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Nickel sulphide explorer Nordic Nickel Limited (ASX: NNL; Nordic, or the Company) is pleased to report further significant assay results received from drilling completed at its 100%-owned flagship Pulju project, situated in Northern Finland (Pulju, or the Project) within the Central Lapland Greenstone Belt (CLGB). The Company completed 28 diamond drill-holes for 15,432m as part of its maiden drilling program at the Project.
HIGHLIGHTS
- Assays from seven (7) diamond drill-holes return further wide intersections of disseminated nickel sulphide mineralisation, with discrete higher grade zones.
- Assay highlights:
- 117.9m @ 0.22% Ni from 4.1m incl 2m @ 0.60% Ni from 96m; and
- 98m @ 0.21% Ni from 216m; and
- 85m @ 0.22% Ni from 349m; and
- 95.9m @ 0.20% Ni from 442m incl 1.5m @ 0.86% Ni from 504m in HOT013.
- 103.2m @ 0.19% Ni from 37.55m in HOT019.
- 86.8m @ 0.22% Ni from 15.2m in HOT007.
- 72.4m @ 0.18% Ni from 126.4m; and
- 60.3m @ 0.16% Ni from 243.6m; and
- 33m @ 0.23% Ni from 425m incl 2m @ 0.50% Ni from 452m; and
- 42m @ 0.26% Ni from 472m incl 4.15m @ 0.58% Ni from 483m in HOT012.
- 32.5m @ 0.24% Ni from 103.5m incl 2m @ 0.53% Ni from 132m in HOT011.
- 117.9m @ 0.22% Ni from 4.1m incl 2m @ 0.60% Ni from 96m; and
- Partial leach assaying confirms the predominance of nickel sulphide in the assays received to date.
- Results confirm the vast nickel sulphide system at Hotinvaara and the potential for a substantial increase in the current Mineral Resource Estimate (MRE) at Hotinvaara (133.6Mt @ 0.21% Ni, 0.01% Co).
- Hotinvaara Prospect represents just 2% of the total prospective mineralised belt within the broader Pulju Project.
- Assay results pending for an additional 14 drill-holes from the Phase 1 drilling program at Hotinvaara. Updated MRE scheduled for completion by the end of 2023.
New assays have been received for diamond drill-holes HOT007, HOT008, HOT009, HOT011, HOT012, HOT013 and HOT019, which targeted extensions to the current MRE and associated geophysical anomalies. Results have further confirmed and significantly expanded the footprint of disseminated nickel sulphide mineralisation at the Hotinvaara prospect (Figures 1 and 2; Table 1). On the basis of the assays received to date and logging of all the completed drillholes, the Company is optimistic about the potential to substantially increase the Mineral Resource Estimate (MRE) at Hotinvaara, which currently stands at 133.6Mt @ 0.21% Ni, 0.01% Co1.
Figure 1. Collar plan showing Nordic’s drilling (green dots) and historical drilling (black dots). Drill-holes reported in this release highlighted in green text. Composite assay intersections highlighted (cut-off:>1,500ppm Ni-total; max. 6m internal dilution). Cross-sections A – A’, B – B’, C – C’, D – D’ and E – E’ see Figs. 3 – 7. Background image: TMI magnetics.
Management Comment
Nordic Nickel Managing Director, Todd Ross, said: “The maiden drill program at Hotinvaara is continuing to deliver outstanding results, with extremely wide zones of disseminated nickel mineralisation encountered in almost every hole drilled. The sheer scale and extent of the deposit is what stands out from these drillholes. HOT013 was a particular standout, intersecting multiple intervals of above cut-off nickel sulphide mineralisation over a cumulative thickness of 428m within 538m of surface.
“Also of note is the discrete higher grade zones, with grades of up to 0.86% Ni in HOT013. This shows the potential of the system to carry higher grades, and an encouraging sign for our ongoing exploration at Hotinvaara. If we can vector into larger accumulations of higher grade massive sulphides that are known to be present in the system, that will be a game-changer for the project.
“We are looking forward to receiving the balance of assays for the outstanding 14 drillholes over the next month. In the meantime, work has already started on the MRE upgrade, which we plan to complete by the end of this year.”
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NNL:AU
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
Click here to connect with Ni-Co Energy Inc. to receive an Investor Presentation