CuFe Limited’s multi-commodity exposure offers a compelling diversified investment opportunity into high-growth markets.
CuFe Limited (ASX:CUF) is a multi-commodity exploration and development company with interest in a number of projects situated throughout mature mining jurisdictions in Western Australia and the Northern Territory. The company's value proposition is predicated on its high-grade mature copper/gold project at Tennant Creek as well as its exposure to iron ore, gold and niobium. Its exploration portfolio includes mature copper targets at Tennant Creek and greenfield exploration ground near WA1's recent niobium discovery.
CuFe’s Tennant Creek project hosts a mineral resource estimate of 10.35 million tons (Mt) at 1.5 percent copper and 0.9 grams per ton (g/t) gold for 159 kt copper and 302 koz gold. CuFe currently owns a 55 percent interest in over 240 kilometres of the highly-prospective tenure in the Northern Territory.
CuFe's near-term plan for the mine involves a staged cutback of the Orlando open pit to gain access to an ore supply for fast start options.
CuFe is also evaluating the Yarram project, as its proximity to the Darwin port gives it the potential for low OPEX.
CuFe is led by a highly experienced management team adept at identifying opportunities, making discoveries, evaluating and developing projects and maintaining operations. The team is led by executive director Mark Hancock, who has 25 years experience in resource projects across a variety of commodities in senior finance, commercial and marketing roles.
CuFe’s Tennant Creek project is located in the highly prospective Gecko-Goanna copper-gold corridor of the Northern Territory. A mature project comprising three high-grade copper and gold mineral resources, it contains a combined JORC 2012 mineral resource of 10.35 MT at 1.53 percent copper and 0.9 g/t gold for 159 kt copper and 302 koz gold. Highly-prospective for further resource growth from resource extensions and new discoveries, Tennant Creek is also located near grid power, a gas pipeline, the Stuart highway and the rail line to Darwin.
The area where Tennant Creek is hosted is a re-emerging mineral field with recent neighbouring exploration success from companies such as Emmerson Resources (ASX:ERM) and Tennant Minerals (ASX:TMS). Near-mine targets include the potential to extend resources and open enrichment within the Orlando and Gecko structural corridors. Emmerson Resources, CuFe and Tennant Minerals formed a strategic alliance to collaborate on copper, gold and critical metals development opportunities in the Tennant Creek Region of the Northern Territory. This alliance aims to assess the development options including the viability of a single multi-user processing facility in the high- grade region.
The current focus for Tennant Creek is to identify and drill high-potential exploration targets with a view to growing the resource base while considering a staged cutback of the existing Orlando open pit to gain access to an ore supply for a fast start option.
Through wholly owned subsidiary Jackson Minerals, CuFe has a 20 percent interest in roughly 800 square kilometres of highly-prospective tenements proximal to the former Sandfire Resources' (ASX:SFR) Doolgunna project and Degrussa copper gold mine, as well as several other prominent gold and copper prospects. Collectively known as the Bryah Basin JV projects, the tenements are currently subject to joint ventures and farm-ins with several companies. The most prominent of these is the Morck Well project, which is under an exploration licence with Auris Minerals (ASX:AUR) alongside the Forrest project.
The Morck Well project tenements cover an area of 600 square kilometres in the highly-prospective region, which has also been recognized to have high iron ore potential and this now comprises the company’s Robertson Range iron ore project
The North Dam project is roughly 50 kilometres south-southeast of the township of Coolgardie and in close proximity to the Wattle Dam, Spargos Reward and Lady Allison gold deposits
To date, work on the project has focused on lithium and rare earth potential but the focus of future exploration will be gold.
The 100 percent owned Tambourah Tenure is a prospective exploration with known gold occurrences. Located roughly 90 kilometres south of the Pilgangoora and Wodgina lithium complexes, and 175 kilometres south of Port Hedland, the project was historically explored for gold and contains known gold occurrences within alluvial material and reef systems. Current work on the project to date has involved geological mapping and rock chip sampling.
The 100 percent owned West Arunta project consists of four tenements located in the highly-prospective region of the same name. The tenure is known to be prospective for carbonatite-hosted niobium and rare earth element mineralization and has IOCG potential. Spanning roughly 250 square kilometres, it is located approximately 70 kilometres north of several prominent recent discoveries by WA1 and ENC.
CuFe has recently completed native title arrangements to commence work in the ground and this is expected to occur during the 2025 field work season for the region (April to November). In the meantime Southern Geoscience Consulting has undertaken a geophysical review of publicly available airborne magnetic data for the tenements including re-processing of said data and 3D unconstrained inversion modeling. Analysis of the total magnetic imagery revealed three anomalous areas across the package, resulting in nine target anomalies for further investigation and exploration.
The Yarram iron ore project is a mature development opportunity with the potential for low-cost production. CuFe currently holds a 50 percent interest in the project, which includes operatorship. Partially located on an existing mining lease on freehold land, Yarram has a high-grade DSO resource of 5.6 MT at +60 percent iron as well as a low-grade component of 7.1 Mt with the potential for beneficiation.
Situated 110 kilometres from Darwin Port and adjacent to underutilised mining infrastructure, Yarram also features favourable ore body geometry, with existing infrastructure and services contributing to its low capex and opex.
An initial diamond drilling program provided HG core from two deposits within the project.
Physical and thermal metallurgical testing confirms the generation of a lump product with roughly 41 percent yield, elevated gangue levels in the very fine fractions and acceptable thermal and materials handling properties, making it suitable as a blast furnace lump burden feed.
CuFe has also undertaken geotechnical testwork on the diamond drill core to provide parameters for pit optimizations and designs. Final pit shells and a high-level mine schedule have been developed for use in regulatory approvals.
The company has recently been granted a further tenement south of Yarram, known as Camp Creek which is prospective for iron ore and field work is planned for the current year.
Tony Sage is an entrepreneur with over 36 years of experience in corporate advisory services, funds management and capital raising, predominantly within the resource sector. He is based in Western Australia and has continued to be involved in managing and financing listed mining and exploration companies with a diverse commodity base.
Sage has developed global operational experience within Europe, North and South America, Africa, Oceania, Asia and the Middle East. He is currently non-executive chairman of ASX-listed Cyclone Metals Limited (ASX:CLE) and Executive Chairman of European Lithium (ASX:EUR) and NASDAQ listed Critical Metals Corp (NAS:CRML).
Mark Hancock has over 30 years’ experience in key financial, commercial and marketing roles across a variety of industries with a strong focus on natural resources. During his 13 years at Atlas Iron Ltd, Hancock served in numerous roles including CCO, CFO, executive director and company secretary. He has also served as a director on a number of ASX listed entities and is currently a director of Centaurus Metals Ltd and Strandline Resources Ltd.
Hancock holds a Bachelor of Business (B.Bus) degree, is a Chartered Accountant (CA) and is a Fellow of the Financial Services Institute of Australia (F FIN).
David Palmer is a geologist and company director with more than 38 years’ experience in the global exploration industry, the majority of his career has been with Rio Tinto Exploration focused on copper/gold, base metals, industrial minerals, uranium, iron ore, diamonds throughout Australia and the Asia/Pacific.
Amongst other senior positions, Palmer led the business development, mineral title and indigenous engagement functions and was part of the management team that discovered the world-class Winu Cu-Au deposit. He holds a Bachelor of Science (First Class Honours) from the University of Newcastle.
Scott Meacock has a wealth of experience as external counsel acting in, and advising on, complex corporate and commercial law transactions and disputes for clients in a wide range of industry sectors including natural resources and financial services.
Meacock currently serves as the chief executive officer and general counsel of the Gold Valley Group. He holds a Bachelor of Laws (LLB) degree and a Bachelor of Commerce (BComm) degree from the University of Western Australia.
Matthew Ramsden is an experienced geologist and project developer commencing his career in Tasmania before stints in the Pilbara with Rio Tinto and Atlas Iron, where he played a key role in the development and ramp-up of six iron ore mines.
He joined CuFe in 2021 to commence the JWD iron ore mine and now has oversight over the company’s exploration and development projects.
Ramsden is a member of the Australasian Institute of Geoscientists.
Siobhán Sweeney brings over 13 years’ geology experience to the CuFe team, from greenfields exploration to resource development with a strong focus on target generation and development of iron ore projects. During her eight years at Atlas Iron, Sweeney was instrumental in developing critical iron ore projects in the Pilbara such as Miralga Creek and Corunna Downs. Her background in managing complex and challenging exploration programs has been key to delivering successful projects.
Since joining CuFe in July 2021, Sweeney has been tasked with developing and implementing mine geology processes during the start-up phase of the JWD mine. Most recently she has delivered a successful exploration drill campaign to further define the Yarram iron ore deposit.
Sweeney is a member of the Australian Institute of Geoscientists and holds a Bachelor of Science degree (hons) in geology from the National University of Ireland Galway.
Multi-commodity exploration and development assets in Western Australia and Northern Territory with a focus on copper, gold, iron ore and niobium.
(TheNewswire)
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TORONTO TheNewswire - June 11, 2025 Noble Mineral Exploration Inc. (" Noble " or the " Company ") (TSXV: NOB) (OTCQB: NLPXF) is pleased to announce the initial mineral resource at Mann West as announced by its joint venture partner Canada Nickel in the East Timmins Nickel Company, operating in the Timmins area of Northern Ontario.
Noble CEO Vance White said "We congratulate our partner Canada Nickel on the work completed and the Initial Resource estimate for Mann West project in Mann Twp and we are very excited about the prospects for East Timmins Nickel along with the several additional projects to be included."
Highlights:
Mann West Significantly Larger than Initial Crawford Resource:
Indicated Resource of 0.4 billion tonnes grading 0.23% nickel containing 0.95 million tonnes of nickel
Inferred Resource of 0.6 billion tonnes grading 0.22% nickel containing 1.31 million tonnes of nickel.
Indicated resource of 397,000 ounces palladium and platinum and Inferred resource of 593,000 ounces of palladium and platinum
Exploration Target of an additional 0.5-1.0 billion tonnes grading 0.20-0.22% nickel
Mann West is the third of eight new nickel resources expected to be published in 2025
TORONTO, June 11, 2025 - Canada Nickel Company Inc. (" Canada Nickel " or the " Company ") (TSX-V:CNC) (OTCQB: CNIKF) today announced an initial mineral resource estimate (the "Mineral Resource Estimate" or "MRE") for its Mann West Nickel Sulphide Project ("Mann West") near Timmins, Ontario. Mann West is wholly owned by East Timmins Nickel Ltd. of which Canada Nickel owns 80% and Noble Mineral Exploration Inc. owns 20%.
The Mann West Nickel Sulphide Project is located just 21 kilometres east of the Company's Crawford Nickel Sulphide Project ("Crawford") and is more than twice the size of Crawford based on the outline of its geophysical target of 3.4 square kilometres. The area of the geophysical target covered by the Mann West resource represents approximately 40% of the total target area. The Mann West project is accessible year-round.
Mark Selby, CEO of Canada Nickel said, "Mann West marks a significant milestone with today's announcement, demonstrating a resource that surpasses the size and scale of our initial Crawford resource, and that validates our belief in the potential of the Timmins Nickel District. With a target footprint more than double Crawford's, Mann West is just the third of eight new mineral resources we expect to announce by the end of 2025, including two more this month."
Mann West Mineral Resource Estimate
For the initial Mineral Resource Estimate, a total of 16,833 metres of core drilling in 37 drill holes were utilized to calculate the Mann West Resources in two categories as provided in Table 1. Indicated Resources totalled 406 million tonnes grading 0.23% nickel, for a total of 0.95 million tonnes of contained nickel and Inferred Resources totalled 599 million tonnes grading 0.22% nickel, for a total of 1.31 million tonnes of contained nickel. The approximate dimensions of the resource are 1.9 kilometres long, 800 metres wide, extending to 500 metres deep and remaining open to the northwest and at depth. An additional 0.5 – 1.0 billion tonnes grading between 0.20% and 0.22% nickel remain as an Exploration Target, pending further drilling. This Exploration Target is based on core drilling by the Company, the geophysical survey on the Project, and the understanding and calculation of the current MRE. Within the resource, a PGM Zone containing an Indicated resource of 7.0 million tonnes grading 0.422 g/t palladium + platinum and an Inferred resource of 7.7 million tonnes grading 0.411 g/t palladium + platinum.
The Exploration Target was derived by modelling the identified nickel sulphide mineralization within the current estimation envelope but outside of the current Mineral Resource Estimate area.
The volume of the modelled Exploration Target area determines the potential tonnage statement in the Exploration Target. The grade range given in the Exploration Target is determined with consideration to the drill core results within the modelled Exploration Target area, consideration of the geological setting in a well understood nickel deposit type where grades are observed and well understood, and based on the experience of the Company and the Qualified Persons. The potential tonnages and grades are conceptual in nature and are based on drill holes and geophysical results that define the approximate length, thickness, depth and grade of the Exploration Target. There has been insufficient exploration to define a current mineral resource and the Company cautions that there is a risk that further exploration will not result in the delineation of a current mineral resource.
Drilling at Mann West was completed in 2023 and 2024. The 2024 campaign successfully completed the goal of infilling previous sections to allow for the definition of an initial mineral resource estimate, gain understanding on the geology of the deposit, as well as systematically collecting samples for mineralogical analysis that have started to help define the potential of nickel recovery (see May 13, 2024 news release).
The Mann West Mineral Resource Estimate was prepared by Caracle Creek International Consulting Inc. in accordance with CIM Estimation of Mineral Resources & Mineral Reserves Best Practice Guidelines (2019) and CIM Definition Standards for Mineral Resources & Mineral Reserves (2014). A Technical Report in support of the Mineral Resource Estimate will be filed on SEDAR+ ( www.sedarplus.ca ) within 45 days of this news release.
Table 1. Initial Total Mineral Resource Estimate (in-pit resources) for the Mann West Nickel Sulphide Deposit.
Class | Tonnage | Ni | Co | Fe | Cr | Pd | Pt | Ni | Co | Fe | Cr | Pd | Pt | |
Indicated | 406.1 | 0.23 | 0.012 | 6.5 | 0.32 | 0.018 | 0.013 | 949 | 49.1 | 26.4 | 1,283 | 231 | 166 | |
Inferred | 599.1 | 0.22 | 0.012 | 6.7 | 0.34 | 0.018 | 0.013 | 1,310 | 73.2 | 40.4 | 2,036 | 339 | 254 |
Table 2. Initial PGE Zone Mineral Resource Estimate (in-pit resources) for the Mann West Nickel Sulphide Deposit.
Class | Tonnage | Ni | Co | Fe | Cr | Pd | Pt | Ni | Co | Fe | Cr | Pd | Pt | |
Indicated | 7.0 | 0.04 | 0.007 | 5.6 | 0.40 | 0.238 | 0.184 | 2.7 | 0.5 | 0.4 | 27.9 | 53.4 | 41.4 | |
Inferred | 7.7 | 0.04 | 0.007 | 5.4 | 0.39 | 0.232 | 0.179 | 3.1 | 0.5 | 0.4 | 30.2 | 57.3 | 44.4 |
*Totals may not add due to rounding.
Notes to Table 1 and Table 2:
The independent Qualified Person for the Mineral Resource Estimate ("MRE"), as defined by National Instrument 43-101 ("NI 43-101"), is Dr. Scott Jobin-Bevans (P.Geo., PGO #0183), of Caracle Creek International Consulting Inc. The effective date of the Mineral Resource Estimate is May 30, 2025.
The quantity and grade of reported Inferred Resources in this MRE are uncertain in nature and there has been insufficient exploration to define these Inferred Resources as Indicated or Measured. However, it is reasonably expected that the majority of Inferred Mineral Resources could be upgraded to Indicated Mineral Resources with continued exploration.
A cut-off grade of 0.10% Ni was used to define potentially economic material for inclusion within the MRE. Cut-offs were determined on the based on core assay geostatistics and drill core lithologies for the deposit, and by comparison to analogous nickel deposit types.
Geological and block models for the MRE used data from a total of 37 surface drill holes, completed by Canada Nickel in 2023 and 2024. The drill hole database was validated prior to resource estimation and QA/QC checks were made using industry-standard control charts for blanks, core duplicates and commercial certified reference material inserted into assay batches by Canada Nickel and by comparison of umpire assays performed at a second laboratory.
Estimates have been rounded to two significant figures.
The MRE was prepared following the CIM Estimation of Mineral Resources Mineral Reserves Best Practice Guidelines (November 29, 2019) and the CIM Definition Standards for Mineral Resources Mineral Reserves (May 19, 2014).
The geological model as applied to the MRE comprises three mineralized domains hosted by variably serpentinized ultramafic rocks: a relatively higher-grade core (dunite), a lower grade (peridotite), and a PGE-rich pyroxenite "reef". Individual wireframes were created for each domain in Leapfrog Geo 2024.1 software.
A 20 m x 20 m x 15 m block model was created, and samples were composited at 7.5 m intervals. Grade estimation from drill hole data was carried out for Ni, Co, Fe, Cr, S, Pd and Pt using the Ordinary Kriging interpolation method in Isatis 2024.04 software.
The MRE has been constrained by a conceptual pit envelope that was developed using the following optimization parameters. Metal prices used were US$21,000/t nickel, US$40,000/t cobalt, US$325/t iron, US$3,860/t chromium, US$1,350/oz palladium, and US$1,150/oz platinum. Different pit slopes were used for each layer (in degrees): 9.5 in overburden, and 40.0 in mineralized rock, and 45 in waste rock. Exchange rate utilized was US$/C$ at $0.76. Mining costs utilized different values for overburden (clay, gravel), and rock mining, ranging from C$1.47 to C$3.53/t mined. Processing costs and general and administration costs for a 120 ktpd operation (similar to the ultimate scope of Crawford) were C$8.30/t. Based on the range of grade and ratio of sulphur to nickel, calculated recovery averages 45% for Ni, 7% for Co, 56% for Fe, 29% for Cr 45% for Pd and 28% for Pd.
Grade estimation was validated by comparison of input and output statistics (Nearest Neighbour and Inverse Distance Squared methods), swath plot analysis, cross-plots of declustered samples against the nearest OK estimate, and by visual inspection of the assay data, block model, and grade shells in cross-sections.
Density estimation was carried out for the mineralized domains using the Ordinary Kriging interpolation method, based on 1,740 specific gravity measurements collected during the core logging process, using the same block model parameters of the grade estimation. As a reference, the average estimated density value within dunite is 2.64 g/cm (t/m ), while the peridotite domain yielded an average of 2.74 g/cm (t/m ), and the PGE "reef" domain an average of 3.05 g/cm (t/m ).
Figure 1. Plan View of Mann West Nickel Sulphide Resources, Mann West Nickel Sulphide Project, Ontario.
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Figure 2. Plan View of the Mann West Resource Categories and Nickel Grade.
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Figure 3. Mann West Nickel Sulphide Project Long-Section (Looking North) of Resource Categories (TOP) and Nickel Grade (BOTTOM).
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Next Steps at Mann West:
A technical report with respect to the Mineral Resource Estimate disclosed today will be filed within 45 days.
Infill drilling at the property will aim to increase and upgrade inferred resources in the next drilling campaign.
Mineralogical and metallurgical analysis will continue to better understand and estimate metal recoveries.
Assays, Quality Assurance/Quality Control and Drilling
Edwin Escarraga, MSc, P.Geo., a "Qualified Person" within the meaning of NI 43-101, is responsible for the on-going drilling and sampling program, including quality assurance (QA) and quality control (QC). The core is collected from the drill in sealed core trays and transported to the secure core logging facility (core shack). The core is marked and sampled at 1.5 metre lengths and cut with a diamond blade saw. One set of samples is transported in secured bags directly from the Canada Nickel core shack to Actlabs Timmins, while a second set of samples is securely shipped to SGS Lakefield for preparation, with analysis performed at SGS Burnaby. All are ISO/IEC 17025 accredited labs and independent of Canada Nickel. Analysis for precious metals (gold, platinum, and palladium) are completed by Fire Assay while analysis for nickel, cobalt, sulphur and other elements are performed using a peroxide fusion and ICP-OES analysis. Certified standards and blanks (QA/QC samples) are inserted at a rate of three QA/QC samples per 20 core samples making a batch of 60 samples that are submitted for analysis.
Qualified Person and Data Verification
Stephen J. Balch (P.Geo. – Ontario), VP Exploration of Canada Nickel and a "Qualified Person" within the meaning of NI 43-101, has verified the data disclosed in this news release, and has otherwise reviewed and approved the technical information in this news release on behalf of Canada Nickel Company Inc.
The magnetic images shown in this news release were created from Canada Nickel's interpretation of datasets provided by the Ontario Geological Survey.
Canada Nickel Company Inc. is advancing the next generation of nickel-sulphide projects to deliver nickel required to feed the high growth electric vehicle and stainless-steel markets. Canada Nickel Company has applied in multiple jurisdictions to trademark the terms NetZero Nickel TM , NetZero Cobalt TM , NetZero Iron TM and is pursuing the development of processes to allow the production of net zero carbon nickel, cobalt, and iron products. Canada Nickel provides investors with leverage to nickel in low political risk jurisdictions. Canada Nickel is currently anchored by its 100% owned flagship Crawford Nickel-Cobalt Sulphide Project in the heart of the prolific Timmins-Nickel District. For more information, please visit www.canadanickel.com.
About Noble Mineral Exploration Inc.
Noble Mineral Exploration Inc. is a Canadian-based junior exploration company, which has holdings of securities in Canada Nickel Company Inc., Homeland Nickel Inc., East Timmins Nickel Inc.(20%), and its interest in the Holdsworth gold exploration property in the area of Wawa, Ontario.
Noble holds mineral and/or exploration rights in ~70,000ha in Northern Ontario, ~14,000ha elsewhere in Quebec and Newfoundland, upon which it plans to generate option/joint venture exploration programs .
Noble holds mineral rights and/or exploration rights in ~18,000 hectares in the Timmins-Cochrane areas of Northern Ontario known as Project 81, ~2,215 hectares in Thomas Twp/Timmins, as well as an additional 20% interest in ~38,700 hectares in the Timmins area and ~175 hectares of mining claims in Central Newfoundland. Project 81 hosts diversified drill-ready gold, nickel-cobalt and base metal exploration targets at various stages of exploration. Noble also holds ~4,600 hectares in the Nagagami Carbonatite Complex and its ~3,200 hectares in the Boulder Project both near Hearst, Ontario, as well as ~3,700 hectares in the Buckingham Graphite Property, ~10,152 hectares in the Havre St Pierre  Nickel, Copper, PGM property, and ~1,573 hectares in the Cere-Villebon Nickel, Copper, PGM property, ~569 hectare Uranium/Rare Earth property (Chateau) and a ~461 hectare Uranium/Molybdenum property (Taser North),  all of which are in the province of Quebec.
Noble's common shares trade on the TSX Venture Exchange under the symbol "NOB."
More detailed information on Noble is available on the website at www.noblemineralexploration.com .
Cautionary Note and Statement Concerning Forward Looking Statements
This press release contains certain information that may constitute "forward-looking information" under applicable Canadian securities legislation.  Forward looking information includes, but is not limited to, the potential of the Mann West Nickel Sulphide Project, timing for filing a technical report in support of the Mineral Resource Estimate, the significance of drill results, the ability to continue drilling, the impact of drilling on the definition of any resource, timing and completion (if at all) of additional mineral resource estimates, the potential of the Timmins Nickel District, strategic plans, including future exploration and development plans and results, and corporate and technical objectives.  Forward-looking information is necessarily based upon several assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information.  Factors that could affect the outcome include, among  others:  future prices and the supply of metals, the future demand for metals, the results of drilling, inability to raise  the money necessary to incur the expenditures required to retain and advance the property, environmental liabilities  (known  and  unknown), general business, economic, competitive, political and social uncertainties, results of  exploration programs, risks of the mining industry, delays in obtaining governmental approvals, failure to obtain  regulatory or shareholder approvals.  There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information.  Accordingly, readers should not place undue reliance on forward-looking information.  All forward-looking information contained in this press release is given as of the date hereof and is based upon the opinions and estimates of management and information available to management as at the date hereof.  Canada Nickel disclaims any intention or obligation to update or revise any forward-looking information, whether because of new information. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contacts:
H. Vance White, President
Phone:Â Â Â Â 416-214-2250
Fax:Â Â Â Â 416-367-1954
Email: info@noblemineralexploration.com
Investor Relations
Email: ir@noblemineralexploration.com  Â
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Questcorp Mining Inc. (CSE: QQQ) (OTCBB: QQCMF) (FSE: D910) ("Questcorp" or the "Company"), an emerging copper and gold exploration company, is pleased to announce the formation of an Advisory Board to support the Company's continued growth and development. The Company is also pleased to announce the appointment of Mr. Paul Larkin, a highly respected industry veteran in the public company sector, as its inaugural advisor.
Saf Dhillon, President and CEO of Questcorp, stated:
"We are thrilled to welcome an accomplished mining executive like Paul Larkin to the Questcorp team. His decision to join as an advisor is a strong endorsement of everything we've built to date. With Paul's experience and guidance, we aim to enhance shareholder value through the advancement of our highly prospective exploration projects in both Canada and Mexico."
About Paul Larkin
Paul Larkin has been President of the New Dawn Group, based in Vancouver, British Columbia, for over 42 years. New Dawn is an investment and financial consulting firm specializing in corporate finance, merchant banking, and the administrative management of public companies.
Prior to supporting numerous successful startups in the junior natural resource industry, Mr. Larkin worked as an investment banker, funding the early stages of several successful companies. Over the years, he has served as Lead Director, Director, and/or Officer of various TSX Venture, TSX, and NYSE-listed companies. Having guided many companies through their early growth phases, Mr. Larkin has earned a reputation for sharp business acumen, particularly in audit, compensation, and corporate governance roles.
He was also a Founding Partner, Director, and Chairman of the Audit and M&A Committees of U.S. Geothermal Inc. (NYSE: HTM), a leading geothermal renewable energy company that was acquired by Ormat Technologies Inc. (NYSE: ORA) in 2018 for an enterprise value exceeding US$200 million.
Mr. Larkin currently serves as a Director and Audit Committee member of Renewable Energy Royalties Corp. (TSXV: RE), Rev Exploration Inc. (TSXV: REVX), and Condor Resources Inc. (TSXV: CN), all based in Vancouver.
In connection with Mr. Larkin's appointment, the Company has granted him 200,000 incentive stock options exercisable at $0.205 per share for a period of five years, subject to the terms of the Company's stock option plan and the policies of the Canadian Securities Exchange.
About Questcorp Mining Inc.
Questcorp Mining Inc. is a copper and gold exploration company focused on the acquisition and development of mineral properties in North America. The Company's objective is to locate and develop high-quality precious and base metal properties. Questcorp holds an option to acquire a 100% interest in the North Island Copper Property (1,168.09 hectares) located on Vancouver Island, British Columbia, subject to a royalty obligation. Additionally, the Company holds an option to acquire a 100% interest in the La Union Project (2,520.2 hectares) located in Sonora, Mexico, also subject to a royalty obligation.
For further information, please contact:
Questcorp Mining Inc.
Saf Dhillon, President & CEO
Email: saf@questcorpmining.ca Website: https://questcorpmining.ca/
Tel: (604) 484-3031
Forward-Looking Statements:
This news release includes certain "forward-looking statements" within the meaning of applicable Canadian securities legislation. Forward-looking statements are based on a number of estimates and assumptions that, while considered reasonable, are subject to various risks, uncertainties, and other factors that could cause actual results to differ materially from those expressed or implied by such statements. Readers should not place undue reliance on forward-looking statements. The Company undertakes no obligation to update or revise any forward-looking statements, except as required by applicable law.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/255205
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