [6][12]. - The dimensions of the mineral resource are approximately 2.3 kilometers long, 1.1 kilometers wide, and extend to 720 meters deep, remaining open in multiple directions [7][12]. Exploration Potential - An additional exploration target of 0.5 to 1.4 billion tonnes at grades of 0.21% to 0.22% nickel is identified, pending further drilling [8][12]. - The exploration target is based on the geophysical signature and core drilling results, indicating a consistent geological setting [8][12]. Project Development - The Reid project is strategically located 16 kilometers southwest of the Crawford Nickel Sulphide Project and is more than twice its size based on geophysical targets [2][4]. - The company plans to continue drilling and sampling programs to upgrade the mineral resource and aims to produce a Preliminary Economic Assessment (PEA) in the future [17][19]. Technical and Operational Details - The mineral resource estimate was prepared by Caracle Creek International Consulting Inc. and follows CIM guidelines [10][20]. - The average stripping ratio is 1.19:1, with an average overburden thickness of 25.8 meters [11][12]. - The drilling campaigns were conducted in 2022, 2024, and 2025, with the 2025 campaign focused on infilling previous sections to enhance resource classification [9][19].
Class 1 Nickel Confirms 3+ km PGE-Trend and Samples 1.11 g/t Pd+Pt+Au at the River Valley PGE-Cu-Ni Project, Ontario, Canada
Globenewswire· 2025-10-08 11:30
Core Insights - Class 1 Nickel and Technologies Limited has announced positive results from its 2025 prospecting and ground-truthing campaign at the River Valley PGE-Cu-Ni Project, located approximately 65 km northeast of Sudbury, Ontario [1][4] Project Overview - The River Valley Project spans about 2,916 hectares and features several kilometers of promising geology with known platinum group element (PGE)-bearing sulphide mineralization categorized as Contact-Style PGE-Cu-Ni [2][12] - The project is situated within the same intrusive complex as the advanced River Valley Palladium Project developed by New Age Metals Inc [2] Sampling Results - A total of 73 rock grab samples were collected, with 11 samples returning assays ranging from 0.26 to 1.11 g/t 3E (Pd + Pt + Au), 0.04 to 0.96% Cu, and 0.02% to 0.17% Ni [3][6] - The sampling program has generated several new targets for follow-up with ground geophysics and a potential drilling campaign [6] Future Exploration Plans - The CEO of Class 1 Nickel expressed confidence in continuing exploration in target areas, particularly the Crerar PGE Trend, to plan and complete a drilling program soon [4][8] - A surface geophysics program is being planned for the North PGE Trend and the Crerar PGE Trend [3] Historical Context - Historical exploration on the property includes a diamond drill program completed in 2001 by Mustang Minerals Corp, which targeted the Crerar PGE Trend [13] - The project provides exploration upside for PGE and critical minerals, including copper and nickel, with a focus on productive zones within the River Valley Intrusion [12][15]
Fathom Announces Completion of Final Requirements Under Gochager Lake Earn-in Agreement
Newsfile· 2025-10-07 11:50
Core Viewpoint - Fathom Nickel Inc. has successfully completed all requirements under the Gochager Lake Earn-In Agreement, securing a 100% interest in the Gochager Lake Property, subject to a 2% net smelter return royalty [1][4]. Group 1: Agreement Completion - The final cash payment and share issuance have been completed, allowing the company to hold a full interest in the property [1]. - The vendor requested changes to the agreement, resulting in a decrease of cash payments by $12,500 to a total of $79,500 and an increase in share issuance by 290,000 to a total of 1,210,000 shares [3]. - The earn-in period was accelerated from four years to three years due to the company's exploration success [3]. Group 2: Exploration Achievements - Since entering the agreement in September 2022, the company has expanded the Gochager Lake property from 4,696 hectares to over 34,000 hectares [2]. - A geological model has been developed that supports comparisons to world-class magmatic nickel sulphide projects [2]. - The original Gochager Lake deposit has been expanded into a mineralized corridor extending over 1.4 km, which remains open along strike in both directions [2]. Group 3: Future Plans and Potential - The company has identified numerous high-priority drill targets as part of its goal to establish a district-scale nickel camp in north-central Saskatchewan [2]. - The Gochager Lake deposit is treated as an Exploration Target, with potential estimates of 4-5 million tons grading 0.3%-0.4% Ni and 0.08%-0.09% Cu, including a higher-grade core of 1.5-2 million tons grading 0.6%-0.7% NiEq [14].
Core Nickel Announces Results from Property-Wide Airborne Electromagnetic Survey on the Mel and Odei River Projects and Provides Management Update
Newsfile· 2025-09-02 09:00
Core Viewpoint - Core Nickel Corp. has successfully completed property-wide airborne electromagnetic surveys on its Mel and Odei River Projects, providing valuable data for future exploration and target identification [1][2][3] Survey Results - The 2025 airborne survey covered 289 line-km for the Mel Project and 1,547 line-km for the Odei River Project, utilizing a 100-metre line spacing to refine historical EM survey results [3][4] - The surveys indicate a strong correlation between nickel sulphide mineralization and geophysical responses, highlighting new exploration targets at Mel, Hunter, and Odei River [2][4] Mel Project Insights - The Mel Deposit shows a historical mineral resource of 4,279,000 tons grading 0.875% Ni and an inferred resource of 1,010,000 tons grading 0.839% Ni [24] - Geophysical data suggests that mineralization at Mel is fault-controlled and extends beyond the currently defined resource area, with historical drillholes indicating potential for additional nickel sulphide lenses [12][15][24] Hunter and Odei River Properties - The Hunter block features two prominent magnetic trends associated with EM trends, suggesting potential nickel sulphide systems, with Hunter North being a 9.5 km long magnetic trend and Hunter Central a 12 km trend [20] - The VTEM survey has defined a robust target corridor across the Hunter and Odei River properties, warranting further drill testing [20] Management Update - Core Nickel announced the resignation of Caitlin Glew as Vice President, Exploration, effective August 31, 2025, acknowledging her contributions to the company's exploration strategies and technical understanding [21][22]
Lifezone Metals: Unveiling Value In Battery Metals' Next Frontier
Seeking Alpha· 2025-08-20 16:14
Group 1 - Lifezone Metals (NYSE: LZM) is positioned at the intersection of two significant industry trends: the battery metals revolution and the transition to cleaner metallurgy [1] - The company's primary asset is one of the largest and highest-grade undeveloped nickel sulphide deposits globally [1]
Centaurus Metals (CTM) 2025 Earnings Call Presentation
2025-08-05 06:20
Project Overview - Jaguar Project aims to become the Western World's next major nickel sulphide mine [1] - The project boasts a Tier-1 scale Mineral Resource of 138.2 million tonnes containing 1.2 million tonnes of nickel [4, 9] - It also has a 52 million tonnes Ore Reserve containing 406,100 tonnes of nickel [4, 9] - The project is moving towards a Final Investment Decision (FID) in H1 2026 [7, 61] Financials and Operations - The project anticipates a Life-of-Mine (LOM) Post-Tax operating cash flow of US$2 billion (A$3.12 billion) [10] - It has a Post-Tax Net Present Value (NPV) of US$735 million (A$1.15 million) and a 34% Internal Rate of Return (IRR) [10] - The capital payback period is estimated at 1.8 years [10, 48] - The project targets an average nickel production of 22,600 tonnes per annum (tpa) in the first 7 years [9, 45] - The Life-of-Mine All-In Sustaining Cost (AISC) is projected to be US$4.43/lb Ni (payable basis) [4, 9, 19, 48] Environmental and Approvals - All key environmental approvals have been received, including EIA approval and Preliminary & Installation Licences (LP & LI) [6, 54] - The project has a low carbon footprint, with a forecast of 6.54 tonnes of CO2 per tonne of Nickel [9, 10, 56]
Zeb Nickel Project to Commission a SpectremPlus(TM) EM Survey to Build on 2025 High-Resolution Gravity-Magnetic Dataset
Newsfile· 2025-07-17 12:54
Core Viewpoint - Zeb Nickel Corp has engaged Spectrem Air Proprietary Ltd. to conduct a 736 line-kilometre SpectremPlus™ airborne electromagnetic survey over its Zeb Nickel Project in Limpopo Province, South Africa, aiming to enhance the identification of potential nickel sulphide ore bodies [1][2]. Group 1: Survey Details - The airborne survey will cover approximately 736 line-kilometres, utilizing 150 m spaced traverse lines and 1,500 m tie-lines, with data acquisition scheduled for July 2025 [7]. - The SpectremPlus™ system is capable of imaging conductive bodies to depths exceeding 700 m, with a high RMS dipole moment of 756 kA·m² [3][7]. - The survey is expected to be completed within three days, with final processed data and interpretations anticipated within 30 days post-survey [7]. Group 2: Technical Integration and Benefits - The AEM survey will complement existing gravity-magnetic models, allowing for improved drill-target definition by distinguishing between conductive massive sulphides and resistive host rocks [3][4]. - By integrating EM conductivity data with gravity and magnetic models, the technical team aims to generate a prioritized pipeline of drill-ready targets for potential nickel-sulphide mineralization [4][6]. - The expected deliverables include a unified 3D geophysical block model that identifies and ranks high-priority target zones based on conductivity, density, and magnetic susceptibility signatures [13]. Group 3: Company Focus and Strategic Importance - Zeb Nickel Corp is focused on exploring and developing world-class mineral deposits, particularly those critical for rechargeable battery production, including nickel, lithium, and cobalt [14]. - The Zeb Nickel Project is strategically located in the Bushveld Complex, which is known for its rich mineral deposits [14].
Noble Mineral highlights Mann Central Nickel Sulphide Initial Resource as announced by Canada Nickel
Thenewswire· 2025-07-16 11:30
Core Insights - Noble Mineral Exploration Inc. announced the initial mineral resource estimate for the Mann Central Nickel Sulphide Project, in collaboration with Canada Nickel Company [1][2] - The Mann Central project is located 40 km northeast of Timmins, Ontario, and is part of the East Timmins Nickel Company joint venture [2][3] - The initial mineral resource estimate indicates significant potential, with over 9 million tonnes in both Measured & Indicated and Inferred categories [2] Mineral Resource Estimate - The Mann Central Project has an Indicated Mineral Resource of 237 million tonnes grading 0.22% nickel, totaling 0.52 million tonnes of contained nickel [4][6] - Inferred Mineral Resources are estimated at 537 million tonnes grading 0.21% nickel, equating to 1.15 million tonnes of contained nickel [4][6] - An Exploration Target of an additional 0.6 to 2.0 billion tonnes grading between 0.19% and 0.20% nickel is identified, pending further drilling [4][6] Project Details - The Mann Central project covers a geophysical target area of 3.1 square kilometers, with the current MRE covering approximately 40% of this area [3] - The dimensions of the Mann Central MRE are approximately 2.4 kilometers long, up to 700 meters wide, and extending to 500 meters deep, remaining open in all directions [4] - Drilling for the initial MRE involved 12,563 meters from 32 drill holes, conducted in 2023 and 2024 [4][8] Future Plans - Canada Nickel plans to advance the Crawford project towards a construction decision by year-end and aims to publish three additional mineral resource estimates by the end of the year [2][20] - Ongoing drilling and sampling programs will focus on upgrading Inferred Mineral Resources to Indicated Mineral Resources [20]
Class 1 Nickel Commences 2025 Exploration Program at the River Valley PGE-Cu-Ni Project, Ontario, Canada
Globenewswire· 2025-07-09 11:30
Core Viewpoint - Class 1 Nickel and Technologies Limited has launched its 2025 summer exploration program at the River Valley PGE-Cu-Ni Project, which is expected to enhance its portfolio focused on critical minerals such as PGE, copper, and nickel [1][4]. Group 1: Exploration Program Details - The 2025 field exploration program will focus on geological mapping, sampling, and ground-truthing of targets identified from a recent 254 line-kilometer VTEM™ Plus survey [2][10]. - The exploration will include detailed examination of known sulphide occurrences and will report results as they become available [2][10]. - The program aims to validate geophysical targets developed from the VTEM™ Plus survey, particularly along the Crerar PGE Trend [3][10]. Group 2: Project Overview - The River Valley PGE-Cu-Ni Project spans approximately 2,916 hectares and is located about 65 kilometers northeast of Sudbury, Ontario, featuring known PGE-bearing sulphide mineralization [1][4]. - The project is underlain by gabbroic to anorthositic rocks of the Paleoproterozoic River Valley Intrusion, with a focus on targeting productive Marginal and Inclusion-Bearing zones [4][14]. - The project is strategically positioned near the advanced River Valley Palladium Project being developed by New Age Metals Inc., providing additional exploration upside [1][4]. Group 3: Geophysical Survey Insights - A helicopter-borne VTEM™ Plus survey was conducted in March 2025, acquiring approximately 254 line-kilometers of geophysical data [7]. - The survey utilized advanced geophysical sensors, including a versatile time domain electromagnetic system and a horizontal magnetic gradiometer [7]. - The results from the survey will inform the summer exploration program, which includes geophysical ground-truthing and mapping [10][11].
Noble Mineral highlights Mann West Nickel Sulphide Initial Resource as announced by Canada Nickel
Thenewswire· 2025-06-11 14:15
Core Insights - Noble Mineral Exploration Inc. announced the initial mineral resource estimate for the Mann West Nickel Sulphide Project, a joint venture with Canada Nickel Company, located in the Timmins area of Northern Ontario [1][2][4] Company Overview - Noble holds a 20% interest in East Timmins Nickel Ltd., which owns the Mann West project, while Canada Nickel holds the remaining 80% [2][3] - Noble Mineral Exploration has extensive mineral rights in Northern Ontario and other regions, focusing on nickel, cobalt, and base metals [29][30] Project Details - The Mann West project is located 21 kilometers east of Canada Nickel's Crawford Nickel Sulphide Project and has a geophysical target area of 3.4 square kilometers, more than double that of Crawford [3][4] - The initial mineral resource estimate includes 406 million tonnes of indicated resources grading 0.23% nickel and 599 million tonnes of inferred resources grading 0.22% nickel, totaling 0.95 million tonnes and 1.31 million tonnes of contained nickel, respectively [5][8] - An exploration target of an additional 0.5 to 1.0 billion tonnes grading between 0.20% and 0.22% nickel is anticipated, pending further drilling [5][8] Resource Estimates - The Mann West project has a significant PGM zone with indicated resources of 7.0 million tonnes grading 0.422 g/t palladium and platinum, and inferred resources of 7.7 million tonnes grading 0.411 g/t [5][8] - The resource dimensions are approximately 1.9 kilometers long, 800 meters wide, and extend to 500 meters deep, remaining open to the northwest and at depth [5][8] Future Plans - Canada Nickel plans to announce additional mineral resources, with expectations for eight new resources by the end of 2025, including two more this month [4][8] - Noble aims to increase and upgrade inferred resources through ongoing drilling campaigns and mineralogical analysis [28]