Working Towards Nickel-Cobalt Sulfide Production
This Class 1 Nickel & Technologies profile is part of a paid investor education campaign.*
Class 1 Nickel & Technologies (CSE:NICO) is a Canadian resource company focused on the development of its 100 percent-owned Alexo Dundonald Project, which includes two past-producing high-grade nickel sulfide mines in Ontario.
The Alexo-Dundonald project is a past production operation (with historical 2.0 – 4.00 percent nickel head grade) with two high-grade nickel sulfide deposits with combined NI 43-101 and historical resources containing nickel-copper-cobalt-platinum and palladium. The project is located approximately 45 kilometers from Timmins, Ontario, a world-class mining jurisdiction with processing plants available in the area.
The Alexo-Dundonald project hosts total indicated mineral resources of 571,700 tonnes at an average grade of 0.77 percent nickel plus mineral inferred resources of 67,200 tonnes at an average grade of 0.63 percent nickel. Moving forward, Class 1 Nickel intends to leverage modern exploration techniques and technologies in order to continue to increase the primary NI-43-101 mineral resource calculations on the way towards establishing a Preliminary Economic Assessment (PEA).
The Alexo and Kelex Mineral Resources extend along strike and depth and down plunge and will be extension drilled to add more tonnage to the current NI 43-101 Mineral Resource estimate. The majority of drilling and mining in the past 30 years has been shallow work (less than 100 m vertical depth below surface). The great bulk of the 20 km2 property surrounding the Alexo mine area remains untested by drilling and geophysics.
Class 1 Nickel is focused on bringing the Alexo-Dundonald project back into production while continuing to drill at Dundonald in order to improve its understanding of mineralization in the area.
Class 1 Nickel’s Company Highlights
- Flagship Alexo-Dundonald project is located 45 kilometers from the historic mining town of Timmins, Ontario which hosts critical infrastructure nearby
- Alexo-Dundonald project comprises four nickel-copper-cobalt sulfide projects, the Alexo, Kelex, Dundonald North and Dundonald South deposits
- A past production operation (with historical 2.0 – 4.00 percent nickel head grade) with two high-grade NI 43-101 nickel sulfide Mineral resources that remain open at depth and along strike (Ni-Cu-Co-PGEs)
- Assembled a strategic land package that combines the Alexo-Kelex deposits with the contiguous Dundonald projects
- Stable mining jurisdiction of Ontario provides the company with mining-friendly policies and stable governmental support
- Ontario ranked as Canada’s second-most mining-friendly jurisdiction according to the 2019 Fraser Institute annual survey of mining companies
- Insiders at Class 1 Nickel hold approximately 70 percent of shares
Class 1 Nickel’s Alexo-Dundonald Project
Class 1 has assembled several highly sought after and difficult to find komatiite-hosted Nickel-Copper-Cobalt sulfide Mineral Resources into one valuable 20km2 land package. The company’s Timmins projects envelope a large “Z‟-shaped komatiite fold (komatiite rocks are a type of ultramafic volcanic rock that contain nickel sulfide) hosted in a mixed group of The Kidd-Munro assemblage rocks (OGS 1991).
Class 1 Nickel’s flagship Alexo-Dundonald project comprises the Alexo, Kelex, Dundonald North & Dundonald South Nickel deposits. The NI-43 101 compliant resource established on Alexo-Kelex includes 571,700 tonnes of indicated resources grading 0.77 percent nickel, 0.04 percent copper, 0.03 percent cobalt, 0.03 g/t platinum, and 0.06 g/t palladium and 67,200 tonnes of inferred mineral resources. Class 1 Nickel has identified two zones of mineralization on the property to date, the Alexo Main zone and the Alexo East zone.
Historical Exploration and Production
First Nickel Inc. first conducted exploration work at Dundonald in 2004, conducting the diamond drilling of 178 holes totaling 30,452.5 meters in addition to borehole geophysics, geological mapping, ground geophysical surveys, minor surface mechanical stripping and environmental work. The drilling outlined eight east-west nickel-bearing sulfide zones in the Dundonald South area, defined at shallow levels (> 200 meters depth). Most of the the lenses are open at depth and along strike. Historical Mineral Resources of 750,000 tonnes @ 1.50% Nickel Sulfide reported by Falconbridge have been estimated in the past, with future plans to confirm and extend the zones to a NI 43-101 compliant Mineral Resource Estimate. Fresh, high grade Ni-Cu-PGE sulfide mineralization has been trenched at surface by Hucamp Mines. A selected Hucamp Mines sample of the mineralization returned 34.82% Ni, 0.30% Co, 3.7 g/t Pt, 5.8g/t Pd, 0.90 g/t Au, 0.44 g/t Os, 0.47 g/t Ir, 0.84 g/t Rh and 2.4 g/t Ru. These grades are historic and have not been verified by an Independent Qualified Person.
Dundonald North is a nickel zone located 2.2 kilometers away from the Alexo deposit. The zone has been traced along strike for 800 m and to a depth of 700 m below surface with the best zone of mineralization found in the center of the channel returning historical grades up to 3.04 percent nickel.
Class 1 Nickel’s Management Team
Benjamin H. Cooper—President
22 years of frontline capital market experience. Raised over $200m for public companies and responsible for financing, administration, marketing and management of public companies. Expertise in exploration management, resource development, and PFS mine study operations for nickel, copper, and iron ore assets.
Tony Donaghy, BSc (Hons), P.Geo — Principal Geological Consultant
Internationally recognized in the global search for nickel, copper, cobalt and PGEs, Tony began his career with the Falconbridge Exploration team in Sudbury, ON, prior to joining CSA Global (an ERM Group Company) was the Global Commodity Leader for Nickel and Platinum with Anglo-American Exploration, responsible for the technical oversight of all Anglo-American nickel exploration activity globally.
Dr. Danielle Giovenazzo, PhD, P.Geo — Specialist Geological Technical Advisor
Highly regarded nickel expert with 30 years focused on nickel, copper and PGE sulfide projects, she worked with Falconbridge, Xtrata Nickel, Castillian Resources and as Director of Newgenco Pty Ltd covering brownfield, greenfield and continental scale project generation projects in North America, South America, West Africa, northern Europe and Australia.
Dr. Martin Tuchscherer, PhD, P.Geo — Specialist Geological Technical Advisor
Seasoned and successful professional geoscientist with over 20 years experience across multiple commodities, Martin participated in the discovery and definition drilling of the Black Thor and Black Label chromitite deposits of the Ring of Fire in Ontario. He also actively participated over several years in Ni-Cu-PGE grassroot and near mine exploration on the Nunavik Nickel Project with Canadian Royalties Inc. He helped with the discovery of the Lynx gold deposit with the Osisko Mining exploration team on the Windfall Lake project. He recently helped with the discovery of the Patwon gold showing on the Elmer Property in the Baie-James region of Quebec with Azimut Exploration.
CEO & joint major shareholder of the Fitch Group, a property development and investment company in Australia. Extensive experience in strategic planning, commercial negotiations, business operations, and asset management. A major shareholder in QEM Limited, a company with one of the largest vanadium resources in the world. Investor in Central Laboratories Ltd, a producer of items for the firefighting and dust suppressants markets. Director of DBRB Property Group a company that manages a diverse portfolio of other investments.
Director with 25+ years’ management experience within mining and technology sectors for government, public and private sectors. A deep connection to high technology and implementation. An In-demand executive management level turnkey consultant, specializing in operational efficiency and economic optimization to customers including Microsoft, Macquarie, HP, as well as State and Federal government agencies in Australia and Singapore.
Partner of the law firm Colby Monet LLP, in Montreal, Quebec. Mr. Crevier is a member of the Barreau du Quebec and has practiced as a lawyer since 1975, primarily in the area of commercial law, assisting public and private companies in the natural resource and technology sectors. Mr. Crevier has acted as a director for Goldstar Minerals Inc., a TSX Venture-listed issuer, since September 2016.
Aamer Siddiqui—Director & CEO
Manager of Financial Reporting as MSSI a qualified Chartered Professional Accountant and Chartered Accountant. With 10+ years’ experience as a CFO, Aamer provides financial and management advisory services to public companies Mr Siddiqui specializes in accounting, budgeting, tax, and assurance advice services. Serving a number of exploration and mining companies listed on the CSE, TSX, and TSX-V, Mr. Siddiqui leverages his skills and experience to provide integration for reporting issuers.
Monique Hutchins—Corporate Secretary
Managing Director of DSA Corporate Services Inc. and has over 15 years of corporate secretarial, corporate governance, client relationship, and marketing experience. She was previously the Director of Business Development & Marketing and Corporate Secretary at Independent Review Inc., the organization that runs Independent Review Committees that is a part of the governance structure of every investment fund in Ontario. She also held senior roles at Kingsdale Shareholder Services and Institutional Shareholder Services.
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