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   Gold/Mining/EnergySudbury Saturday Night -- Nickel Mining & Nickel Prices


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To: LoneClone who wrote (7780)8/19/2021 3:54:11 PM
From: LoneClone
   of 7968
 
Wiluna Mining (ASX:WMC) Wiluna Nickel Project

abnnewswire.net

Perth, Aug 17, 2021 AEST (ABN Newswire) - Wiluna Mining Corporation Limited ( ASX:WMC) ( FRA:NZ3) ( OTCMKTS:WMXCF) is pleased to announce highly encouraging results of a review of nickel, cobalt and platinum group element prospectivity at the Company's 1,600km2 Wiluna Mining Operation.

HIGHLIGHTS

- Historical drilling intersected nickel sulphides with elevated cobalt, copper and platinum-group elements at the Wiluna Nickel Project, including:

RWD00014: 0.3m @ 6.64% Ni + 0.09% Co + 0.26% Cu from 88.6m
WILRC001: 1m @ 6.38% Ni + 0.11% Co + 0.50% Cu + 2.48g/t (Pt +Pd) from 72m
WILRC002: 1m @ 2.67% Ni + 0.05% Co + 0.38% Cu + 1.42g/t (Pt +Pd) from 92m
95WJVP251: 2m @ 2.15% Ni + 1.00g/t (Pt +Pd) from 74m

- Wiluna Mining owns 100% of sulphide rights over 40km of strike on the prospective Perseverance ultramafics in the Wiluna Greenstone Belt.

- Multiple exploration targets are identified from various geological, geochemical, geophysical and drilling data sets, including several nickel sulphide showings and various untested targets.

- Wilconi Joint Venture with A-Cap Energy Ltd in place to explore and develop laterite deposits of nickel, cobalt and associated metals, includes laterite Mineral Resource of 78.8Mt @ 0.74% Ni + 0.07% Co.

- A-Cap is currently advancing a Definitive Feasibility Study into development of a Ni-Co laterite operation taking advantage of new materials processing and refining technologies to supply critical materials to the global electric vehicle market.

- The Company is evaluating options for exploration at the Wiluna Nickel Project.

While the Company's firm focus remains on its two-stage gold development program to reach annualised production of 250,000oz per annum in 2024, the Wiluna project tenure is highly prospective for nickel and other critical battery metals, and the Company is committed to unlocking the significant value held in these high-quality exploration assets.

Wiluna Mining Corporation's tenure in the richly endowed Agnew-Wiluna greenstone belt comprises 40km of strike extent of the Perseverance ultramafic sequence that is prospective for tier-1 nickel-cobalt-platinum group element discoveries (Ni-Co-PGE). Wiluna Mining owns 100% of the mineral rights to Ni-Co-PGE sulphides in the project tenure.

The Agnew-Wiluna greenstone belt hosts world-class deposits including Honeymoon Well (BHP Group Ltd), Mount Keith (BHP) and Cosmos (Western Areas Ltd), all located in the southern Agnew part of the ultramafic belt where BHP holds the dominant position.

The northern ultramafics at Wiluna have not yet yielded similar economic discoveries, owing in part to the focus of previous operators on gold, and multiple changes in project ownership over the past 20 years. However, Ni sulphide was discovered at shallow depths at Bodkin prospect in 1995, with grades up to 2m @ 2.15% Ni + 1.00 g/t Pt + Pd. This discovery was followed up in 2005 with a scissor diamond hole that intersected 0.3m @ 6.64% Ni + 0.09% Co + 0.26% Cu, within a thermally eroded footwall basalt unit that is surrounded by an extensive zone of disseminated sulphide over 200m wide and up to 10m thick with lower tenor intersections. The discovery at Bodkin was the first recorded massive sulphide occurrence in the Wiluna ultramafics and greatly enhances the prospectivity of the immediate area and the ultramafic stratigraphy of the wider Wiluna district.

Additional prospects include Longbow, where the interpretation of geophysical magnetic features as being prospective komatiitic flows within a package of basalts and sulphidic sediments led to the recognition of potential for Kambalda-style discoveries. Elevated Ni grades up to 12m @ 0.62% Ni are associated with disseminated pyrrhotite-bearing magmatic sulphides.

In 2006, Independence Group Ltd joint ventured into the project, and in 2007 drilled 1m @ 6.38% Ni + 0.11% Co + 0.50% Cu + 2.48g/t Pt + Pd, 1m @ 2.67% Ni + 0.05% Co + 0.38% Cu + 0.14g/t Pt + Pd, and 0.25m @ 1.11% Ni + 0.57g/t Pt + Pd at Bodkin.

Despite the presence of numerous Ni sulphide occurrences, with the onset of the Global Financial Crisis in 2009 and lower metal prices, Independence Group withdrew from the joint venture, ownership of the project has changed hands several times and no further exploration has since been undertaken.

EXPLORATION PROGRAM

The Company is evaluating options to unlock value from the project, including an exploration program with the first steps being a detailed geophysical review of all Electromagnetic (EM) data previously acquired across the project to:

- Gauge effectiveness of past exploration with EM, with potential for re-interpretation of existing datasets given advances in EM data processing since data acquisition

- Identify areas to be surveyed or resurveyed with modern EM data acquisition systems Subsequently, an airborne EM survey over the entire project may proceed to:

o Detect massive Ni-Cu-Co-PGE sulphides in areas not previously tested
o Map the distribution of sedimentary sulphide horizons and potential points of interaction between such units and komatiite flows that could lead to sulphide formation

Since exploration has not advanced since 2009, opportunity lies in examining the exploration techniques previously employed and their relative effectiveness for discovery of highly conductive magmatic sulphide systems given technological innovation and mineral system knowledge advances since that time.

There are multiple generations of geophysical survey acquired over many of the known prospects prior to 2009.

For example, Agincourt Resources Ltd and Independence Group Ltd conducted multiple generations of EM survey between 2004 and 2008 (MLEM, FLEM, DHEM), where subsequently conductors either were modified with reprocessing, discounted, or confirmed with resurvey, and several were drilled without intersecting modelled conductors, leading to recommendations for resurvey. A critical review of all previous geophysical work is therefore intended before any further exploration activities are planned.

The geophysical review may, together with acquisition of a suitable modern airborne EM survey, serve two main aims:

1. Directly detect massive magmatic Ni-Cu-Co-PGE sulphides

2. Map in detail across the project:

I) magnetic stratigraphy potentially indicative of thick sequences of prospective ultramafic and komatiite rocks; and

II) regionally continuous conductive horizons potentially indicative of sulphide bearing sedimentary horizons below the komatiite sequences; and

III) any potential points of convergence between the komatiites and such stratigraphic sulphide bearing sedimentary sequences, giving the right geological environment for the formation of magmatic Ni-Cu-CoPGE sulphides.

Targets would then be followed up with a suitable ground-based EM survey, which may enhance detection of disseminated sulphides or detect plunging sulphide deposits at greater depths than airborne EM.

The Bodkin target with its known high-grade Ni sulphides (+Co-Cu-PGE) represents the highest priority for exploration. While there are untested geophysical conductivity targets at Bodkin, a detailed review of all geophysics is planned prior to any drilling. In addition, a modern ground-based EM survey may be completed to confirm whether the current conductors represent the core of the system or alternatively whether the best drill targets are located further along the Bodkin trend.

At Longbow, the presence of moderate tenor disseminated magmatic Ni-Co-Cu sulphides is significant as it shows the komatiite sequence is fertile and further komatiite horizons are yet to be tested. As discussed above, an airborne EM survey over the whole project area should serve to map the most prospective horizons.

NICKEL-COBALT LATERITE (WMC 80%)

In December 2018, WMC entered a Farm-in and Joint Venture agreement with A-Cap Energy Ltd (ASX release 20 December 2018) to explore and develop laterite deposits of Ni, Co and associated metals of the Wiluna NickelCobalt Project (Wilconi Project).

A-Cap as manager of the Joint Venture is currently drilling at the Project and advancing a Definitive Feasibility Study into development of a Ni-Co laterite operation to supply critical materials to the global electric vehicle market, taking advantage of new materials processing and refinery technologies in production of Ni and Co sulphate products used directly in battery manufacture.

Earn-in milestones of the Joint Venture are currently as follows:

1. 20% Initial Interest (completed) for payment of $2,800,000 cash to WMC.

2. 55% Participating Interest for 2a) payment of $500,000 cash to WMC on or before 20/12/2020 (completed), and 2b) project expenditure of not less than $5,000,000 on or before 20/12/2022 (pending).

3. 75% Participating Interest (pending) by completing prior to 20/4/2024,
3a) a Definitive Feasibility Study,
3b) payment of $1,000,000 cash to WMC, and
3c) within 30 days of completing the Definitive Feasibility Study issuing to WMC $1,500,000 value in A-Cap shares.

In September 2019, A-Cap Energy updated the laterite Resource Estimate to 78.8Mt @ 0.74% Ni and 0.07 % Co, including a high-grade Co zone of 29Mt @ 0.11% Co (ASX ACB release 17 September 2019). Significant opportunities exist to expand and upgrade the resource from Inferred to Indicated category with further drilling underway in 2021.

To view full release, tables and figures, please visit:
abnnewswire.net

About Wiluna Mining Corporation Ltd

Wiluna Mining Corporation (ASX:WMC) (OTCMKTS:WMXCF) is a Perth based, ASX listed gold mining company that controls over 1,600 square kilometres of the Yilgarn Craton in the Northern Goldfields of WA. The Yilgarn Craton has a historic and current gold endowment of over 380 million ounces, making it one of most prolific gold regions in the world. The Company owns 100% of the Wiluna Gold Operation which has a defined resource of 8.04M oz at 1.67 g/t au. In May 2019, a new highly skilled management team took control of the Company with a clear plan to leverage the Wiluna Gold Operation's multi-million-ounce potential.





Contact

Milan Jerkovic
Executive Chair
+61 8 9322 6418

Jim Malone
General Manager
Investor Relations
+61 419 537 714

Dannika Warburton
Media & Communications
+61 401 094 261

Link: Wiluna Nickel Project

Related Companies

Wiluna Mining Corporation Ltd

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To: LoneClone who wrote (7781)8/20/2021 10:15:50 AM
From: LoneClone
   of 7968
 
IGO/Western Areas confirm nickel deal rumours

miningweekly.com

19th August 2021

By: Esmarie Iannucci
Creamer Media Senior Deputy Editor: Australasia

PERTH (miningweekly.com) – Nickel miner Western Areas on Thursday confirmed that it was in preliminary discussions with fellow listed Independence Group (IGO) in relation to a change of control proposal.

IGO also confirmed the negotiations, but told shareholders that given the preliminary stage of these discussions, there is no certainty as to whether a definitive transaction will eventuate, or, as to the terms and conditions of any such transaction.

IGO at the start of this month made it clear that it was still open to nickel, copper and cobalt acquisitions, with CEO and MD Peter Bradford saying the company evaluates potential acquisition opportunities using a range of criteria, including commodities, jurisdiction, scale and mine life.

Western Areas holds a number of producing nickel assets in Western Australia, and in 2022 the miner expects to produce between 16 000 t and 17 000 t of nickel in concentrate at unit costs of between A$4.25/lb and A$4.65/lb.

Western Areas is expected to spend between A$150-million and A$170-million next year on the development of Odysseus, where first concentrate production remains on track for late in the 2022 calendar year.

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From: LoneClone8/20/2021 11:47:14 AM
   of 7968
 
Nickel: Procurement race heats up as LG Chem signs offtake with Australian Mines

roskill.com

Posted 19th August 2021 in ?Industry news.
By Jack Anderson

LG Chem, through its subsidiary LG Energy Solution (LGES), has announced it has entered into a deal with Australian Mines for mixed nickel-cobalt hydroxide from its Sconi project. As part of the deal, LGES will purchase 71kt Ni and 7kt Co in the form of mixed hydroxide product (MHP) from Australian Mines for a six-year period, starting from the end of 2024. The company expects the offtake quantities covered by the offtake agreement to represent 100% of the projected future production of Sconi. As part of the arrangement, Australian Mines must secure financing for the construction of the Sconi project on or before 30 June 2022.


Roskill View

The Sconi project is being developed in Greenvale, Queensland, Australia and is wholly owned by Australian Mines. In June 2019, as part of an update to the 2018 bankable feasibility study (BFS) for the Sconi project, Australian Mines explored the possibility of producing over 1.4Mt of nickel sulphate over a 30-year operation. More recently, the company had also been assessing the potential for adding further value by producing a nickel-cobalt-manganese precursor cathode active material (PCAM) owing to demand from a number of prospective offtakers.

The offtake agreement for MHP that the company now has in place with LGES, however, means that original plans to produce more downstream products such as nickel sulphate or PCAM no longer seem necessary. Given the high demand for battery-grade nickel and cobalt intermediates from third-party producers of nickel sulphate in Asia, there is greater requirement for a focus on products like MHP and MSP. Despite these products having lower added-value, producing an MHP would simplify the operation, lowering costs, and avoid the stringent quality assurance process required to market a nickel sulphate product. This development could pave the way for similar moves by other prospective Australian nickel producers that have been plagued by high-costs associated with designing fully integrated nickel sulphate projects.

For LGES, the deal with Australian Mines represents its second recent business in Australia. In June 2021, LGES made an investment in and secured an offtake agreement with Queensland Pacific Metals (QPM), another prospective Australian producer of battery-grade nickel and cobalt products, from its Townsville Energy Chemicals Hub (TECH) project also in Queensland.

Nickel and cobalt are critical raw materials for the clean energy transition. Roskill forecasts the demand for nickel and cobalt chemicals will grow by over 500% and 100%, respectively, between 2021 and 2030. Such rapid growth will be largely underpinned by the uptake of electric vehicles (EVs) and increased adoption of nickel and cobalt in EV battery cathodes.

The Australian nickel industry has seen a flurry of business deals so far in 2021. One of LG Chem’s customers, Tesla, recently announced that it had secured a long-term offtake agreement for nickel from BHP Nickel West’s operation. Seemingly eager to source nickel that is unlikely to attract similar ESG supply chain scrutiny compared to Southeast Asian material, these companies are increasingly locking in supply from alternative sources, including Australia. The race to secure battery-grade nickel units is intensifying.

Roskill published its Nickel: Outlook to 2030 and Nickel Sulphate: Outlook to 2030 reports in April. The reports highlight the latest developments to supply and demand as well as forecasts for stainless steel and battery markets. Roskill’s array of Nickel offerings also include Roskill’s Nickel Sulphate Cost Model Service and Nickel Sulphate Sustainability Monitor.


Contact the author This article was written by Jack Anderson. Please get in touch below if you wish to discuss further:

Contact the author


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To: LoneClone who wrote (7783)8/23/2021 2:33:21 PM
From: LoneClone
   of 7968
 
Quebec Nickel Engages Geotech Airborne Geophysical Surveys

newsfilecorp.com

Vancouver, British Columbia--(Newsfile Corp. - August 23, 2021) - Quebec Nickel Corp. (CSE: QNI) ("Quebec Nickel Corp." or the "Company") is pleased to announce the signing of a contract with Geotech Airborne Geophysical Surveys ("Geotech") to conduct a 1,479-line kilometre VTEMTM system survey over the Company's Ducros Nickel-Copper-PGE Prospect. For further details on the size and scope of the 2021 exploration program, please see the Company's August 4, 2021 press release for more information.

David Patterson, Chairman of Quebec Nickel, noted that, "The VTEMTM versatile helicopter time-domain EM system is the most widely used electromagnetic system currently in operation, with nearly 3M line-km flown to date globally. The VTEMTM System owes its popularity to its proven success rate for the widest variety of mineral deposit types, including VMS base metal, orogenic & epithermal Gold and most importantly for Quebec Nickel, its success in aiding Magmatic nickel-copper-PGE exploration."

The airborne survey is expected to commence as soon as the VTEMTM system becomes available. Once the final data and report is received from Geotech, it is intended that there will be follow-up ground truthing, "boots on the ground" prospecting, "beep-mat" and sampling program over the defined "priority" EM targets prior to the end of the 2021 summer-fall field program.

Currently, exploration activities on the Ducros Prospect include till sampling and overburden stripping of the various nickeliferous areas. The summer/fall field program results will provide the necessary data to design a winter 2021 drill program.

Highlights on the Ducros Prospect

Within the Company's Ducros Prospect, there is a Ni-Cu-PGE showing (the "Pyroxenite Showing"), hosted in an ultramafic sill-like intrusion (interpreted as dunite). The Pyroxenite Showing is exposed at a surface over 24 by 58 metres. A series of well-mineralized gossans, located along the eastern flank of the outcrop, host abundant pyrrhotite and chalcopyrite. Five grab samples were collected in the Autumn of 2004 from the area of the Pyroxenite Showing. The best results were from Sample 116101, which yielded 0.67 gpt Au, 1.46 % Cu, 0.49% Ni, 0.86 gpt Pt, and 1.79 gpt Pd. The southern part of the exposed pyroxenite body was channel sampled in August 2007. The 5.08 m channel yielded 1.30% Cu, 0.42% Ni, 0.55 gpt Au, 0.75 gpt Pt, and 0.83 gpt Pd.

In the central part of the Property, the Ducros Sill, an ultramafic body that intrudes mafic metavolcanic rocks poor in sulphide, also carries anomalous nickel values. The Ducros Sill is 3 kilometres long and up to 600 metres wide, and hosts historically reported Ni values in drill hole intersections. In 1987 Abitibi Resources Ltd. reported the following values from drill holes: DU 87-05: 193m of 0.177% Ni, DU 87-06: 67m of 0.17% Ni and DU 87-07: 134m of 0.15%Ni (GM47268).

Qualified Persons

The technical content of this release has been approved for disclosure by Alain-Jean Beauregard, P. Geo. (OGQ # 227) and Daniel Gaudreault, P. Eng. (OIQ #39834), of Geologica Groupe-Conseil Inc., a Qualified Person as defined by NI 43-101. Alain-Jean Beauregard, P. Geo. (OGQ # 227) and Daniel Gaudreault are independent of the Company and are not employees of the Company or hold securities of the Company.

About Geotech Ltd.

Geotech is a privately owned company incorporated in 1981, with its corporate headquarters and research and development facility in Aurora, Ontario, Canada. Geotech specializes in airborne geophysical survey mapping, data processing and data interpretation. Geotech operates globally and has more than 20 aircrafts with offices in Australia, Brazil, Barbados, Ghana and South Africa. Geotech holds patents worldwide for the exclusive designs of the VTEM™ and ZTEM™ systems. Additional information on Geotech is available at www.geotech.ca.

About Quebec Nickel Corp.

Quebec Nickel Corp. is a mineral exploration company focused on acquiring, exploring, and developing nickel projects in Quebec, Canada. The Company has 100% interest in our Ducros Group Property, consisting of 239 contiguous mining claims covering 12,818.63 hectares within the Abitibi region in Quebec, Canada. Additional information on Quebec Nickel Corp. is available at www.quebecnickel.com.

On Behalf of the Board of Directors, QUEBEC NICKEL CORP.

"David Patterson, CEO"

For further information, please contact: Elyssia Patterson, CFO

Tel: +1 (778) 683 4324

Email: info@quebecnickel.com

Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the CSE policies) accepts responsibility for this release's adequacy or accuracy.

Forward-Looking Statements

This news release contains statements that constitute "forward-looking statements". Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause Quebec Nickel's actual results, performance or achievements, or developments in the industry to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects," "plans," "anticipates," "believes," "intends," "estimates," "projects," "potential" and similar expressions, or that events or conditions "will," "would," "may," "could" or "should" occur.

Although Quebec Nickel believes the forward-looking information contained in this news release is reasonable based on information available on the date hereof, by their nature, forward-looking statements involve assumptions, known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements.

The forward-looking information contained in this news release represents the expectations of the Company as of the date of this news release and, accordingly, is subject to change after such date. Readers should not place undue importance on forward-looking information and should not rely upon this information as of any other date. While the Company may elect to, it does not undertake to update this information at any particular time except as required in accordance with applicable laws.

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To: LoneClone who wrote (7784)8/23/2021 2:34:40 PM
From: LoneClone
   of 7968
 
Nickel’s becoming a battleground for bets on battery future

miningweekly.com

23rd August 2021

By: Bloomberg

The race to supply automakers with nickel to power their batteries is pitting two of the biggest names in mining against each other.

A company owned by Australian iron-ore billionaire Andrew Forrest signaled its refusal to back down after a proposal to buy Canadian nickel developer Noront Resources was trumped by the world’s biggest miner, BHP. And Forrest has been busy back home too: Australian nickel producer Western Areas -- which announced this week it’s in takeover talks with a local rival -- revealed Friday the tycoon has become a substantial shareholder.

Nickel, traditionally used to make stainless steel, is taking center stage in the mining industry’s push into the booming battery metal space. A key component in lithium-ion batteries, it’s a favorite talking point of Elon Musk, who appealed to producers last year to “please mine more nickel.” The metal packs more energy into batteries and allows producers to reduce use of cobalt, which is more expensive and has a less transparent supply chain.

The fight over nickel mines comes at a pivotal time for the industry. Plans by China’s Tsingshan Holding Group to make battery-grade metal from materials previously reserved only for stainless steel have sparked fears of a market flood. Yet some analysts and investors have questioned whether the process will be accepted by increasingly eco-conscious automakers.

For BHP, the focus on nickel represents a sharp turnaround from less than a decade ago. The company had planned to exit the nickel business to focus on other commodities, and put its Nickel West unit in Australia up for sale in 2014. Today, BHP has identified the metal as one of its priority “future facing” commodities as the company shifts away from fossil fuels.

Last month, it announced that it’s signed a nickel-supply deal with Tesla Inc. to sell metal from Nickel West. And a week later, it announced a $260-million offer to gain control of Noront’s rich nickel and copper deposit, with the backing of the smaller company’s board.

Forrest’s Wyloo Metals, which has amassed a stake of about 25% of Noront and holds a convertible loan, said Thursday it will refuse to sell its shares to BHP, setting the businessman up as a future -- and potentially difficult -- partner. He also suggested he could return with an increased competing offer if Noront were prepared to open its books for due diligence. (Noront retorted Friday it’s already offered to do so if Wyloo signs a confidentiality pact.)

It’s not clear what Forrest’s plans are for the Western Areas investment. But he’s got a track record of getting under the feet of established players -- he made his fortune taking on BHP in Western Australia, when his Fortescue Metal Group burst on to the scene during the height of the last commodity super cycle. Since then, he’s created an iron-ore giant to challenge the traditional Australian duopoly of BHP and Rio Tinto Group.

Forrest has long signaled he’s interested in battery metals and has expressed ambitions to get into the business for at least half a decade. In fact, he got his start in mining in nickel, working at Anaconda Nickel where he was developing the Murrin Murrin mine in Australia before being ousted in 2001.

“While Fortescue Metals is an iron-ore miner, the very name tells us that he always had bigger plans,” said Tom Price, head of commodities strategy at Liberum Capital.

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To: LoneClone who wrote (7785)8/24/2021 1:52:05 PM
From: LoneClone
   of 7968
 
Class 1 Nickel Announces Execution of Definitive Agreement to Acquire Strategic Portfolio of Mineral Claims in Ontario and Quebec

globenewswire.com

August 23, 2021 17:06 ET | Source: Class 1 Nickel and Technologies Limited

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES OF AMERICA

TORONTO, Aug. 23, 2021 (GLOBE NEWSWIRE) -- Class 1 Nickel and Technologies Limited (CSE: NICO/ OTCQB: NICLF) (the “Company” or “Class 1 Nickel”) is pleased to announce that it has entered into a definitive agreement with Platinum Group Elements Limited (“PGEL”) providing for the acquisition (the “Acquisition”) by the Company of a strategic project portfolio of adjacent and adjoining claims to the Company’s Alexo Dundonald project in Timmins, Ontario, as well as adjacent and adjoining claims to the Company’s Somanike project in Quebec, and a complimentary primary PGE project in Sudbury Ontario (collectively, the “Properties”). The consideration for the Acquisition consists of a cash payment of Cdn$550,000 and the issuance of an aggregate of 10,000,000 common shares of the Company.

Pursuant to the Acquisition, the Company will acquire a 100% legal and beneficial interest in the Properties, subject to a 2% net smelter returns royalty on certain claims known as the Timmins claims, River Valley claims and Metals Creek claims, and a 2% gross metal royalty on certain claims known as the Bilson Cubric claims.

PGEL is a private company controlled by a significant shareholder of the Company. Accordingly, the Acquisition will be a “related party transaction” under Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions (“MI 61- 101”). The Company is relying upon the exemptions from the formal valuation and minority shareholder approval requirements of MI 61-101 contained in Sections 5.5(b) and 5.7(1)(a) of MI 61-101 in respect of related party participation in the Acquisition as the Company is listed on the Canadian Securities Exchange and neither the fair market value (as determined under MI 61-101) of the subject matter of, nor the fair market value of the consideration for, the Acquisition, insofar as it involves the related parties, exceeded 25% of the Company's market capitalization (as determined under MI 61-101).

The Acquisition remains subject to the satisfaction of various closing conditions and the receipt of all applicable approvals.

About Class 1 Nickel

Class 1 Nickel and Technologies Limited (CSE: NICO/OTCQB: NICLF) is a Mineral Resource Company focused on the development of its 100% owned Alexo-Dundonald Property, a portfolio of komatiite hosted magmatic nickel-copper-cobalt sulphide Mineral Resources located near Timmins, Ontario. The Company also owns the Somanike komatiite-hosted nickel-copper sulphide property in Quebec, which includes the famous Marbridge Nickel Mine.

For more information, please contact:
David Fitch, President
T: 011 +61 400.631.608
E: dfitch@class1nickel.com

For additional information please visit our website at www.class1nickel.com and our Twitter feed: @Class1Nickel.

Neither the Canadian Securities Exchange nor its regulation services provider has reviewed or accepted responsibility for the adequacy or accuracy of this press release.

Forward Looking Statements – Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties, including risks related to the satisfaction of all outstanding closing conditions for the completion of the Acquisition, the prospective nature of the Properties, currency risk, availability of capital, permitting and land title issues, the risks inherent in mineral exploration and development activities, and such other risk factors as are set forth in the Company’s continuous disclosure documents available on SEDAR from time to time. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of the Company. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. The Company disclaims any obligation to update the forward-looking statements contained herein other than as required under applicable securities laws.







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    To: LoneClone who wrote (7786)8/24/2021 2:11:26 PM
    From: LoneClone
       of 7968
     
    Blackstone Minerals increases Ban Phuc resource confidence on intersecting 375 metres of nickel sulphide from 2 metres

    Results from the final infill drilling program at Ban Phuc deposit will be incorporated into an updated resource estimate and form the basis of an updated mine plan to be included in the upcoming UBU PFS.

    proactiveinvestors.com.au


    Blackstone Minerals Ltd ( ASX:BSX, OTCQX:BLSTF, FRA:B9S) has intersected 375 metres of nickel sulphide from 2 metres at the Ban Phuc DSS deposit within the wider Ta Khoa Nickel-Copper-PGE Project in northern Vietnam, demonstrating the large bulk tonnage potential.

    The company has been undertaking a final infill drill program and has received some of the best, broad intersections at the deposit to date, including:

    • 374.7 metres at 0.3% nickel (Ni), 0.01% copper (Cu), 0.01% cobalt (Co) and 0.07 g/t platinum group elements (PGE) from 2 metres, including 49 metres at 0.45% Ni, 0.04% Cu, 0.01% CO and 0.17 g/t PGE from 2 metres;
    • 211.38 metres at 0.43% Ni, 0.03% Cu, 0.01% Co and 0.13 g/t PGE from 111.62 metres, including 52.24 metres at 0.74% Ni, 0.11% Cu, 0.01% Co and 0.31 g/t PGE from 241 metres;
    • 156.25 metres 0.50% Ni, 0.07% Cu, 0.01% Co and 0.15 g/t PGE from 79.75 metres, including 31.05 metres at 0.75% Ni, 0.14% Cu, 0.01% Co and 0.26 g/t PGE from 83.75 metres; and
    • 169 metres at 0.43% Ni, 0.04% Cu, 0.01% Co and 0.15 g/t PGE from 62 metres, including 10.3 metres at 1.13% Ni, 0.18% Cu, 0.02% Co and 0.48 g/t PGE from 98 metres.
    BSX plans to assess mining scenarios as part of the upstream business unit (UPU) pre-feasibility study and results from this infill drilling bode well for the potential to increase mining inventory at Ban Phuc.



    Results increase confidence

    Speaking to the results, Blackstone Minerals’ managing director Scott Williamson said: “The high tenor of results from the final infill drilling program increases the confidence of the resource at Ban Phuc, and the mine plan that will underpin Blackstone’s UBU PFS.

    “In the relatively short amount of time since acquiring the Ta Khoa Nickel-Copper-PGE Project, Blackstone has been able to define a large, disseminated sulphide deposit which considerably adds to the security of supply for the company’s vertically integrated downstream refinery.”

    Ban Phuc has an indicated mineral resource of 44.3 million tonnes at 0.52% nickel for 229,000 tonnes of nickel and an inferred resource of 14.3 million tonnes at 0.35% for 50,000 tonnes.

    Results from the infill drilling at Ban Phuc deposit will be incorporated into an updated resource estimate and form the basis of an updated mine plan to be included in the UBU PFS.

    Shares have jumped more than 7% at the opening to A$0.455 and the company's market cap pre-open was approximately A$141 million.

    PFS set for release later this year The UBU PFS, scheduled for release later this year will contemplate the option to mine several higher-grade massive sulphide vein (MSV) deposits.

    These deposits have the potential to reduce initial upfront capital requirements for the UBU by enabling Blackstone to restart the existing Ban Phuc Concentrator (450,000 tonnes per annum).

    By combining the company's existing mineral inventory (Ban Phuc Disseminated Sulphide - DSS), exploration potential presented by high priority targets such as Ban Chang, King Snake and Ta Cuong, and the ability to source third-party concentrate, Blackstone will be able to increase the scale of its downstream business to cater to the rising demand for downstream nickel products.

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    To: LoneClone who wrote (7787)8/24/2021 2:27:16 PM
    From: LoneClone
       of 7968
     
    Nickel Creek Platinum Provides Update on Exploration Program

    newswire.ca

    Nickel Creek Platinum Corp. Aug 23, 2021, 07:00 ET

    TORONTO, Aug. 23, 2021 /CNW/ - Nickel Creek Platinum Corp. (TSX: NCP) ("Nickel Creek" or the "Company") is pleased to announce the completion of its 2021 exploration drilling and geophysics program at its Nickel Shäw Project in Canada's Yukon Territory. The program included 12 holes with a total of approximately 1,300 metres of drilling at the Arch and Burwash targets which were identified from the 2020 geophysics program, the results of which were previously announced. Borehole and localized ground-based, electromagnetic geophysics were completed on four of this year's 12 holes. Samples will now be prepared for delivery to the assay laboratory. The results, including analytical results, of the full field exploration program are expected to be completed and released during the fourth quarter of 2021.

    About Nickel Creek Platinum Corp.

    Nickel Creek Platinum Corp. (TSX: NCP; OTCQB: NCPCF) is a Canadian mining exploration and development company and its flagship asset is its 100%-owned Nickel Shäw Project. The Nickel Shäw Project is a large undeveloped nickel sulphide project in one of the most favourable jurisdictions in the world, with a unique mix of metals including copper, cobalt and platinum group metals. The Nickel Shäw Project has exceptional access to infrastructure and is located three hours west of Whitehorse via the paved Alaska Highway, which further offers year-round access to deep-sea shipping ports in southern Alaska. The Company's vision is to create value for its shareholders by becoming a leading North American nickel, copper, cobalt and PGM producer. The Company is also investigating other opportunities for shareholder value creation.

    Scientific and Technical Information

    The scientific and technical information disclosed in this news release was reviewed and approved by Cam Bell, an independent geologist on a consulting retainer contract with the Company, and a "Qualified Person" as defined in National Instrument 43-101 – Standards of Disclosure for Mineral Projects.

    Cautionary Note Regarding Forward-Looking Information

    This news release includes certain information that may be deemed "forward-looking information". Forward-looking information can generally be identified by the use of forward-looking terminology such as "may", "will", "expect", "intend", "believe", "continue", "plans" or similar terminology, or negative connotations thereof. All information in this release, other than information of historical facts, including, without limitation, statements with respect to the Company's 2021 drilling and geophysics program, the timing of results, and general future plans and objectives for the Company and the Nickel Shäw Project, are forward-looking information that involve various risks and uncertainties. Although the Company believes that the expectations expressed in such forward-looking information are based on reasonable assumptions, such expectations are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking information.

    For more information on the Company and the key assumptions, risks and challenges with respect to the forward-looking information discussed herein, and about our business in general, investors should review the Company's most recently filed annual information form, and other continuous disclosure filings which are available at www.sedar.com. Readers are cautioned not to place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

    SOURCE Nickel Creek Platinum Corp.

    For further information: Nickel Creek Platinum Contact: Stuart Harshaw, President & Chief Executive Officer, 1-416-304-9318, sharshaw@nickelcp.com

    Related Links www.nickelcreekplatinum.com

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    To: LoneClone who wrote (7788)8/24/2021 2:34:52 PM
    From: LoneClone
       of 7968
     
    Noble Acquires 50% Interest in Claims in Carnegie, Kidd, Wark and Prosser Townships near Timmins, Ontario

    thenewswire.com

    Toronto, Ontario - TheNewswire - August 24, 2021 - Noble Mineral Exploration Inc. (“Noble” or the “Company”) (TSXV:NOB) (FRANKFURT:NB7) (OTC:NLPXF) is pleased to announce that it has entered into a Purchase and Sale Agreement in a 50/50 partnership with 11530313 Canada Inc (“11530313”) to acquire 310 patented and tenure identified mining claims (the “Claims) in Carnegie, Kidd, Wark and Prosser Townships totaling about 6,600 hectares formerly held by Explor Resources, a wholly owned subsidiary of Galleon Gold Corp. (“Galleon”).

    Pursuant to the terms of the Agreement, 11530313 has paid $250,000 to Galleon, and Noble is required to issue to Galleon 2,000,000 common shares of Noble (the “Noble Shares”). At closing, Noble and 11530313 will each have a 50% ownership of the Claims. The transaction is subject to the approval of the TSX Venture Exchange and subject to approval of the Board of Directors of Noble. The Noble Shares will be subject to a four month hold period under applicable Canadian securities laws.

    The Claims cover volcanic rocks of the Kidd Munro assemblage that have been periodically intruded by Nickel Copper (“Ni-Cu”) bearing mafic to ultramafic intrusions. This assemblage hosts one of the world’s largest volcanogenic massive sulphide (“VMS”) deposit at Kidd Creek approximately 3 km to the south and Ni-Cu deposits such as Enid Creek in Loveland Twp., and the Crawford Nickel-Cobalt-Palladium deposit in Crawford Twp. The Kidd Creek Mine has produced in excess of 150 million tonnes of copper and zinc ore since 1966. The area is thus highly prospective for both Ni-Cu and VMS deposits. Like other prospects in the Timmins region, the area is covered by thick glacial till and conductive clays (up to 50 m) that hampered earlier exploration efforts.

    Vance White, CEO and President of Noble commented. “We are very pleased to partner with 11530313 in order to be able to acquire an interest in the Explor lands in Carnegie and Kidd Townships to further consolidate our Project 81 holdings. The proximity of the ground to the prolific Kidd Creek Mine will make it a valuable asset in the extensive stable of Noble properties in the Timmins area. A thorough review of historic and recent work carried out on these patented and regular claims will take place followed up by additional exploration work. Further, we welcome Galleon as a significant Noble shareholder.”

    Michael Newbury PEng (ON), a "qualified person" as such term is defined by National Instrument 43-101, has verified the data disclosed in this news release, and has otherwise reviewed and approved the technical information in this news release on behalf of Noble.

    About Noble Mineral Exploration Inc.:

    Noble Mineral Exploration Inc. is a Canadian-based junior exploration company which, in addition to its shareholdings in Canada Nickel Company Inc., Spruce Ridge Resources Ltd. and MacDonald Mines Exploration Ltd., and its interest in the Holdsworth gold exploration property in the area of Wawa, Ontario, holds approximately 72,000 hectares of mineral rights in the Timmins-Cochrane areas of Northern Ontario known as Project 81. Project 81 hosts diversified drill-ready gold, nickel-cobalt and base metal exploration targets at various stages of exploration. More detailed information is available on the website at www.noblemineralexploration.com .

    Noble’s common shares trade on the TSX Venture Exchange under the symbol “NOB”.

    Cautionary Statement:

    Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

    The foregoing information may contain forward-looking statements relating to the future performance of Noble Mineral Exploration Inc. Forward-looking statements, specifically those concerning future performance, are subject to certain risks and uncertainties, and actual results may differ materially from the Company’s plans and expectations. These plans, expectations, risks and uncertainties are detailed herein and from time to time in the filings made by the Company with the TSX Venture Exchange and securities regulators. Noble Mineral Exploration Inc. does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events or otherwise.

    Contacts:

    H. Vance White, President

    Phone: 416-214-2250

    Fax: 416-367-1954

    Email: info@noblemineralexploration.com

    Investor Relations

    Email: ir@noblemineralexploration.com

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    From: LoneClone8/25/2021 10:07:57 AM
       of 7968
     
    Lower output puts strain on nickel producer Western Areas

    miningweekly.com

    24th August 2021

    By: Esmarie Iannucci
    Creamer Media Senior Deputy Editor: Australasia

    PERTH (miningweekly.com) – Nickel miner Western Areas on Tuesday reported lower earnings for the 2021 financial year ended June, on the back of decreased nickel production.

    Nickel production for the full year was down to 16 180 t, from the 20 926 t reported in the previous financial year, with sales volumes declining from 19 857 t to 15 509 t in the same period, resulting in revenues for the full year declining from A$308.3-million to A$257.1-million.

    Earnings before interest, taxes, depreciation and amortization for the year declined from A$121.8-million to A$73.5-million, with Western Areas reporting a net loss after tax of A$7.7-million, compared with a net profit after tax of A$31.8-million in the previous corresponding period.

    The company told shareholders that the 2021 financial year marked the transition towards production from the long-life Odysseus mine, at Cosmos, which was on track to produce its first ore in the first quarter of the 2022 financial year.

    However, operations at Forrestania were impacted by unplanned geotechnical and geological challenges being encountered at the Flying Fox mine and its Spotted Quoll mine respectively. However, Western Areas noted that the Forrestania mining team was able to reset the mine plan and deliver a much improved second half of the financial year, delivering into the updated production and cost guidance range.

    “I am proud of the professional and resilient performance of the technical team, which successfully overcame the mine production difficulties encountered in the first half to enable the improved second half production and costs performance,” said Western Areas MD Dan Lougher.

    “Ultimately it was this turnaround that allowed us to deliver into updated guidance for 2021.

    “At Odysseus, our new long life mine continues to advance towards production of first ore in this September quarter, which will mark a very significant milestone in its expected 10-plus-year mine life. Odysseus remains one of the few long-dated supplies of nickel sulphide to enter the market in the coming years, just as the electric vehicle (EV) market continues to drive nickel demand for delivery into the EV battery supply chain.”

    Looking at the 2022 financial year, Western Areas is expecting to produce between 16 000 t and 17 000 t of nickel in concentrate, with cash costs of production estimated at between A$4.25/lb and A$4.65/lb.

    Western Areas earlier this month flagged preliminary discussions with fellow listed Independence Group (IGO) in relation to a change of control proposal, after IGO earlier made it clear that it was still open to nickel, copper and cobalt acquisitions.

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