Magna Mining Announces Initial Mineral Reserves for the McCreedy West Mine in Sudbury, Ontario
Original announcement by tmx on
- Company
- Magna Mining Inc.
- Ticker
- NICU
- Exchange
- TSX
- Region
- Ontario, Canada
- Primary commodity
- Nickel
- Secondary commodities
- Copper, Cobalt, Platinum, Palladium, Gold, Silver
- Document categories
- Resource update
- Extracted
- 2026-09-14 15:15:45 UTC
Analysis by Minestarters Atlas
Minestarters Atlas analysis
Summary
Magna Mining Inc. has announced initial Probable Mineral Reserves for its McCreedy West Mine in Sudbury, Ontario, totaling 987,000 tonnes at strong grades of copper, nickel, and platinum group metals. The company also provided updated Mineral Resource estimates, including 5.63 million tonnes Indicated and 874,000 tonnes Inferred, all effective December 31, 2025. This milestone establishes an initial three-year production profile for the mine and reflects updated geological information and cut-off grade assumptions.
Reasoning: Magna Mining announced initial Probable Mineral Reserves for its McCreedy West Mine, establishing a three-year production profile, alongside updated Indicated and Inferred Mineral Resources, all compliant with NI 43-101 and supported by detailed technical parameters.
Positive factors
- Maiden Mineral Reserve declared for McCreedy West Mine, providing a clear production profile.
- Resource estimates updated to reflect recent drilling and depletion, maintaining a strong base.
- Comprehensive disclosure of metal prices, recoveries, and cut-off grade assumptions for both reserves and resources.
Negative factors
- Inferred Mineral Resources cannot be converted to Mineral Reserves, limiting immediate economic certainty for that portion.
Facts used in scoring: 63
Classification and evidence
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: The McCreedy West Mine Mineral Reserves and Mineral Resources estimates disclosed herein were prepared in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects.
Evidence · text
“The McCreedy West Mine Mineral Reserves and Mineral Resources (“MRMR”) estimates disclosed herein were prepared in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects.”
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: The Mineral Reserve estimate was prepared under the supervision of Mr. William van Breugel, P.Eng., B.A.Sc. Geological Engineering, Associate Engineer of SGS Geological Services and Mr. Henri Gouin, P.Eng., of SGS Geological Services, both are considered a "Qualified Person" as defined by NI 43-101. The Contact Nickel Mineral Resources were estimated by Mr. Allan Armitage, Ph.D., P.Geo., of SGS Geological Services., an independent Qualified Person as defined by NI 43-101. The Footwall Zone Mineral Resources were estimated by Jonathan Cirelli, P.Geo. of Orix Geoscience Inc. an independent Qualified Person as defined by NI 43-101. The scientific or technical information in this news release has been reviewed and approved by David King, M.Sc., P.Geo.
Evidence · text
“The Mineral Reserve estimate was prepared under the supervision of Mr. William van Breugel, P.Eng., B.A.Sc. Geological Engineering, Associate Engineer of SGS Geological Services and Mr. Henri Gouin, P.Eng., of SGS Geological Services, both are considered a "Qualified Person" as defined by NI 43-101.”
Maiden Resourceneutral
First formal MRE for the project — establishes baseline but typically exploration-stage with high Inferred component. No prior estimate exists, so every change band is not applicable.
Why it applies: Magna Mining Announces Initial Mineral Reserves for the McCreedy West Mine
Evidence · text
“Magna Mining Announces Initial Mineral Reserves for the McCreedy West Mine in Sudbury, Ontario”
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: A cut-off grade was applied to each stope based on Net Smelter Return (“NSR”) exceeding sustaining development, equipment and fixed plant capital costs, as well as operating costs of CAD$180.00 per short ton. The Footwall Zone cut-off grade of 2.0% CuEq considers metal prices of $7.72/lb Ni, $4.88/lb Cu, $18.12/lb Co, $1,410/oz Pt, $1,156/oz Pd, $3,815/oz Au, and $50/oz Ag. The Contact Zone cut-off grade of 1.1% NiEq considers metal prices of $8.50/lb Ni, $3.75/lb Cu, $17.00/lb Co, $950/oz Pt, $1,100/oz Pd and $1,950/oz Au.
Evidence · text
“A cut-off grade was applied to each stope based on Net Smelter Return (“NSR”) exceeding sustaining development, equipment and fixed plant capital costs, as well as operating costs of CAD$180.00 per short ton.”
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: The Mineral Reserve estimate supports a three year production profile for the 700/PM Copper Zones.
Evidence · text
“The Mineral Reserve estimate supports a three year production profile for the 700/PM Copper Zones.”
Extracted facts
Stored fact records: 63. Some facts used in scoring do not have a stored record.
Resource Estimates (63)
probableMcCreedy West Mine · copperTonnes: 39000Grade: 1.67Grade Unit: %View all detailsHide details
Identity
- Project
- McCreedy West Mine
- Commodity
- copper
- Region
- canada_on
- Reported Region
- Ontario, Canada
- Ticker
- NICU
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Mr. William van Breugel, P.Eng., Mr. Henri Gouin, P.Eng.
- Resource group id
- resource:524494a34e2036bb6788
- Deposit or zone
- Broken Inventory
- Mining method
- underground
- Material type
- Broken Inventory
Resource Data
- Category
- probable
- Tonnes
- 39000
- Grade
- 1.67
- Grade Unit
- %
- Cutoff Grade
- 180
- Cutoff Unit
- CAD$/short ton
Prior Estimate
- Resource Date
- 2025-12-31
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-18T00:00:00.000Z
Reasoning: Initial Probable Reserve for copper in broken inventory, contributing to the overall reserve base with a high copper grade.
Positive factors
- Initial Probable Reserve declared for this material type.
- High copper grade for an underground reserve.
Evidence · table
“1.67”
Context: 39,000
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
probableMcCreedy West Mine · nickelTonnes: 39000Grade: 0.23Grade Unit: %View all detailsHide details
Identity
- Project
- McCreedy West Mine
- Commodity
- nickel
- Region
- canada_on
- Reported Region
- Ontario, Canada
- Ticker
- NICU
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Mr. William van Breugel, P.Eng., Mr. Henri Gouin, P.Eng.
- Resource group id
- resource:524494a34e2036bb6788
- Deposit or zone
- Broken Inventory
- Mining method
- underground
- Material type
- Broken Inventory
Resource Data
- Category
- probable
- Tonnes
- 39000
- Grade
- 0.23
- Grade Unit
- %
- Cutoff Grade
- 180
- Cutoff Unit
- CAD$/short ton
Prior Estimate
- Resource Date
- 2025-12-31
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-18T00:00:00.000Z
Reasoning: Initial Probable Reserve for nickel in broken inventory, contributing to the overall reserve base.
Positive factors
- Initial Probable Reserve declared for this material type.
Evidence · table
“0.23”
Context: 39,000
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
probableMcCreedy West Mine · cobaltTonnes: 39000Grade: 0.01Grade Unit: %View all detailsHide details
Identity
- Project
- McCreedy West Mine
- Commodity
- cobalt
- Region
- canada_on
- Reported Region
- Ontario, Canada
- Ticker
- NICU
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Mr. William van Breugel, P.Eng., Mr. Henri Gouin, P.Eng.
- Resource group id
- resource:524494a34e2036bb6788
- Deposit or zone
- Broken Inventory
- Mining method
- underground
- Material type
- Broken Inventory
Resource Data
- Category
- probable
- Tonnes
- 39000
- Grade
- 0.01
- Grade Unit
- %
- Cutoff Grade
- 180
- Cutoff Unit
- CAD$/short ton
Prior Estimate
- Resource Date
- 2025-12-31
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-18T00:00:00.000Z
Reasoning: Initial Probable Reserve for cobalt in broken inventory, contributing to the overall reserve base.
Positive factors
- Initial Probable Reserve declared for this material type.
Evidence · table
“0.01”
Context: 39,000
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
probableMcCreedy West Mine · platinumTonnes: 39000Grade: 0.59Grade Unit: g/tView all detailsHide details
Identity
- Project
- McCreedy West Mine
- Commodity
- platinum
- Region
- canada_on
- Reported Region
- Ontario, Canada
- Ticker
- NICU
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Mr. William van Breugel, P.Eng., Mr. Henri Gouin, P.Eng.
- Resource group id
- resource:524494a34e2036bb6788
- Deposit or zone
- Broken Inventory
- Mining method
- underground
- Material type
- Broken Inventory
Resource Data
- Category
- probable
- Tonnes
- 39000
- Grade
- 0.59
- Grade Unit
- g/t
- Cutoff Grade
- 180
- Cutoff Unit
- CAD$/short ton
Prior Estimate
- Resource Date
- 2025-12-31
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-18T00:00:00.000Z
Reasoning: Initial Probable Reserve for platinum in broken inventory, contributing to the overall reserve base.
Positive factors
- Initial Probable Reserve declared for this material type.
Evidence · table
“0.59”
Context: 39,000
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
probableMcCreedy West Mine · palladiumTonnes: 39000Grade: 0.62Grade Unit: g/tView all detailsHide details
Identity
- Project
- McCreedy West Mine
- Commodity
- palladium
- Region
- canada_on
- Reported Region
- Ontario, Canada
- Ticker
- NICU
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Mr. William van Breugel, P.Eng., Mr. Henri Gouin, P.Eng.
- Resource group id
- resource:524494a34e2036bb6788
- Deposit or zone
- Broken Inventory
- Mining method
- underground
- Material type
- Broken Inventory
Resource Data
- Category
- probable
- Tonnes
- 39000
- Grade
- 0.62
- Grade Unit
- g/t
- Cutoff Grade
- 180
- Cutoff Unit
- CAD$/short ton
Prior Estimate
- Resource Date
- 2025-12-31
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-18T00:00:00.000Z
Reasoning: Initial Probable Reserve for palladium in broken inventory, contributing to the overall reserve base.
Positive factors
- Initial Probable Reserve declared for this material type.
Evidence · table
“0.62”
Context: 39,000
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
probableMcCreedy West Mine · goldTonnes: 39000Grade: 0.29Grade Unit: g/tView all detailsHide details
Identity
- Project
- McCreedy West Mine
- Commodity
- gold
- Region
- canada_on
- Reported Region
- Ontario, Canada
- Ticker
- NICU
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Mr. William van Breugel, P.Eng., Mr. Henri Gouin, P.Eng.
- Resource group id
- resource:524494a34e2036bb6788
- Deposit or zone
- Broken Inventory
- Mining method
- underground
- Material type
- Broken Inventory
Resource Data
- Category
- probable
- Tonnes
- 39000
- Grade
- 0.29
- Grade Unit
- g/t
- Cutoff Grade
- 180
- Cutoff Unit
- CAD$/short ton
Prior Estimate
- Resource Date
- 2025-12-31
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-18T00:00:00.000Z
Reasoning: Initial Probable Reserve for gold in broken inventory, contributing to the overall reserve base.
Positive factors
- Initial Probable Reserve declared for this material type.
Evidence · table
“0.29”
Context: 39,000
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
probableMcCreedy West Mine · silverTonnes: 39000Grade: 9.38Grade Unit: g/tView all detailsHide details
Identity
- Project
- McCreedy West Mine
- Commodity
- silver
- Region
- canada_on
- Reported Region
- Ontario, Canada
- Ticker
- NICU
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Mr. William van Breugel, P.Eng., Mr. Henri Gouin, P.Eng.
- Resource group id
- resource:524494a34e2036bb6788
- Deposit or zone
- Broken Inventory
- Mining method
- underground
- Material type
- Broken Inventory
Resource Data
- Category
- probable
- Tonnes
- 39000
- Grade
- 9.38
- Grade Unit
- g/t
- Cutoff Grade
- 180
- Cutoff Unit
- CAD$/short ton
Prior Estimate
- Resource Date
- 2025-12-31
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-18T00:00:00.000Z
Reasoning: Initial Probable Reserve for silver in broken inventory, contributing to the overall reserve base.
Positive factors
- Initial Probable Reserve declared for this material type.
Evidence · table
“9.38”
Context: 39,000
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
probableMcCreedy West Mine · copperTonnes: 948000Grade: 1.59Grade Unit: %View all detailsHide details
Identity
- Project
- McCreedy West Mine
- Commodity
- copper
- Region
- canada_on
- Reported Region
- Ontario, Canada
- Ticker
- NICU
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Mr. William van Breugel, P.Eng., Mr. Henri Gouin, P.Eng.
- Resource group id
- resource:51eba109010ee183f801
- Deposit or zone
- 700/PM
- Mining method
- underground
Resource Data
- Category
- probable
- Tonnes
- 948000
- Grade
- 1.59
- Grade Unit
- %
- Cutoff Grade
- 180
- Cutoff Unit
- CAD$/short ton
Prior Estimate
- Resource Date
- 2025-12-31
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-18T00:00:00.000Z
Reasoning: Initial Probable Reserve for copper in the 700/PM zone, forming the bulk of the new reserve with a strong copper grade.
Positive factors
- Initial Probable Reserve declared for the 700/PM zone.
- Strong copper grade for an underground reserve.
Evidence · table
“1.59”
Context: 948,000
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
probableMcCreedy West Mine · nickelTonnes: 948000Grade: 0.33Grade Unit: %View all detailsHide details
Identity
- Project
- McCreedy West Mine
- Commodity
- nickel
- Region
- canada_on
- Reported Region
- Ontario, Canada
- Ticker
- NICU
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Mr. William van Breugel, P.Eng., Mr. Henri Gouin, P.Eng.
- Resource group id
- resource:51eba109010ee183f801
- Deposit or zone
- 700/PM
- Mining method
- underground
Resource Data
- Category
- probable
- Tonnes
- 948000
- Grade
- 0.33
- Grade Unit
- %
- Cutoff Grade
- 180
- Cutoff Unit
- CAD$/short ton
Prior Estimate
- Resource Date
- 2025-12-31
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-18T00:00:00.000Z
Reasoning: Initial Probable Reserve for nickel in the 700/PM zone, contributing significantly to the new reserve.
Positive factors
- Initial Probable Reserve declared for the 700/PM zone.
Evidence · table
“0.33”
Context: 948,000
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
probableMcCreedy West Mine · cobaltTonnes: 948000Grade: 0.01Grade Unit: %View all detailsHide details
Identity
- Project
- McCreedy West Mine
- Commodity
- cobalt
- Region
- canada_on
- Reported Region
- Ontario, Canada
- Ticker
- NICU
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Mr. William van Breugel, P.Eng., Mr. Henri Gouin, P.Eng.
- Resource group id
- resource:51eba109010ee183f801
- Deposit or zone
- 700/PM
- Mining method
- underground
Resource Data
- Category
- probable
- Tonnes
- 948000
- Grade
- 0.01
- Grade Unit
- %
- Cutoff Grade
- 180
- Cutoff Unit
- CAD$/short ton
Prior Estimate
- Resource Date
- 2025-12-31
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-18T00:00:00.000Z
Reasoning: Initial Probable Reserve for cobalt in the 700/PM zone, contributing to the new reserve.
Positive factors
- Initial Probable Reserve declared for the 700/PM zone.
Evidence · table
“0.01”
Context: 948,000
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
probableMcCreedy West Mine · platinumTonnes: 948000Grade: 1.17Grade Unit: g/tView all detailsHide details
Identity
- Project
- McCreedy West Mine
- Commodity
- platinum
- Region
- canada_on
- Reported Region
- Ontario, Canada
- Ticker
- NICU
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Mr. William van Breugel, P.Eng., Mr. Henri Gouin, P.Eng.
- Resource group id
- resource:51eba109010ee183f801
- Deposit or zone
- 700/PM
- Mining method
- underground
Resource Data
- Category
- probable
- Tonnes
- 948000
- Grade
- 1.17
- Grade Unit
- g/t
- Cutoff Grade
- 180
- Cutoff Unit
- CAD$/short ton
Prior Estimate
- Resource Date
- 2025-12-31
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-18T00:00:00.000Z
Reasoning: Initial Probable Reserve for platinum in the 700/PM zone, contributing significantly to the new reserve.
Positive factors
- Initial Probable Reserve declared for the 700/PM zone.
- Strong platinum grade for an underground reserve.
Evidence · table
“1.17”
Context: 948,000
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
probableMcCreedy West Mine · palladiumTonnes: 948000Grade: 1.25Grade Unit: g/tView all detailsHide details
Identity
- Project
- McCreedy West Mine
- Commodity
- palladium
- Region
- canada_on
- Reported Region
- Ontario, Canada
- Ticker
- NICU
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Mr. William van Breugel, P.Eng., Mr. Henri Gouin, P.Eng.
- Resource group id
- resource:51eba109010ee183f801
- Deposit or zone
- 700/PM
- Mining method
- underground
Resource Data
- Category
- probable
- Tonnes
- 948000
- Grade
- 1.25
- Grade Unit
- g/t
- Cutoff Grade
- 180
- Cutoff Unit
- CAD$/short ton
Prior Estimate
- Resource Date
- 2025-12-31
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-18T00:00:00.000Z
Reasoning: Initial Probable Reserve for palladium in the 700/PM zone, contributing significantly to the new reserve.
Positive factors
- Initial Probable Reserve declared for the 700/PM zone.
- Strong palladium grade for an underground reserve.
Evidence · table
“1.25”
Context: 948,000
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
probableMcCreedy West Mine · goldTonnes: 948000Grade: 0.32Grade Unit: g/tView all detailsHide details
Identity
- Project
- McCreedy West Mine
- Commodity
- gold
- Region
- canada_on
- Reported Region
- Ontario, Canada
- Ticker
- NICU
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Mr. William van Breugel, P.Eng., Mr. Henri Gouin, P.Eng.
- Resource group id
- resource:51eba109010ee183f801
- Deposit or zone
- 700/PM
- Mining method
- underground
Resource Data
- Category
- probable
- Tonnes
- 948000
- Grade
- 0.32
- Grade Unit
- g/t
- Cutoff Grade
- 180
- Cutoff Unit
- CAD$/short ton
Prior Estimate
- Resource Date
- 2025-12-31
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-18T00:00:00.000Z
Reasoning: Initial Probable Reserve for gold in the 700/PM zone, contributing to the new reserve.
Positive factors
- Initial Probable Reserve declared for the 700/PM zone.
Evidence · table
“0.32”
Context: 948,000
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
probableMcCreedy West Mine · silverTonnes: 948000Grade: 6.54Grade Unit: g/tView all detailsHide details
Identity
- Project
- McCreedy West Mine
- Commodity
- silver
- Region
- canada_on
- Reported Region
- Ontario, Canada
- Ticker
- NICU
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Mr. William van Breugel, P.Eng., Mr. Henri Gouin, P.Eng.
- Resource group id
- resource:51eba109010ee183f801
- Deposit or zone
- 700/PM
- Mining method
- underground
Resource Data
- Category
- probable
- Tonnes
- 948000
- Grade
- 6.54
- Grade Unit
- g/t
- Cutoff Grade
- 180
- Cutoff Unit
- CAD$/short ton
Prior Estimate
- Resource Date
- 2025-12-31
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-18T00:00:00.000Z
Reasoning: Initial Probable Reserve for silver in the 700/PM zone, contributing to the new reserve.
Positive factors
- Initial Probable Reserve declared for the 700/PM zone.
Evidence · table
“6.54”
Context: 948,000
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
probableMcCreedy West Mine · copperTonnes: 987000Grade: 1.59Grade Unit: %View all detailsHide details
Identity
- Project
- McCreedy West Mine
- Commodity
- copper
- Region
- canada_on
- Reported Region
- Ontario, Canada
- Ticker
- NICU
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Mr. William van Breugel, P.Eng., Mr. Henri Gouin, P.Eng.
- Resource group id
- resource:fc0f828b2bea60dfb646
- Mining method
- underground
Resource Data
- Category
- probable
- Tonnes
- 987000
- Grade
- 1.59
- Grade Unit
- %
- Cutoff Grade
- 180
- Cutoff Unit
- CAD$/short ton
Prior Estimate
- Resource Date
- 2025-12-31
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-18T00:00:00.000Z
Reasoning: Total initial Probable Reserve for copper, representing a significant milestone for the company.
Positive factors
- Initial Probable Reserve declared, providing a clear production profile.
- Strong copper grade for an underground reserve.
Evidence · table
“1.59”
Context: 987,000
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
probableMcCreedy West Mine · nickelTonnes: 987000Grade: 0.32Grade Unit: %View all detailsHide details
Identity
- Project
- McCreedy West Mine
- Commodity
- nickel
- Region
- canada_on
- Reported Region
- Ontario, Canada
- Ticker
- NICU
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Mr. William van Breugel, P.Eng., Mr. Henri Gouin, P.Eng.
- Resource group id
- resource:fc0f828b2bea60dfb646
- Mining method
- underground
Resource Data
- Category
- probable
- Tonnes
- 987000
- Grade
- 0.32
- Grade Unit
- %
- Cutoff Grade
- 180
- Cutoff Unit
- CAD$/short ton
Prior Estimate
- Resource Date
- 2025-12-31
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-18T00:00:00.000Z
Reasoning: Total initial Probable Reserve for nickel, representing a significant milestone for the company.
Positive factors
- Initial Probable Reserve declared, providing a clear production profile.
Evidence · table
“0.32”
Context: 987,000
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
probableMcCreedy West Mine · cobaltTonnes: 987000Grade: 0.01Grade Unit: %View all detailsHide details
Identity
- Project
- McCreedy West Mine
- Commodity
- cobalt
- Region
- canada_on
- Reported Region
- Ontario, Canada
- Ticker
- NICU
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Mr. William van Breugel, P.Eng., Mr. Henri Gouin, P.Eng.
- Resource group id
- resource:fc0f828b2bea60dfb646
- Mining method
- underground
Resource Data
- Category
- probable
- Tonnes
- 987000
- Grade
- 0.01
- Grade Unit
- %
- Cutoff Grade
- 180
- Cutoff Unit
- CAD$/short ton
Prior Estimate
- Resource Date
- 2025-12-31
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-18T00:00:00.000Z
Reasoning: Total initial Probable Reserve for cobalt, contributing to the overall reserve base.
Positive factors
- Initial Probable Reserve declared, providing a clear production profile.
Evidence · table
“0.01”
Context: 987,000
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
probableMcCreedy West Mine · platinumTonnes: 987000Grade: 1.15Grade Unit: g/tView all detailsHide details
Identity
- Project
- McCreedy West Mine
- Commodity
- platinum
- Region
- canada_on
- Reported Region
- Ontario, Canada
- Ticker
- NICU
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Mr. William van Breugel, P.Eng., Mr. Henri Gouin, P.Eng.
- Resource group id
- resource:fc0f828b2bea60dfb646
- Mining method
- underground
Resource Data
- Category
- probable
- Tonnes
- 987000
- Grade
- 1.15
- Grade Unit
- g/t
- Cutoff Grade
- 180
- Cutoff Unit
- CAD$/short ton
Prior Estimate
- Resource Date
- 2025-12-31
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-18T00:00:00.000Z
Reasoning: Total initial Probable Reserve for platinum, representing a significant milestone for the company.
Positive factors
- Initial Probable Reserve declared, providing a clear production profile.
- Strong platinum grade for an underground reserve.
Evidence · table
“1.15”
Context: 987,000
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
probableMcCreedy West Mine · palladiumTonnes: 987000Grade: 1.23Grade Unit: g/tView all detailsHide details
Identity
- Project
- McCreedy West Mine
- Commodity
- palladium
- Region
- canada_on
- Reported Region
- Ontario, Canada
- Ticker
- NICU
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Mr. William van Breugel, P.Eng., Mr. Henri Gouin, P.Eng.
- Resource group id
- resource:fc0f828b2bea60dfb646
- Mining method
- underground
Resource Data
- Category
- probable
- Tonnes
- 987000
- Grade
- 1.23
- Grade Unit
- g/t
- Cutoff Grade
- 180
- Cutoff Unit
- CAD$/short ton
Prior Estimate
- Resource Date
- 2025-12-31
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-18T00:00:00.000Z
Reasoning: Total initial Probable Reserve for palladium, representing a significant milestone for the company.
Positive factors
- Initial Probable Reserve declared, providing a clear production profile.
- Strong palladium grade for an underground reserve.
Evidence · table
“1.23”
Context: 987,000
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
probableMcCreedy West Mine · goldTonnes: 987000Grade: 0.32Grade Unit: g/tView all detailsHide details
Identity
- Project
- McCreedy West Mine
- Commodity
- gold
- Region
- canada_on
- Reported Region
- Ontario, Canada
- Ticker
- NICU
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Mr. William van Breugel, P.Eng., Mr. Henri Gouin, P.Eng.
- Resource group id
- resource:fc0f828b2bea60dfb646
- Mining method
- underground
Resource Data
- Category
- probable
- Tonnes
- 987000
- Grade
- 0.32
- Grade Unit
- g/t
- Cutoff Grade
- 180
- Cutoff Unit
- CAD$/short ton
Prior Estimate
- Resource Date
- 2025-12-31
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-18T00:00:00.000Z
Reasoning: Total initial Probable Reserve for gold, contributing to the overall reserve base.
Positive factors
- Initial Probable Reserve declared, providing a clear production profile.
Evidence · table
“0.32”
Context: 987,000
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
probableMcCreedy West Mine · silverTonnes: 987000Grade: 6.65Grade Unit: g/tView all detailsHide details
Identity
- Project
- McCreedy West Mine
- Commodity
- silver
- Region
- canada_on
- Reported Region
- Ontario, Canada
- Ticker
- NICU
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Mr. William van Breugel, P.Eng., Mr. Henri Gouin, P.Eng.
- Resource group id
- resource:fc0f828b2bea60dfb646
- Mining method
- underground
Resource Data
- Category
- probable
- Tonnes
- 987000
- Grade
- 6.65
- Grade Unit
- g/t
- Cutoff Grade
- 180
- Cutoff Unit
- CAD$/short ton
Prior Estimate
- Resource Date
- 2025-12-31
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-18T00:00:00.000Z
Reasoning: Total initial Probable Reserve for silver, contributing to the overall reserve base.
Positive factors
- Initial Probable Reserve declared, providing a clear production profile.
Evidence · table
“6.65”
Context: 987,000
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
indicatedMcCreedy West Mine · copperTonnes: 2618000Grade: 0.27Grade Unit: %View all detailsHide details
Identity
- Project
- McCreedy West Mine
- Commodity
- copper
- Region
- canada_on
- Reported Region
- Ontario, Canada
- Ticker
- NICU
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Mr. Allan Armitage, Ph.D., P.Geo., Jonathan Cirelli, P.Geo.
- Resource group id
- resource:226a00066db2619be882
- Deposit or zone
- Contact
- Mining method
- underground
Resource Data
- Category
- indicated
- Tonnes
- 2618000
- Grade
- 0.27
- Grade Unit
- %
- Cutoff Grade
- 1.1
- Cutoff Unit
- % NiEq
Prior Estimate
- Resource Date
- 2025-12-31
Metal Equivalent
- Metal Eq. Grade
- 1.1
- Metal Eq. Unit
- % NiEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-18T00:00:00.000Z
Reasoning: Indicated Mineral Resource for copper in the Contact Zone, reported with a NiEq cut-off grade.
Positive factors
- Indicated Resource for copper in the Contact Zone, contributing to the overall resource base.
Evidence · table
“0.27”
Context: 2,618,000
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
indicatedMcCreedy West Mine · nickelTonnes: 2618000Grade: 1.6Grade Unit: %View all detailsHide details
Identity
- Project
- McCreedy West Mine
- Commodity
- nickel
- Region
- canada_on
- Reported Region
- Ontario, Canada
- Ticker
- NICU
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Mr. Allan Armitage, Ph.D., P.Geo., Jonathan Cirelli, P.Geo.
- Resource group id
- resource:226a00066db2619be882
- Deposit or zone
- Contact
- Mining method
- underground
Resource Data
- Category
- indicated
- Tonnes
- 2618000
- Grade
- 1.6
- Grade Unit
- %
- Cutoff Grade
- 1.1
- Cutoff Unit
- % NiEq
Prior Estimate
- Resource Date
- 2025-12-31
Metal Equivalent
- Metal Eq. Grade
- 1.1
- Metal Eq. Unit
- % NiEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-18T00:00:00.000Z
Reasoning: Indicated Mineral Resource for nickel in the Contact Zone, reported with a strong nickel grade and NiEq cut-off grade.
Positive factors
- Strong nickel grade for an Indicated Resource.
- Indicated Resource for nickel in the Contact Zone, contributing significantly to the overall resource base.
Evidence · table
“1.60”
Context: 2,618,000
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
indicatedMcCreedy West Mine · cobaltTonnes: 2618000Grade: 0.06Grade Unit: %View all detailsHide details
Identity
- Project
- McCreedy West Mine
- Commodity
- cobalt
- Region
- canada_on
- Reported Region
- Ontario, Canada
- Ticker
- NICU
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Mr. Allan Armitage, Ph.D., P.Geo., Jonathan Cirelli, P.Geo.
- Resource group id
- resource:226a00066db2619be882
- Deposit or zone
- Contact
- Mining method
- underground
Resource Data
- Category
- indicated
- Tonnes
- 2618000
- Grade
- 0.06
- Grade Unit
- %
- Cutoff Grade
- 1.1
- Cutoff Unit
- % NiEq
Prior Estimate
- Resource Date
- 2025-12-31
Metal Equivalent
- Metal Eq. Grade
- 1.1
- Metal Eq. Unit
- % NiEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-18T00:00:00.000Z
Reasoning: Indicated Mineral Resource for cobalt in the Contact Zone, reported with a NiEq cut-off grade.
Positive factors
- Indicated Resource for cobalt in the Contact Zone, contributing to the overall resource base.
Evidence · table
“0.06”
Context: 2,618,000
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
indicatedMcCreedy West Mine · platinumTonnes: 2618000Grade: 0.01Grade Unit: g/tView all detailsHide details
Identity
- Project
- McCreedy West Mine
- Commodity
- platinum
- Region
- canada_on
- Reported Region
- Ontario, Canada
- Ticker
- NICU
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Mr. Allan Armitage, Ph.D., P.Geo., Jonathan Cirelli, P.Geo.
- Resource group id
- resource:226a00066db2619be882
- Deposit or zone
- Contact
- Mining method
- underground
Resource Data
- Category
- indicated
- Tonnes
- 2618000
- Grade
- 0.01
- Grade Unit
- g/t
- Cutoff Grade
- 1.1
- Cutoff Unit
- % NiEq
Prior Estimate
- Resource Date
- 2025-12-31
Metal Equivalent
- Metal Eq. Grade
- 1.1
- Metal Eq. Unit
- % NiEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-18T00:00:00.000Z
Reasoning: Indicated Mineral Resource for platinum in the Contact Zone, reported with a NiEq cut-off grade.
Positive factors
- Indicated Resource for platinum in the Contact Zone, contributing to the overall resource base.
Evidence · table
“0.01”
Context: 2,618,000
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
indicatedMcCreedy West Mine · palladiumTonnes: 2618000Grade: 0.02Grade Unit: g/tView all detailsHide details
Identity
- Project
- McCreedy West Mine
- Commodity
- palladium
- Region
- canada_on
- Reported Region
- Ontario, Canada
- Ticker
- NICU
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Mr. Allan Armitage, Ph.D., P.Geo., Jonathan Cirelli, P.Geo.
- Resource group id
- resource:226a00066db2619be882
- Deposit or zone
- Contact
- Mining method
- underground
Resource Data
- Category
- indicated
- Tonnes
- 2618000
- Grade
- 0.02
- Grade Unit
- g/t
- Cutoff Grade
- 1.1
- Cutoff Unit
- % NiEq
Prior Estimate
- Resource Date
- 2025-12-31
Metal Equivalent
- Metal Eq. Grade
- 1.1
- Metal Eq. Unit
- % NiEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-18T00:00:00.000Z
Reasoning: Indicated Mineral Resource for palladium in the Contact Zone, reported with a NiEq cut-off grade.
Positive factors
- Indicated Resource for palladium in the Contact Zone, contributing to the overall resource base.
Evidence · table
“0.02”
Context: 2,618,000
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
indicatedMcCreedy West Mine · goldTonnes: 2618000Grade: 0Grade Unit: g/tView all detailsHide details
Identity
- Project
- McCreedy West Mine
- Commodity
- gold
- Region
- canada_on
- Reported Region
- Ontario, Canada
- Ticker
- NICU
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Mr. Allan Armitage, Ph.D., P.Geo., Jonathan Cirelli, P.Geo.
- Resource group id
- resource:226a00066db2619be882
- Deposit or zone
- Contact
- Mining method
- underground
Resource Data
- Category
- indicated
- Tonnes
- 2618000
- Grade
- 0
- Grade Unit
- g/t
- Cutoff Grade
- 1.1
- Cutoff Unit
- % NiEq
Prior Estimate
- Resource Date
- 2025-12-31
Metal Equivalent
- Metal Eq. Grade
- 1.1
- Metal Eq. Unit
- % NiEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-18T00:00:00.000Z
Reasoning: Indicated Mineral Resource for gold in the Contact Zone, reported with a NiEq cut-off grade, but with a very low grade.
Positive factors
- Indicated Resource for gold in the Contact Zone, contributing to the overall resource base.
Evidence · table
“0.00”
Context: 2,618,000
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
indicatedMcCreedy West Mine · silverTonnes: 2618000Grade: 0.12Grade Unit: g/tView all detailsHide details
Identity
- Project
- McCreedy West Mine
- Commodity
- silver
- Region
- canada_on
- Reported Region
- Ontario, Canada
- Ticker
- NICU
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Mr. Allan Armitage, Ph.D., P.Geo., Jonathan Cirelli, P.Geo.
- Resource group id
- resource:226a00066db2619be882
- Deposit or zone
- Contact
- Mining method
- underground
Resource Data
- Category
- indicated
- Tonnes
- 2618000
- Grade
- 0.12
- Grade Unit
- g/t
- Cutoff Grade
- 1.1
- Cutoff Unit
- % NiEq
Prior Estimate
- Resource Date
- 2025-12-31
Metal Equivalent
- Metal Eq. Grade
- 1.1
- Metal Eq. Unit
- % NiEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-18T00:00:00.000Z
Reasoning: Indicated Mineral Resource for silver in the Contact Zone, reported with a NiEq cut-off grade.
Positive factors
- Indicated Resource for silver in the Contact Zone, contributing to the overall resource base.
Evidence · table
“0.12”
Context: 2,618,000
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
indicatedMcCreedy West Mine · copperTonnes: 3014000Grade: 1.83Grade Unit: %View all detailsHide details
Identity
- Project
- McCreedy West Mine
- Commodity
- copper
- Region
- canada_on
- Reported Region
- Ontario, Canada
- Ticker
- NICU
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Mr. Allan Armitage, Ph.D., P.Geo., Jonathan Cirelli, P.Geo.
- Resource group id
- resource:e83c4d8fbd0331a192a1
- Deposit or zone
- Footwall
- Mining method
- underground
Resource Data
- Category
- indicated
- Tonnes
- 3014000
- Grade
- 1.83
- Grade Unit
- %
- Cutoff Grade
- 2
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2025-12-31
Metal Equivalent
- Metal Eq. Grade
- 2
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-18T00:00:00.000Z
Reasoning: Indicated Mineral Resource for copper in the Footwall Zone, reported with a strong copper grade and CuEq cut-off grade.
Positive factors
- Strong copper grade for an Indicated Resource.
- Indicated Resource for copper in the Footwall Zone, contributing significantly to the overall resource base.
Evidence · table
“1.83”
Context: 3,014,000
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
indicatedMcCreedy West Mine · nickelTonnes: 3014000Grade: 0.44Grade Unit: %View all detailsHide details
Identity
- Project
- McCreedy West Mine
- Commodity
- nickel
- Region
- canada_on
- Reported Region
- Ontario, Canada
- Ticker
- NICU
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Mr. Allan Armitage, Ph.D., P.Geo., Jonathan Cirelli, P.Geo.
- Resource group id
- resource:e83c4d8fbd0331a192a1
- Deposit or zone
- Footwall
- Mining method
- underground
Resource Data
- Category
- indicated
- Tonnes
- 3014000
- Grade
- 0.44
- Grade Unit
- %
- Cutoff Grade
- 2
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2025-12-31
Metal Equivalent
- Metal Eq. Grade
- 2
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-18T00:00:00.000Z
Reasoning: Indicated Mineral Resource for nickel in the Footwall Zone, reported with a CuEq cut-off grade.
Positive factors
- Indicated Resource for nickel in the Footwall Zone, contributing to the overall resource base.
Evidence · table
“0.44”
Context: 3,014,000
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
indicatedMcCreedy West Mine · cobaltTonnes: 3014000Grade: 0.01Grade Unit: %View all detailsHide details
Identity
- Project
- McCreedy West Mine
- Commodity
- cobalt
- Region
- canada_on
- Reported Region
- Ontario, Canada
- Ticker
- NICU
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Mr. Allan Armitage, Ph.D., P.Geo., Jonathan Cirelli, P.Geo.
- Resource group id
- resource:e83c4d8fbd0331a192a1
- Deposit or zone
- Footwall
- Mining method
- underground
Resource Data
- Category
- indicated
- Tonnes
- 3014000
- Grade
- 0.01
- Grade Unit
- %
- Cutoff Grade
- 2
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2025-12-31
Metal Equivalent
- Metal Eq. Grade
- 2
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-18T00:00:00.000Z
Reasoning: Indicated Mineral Resource for cobalt in the Footwall Zone, reported with a CuEq cut-off grade.
Positive factors
- Indicated Resource for cobalt in the Footwall Zone, contributing to the overall resource base.
Evidence · table
“0.01”
Context: 3,014,000
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
indicatedMcCreedy West Mine · platinumTonnes: 3014000Grade: 1.52Grade Unit: g/tView all detailsHide details
Identity
- Project
- McCreedy West Mine
- Commodity
- platinum
- Region
- canada_on
- Reported Region
- Ontario, Canada
- Ticker
- NICU
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Mr. Allan Armitage, Ph.D., P.Geo., Jonathan Cirelli, P.Geo.
- Resource group id
- resource:e83c4d8fbd0331a192a1
- Deposit or zone
- Footwall
- Mining method
- underground
Resource Data
- Category
- indicated
- Tonnes
- 3014000
- Grade
- 1.52
- Grade Unit
- g/t
- Cutoff Grade
- 2
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2025-12-31
Metal Equivalent
- Metal Eq. Grade
- 2
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-18T00:00:00.000Z
Reasoning: Indicated Mineral Resource for platinum in the Footwall Zone, reported with a strong platinum grade and CuEq cut-off grade.
Positive factors
- Strong platinum grade for an Indicated Resource.
- Indicated Resource for platinum in the Footwall Zone, contributing significantly to the overall resource base.
Evidence · table
“1.52”
Context: 3,014,000
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
indicatedMcCreedy West Mine · palladiumTonnes: 3014000Grade: 1.7Grade Unit: g/tView all detailsHide details
Identity
- Project
- McCreedy West Mine
- Commodity
- palladium
- Region
- canada_on
- Reported Region
- Ontario, Canada
- Ticker
- NICU
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Mr. Allan Armitage, Ph.D., P.Geo., Jonathan Cirelli, P.Geo.
- Resource group id
- resource:e83c4d8fbd0331a192a1
- Deposit or zone
- Footwall
- Mining method
- underground
Resource Data
- Category
- indicated
- Tonnes
- 3014000
- Grade
- 1.7
- Grade Unit
- g/t
- Cutoff Grade
- 2
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2025-12-31
Metal Equivalent
- Metal Eq. Grade
- 2
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-18T00:00:00.000Z
Reasoning: Indicated Mineral Resource for palladium in the Footwall Zone, reported with a strong palladium grade and CuEq cut-off grade.
Positive factors
- Strong palladium grade for an Indicated Resource.
- Indicated Resource for palladium in the Footwall Zone, contributing significantly to the overall resource base.
Evidence · table
“1.70”
Context: 3,014,000
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
indicatedMcCreedy West Mine · goldTonnes: 3014000Grade: 0.42Grade Unit: g/tView all detailsHide details
Identity
- Project
- McCreedy West Mine
- Commodity
- gold
- Region
- canada_on
- Reported Region
- Ontario, Canada
- Ticker
- NICU
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Mr. Allan Armitage, Ph.D., P.Geo., Jonathan Cirelli, P.Geo.
- Resource group id
- resource:e83c4d8fbd0331a192a1
- Deposit or zone
- Footwall
- Mining method
- underground
Resource Data
- Category
- indicated
- Tonnes
- 3014000
- Grade
- 0.42
- Grade Unit
- g/t
- Cutoff Grade
- 2
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2025-12-31
Metal Equivalent
- Metal Eq. Grade
- 2
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-18T00:00:00.000Z
Reasoning: Indicated Mineral Resource for gold in the Footwall Zone, reported with a CuEq cut-off grade.
Positive factors
- Indicated Resource for gold in the Footwall Zone, contributing to the overall resource base.
Evidence · table
“0.42”
Context: 3,014,000
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
indicatedMcCreedy West Mine · silverTonnes: 3014000Grade: 9.51Grade Unit: g/tView all detailsHide details
Identity
- Project
- McCreedy West Mine
- Commodity
- silver
- Region
- canada_on
- Reported Region
- Ontario, Canada
- Ticker
- NICU
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Mr. Allan Armitage, Ph.D., P.Geo., Jonathan Cirelli, P.Geo.
- Resource group id
- resource:e83c4d8fbd0331a192a1
- Deposit or zone
- Footwall
- Mining method
- underground
Resource Data
- Category
- indicated
- Tonnes
- 3014000
- Grade
- 9.51
- Grade Unit
- g/t
- Cutoff Grade
- 2
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2025-12-31
Metal Equivalent
- Metal Eq. Grade
- 2
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-18T00:00:00.000Z
Reasoning: Indicated Mineral Resource for silver in the Footwall Zone, reported with a CuEq cut-off grade.
Positive factors
- Indicated Resource for silver in the Footwall Zone, contributing to the overall resource base.
Evidence · table
“9.51”
Context: 3,014,000
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
indicatedMcCreedy West Mine · copperTonnes: 5632000Grade: 1.1Grade Unit: %View all detailsHide details
Identity
- Project
- McCreedy West Mine
- Commodity
- copper
- Region
- canada_on
- Reported Region
- Ontario, Canada
- Ticker
- NICU
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Mr. Allan Armitage, Ph.D., P.Geo., Jonathan Cirelli, P.Geo.
- Resource group id
- resource:2e53c2d08582725bf4ca
- Mining method
- underground
Resource Data
- Category
- indicated
- Tonnes
- 5632000
- Grade
- 1.1
- Grade Unit
- %
Prior Estimate
- Resource Date
- 2025-12-31
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-18T00:00:00.000Z
Reasoning: Total Indicated Mineral Resource for copper, reflecting the updated estimate.
Positive factors
- Total Indicated Resource for copper, providing a solid base for future studies.
Evidence · table
“1.10”
Context: 5,632,000
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
indicatedMcCreedy West Mine · nickelTonnes: 5632000Grade: 0.98Grade Unit: %View all detailsHide details
Identity
- Project
- McCreedy West Mine
- Commodity
- nickel
- Region
- canada_on
- Reported Region
- Ontario, Canada
- Ticker
- NICU
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Mr. Allan Armitage, Ph.D., P.Geo., Jonathan Cirelli, P.Geo.
- Resource group id
- resource:2e53c2d08582725bf4ca
- Mining method
- underground
Resource Data
- Category
- indicated
- Tonnes
- 5632000
- Grade
- 0.98
- Grade Unit
- %
Prior Estimate
- Resource Date
- 2025-12-31
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-18T00:00:00.000Z
Reasoning: Total Indicated Mineral Resource for nickel, reflecting the updated estimate.
Positive factors
- Total Indicated Resource for nickel, providing a solid base for future studies.
Evidence · table
“0.98”
Context: 5,632,000
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
indicatedMcCreedy West Mine · cobaltTonnes: 5632000Grade: 0.03Grade Unit: %View all detailsHide details
Identity
- Project
- McCreedy West Mine
- Commodity
- cobalt
- Region
- canada_on
- Reported Region
- Ontario, Canada
- Ticker
- NICU
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Mr. Allan Armitage, Ph.D., P.Geo., Jonathan Cirelli, P.Geo.
- Resource group id
- resource:2e53c2d08582725bf4ca
- Mining method
- underground
Resource Data
- Category
- indicated
- Tonnes
- 5632000
- Grade
- 0.03
- Grade Unit
- %
Prior Estimate
- Resource Date
- 2025-12-31
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-18T00:00:00.000Z
Reasoning: Total Indicated Mineral Resource for cobalt, reflecting the updated estimate.
Positive factors
- Total Indicated Resource for cobalt, providing a solid base for future studies.
Evidence · table
“0.03”
Context: 5,632,000
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
indicatedMcCreedy West Mine · platinumTonnes: 5632000Grade: 0.82Grade Unit: g/tView all detailsHide details
Identity
- Project
- McCreedy West Mine
- Commodity
- platinum
- Region
- canada_on
- Reported Region
- Ontario, Canada
- Ticker
- NICU
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Mr. Allan Armitage, Ph.D., P.Geo., Jonathan Cirelli, P.Geo.
- Resource group id
- resource:2e53c2d08582725bf4ca
- Mining method
- underground
Resource Data
- Category
- indicated
- Tonnes
- 5632000
- Grade
- 0.82
- Grade Unit
- g/t
Prior Estimate
- Resource Date
- 2025-12-31
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-18T00:00:00.000Z
Reasoning: Total Indicated Mineral Resource for platinum, reflecting the updated estimate.
Positive factors
- Total Indicated Resource for platinum, providing a solid base for future studies.
Evidence · table
“0.82”
Context: 5,632,000
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
indicatedMcCreedy West Mine · palladiumTonnes: 5632000Grade: 0.92Grade Unit: g/tView all detailsHide details
Identity
- Project
- McCreedy West Mine
- Commodity
- palladium
- Region
- canada_on
- Reported Region
- Ontario, Canada
- Ticker
- NICU
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Mr. Allan Armitage, Ph.D., P.Geo., Jonathan Cirelli, P.Geo.
- Resource group id
- resource:2e53c2d08582725bf4ca
- Mining method
- underground
Resource Data
- Category
- indicated
- Tonnes
- 5632000
- Grade
- 0.92
- Grade Unit
- g/t
Prior Estimate
- Resource Date
- 2025-12-31
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-18T00:00:00.000Z
Reasoning: Total Indicated Mineral Resource for palladium, reflecting the updated estimate.
Positive factors
- Total Indicated Resource for palladium, providing a solid base for future studies.
Evidence · table
“0.92”
Context: 5,632,000
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
indicatedMcCreedy West Mine · goldTonnes: 5632000Grade: 0.23Grade Unit: g/tView all detailsHide details
Identity
- Project
- McCreedy West Mine
- Commodity
- gold
- Region
- canada_on
- Reported Region
- Ontario, Canada
- Ticker
- NICU
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Mr. Allan Armitage, Ph.D., P.Geo., Jonathan Cirelli, P.Geo.
- Resource group id
- resource:2e53c2d08582725bf4ca
- Mining method
- underground
Resource Data
- Category
- indicated
- Tonnes
- 5632000
- Grade
- 0.23
- Grade Unit
- g/t
Prior Estimate
- Resource Date
- 2025-12-31
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-18T00:00:00.000Z
Reasoning: Total Indicated Mineral Resource for gold, reflecting the updated estimate.
Positive factors
- Total Indicated Resource for gold, providing a solid base for future studies.
Evidence · table
“0.23”
Context: 5,632,000
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
indicatedMcCreedy West Mine · silverTonnes: 5632000Grade: 5.15Grade Unit: g/tView all detailsHide details
Identity
- Project
- McCreedy West Mine
- Commodity
- silver
- Region
- canada_on
- Reported Region
- Ontario, Canada
- Ticker
- NICU
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Mr. Allan Armitage, Ph.D., P.Geo., Jonathan Cirelli, P.Geo.
- Resource group id
- resource:2e53c2d08582725bf4ca
- Mining method
- underground
Resource Data
- Category
- indicated
- Tonnes
- 5632000
- Grade
- 5.15
- Grade Unit
- g/t
Prior Estimate
- Resource Date
- 2025-12-31
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-18T00:00:00.000Z
Reasoning: Total Indicated Mineral Resource for silver, reflecting the updated estimate.
Positive factors
- Total Indicated Resource for silver, providing a solid base for future studies.
Evidence · table
“5.15”
Context: 5,632,000
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
inferredMcCreedy West Mine · copperTonnes: 61000Grade: 0.24Grade Unit: %View all detailsHide details
Identity
- Project
- McCreedy West Mine
- Commodity
- copper
- Region
- canada_on
- Reported Region
- Ontario, Canada
- Ticker
- NICU
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Mr. Allan Armitage, Ph.D., P.Geo., Jonathan Cirelli, P.Geo.
- Resource group id
- resource:6f881bdef4d77a0be316
- Deposit or zone
- Contact
- Mining method
- underground
Resource Data
- Category
- inferred
- Tonnes
- 61000
- Grade
- 0.24
- Grade Unit
- %
- Cutoff Grade
- 1.1
- Cutoff Unit
- % NiEq
Prior Estimate
- Resource Date
- 2025-12-31
Metal Equivalent
- Metal Eq. Grade
- 1.1
- Metal Eq. Unit
- % NiEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-18T00:00:00.000Z
Reasoning: Inferred Mineral Resource for copper in the Contact Zone, reported with a NiEq cut-off grade.
Positive factors
- Inferred Resource for copper in the Contact Zone, contributing to the overall resource base.
Negative factors
- Inferred category has lower confidence and cannot be converted to reserves.
Evidence · table
“0.24”
Context: 61,000
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
inferredMcCreedy West Mine · nickelTonnes: 61000Grade: 1.58Grade Unit: %View all detailsHide details
Identity
- Project
- McCreedy West Mine
- Commodity
- nickel
- Region
- canada_on
- Reported Region
- Ontario, Canada
- Ticker
- NICU
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Mr. Allan Armitage, Ph.D., P.Geo., Jonathan Cirelli, P.Geo.
- Resource group id
- resource:6f881bdef4d77a0be316
- Deposit or zone
- Contact
- Mining method
- underground
Resource Data
- Category
- inferred
- Tonnes
- 61000
- Grade
- 1.58
- Grade Unit
- %
- Cutoff Grade
- 1.1
- Cutoff Unit
- % NiEq
Prior Estimate
- Resource Date
- 2025-12-31
Metal Equivalent
- Metal Eq. Grade
- 1.1
- Metal Eq. Unit
- % NiEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-18T00:00:00.000Z
Reasoning: Inferred Mineral Resource for nickel in the Contact Zone, reported with a strong nickel grade and NiEq cut-off grade.
Positive factors
- Strong nickel grade for an Inferred Resource.
- Inferred Resource for nickel in the Contact Zone, contributing to the overall resource base.
Negative factors
- Inferred category has lower confidence and cannot be converted to reserves.
Evidence · table
“1.58”
Context: 61,000
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
inferredMcCreedy West Mine · cobaltTonnes: 61000Grade: 0.05Grade Unit: %View all detailsHide details
Identity
- Project
- McCreedy West Mine
- Commodity
- cobalt
- Region
- canada_on
- Reported Region
- Ontario, Canada
- Ticker
- NICU
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Mr. Allan Armitage, Ph.D., P.Geo., Jonathan Cirelli, P.Geo.
- Resource group id
- resource:6f881bdef4d77a0be316
- Deposit or zone
- Contact
- Mining method
- underground
Resource Data
- Category
- inferred
- Tonnes
- 61000
- Grade
- 0.05
- Grade Unit
- %
- Cutoff Grade
- 1.1
- Cutoff Unit
- % NiEq
Prior Estimate
- Resource Date
- 2025-12-31
Metal Equivalent
- Metal Eq. Grade
- 1.1
- Metal Eq. Unit
- % NiEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-18T00:00:00.000Z
Reasoning: Inferred Mineral Resource for cobalt in the Contact Zone, reported with a NiEq cut-off grade.
Positive factors
- Inferred Resource for cobalt in the Contact Zone, contributing to the overall resource base.
Negative factors
- Inferred category has lower confidence and cannot be converted to reserves.
Evidence · table
“0.05”
Context: 61,000
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
inferredMcCreedy West Mine · platinumTonnes: 61000Grade: 0.01Grade Unit: g/tView all detailsHide details
Identity
- Project
- McCreedy West Mine
- Commodity
- platinum
- Region
- canada_on
- Reported Region
- Ontario, Canada
- Ticker
- NICU
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Mr. Allan Armitage, Ph.D., P.Geo., Jonathan Cirelli, P.Geo.
- Resource group id
- resource:6f881bdef4d77a0be316
- Deposit or zone
- Contact
- Mining method
- underground
Resource Data
- Category
- inferred
- Tonnes
- 61000
- Grade
- 0.01
- Grade Unit
- g/t
- Cutoff Grade
- 1.1
- Cutoff Unit
- % NiEq
Prior Estimate
- Resource Date
- 2025-12-31
Metal Equivalent
- Metal Eq. Grade
- 1.1
- Metal Eq. Unit
- % NiEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-18T00:00:00.000Z
Reasoning: Inferred Mineral Resource for platinum in the Contact Zone, reported with a NiEq cut-off grade.
Positive factors
- Inferred Resource for platinum in the Contact Zone, contributing to the overall resource base.
Negative factors
- Inferred category has lower confidence and cannot be converted to reserves.
Evidence · table
“0.01”
Context: 61,000
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
inferredMcCreedy West Mine · palladiumTonnes: 61000Grade: 0.02Grade Unit: g/tView all detailsHide details
Identity
- Project
- McCreedy West Mine
- Commodity
- palladium
- Region
- canada_on
- Reported Region
- Ontario, Canada
- Ticker
- NICU
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Mr. Allan Armitage, Ph.D., P.Geo., Jonathan Cirelli, P.Geo.
- Resource group id
- resource:6f881bdef4d77a0be316
- Deposit or zone
- Contact
- Mining method
- underground
Resource Data
- Category
- inferred
- Tonnes
- 61000
- Grade
- 0.02
- Grade Unit
- g/t
- Cutoff Grade
- 1.1
- Cutoff Unit
- % NiEq
Prior Estimate
- Resource Date
- 2025-12-31
Metal Equivalent
- Metal Eq. Grade
- 1.1
- Metal Eq. Unit
- % NiEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-18T00:00:00.000Z
Reasoning: Inferred Mineral Resource for palladium in the Contact Zone, reported with a NiEq cut-off grade.
Positive factors
- Inferred Resource for palladium in the Contact Zone, contributing to the overall resource base.
Negative factors
- Inferred category has lower confidence and cannot be converted to reserves.
Evidence · table
“0.02”
Context: 61,000
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
inferredMcCreedy West Mine · goldTonnes: 61000Grade: 0.01Grade Unit: g/tView all detailsHide details
Identity
- Project
- McCreedy West Mine
- Commodity
- gold
- Region
- canada_on
- Reported Region
- Ontario, Canada
- Ticker
- NICU
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Mr. Allan Armitage, Ph.D., P.Geo., Jonathan Cirelli, P.Geo.
- Resource group id
- resource:6f881bdef4d77a0be316
- Deposit or zone
- Contact
- Mining method
- underground
Resource Data
- Category
- inferred
- Tonnes
- 61000
- Grade
- 0.01
- Grade Unit
- g/t
- Cutoff Grade
- 1.1
- Cutoff Unit
- % NiEq
Prior Estimate
- Resource Date
- 2025-12-31
Metal Equivalent
- Metal Eq. Grade
- 1.1
- Metal Eq. Unit
- % NiEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-18T00:00:00.000Z
Reasoning: Inferred Mineral Resource for gold in the Contact Zone, reported with a NiEq cut-off grade, but with a very low grade.
Positive factors
- Inferred Resource for gold in the Contact Zone, contributing to the overall resource base.
Negative factors
- Inferred category has lower confidence and cannot be converted to reserves.
Evidence · table
“0.01”
Context: 61,000
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
inferredMcCreedy West Mine · silverTonnes: 61000Grade: 0.27Grade Unit: g/tView all detailsHide details
Identity
- Project
- McCreedy West Mine
- Commodity
- silver
- Region
- canada_on
- Reported Region
- Ontario, Canada
- Ticker
- NICU
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Mr. Allan Armitage, Ph.D., P.Geo., Jonathan Cirelli, P.Geo.
- Resource group id
- resource:6f881bdef4d77a0be316
- Deposit or zone
- Contact
- Mining method
- underground
Resource Data
- Category
- inferred
- Tonnes
- 61000
- Grade
- 0.27
- Grade Unit
- g/t
- Cutoff Grade
- 1.1
- Cutoff Unit
- % NiEq
Prior Estimate
- Resource Date
- 2025-12-31
Metal Equivalent
- Metal Eq. Grade
- 1.1
- Metal Eq. Unit
- % NiEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-18T00:00:00.000Z
Reasoning: Inferred Mineral Resource for silver in the Contact Zone, reported with a NiEq cut-off grade.
Positive factors
- Inferred Resource for silver in the Contact Zone, contributing to the overall resource base.
Negative factors
- Inferred category has lower confidence and cannot be converted to reserves.
Evidence · table
“0.27”
Context: 61,000
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
inferredMcCreedy West Mine · copperTonnes: 813000Grade: 1.46Grade Unit: %View all detailsHide details
Identity
- Project
- McCreedy West Mine
- Commodity
- copper
- Region
- canada_on
- Reported Region
- Ontario, Canada
- Ticker
- NICU
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Mr. Allan Armitage, Ph.D., P.Geo., Jonathan Cirelli, P.Geo.
- Resource group id
- resource:82c8512b61c17518312d
- Deposit or zone
- Footwall
- Mining method
- underground
Resource Data
- Category
- inferred
- Tonnes
- 813000
- Grade
- 1.46
- Grade Unit
- %
- Cutoff Grade
- 2
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2025-12-31
Metal Equivalent
- Metal Eq. Grade
- 2
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-18T00:00:00.000Z
Reasoning: Inferred Mineral Resource for copper in the Footwall Zone, reported with a strong copper grade and CuEq cut-off grade.
Positive factors
- Strong copper grade for an Inferred Resource.
- Inferred Resource for copper in the Footwall Zone, contributing to the overall resource base.
Negative factors
- Inferred category has lower confidence and cannot be converted to reserves.
Evidence · table
“1.46”
Context: 813,000
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
inferredMcCreedy West Mine · nickelTonnes: 813000Grade: 0.95Grade Unit: %View all detailsHide details
Identity
- Project
- McCreedy West Mine
- Commodity
- nickel
- Region
- canada_on
- Reported Region
- Ontario, Canada
- Ticker
- NICU
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Mr. Allan Armitage, Ph.D., P.Geo., Jonathan Cirelli, P.Geo.
- Resource group id
- resource:82c8512b61c17518312d
- Deposit or zone
- Footwall
- Mining method
- underground
Resource Data
- Category
- inferred
- Tonnes
- 813000
- Grade
- 0.95
- Grade Unit
- %
- Cutoff Grade
- 2
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2025-12-31
Metal Equivalent
- Metal Eq. Grade
- 2
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-18T00:00:00.000Z
Reasoning: Inferred Mineral Resource for nickel in the Footwall Zone, reported with a CuEq cut-off grade.
Positive factors
- Inferred Resource for nickel in the Footwall Zone, contributing to the overall resource base.
Negative factors
- Inferred category has lower confidence and cannot be converted to reserves.
Evidence · table
“0.95”
Context: 813,000
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
inferredMcCreedy West Mine · cobaltTonnes: 813000Grade: 0.02Grade Unit: %View all detailsHide details
Identity
- Project
- McCreedy West Mine
- Commodity
- cobalt
- Region
- canada_on
- Reported Region
- Ontario, Canada
- Ticker
- NICU
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Mr. Allan Armitage, Ph.D., P.Geo., Jonathan Cirelli, P.Geo.
- Resource group id
- resource:82c8512b61c17518312d
- Deposit or zone
- Footwall
- Mining method
- underground
Resource Data
- Category
- inferred
- Tonnes
- 813000
- Grade
- 0.02
- Grade Unit
- %
- Cutoff Grade
- 2
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2025-12-31
Metal Equivalent
- Metal Eq. Grade
- 2
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-18T00:00:00.000Z
Reasoning: Inferred Mineral Resource for cobalt in the Footwall Zone, reported with a CuEq cut-off grade.
Positive factors
- Inferred Resource for cobalt in the Footwall Zone, contributing to the overall resource base.
Negative factors
- Inferred category has lower confidence and cannot be converted to reserves.
Evidence · table
“0.02”
Context: 813,000
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
inferredMcCreedy West Mine · platinumTonnes: 813000Grade: 1.35Grade Unit: g/tView all detailsHide details
Identity
- Project
- McCreedy West Mine
- Commodity
- platinum
- Region
- canada_on
- Reported Region
- Ontario, Canada
- Ticker
- NICU
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Mr. Allan Armitage, Ph.D., P.Geo., Jonathan Cirelli, P.Geo.
- Resource group id
- resource:82c8512b61c17518312d
- Deposit or zone
- Footwall
- Mining method
- underground
Resource Data
- Category
- inferred
- Tonnes
- 813000
- Grade
- 1.35
- Grade Unit
- g/t
- Cutoff Grade
- 2
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2025-12-31
Metal Equivalent
- Metal Eq. Grade
- 2
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-18T00:00:00.000Z
Reasoning: Inferred Mineral Resource for platinum in the Footwall Zone, reported with a strong platinum grade and CuEq cut-off grade.
Positive factors
- Strong platinum grade for an Inferred Resource.
- Inferred Resource for platinum in the Footwall Zone, contributing to the overall resource base.
Negative factors
- Inferred category has lower confidence and cannot be converted to reserves.
Evidence · table
“1.35”
Context: 813,000
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
inferredMcCreedy West Mine · palladiumTonnes: 813000Grade: 1.33Grade Unit: g/tView all detailsHide details
Identity
- Project
- McCreedy West Mine
- Commodity
- palladium
- Region
- canada_on
- Reported Region
- Ontario, Canada
- Ticker
- NICU
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Mr. Allan Armitage, Ph.D., P.Geo., Jonathan Cirelli, P.Geo.
- Resource group id
- resource:82c8512b61c17518312d
- Deposit or zone
- Footwall
- Mining method
- underground
Resource Data
- Category
- inferred
- Tonnes
- 813000
- Grade
- 1.33
- Grade Unit
- g/t
- Cutoff Grade
- 2
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2025-12-31
Metal Equivalent
- Metal Eq. Grade
- 2
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-18T00:00:00.000Z
Reasoning: Inferred Mineral Resource for palladium in the Footwall Zone, reported with a strong palladium grade and CuEq cut-off grade.
Positive factors
- Strong palladium grade for an Inferred Resource.
- Inferred Resource for palladium in the Footwall Zone, contributing to the overall resource base.
Negative factors
- Inferred category has lower confidence and cannot be converted to reserves.
Evidence · table
“1.33”
Context: 813,000
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
inferredMcCreedy West Mine · goldTonnes: 813000Grade: 0.28Grade Unit: g/tView all detailsHide details
Identity
- Project
- McCreedy West Mine
- Commodity
- gold
- Region
- canada_on
- Reported Region
- Ontario, Canada
- Ticker
- NICU
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Mr. Allan Armitage, Ph.D., P.Geo., Jonathan Cirelli, P.Geo.
- Resource group id
- resource:82c8512b61c17518312d
- Deposit or zone
- Footwall
- Mining method
- underground
Resource Data
- Category
- inferred
- Tonnes
- 813000
- Grade
- 0.28
- Grade Unit
- g/t
- Cutoff Grade
- 2
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2025-12-31
Metal Equivalent
- Metal Eq. Grade
- 2
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-18T00:00:00.000Z
Reasoning: Inferred Mineral Resource for gold in the Footwall Zone, reported with a CuEq cut-off grade.
Positive factors
- Inferred Resource for gold in the Footwall Zone, contributing to the overall resource base.
Negative factors
- Inferred category has lower confidence and cannot be converted to reserves.
Evidence · table
“0.28”
Context: 813,000
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
inferredMcCreedy West Mine · silverTonnes: 813000Grade: 4.4Grade Unit: g/tView all detailsHide details
Identity
- Project
- McCreedy West Mine
- Commodity
- silver
- Region
- canada_on
- Reported Region
- Ontario, Canada
- Ticker
- NICU
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Mr. Allan Armitage, Ph.D., P.Geo., Jonathan Cirelli, P.Geo.
- Resource group id
- resource:82c8512b61c17518312d
- Deposit or zone
- Footwall
- Mining method
- underground
Resource Data
- Category
- inferred
- Tonnes
- 813000
- Grade
- 4.4
- Grade Unit
- g/t
- Cutoff Grade
- 2
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2025-12-31
Metal Equivalent
- Metal Eq. Grade
- 2
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-18T00:00:00.000Z
Reasoning: Inferred Mineral Resource for silver in the Footwall Zone, reported with a CuEq cut-off grade.
Positive factors
- Inferred Resource for silver in the Footwall Zone, contributing to the overall resource base.
Negative factors
- Inferred category has lower confidence and cannot be converted to reserves.
Evidence · table
“4.40”
Context: 813,000
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
inferredMcCreedy West Mine · copperTonnes: 874000Grade: 1.37Grade Unit: %View all detailsHide details
Identity
- Project
- McCreedy West Mine
- Commodity
- copper
- Region
- canada_on
- Reported Region
- Ontario, Canada
- Ticker
- NICU
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Mr. Allan Armitage, Ph.D., P.Geo., Jonathan Cirelli, P.Geo.
- Resource group id
- resource:562b61c3d54815929c1a
- Mining method
- underground
Resource Data
- Category
- inferred
- Tonnes
- 874000
- Grade
- 1.37
- Grade Unit
- %
Prior Estimate
- Resource Date
- 2025-12-31
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-18T00:00:00.000Z
Reasoning: Total Inferred Mineral Resource for copper, reflecting the updated estimate.
Positive factors
- Total Inferred Resource for copper, contributing to the overall resource base.
Negative factors
- Inferred category has lower confidence and cannot be converted to reserves.
Evidence · table
“1.37”
Context: 874,000
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
inferredMcCreedy West Mine · nickelTonnes: 874000Grade: 1Grade Unit: %View all detailsHide details
Identity
- Project
- McCreedy West Mine
- Commodity
- nickel
- Region
- canada_on
- Reported Region
- Ontario, Canada
- Ticker
- NICU
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Mr. Allan Armitage, Ph.D., P.Geo., Jonathan Cirelli, P.Geo.
- Resource group id
- resource:562b61c3d54815929c1a
- Mining method
- underground
Resource Data
- Category
- inferred
- Tonnes
- 874000
- Grade
- 1
- Grade Unit
- %
Prior Estimate
- Resource Date
- 2025-12-31
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-18T00:00:00.000Z
Reasoning: Total Inferred Mineral Resource for nickel, reflecting the updated estimate.
Positive factors
- Total Inferred Resource for nickel, contributing to the overall resource base.
Negative factors
- Inferred category has lower confidence and cannot be converted to reserves.
Evidence · table
“1.00”
Context: 874,000
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
inferredMcCreedy West Mine · cobaltTonnes: 874000Grade: 0.02Grade Unit: %View all detailsHide details
Identity
- Project
- McCreedy West Mine
- Commodity
- cobalt
- Region
- canada_on
- Reported Region
- Ontario, Canada
- Ticker
- NICU
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Mr. Allan Armitage, Ph.D., P.Geo., Jonathan Cirelli, P.Geo.
- Resource group id
- resource:562b61c3d54815929c1a
- Mining method
- underground
Resource Data
- Category
- inferred
- Tonnes
- 874000
- Grade
- 0.02
- Grade Unit
- %
Prior Estimate
- Resource Date
- 2025-12-31
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-18T00:00:00.000Z
Reasoning: Total Inferred Mineral Resource for cobalt, reflecting the updated estimate.
Positive factors
- Total Inferred Resource for cobalt, contributing to the overall resource base.
Negative factors
- Inferred category has lower confidence and cannot be converted to reserves.
Evidence · table
“0.02”
Context: 874,000
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
inferredMcCreedy West Mine · platinumTonnes: 874000Grade: 1.26Grade Unit: g/tView all detailsHide details
Identity
- Project
- McCreedy West Mine
- Commodity
- platinum
- Region
- canada_on
- Reported Region
- Ontario, Canada
- Ticker
- NICU
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Mr. Allan Armitage, Ph.D., P.Geo., Jonathan Cirelli, P.Geo.
- Resource group id
- resource:562b61c3d54815929c1a
- Mining method
- underground
Resource Data
- Category
- inferred
- Tonnes
- 874000
- Grade
- 1.26
- Grade Unit
- g/t
Prior Estimate
- Resource Date
- 2025-12-31
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-18T00:00:00.000Z
Reasoning: Total Inferred Mineral Resource for platinum, reflecting the updated estimate.
Positive factors
- Total Inferred Resource for platinum, contributing to the overall resource base.
Negative factors
- Inferred category has lower confidence and cannot be converted to reserves.
Evidence · table
“1.26”
Context: 874,000
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
inferredMcCreedy West Mine · palladiumTonnes: 874000Grade: 1.24Grade Unit: g/tView all detailsHide details
Identity
- Project
- McCreedy West Mine
- Commodity
- palladium
- Region
- canada_on
- Reported Region
- Ontario, Canada
- Ticker
- NICU
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Mr. Allan Armitage, Ph.D., P.Geo., Jonathan Cirelli, P.Geo.
- Resource group id
- resource:562b61c3d54815929c1a
- Mining method
- underground
Resource Data
- Category
- inferred
- Tonnes
- 874000
- Grade
- 1.24
- Grade Unit
- g/t
Prior Estimate
- Resource Date
- 2025-12-31
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-18T00:00:00.000Z
Reasoning: Total Inferred Mineral Resource for palladium, reflecting the updated estimate.
Positive factors
- Total Inferred Resource for palladium, contributing to the overall resource base.
Negative factors
- Inferred category has lower confidence and cannot be converted to reserves.
Evidence · table
“1.24”
Context: 874,000
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
inferredMcCreedy West Mine · goldTonnes: 874000Grade: 0.26Grade Unit: g/tView all detailsHide details
Identity
- Project
- McCreedy West Mine
- Commodity
- gold
- Region
- canada_on
- Reported Region
- Ontario, Canada
- Ticker
- NICU
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Mr. Allan Armitage, Ph.D., P.Geo., Jonathan Cirelli, P.Geo.
- Resource group id
- resource:562b61c3d54815929c1a
- Mining method
- underground
Resource Data
- Category
- inferred
- Tonnes
- 874000
- Grade
- 0.26
- Grade Unit
- g/t
Prior Estimate
- Resource Date
- 2025-12-31
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-18T00:00:00.000Z
Reasoning: Total Inferred Mineral Resource for gold, reflecting the updated estimate.
Positive factors
- Total Inferred Resource for gold, contributing to the overall resource base.
Negative factors
- Inferred category has lower confidence and cannot be converted to reserves.
Evidence · table
“0.26”
Context: 874,000
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
inferredMcCreedy West Mine · silverTonnes: 874000Grade: 4.12Grade Unit: g/tView all detailsHide details
Identity
- Project
- McCreedy West Mine
- Commodity
- silver
- Region
- canada_on
- Reported Region
- Ontario, Canada
- Ticker
- NICU
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Mr. Allan Armitage, Ph.D., P.Geo., Jonathan Cirelli, P.Geo.
- Resource group id
- resource:562b61c3d54815929c1a
- Mining method
- underground
Resource Data
- Category
- inferred
- Tonnes
- 874000
- Grade
- 4.12
- Grade Unit
- g/t
Prior Estimate
- Resource Date
- 2025-12-31
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-18T00:00:00.000Z
Reasoning: Total Inferred Mineral Resource for silver, reflecting the updated estimate.
Positive factors
- Total Inferred Resource for silver, contributing to the overall resource base.
Negative factors
- Inferred category has lower confidence and cannot be converted to reserves.
Evidence · table
“4.12”
Context: 874,000
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
How Atlas produces this analysis
Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.