Downhole geophysical survey of the Horden Lake deposit, to be completed in January 2024. o EM method to target massive sulphide bodies that sit outside the currently defined mineralised envelope, both at depth and along strike. o Technique not used by prior operators, despite clear suitability. o Results expected in time to support drill targeting
Catalysts and Work Program The Company has commenced an extensive work program on its Canadian Cu-Ni-PGM projects, with the majority of focus on its 100% owned Horden Lake project, which already hosts a 28mt at 1.5% CuEq inferred and indicated resource1.
Key catalysts over the next 2-3 quarters are as follows: 8,000m diamond drilling on Horden Lake, targeting grade and tonnage upside. Downhole EM survey at Horden Lake, targeting massive sulphide extensions below open mineralisation. Metallurgical testwork to optimise a flowsheet for maximum net smelter return from contained metals. Horden Lake resource update. Geophysics results from BAGB surveys recently completed, and ongoing interpretation and targeting.
+ 6 Mill cash
