# Nickel 28 Royalty Portfolio Update Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/nickel-28-royalty-portfolio-update--e0775774-6bca-4af3-92ed-e5e268df0416 Original source: https://orestocks.com/company/NKL.V/press-releases/5166351256943208 Publisher: orestocks Original announcement: 2026-09-14T11:00:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: Nickel 28 Capital Corp. - Ticker: NKL - Exchange: Unavailable - Region: Unavailable - Primary commodity: Nickel - Secondary commodities: Cobalt, Scandium - Document categories: Resource update, Other - Extracted: 2026-09-14 12:00:56 UTC Narrative sentiment: 0.40 · Bullish ## Minestarters Atlas summary Nickel 28 Capital Corp. provided an update on its royalty portfolio, noting permitting extensions at the Dumont project and the advancement of the Flemington and Nyngan projects through PFS and DFS stages. The company highlighted the strategic importance of its nickel, cobalt, and scandium exposure to critical mineral supply chains. Reasoning: Portfolio update highlighting progress across multiple royalty assets, including permitting milestones and study advancements. - Positive factor: Permitting progress at Dumont - Positive factor: Regulatory certainty via Quebec government support - Positive factor: Advancement of Flemington to PFS stage - Positive factor: DFS update underway at Nyngan Facts used in scoring: 3 ## Classification and evidence **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: The document provides an update on the status and recent developments of several royalty projects. Evidence · text > Nickel 28 Royalty Portfolio Update **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: The Flemington resource estimate is explicitly stated as a JORC 2012 mineral resource estimate. Evidence · text > Australian Mines Limited reports a JORC 2012 mineral resource estimate ## Extracted facts Stored fact records: 3. Some facts used in scoring do not have a stored record. ## Resource Estimates (3) ### measured [Link to this fact](https://atlas-extractions.minestarters.com/news/nickel-28-royalty-portfolio-update--e0775774-6bca-4af3-92ed-e5e268df0416#fact-resource-facts-0) Flemington · scandium Historical result Needs review: historical\_restatement #### Identity - Project: Flemington - Commodity: scandium - Region: australia\_nsw - Reported Region: New South Wales, Australia - Ticker: NKL #### Resource scope - Estimate type: resource - Reporting standards: jorc - Resource group id: resource:77132f6853b471d7d796 - Deposit or zone: Flemington #### Resource Data - Category: measured - Tonnes: 3120000 - Grade: 455 - Grade Unit: ppm - Cutoff Grade: 300 - Cutoff Unit: ppm scandium #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2025-01-08T00:00:00.000Z #### Dates - Event date: 2026-09-14T00:00:00.000Z Reasoning: Measured resource component of the Flemington project, restating a JORC 2012 estimate from Jan 2025. Evidence · text > 3.12 million tonnes in the measured category grading 455 ppm scandium #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: 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 **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/nickel-28-royalty-portfolio-update--e0775774-6bca-4af3-92ed-e5e268df0416#fact-resource-facts-1) Flemington · scandium Historical result Needs review: historical\_restatement #### Identity - Project: Flemington - Commodity: scandium - Region: australia\_nsw - Reported Region: New South Wales, Australia - Ticker: NKL #### Resource scope - Estimate type: resource - Reporting standards: jorc - Resource group id: resource:f4ebdaa24e53036be9d3 - Deposit or zone: Flemington #### Resource Data - Category: indicated - Tonnes: 3020000 - Grade: 441 - Grade Unit: ppm - Cutoff Grade: 300 - Cutoff Unit: ppm scandium #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2025-01-08T00:00:00.000Z #### Dates - Event date: 2026-09-14T00:00:00.000Z Reasoning: Indicated resource component of the Flemington project, restating a JORC 2012 estimate from Jan 2025. Evidence · text > 3.02 million tonnes in the indicated category grading 441 ppm scandium #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: 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 **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/nickel-28-royalty-portfolio-update--e0775774-6bca-4af3-92ed-e5e268df0416#fact-resource-facts-2) Flemington · scandium Historical result Needs review: historical\_restatement #### Identity - Project: Flemington - Commodity: scandium - Region: australia\_nsw - Reported Region: New South Wales, Australia - Ticker: NKL #### Resource scope - Estimate type: resource - Reporting standards: jorc - Resource group id: resource:f31709c391388feed058 - Deposit or zone: Flemington #### Resource Data - Category: inferred - Tonnes: 150000 - Grade: 371 - Grade Unit: ppm - Cutoff Grade: 300 - Cutoff Unit: ppm scandium #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2025-01-08T00:00:00.000Z #### Dates - Event date: 2026-09-14T00:00:00.000Z Reasoning: Inferred resource component of the Flemington project, restating a JORC 2012 estimate from Jan 2025. Evidence · text > 0.15 million tonnes in the inferred category grading 371 ppm scandium #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: 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 **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. 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.