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Nickel exploration company Resource Mining Corporation Limited (ASX:RMI) (“RMC” or the “Company”) is pleased to announce that it has completed its maiden RC drilling program at its Kabulwanyele Project. The completed program comprised 19 holes for a total of 799m drilled.
Highlights
- Resource Mining Corporation (RMC) has completed its maiden drilling program at its Kabulwanyele Nickel Project in Tanzania.
- The completed program comprised of 19 holes for a total of 799metres, testing the depth extents of the Nickel laterite.
- Geological logging of the RC chips has indicated a saprolite profile present consistently throughout the project area.
- Collected samples will be prepared at a laboratory in Mwanza and shipped to ALS Chemex South Africa for analysis.
- The Company will undertake a gravity survey followed potentially by electromagnetic surveys. This work defines the size and extent of the mafic– ultramafic inlier at Kabulwanyele, and aids in the definition of other forms of Nickel mineralization.
Geological logging of the RC chips has identified a lateritic profile comprising intercepts of ferruginous layers, saprolite (highly weathered rocks), saprolitic rocks (moderately weathered rocks) and fresh rock. The thickness of the ferruginous layer combined with saprolite / saprolitic rock layers ranges between 5m to 50m. Most of the holes ended in fresh rock. The drill holes to the north have generally not ended in fresh rock due to groundwater inundation that the RC rig is unable to clear through increased air pressure – so those holes have ended predominantly in saprolitic rock.
The samples collected from the drilling program have been dispatched to Nesch Mintek Mwanza for preparation before being shipped to the ALS Chemex South Africa for analysis. The assay results are expected in the next two months.
Resource Mining Corporation’s Chairman, Asimwe Kabunga, said: “We are very pleased to have completed the drill program testing the Kabulwanyele mineralisation. Our Tanzanian in-country team completed the program on time and on budget. We look forward to releasing the assay results as soon as they become available.”
Upcoming exploration program
A gravity survey program has been proposed to determine the size and characteristics of the deeply buried mafic-ulframafic inlier that has been weathered to form the identified nickel laterite anomalies. The program will commence in the next two weeks. The Gravity survey has the potential to define further targets associated with primary magmatic sulphide mineralization, these can be followed up by a ground Electromagnetic (EM) survey that would aid in the identification of any conducting sulphide layers that may exist at depth. Any combination of targets identified by the Gravity and EM surveys would then be drill tested using deeper diamond drilling.
Kabulwanyele is a lateritic occurrence overlying a mafic-ultramafic layered intrusion. The nature of the exploration to date confirms the potential for both lateritic nickel zones as well as an underlying nickel-enriched source within the mafic-ultramafic inlier.
Figure 1: Map showing the completed drilling program over previous mapping and sampling.
Image 1: RC Chips from KBRC012
Background
The Project is located in the Mpanda District of Tanzania, approximately 35km from the eastern shore of Lake Tanganyika, with the area forming part of the western limb of the East African Rift systems.
As background, in 2021 the Company conducted a sampling program that included a systematic collection of 254 soil samples and 19 rock chip samples from all tenements at the Project.
This program delivered highly encouraging nickel and cobalt results and delineated a Nickel-Cobalt anomaly with a strike length of 2km as illustrated in Figure 2, which is broadly coincident with a historically mapped nickel laterite. All samples collected from this anomaly returned grades equal to, or exceeding, 500ppm Ni and 200ppm Co, with grades of up to 1.27% Ni tested in a rock sample, and up to 0.85% Ni in soils1.
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FPX Nickel Completes Production Run of Battery-Grade Nickel Sulphate to Support Discussions with Prospective EV Battery Supply Chain Partners
Overview
As described in the Company's October 15, 2024 news release, FPX completed a pilot-scale refining test program to advance the technical maturity of refining the Baptiste awaruite concentrate to nickel sulphate. This test program included continuous, pilot-scale leaching to produce low-impurity leach solution. A small portion of the leach solution was further advanced through purification and crystallization operations to nickel sulphate crystals to demonstrate the technical viability of the purification process. The remainder of leach solution was retained for future testing including continuous, pilot-scale processing of the purification and crystallization area, ensuring the final refinery strategy is supported by purification and crystallization requirements defined in collaboration with FPX Nickel's current and prospective downstream partners.
FPX recently re-engaged Sherritt Technologies Ltd. to conduct an additional nickel sulphate production run, building on Sherritt's successful completion of the previous pilot-scale refining test program. In the current testing campaign, a portion of this remaining leach solution has been processed to produce larger quantities of nickel sulphate crystals. As with previous testing campaigns, the quality of the produced nickel sulphate, presented in Table 1, meets the strict target specifications for battery applications. To further advance the produced qualification process, the nickel sulphate samples will be provided to prospective downstream partners to ensure the quality and suitability of the nickel sulphate for their battery manufacturing process. Figure 1 shows a portion of the nickel sulphate samples produced.
Table 2 – Baptiste Nickel Sulphate Crystal Quality vs. Target Specification
Qualified Person
The metallurgical information in this news release has been prepared in accordance with Canadian regulatory requirements set out in National Instrument 43-101: Standards of Disclosures for Minerals Projects of the Canadian Securities Administrators ("NI 43-101"). Testwork was supervised, reviewed, and verified by Kyle D. Marte, P.Eng., FPX Nickel's Director of Metallurgy and a "Qualified Person" as defined by NI 43-101.
About the Baptiste Nickel Project
The Company's Baptiste Nickel Project represents a large-scale greenfield discovery of nickel mineralization in the form of a sulphur-free, nickel-iron mineral called awaruite (Ni3Fe) hosted in an ultramafic/ophiolite complex. The absence of sulphur and our ability to connect to the BC Hydro grid means that Baptiste has the potential to be one of the lowest carbon-intensive nickel producers in the world and will produce a very high-grade product that does not require any intermediate smelting or complex refining. The Baptiste mineral claims cover an area of 453 km2 west of Middle River and north of Trembleur Lake, in central British Columbia. In addition to the Baptiste Deposit itself, awaruite mineralization has been confirmed through drilling at several target areas within the same claims package, most notably at the Van Target which is located 6 km to the north of the Baptiste Deposit. Since 2010, approximately US$55 million has been spent on the exploration and development of Baptiste.
FPX has conducted mineral exploration activities to date subject to the conditions of agreements with First Nations and keyoh holders.
About FPX Nickel Corp.
FPX Nickel Corp. is focused on the exploration and development of the Decar Nickel District, located in central British Columbia, and other occurrences of the same unique style of naturally occurring nickel-iron alloy mineralization known as awaruite. For more information, please view the Company's website at https://fpxnickel.com/.
On behalf of FPX Nickel Corp.
"Martin Turenne"
Martin Turenne, President, CEO and Director
Forward-Looking Statements
Certain of the statements made and information contained herein is considered "forward-looking information" within the meaning of applicable Canadian securities laws. These statements address future events and conditions and so involve inherent risks and uncertainties, as disclosed in the Company's periodic filings with Canadian securities regulators. Actual results could differ from those currently projected. The Company does not assume the obligation to update any forward-looking statement.
Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.
Ni-Co Energy Set to Mobilize Critical Minerals Exploration just 90 km from Montreal
Bilingual Corporate Video introducing Ni-Co Energy Inc.
Summer Field Program Priorities (June–July)
- Targeted prospecting of southwest TDEM conductors (Kremer-2)
To verify the presence of outcropping massive or semi-massive sulfides. - Prospecting of northeast TDEM conductors (Kremer-1 2)
To assess the nature of EM anomalies and any associated metallic indicators. - Analysis of residual conductors in the eastern portion
To refine the global geophysical model ahead of final drill target placement.
Updated Interpretation of the 420 Assays from 2023
The 420 samples from the 22 holes drilled in fall 2023 have been recalculated in terms of nickel equivalent (NiEq %), using metal prices as of May 22, 2025 (Ni = $7.0375/lb, Cu = $4.6559/lb, Co = $15.286/lb).
Indicator | Updated Result |
Samples > 0.5 % NiEq | 134 (≈ 32%) |
Samples > 1.0 % NiEq | 70 (≈ 17%) |
Maximum grade | 3.89 % NiEq |
Average grade (all samples) | 0.48 % NiEq |
These data confirm the presence of significant mineralization, which may be associated with a mafic intrusion interpreted from geophysical surveys. Magnetic, gravity, and EM data show remarkable alignment over 8 km, suggesting a highly favorable environment in the central block (Kremer-2) over a 3 km section — an ideal structural setting for the formation of thicker sulfide lenses.
Next Steps – The Company Anticipates Undertaking a Drill Program in the Fall
- Validate the position and dip of key targets through surface work.
- Mobilize two drill rigs in the fall to test the central fold hinge and associated deep conductors.
- Carry out borehole EM (BHEM) surveys after each drill hole to visualize the extension of mineralized zones or detect off-hole conductors.
Photos of the team, outcrops, and trenches will be shared regularly on the company website, as well as on Facebook, LinkedIn, and X during the campaign.
The scientific and technical information in this news release has been reviewed and approved by Marc Boivin, P.Geo., a Qualified Person under National Instrument 43-101.
About Ni-Co Energy Inc.
Ni-Co Energy Inc. is exploring the Kremer project, a mafic–ultramafic intrusion prospective for nickel, copper, and cobalt, advantageously located in southern Québec and supported by infrastructure and low-carbon hydroelectric power.
For further information, please contact:
Ni-Co Energy Inc.
info@nicoenergy.ca
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