ASO peer comparison

Canada Nickel is an ideal company to research and use as a comparison to the future of Aston minerals.

Canada Nickel is located in Timmins which is 60km north of Aston minerals.

Canada Nickel CEO Mark Selby presents in many of the Nickel interviews with Crux posted in the media thread. Very experienced and knowledgeable gentleman that provides good Insight to the Nickel market.

Below is an announcement from Canada Nickel MRE then their updated resource.

As you can see this is a low grade, large scale resource which is gaining alot of attention (recent significant investment) as a significant feedstock to the battery mineral Nickel shortage and an answer to Non - ESG compliant companies dominated by Asia.

Canada Nickel MRE Feb 2020

Maiden resource with higher grade core of measured and indicated resource of approximately 263 million tonnes at 0.31% nickel, 0.013% cobalt, and 0.038 g/t Pd + Pt within an overall measured and indicated resource of approximately 600 million tonnes at 0.25% nickel, and 0.013% cobalt, and an additional higher grade inferred resource of approximately 66 million tonnes at 0.29% nickel and 0.013% cobalt within an overall inferred resource of approximately 310 million tonnes at 0.23% nickel and 0.013% cobalt.

Based on metrics utilized by Wood Mackenzie and SNL, the Crawford Nickel-Cobalt Sulphide Project already ranks as one of the largest 12 nickel sulphide resources globally according to WoodMac (Table 2).

Significant potential to expand resources as drilling has only tested <20% of the overall Crawford structure and maiden resource remains open in multiple directions.

Updated resource Jan 2023

Updated mineral resource estimate more than doubles Measured & Indicated resources to 1.4 billion tonnes at 0.24% nickel plus a further 670 million tonnes of Inferred resources at 0.23% nickel.

In less than three years from initial discovery, we believe Crawford has quickly become the fifth largest nickel sulphide resource globally