Upcoming Exploration and Development Work Program Outlined for Quebec Battery Metals Project

Pivotal Metals Limited (ASX:PVT) (‘Pivotal’ or the ‘Company’) is pleased to announce an extensive work program planned over the next 12 months on its 100% owned Horden Lake and BAGB battery metals projects in Quebec, Canada.

• Up to 8,000 metre diamond drill campaign at Horden Lake commencing January 2024
  • Targeting deposit grade increase by collecting Au, Ag, Pt and Co byproduct assay data not currently included in the 27.8mt at 1.49% CuEq JORC
  • Targeting deposit tonnage increase by potentially extending mineralisation into open areas adjacent to, and below, the current resource envelope
  • Resource update to following drilling and assay release through through Q2 2024.
• Downhole geophysical survey of the Horden Lake deposit, to be completed in January 2024.
  • EM method to target massive sulphide bodies that sit outside the currently defined mineralised envelope, both at depth and along strike.
  • Technique not used by prior operators, despite clear suitability.
  • Results expected in time to support drill targeting.
• Deep geophysics at the BAGB Project during Q4 2023.
  • Magnetotellurics (MT) selected as an ideal method to target deeper mineralised magmatic feeder systems below 300m overlooked by previous operators but considered highly prospective based on Pivotal’s geophysical reviews.
• Metallurgical testwork program for Horden Lake, commencing as early as Q4 2023
  • Mineralogy, comminution and flotation testwork suite to optimise the flowsheet for recovery and payability and define parameters for use in future economic studies.
• Engineering and environmental studies to develop a robust and optimised long term execution plan for Horden Lake.
• The Company has $5.5m cash2, and consistent news-flow is expected as the Company executes its work programs across its properties.

Managing Director, Mr Fairhall said:

“We are poised to execute the largest and most comprehensive work program on our Canadian portfolio since acquisition. Shareholders can expect consistent news flow as we execute our strategy across our projects.

At Horden Lake we are looking to advance the project on all fronts. We already see clear potential for grade and tonnage improvements which drilling will target, and we are excited about potential for downhole geophysics to highlight further upside. In parallel we are ensuring we are well prepared with metallurgical, engineering, environmental data necessary to further advance the project.

At BAGB, we are making use of modern low-cost exploration techniques to target a discovery of scale. With exceptional grades of Ni-Cu-PGM already discovered in shallow gabbroic intrusions, your Company will target a broader intrusive magmatic complex believed to have acted as a feeder zone. The very high Ni-Cu-PGM grades seen in core provide encouraging potential for substantially more massive and semi-massive sulphide accumulations nearby which we will target with the planned MT survey."

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