Pivotal Metals

Metallurgical Testwork Program Commences at Horden Lake

Pivotal Metals Limited (ASX:PVT) (‘Pivotal’ or the ‘Company’) is pleased to provide the assay results of three further drill holes / 580.2 metres from the 2024 diamond drilling program, and the commencement of a metallurgical testwork program at its 100% owned Horden Lake Project in Quebec, Canada.


Highlights

  • Testwork program commencing immediately with receipt of samples at Blue Coast Research laboratories
    • Testwork aims to produce a final copper and nickel concentrate via conventional sulphide flotation.
    • Variability and composite samples spatially distributed across the Horden Lake deposit.
  • Historical testwork programs confirmed high metal recoveries from both sequential and bulk rougher flotation, before any optimisation work.
  • Infill drilling in the open-pit zone confirms continuity of mineralisation, primarily drilled to contribute large diameter sample for testwork.
    • Over 47 metres of cumulative above cut-off mineralisation drilled in HN- 24-105, including
      • 13.7m @ 0.79% CuEq1 from 137m.
      • And 12.2m @ 0.7% CuEq from 156m, incl 2.3m @ 2.22% CuEq.
      • And 14.9m @ 1.08% CuEq from 226m, incl 5.3m @ 1.53% CuEq.
    • 5.3m @ 2.09% CuEq from 121.9m in HN-24-109
      • Within wider 16.5m @ 0.93% CuEq from 119m.
  • Metallurgical testwork will be followed by a resource update in Q4 2024.
  • Over 50% of the metres and holes drilled in 2024 remain pending, including multiple step-out and DHEM results across zones of open mineralisation.

Managing Director, Mr Fairhall said:

“The commencement of the metallurgical testwork program is an important milestone for Pivotal. It will build on previous testwork campaigns which have shown high sulphide recoveries via conventional flotation techniques. This program will allow us to optimise a flow sheet to deliver maximum metal recoveries into concentrates which yield the highest possible payability – not only for copper, but also for the nickel, PGM, precious metals and cobalt which we are demonstrating through drilling to exist across the entire deposit.

The reported drill holes show continuity of mineralisation in the shallow open pit area, selected to ensure we collected a spatially representative sample for the testwork.

Overview

Horden Lake is a copper dominant Cu-Ni-Au-PGM-Co Project located 131km north-northwest of Matagami, in Quebec Canada. The Project hosts an indicated and inferred mineral resource estimate of 28mt at 1.5% CuEq, as a result of over 52,464m of drilling previously completed on the property. Pivotal has recently completed a 7,097m / 34 hole diamond drilling campaign of which 2,749m / 13 holes have been reported prior to this announcement.

The objectives of the drilling program were to infill missing by-product multi-element assay information, target resource expansion potential (which remains open at depth across its full extent) and collect a distribution of metallurgical sample for a complete test work program. Downhole EM surveys have also been completed to dimension future exploration potential and targeting.


Click here for the full ASX Release

This article includes content from Pivotal Metals, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.

PVT:AU
The Conversation (0)
Glowing periodic table detail highlighting nickel.

Nickel Price Update: Q1 2025 in Review

Nickel prices have largely trended down since breaking US$20,000 per metric ton in May 2024.

The decline has been attributed to refined nickel oversupply, driven by high output from Indonesia, which mined an estimated 2.2 million metric tons of nickel in 2024 and accounted for more than 50 percent of global output.

The threat of US tariffs has also weighed heavily on markets that are reliant on nickel and its downstream products, such as the stainless steel and electric vehicle battery industries.

These factors pushed nickel to five year lows in the US$15,000 range in Q1.

Keep reading...Show less
FPX Nickel (TSXV:FPX)

FPX Nickel


Keep reading...Show less
Diagonal rows of nickel rolls.

Top 3 ASX Nickel Stocks of 2025

With its diverse applications in both technology and industry, nickel is a metal that will never go out of style.

Nickel is commonly used in alloys to create stainless steel, but more recently has found a modern use: batteries. As the electric vehicle trend gains steam, the base metal is in high demand for its role in lithium-ion batteries.

Nickel has encountered much volatility in the past few years. After spiking to record highs in 2022, the nickel price has been on a downward trend on oversupply from top-producing country Indonesia and economic uncertainty dampening demand.

Tariffs could further disrupt the nickel market going forward, but whether that's to the upside or the downside remains to be seen.

Against that backdrop, some Australian nickel companies are still making moves. Here the Investing News Network has listed the top nickel stocks on the ASX by year-to-date gains. Data was gathered using TradingView's stock screener on April 9, 2025, and all companies had market caps above AU$5 million at that time. Read on to learn more about them.

Keep reading...Show less

Latest Press Releases

Related News

×