MT Survey Outlines Large Undrilled Conductive Anomalies and an Extensive Host Horizon at BAGB

Pivotal Metals Limited (ASX:PVT) (‘Pivotal’ or the ‘Company’) is pleased to provide results and interpretation from the magnetotelluric (“MT”) survey conducted across the Alotta and Midrim areas of its 100% owned Belleterre Angliers Greenstone Belt “BAGB” projects in Quebec, Canada.

Highlights

• MT survey identifies large conductive anomalies below the shallow Midrim and Alotta discoveries, where historical intersection highlights include:
  • 9.4m @ 3.5% Ni, 4.3% Cu and 4.6g/t 2PGM+Au from 56.6m in MR-17-01¹
  • 4.3m @ 6.5% Ni, 5.2% Cu and 7.2g/t 2PGM+Au from 57.2m in MR-00-05¹
  • 9.2m @ 2.6% Ni, 2.8% Cu and 3.6 g/t 2PGM+Au from 85.2m in ZA-18-08²
• Extensive mafic intrusive contact ‘host horizon’ successfully mapped in 3D across the entire survey area.
  • The prospectivity of this host horizon is validated by its coincidence with the high grade discoveries at Alotta and Midrim.
  • Location and orientation of the interpreted structures further supports prospectivity of the targets identified.
• Small fraction of this host horizon has been tested by drilling at surface, and not drill tested at depth.
• Important targets now identified for follow-up work, which will include historic VTEM reinterpretation prior to drill testing.
• Survey area is only 5% of Pivotal’s 100% owned 157km2 BAGB project which hosts a large number of near surface, high grade intersections, showings, and geophysical anomalies requiring follow-up exploration.

Managing Director, Mr Fairhall said:

“This MT survey is an exciting enhancement in the understanding of the opportunity at BAGB. It supports the geological model that Midrim and Alotta are indicators of an extensive magmatic intrusion which acted as the plumbing system for these high grade surficial deposits. The survey allows us to map this prospective horizon and highlight prospective conductors as targets for sizeable accumulations of sulphide mineralisation.

It is clear that previous operators had a narrow focus on specific shallow anomalies, and that the property remains wide open for discovery potential – significantly accumulations at depth, but also for on strike surficial repeats of Midrim and Alotta.

We are advancing our target prioritisation to design a program to drill test these anomalies, alongside others on the remainder of the very prospective 100% owned claim package we have assembled at BAGB.”

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