Nickel Creek Platinum Announces Positive PFS for its Nickel Shäw Project

Original announcement by tmx on

Company
Nickel Creek Platinum Corp.
Ticker
NCP
Exchange
TSX
Region
Yukon, Canada
Primary commodity
Nickel
Secondary commodities
Copper, Cobalt, Palladium, Platinum, Gold, Magnesium, Sulfur
Document categories
Resource update, Metallurgy
Extracted
2026-09-12 15:27:27 UTC

Analysis by Minestarters Atlas

Minestarters Atlas analysis

Summary

Nickel Creek Platinum announced a positive Pre-Feasibility Study (PFS) for its Nickel Shäw Project in Yukon, Canada, reporting an after-tax NPV of $143 million and an IRR of 5.8%. The project hosts a substantial updated mineral resource estimate, with 79.3% in the Measured and Indicated categories, containing over 2.4 billion pounds of nickel and 1.2 billion pounds of copper. The PFS outlines a conventional open pit operation with a 45,000 tpd concentrator, and identifies opportunities for value enhancement through energy cost reductions, metallurgical optimization, and further exploration.

Reasoning: The positive PFS for the Nickel Shäw Project outlines a large polymetallic resource with high Measured and Indicated confidence, but presents relatively low after-tax NPV and IRR. While the resource scale is significant, average grades are low, and metallurgical recoveries are currently based on theoretical calculations rather than actual test results, indicating areas for further optimization and de-risking.

Positive factors

  • large_resource_base
  • high_measured_indicated_confidence
  • qp_signed
  • ni_43_101_compliant
  • pfs_completed
  • identified_value_enhancement_opportunities

Negative factors

  • low_pfs_economics
  • low_average_grades
  • theoretical_recoveries_only
  • long_payback_period
  • complex_mineralogy_indicated

Low confidence — this extraction should be reviewed alongside the original source.

Facts used in scoring: 56

Classification and evidence

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: The document announces an updated mineral resource estimate with an effective date of April 3, 2023.

Evidence · text

“On June 1, 2023, the Company announced an updated mineral resource estimate with an effective date of April 3, 2023”

PFS-Supportingneutral

Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.

Why it applies: The resource estimate and metallurgical work are presented as part of a Pre-Feasibility Study.

Evidence · text

“results of a positive pre-feasibility study ("PFS")”

Measured Resourcepositive

Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.

Why it applies: The resource estimate includes a Measured category of 122,363 ktonnes.

Evidence · table

“Measured”

Context: 122,363

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: The resource estimate includes an Indicated category of 314,332 ktonnes.

Evidence · table

“Indicated”

Context: 314,332

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: The resource estimate includes an Inferred category of 114,016 ktonnes.

Evidence · table

“Inferred”

Context: 114,016

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 technical information was reviewed and approved by Gordon Zurowski of AGP and Gordon Marrs of XPS, both 'qualified persons' as defined in NI 43-101.

Evidence · text

“Gordon Zurowski of AGP. Mr. Zurowski is a "qualified person" as defined in NI 43-101”

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: The technical information was reviewed and approved by 'qualified persons' as defined in NI 43-101.

Evidence · text

“Mr. Zurowski is a "qualified person" as defined in NI 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101")”

Contained Metal Growthpositive

True scale improvement — contained metal ounces/tonnes increased vs prior, accounting for both tonnage and grade changes.

Why it applies: The project contains over 2.4 billion pounds of nickel and 1.2 billion pounds of copper in the Measured and Indicated categories, indicating a significant scale.

Evidence · text

“With over 2.4 billion pounds of nickel, 1.2 billion pounds of copper, 6.9 million ounces of PGMs and 137 million pounds of cobalt in the measured and indicated mineral resource categories”

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: NSR cut-off grades ranging from $17.30 to $17.61 Canadian dollars are disclosed for the resource determination.

Evidence · text

“NSR cut-off grades range from $17.30 to $17.61 Canadian dollars”

Mill Routeneutral

Processing via mill or concentrator (CIL, CIP, tank leach, flotation).

Why it applies: The PFS contemplates processing ore through a conventional Ni-Cu-PGM flotation concentrator.

Evidence · text

“The ore would be fed into a conventional Ni-Cu-PGM flotation concentrator”

Theoretical Recovery Onlynegative

Only theoretical or liberation-derived recovery reported, with no actual test result.

Why it applies: Metallurgical recoveries for Co, Pd, Pt, Au are presented as calculated percentages, and Ni/Cu recoveries are based on equations, rather than actual test results.

Evidence · text

“Calculated process recoveries by concentrate type”

Low Recoverynegative

Recovery below the weak band for the commodity and processing route.

Why it applies: Calculated gold recovery to bulk concentrate is 74.4%, which is below the weak band for gold flotation.

Evidence · table

“74.4 %”

Context: Bulk con:

Multi-Domain Testedpositive

Variability across ore domains (oxide, transition, fresh) has been addressed.

Why it applies: The technical information related to metallurgical testing includes '2022-23 variability testwork', suggesting multiple ore domains were considered.

Evidence · text

“2022-23 variability testwork”

Refractory Orenegative

Ore requires oxidation/pressure treatment before recovery — a processing and recovery risk.

Why it applies: The presence of brucite in ultramafic rocks, assessed for carbon sequestration, indicates complex mineralogy that could impact processing.

Evidence · text

“Test work conducted in 2022 confirmed the presence of brucite (a magnesium-rich mineral known to react quickly with CO2 in air)”

Extracted facts

Stored fact records: 56. Some facts used in scoring do not have a stored record.

Resource Estimates (52)

measuredNickel Shäw Project · nickelTonnes: 122363000Grade: 0.25Grade Unit: %Contained Metal: 679Contained Unit: m lbsView all details
Link to this fact

Identity

Project
Nickel Shäw Project
Commodity
nickel
Region
canada_yt
Reported Region
Yukon, Canada
Ticker
NCP

Resource scope

Estimate type
resource
Effective date
2023-04-03T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Gordon Zurowski, Cameron Bell
Resource group id
resource:5e6e524ee31909cc8158
Mining method
open_pit
Ownership percent
100 %

Resource Data

Category
measured
Tonnes
122363000
Grade
0.25
Grade Unit
%
Contained Metal
679
Contained Unit
m lbs

Prior Estimate

Resource Date
2023-04-03

Review

Needs Review
No
Historical
No

Dates

Event date
2023-08-24T00:00:00.000Z

Reasoning: Measured resource of 122.4 Mt at 0.25% Ni, contributing to a significant overall resource base.

Positive factors

  • large_tonnage
  • high_confidence_category

Evidence · table

“0.25”

Context: 122,363

Tags used in scoring

Measured Resourcepositive

Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.

Why it applies: category is "measured"

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

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

DFS-Supportingneutral

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

measuredNickel Shäw Project · copperTonnes: 122363000Grade: 0.15Grade Unit: %Contained Metal: 411Contained Unit: m lbsView all details
Link to this fact

Identity

Project
Nickel Shäw Project
Commodity
copper
Region
canada_yt
Reported Region
Yukon, Canada
Ticker
NCP

Resource scope

Estimate type
resource
Effective date
2023-04-03T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Gordon Zurowski, Cameron Bell
Resource group id
resource:5e6e524ee31909cc8158
Mining method
open_pit
Ownership percent
100 %

Resource Data

Category
measured
Tonnes
122363000
Grade
0.15
Grade Unit
%
Contained Metal
411
Contained Unit
m lbs

Prior Estimate

Resource Date
2023-04-03

Review

Needs Review
No
Historical
No

Dates

Event date
2023-08-24T00:00:00.000Z

Reasoning: Measured resource of 122.4 Mt at 0.15% Cu, adding to the polymetallic nature of the deposit.

Positive factors

  • large_tonnage
  • high_confidence_category

Evidence · table

“0.15”

Context: 122,363

Tags used in scoring

Measured Resourcepositive

Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.

Why it applies: category is "measured"

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

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

DFS-Supportingneutral

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

measuredNickel Shäw Project · cobaltTonnes: 122363000Grade: 0.014Grade Unit: %Contained Metal: 38Contained Unit: m lbsView all details
Link to this fact

Identity

Project
Nickel Shäw Project
Commodity
cobalt
Region
canada_yt
Reported Region
Yukon, Canada
Ticker
NCP

Resource scope

Estimate type
resource
Effective date
2023-04-03T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Gordon Zurowski, Cameron Bell
Resource group id
resource:5e6e524ee31909cc8158
Mining method
open_pit
Ownership percent
100 %

Resource Data

Category
measured
Tonnes
122363000
Grade
0.014
Grade Unit
%
Contained Metal
38
Contained Unit
m lbs

Prior Estimate

Resource Date
2023-04-03

Review

Needs Review
No
Historical
No

Dates

Event date
2023-08-24T00:00:00.000Z

Reasoning: Measured resource of 122.4 Mt at 0.014% Co, providing a valuable byproduct.

Positive factors

  • large_tonnage
  • high_confidence_category

Evidence · table

“0.014”

Context: 122,363

Tags used in scoring

Measured Resourcepositive

Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.

Why it applies: category is "measured"

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

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

DFS-Supportingneutral

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

measuredNickel Shäw Project · palladiumTonnes: 122363000Grade: 0.23Grade Unit: g/tContained Metal: 905Contained Unit: k ozsView all details
Link to this fact

Identity

Project
Nickel Shäw Project
Commodity
palladium
Region
canada_yt
Reported Region
Yukon, Canada
Ticker
NCP

Resource scope

Estimate type
resource
Effective date
2023-04-03T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Gordon Zurowski, Cameron Bell
Resource group id
resource:5e6e524ee31909cc8158
Mining method
open_pit
Ownership percent
100 %

Resource Data

Category
measured
Tonnes
122363000
Grade
0.23
Grade Unit
g/t
Contained Metal
905
Contained Unit
k ozs

Prior Estimate

Resource Date
2023-04-03

Review

Needs Review
No
Historical
No

Dates

Event date
2023-08-24T00:00:00.000Z

Reasoning: Measured resource of 122.4 Mt at 0.23 g/t Pd, contributing to the PGM basket.

Positive factors

  • large_tonnage
  • high_confidence_category

Evidence · table

“0.23”

Context: 122,363

Tags used in scoring

Measured Resourcepositive

Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.

Why it applies: category is "measured"

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

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

DFS-Supportingneutral

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

measuredNickel Shäw Project · platinumTonnes: 122363000Grade: 0.24Grade Unit: g/tContained Metal: 944Contained Unit: k ozsView all details
Link to this fact

Identity

Project
Nickel Shäw Project
Commodity
platinum
Region
canada_yt
Reported Region
Yukon, Canada
Ticker
NCP

Resource scope

Estimate type
resource
Effective date
2023-04-03T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Gordon Zurowski, Cameron Bell
Resource group id
resource:5e6e524ee31909cc8158
Mining method
open_pit
Ownership percent
100 %

Resource Data

Category
measured
Tonnes
122363000
Grade
0.24
Grade Unit
g/t
Contained Metal
944
Contained Unit
k ozs

Prior Estimate

Resource Date
2023-04-03

Review

Needs Review
No
Historical
No

Dates

Event date
2023-08-24T00:00:00.000Z

Reasoning: Measured resource of 122.4 Mt at 0.24 g/t Pt, contributing to the PGM basket.

Positive factors

  • large_tonnage
  • high_confidence_category

Evidence · table

“0.24”

Context: 122,363

Tags used in scoring

Measured Resourcepositive

Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.

Why it applies: category is "measured"

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

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

DFS-Supportingneutral

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

measuredNickel Shäw Project · goldTonnes: 122363000Grade: 0.05Grade Unit: g/tContained Metal: 184Contained Unit: k ozsView all details
Link to this fact

Identity

Project
Nickel Shäw Project
Commodity
gold
Region
canada_yt
Reported Region
Yukon, Canada
Ticker
NCP

Resource scope

Estimate type
resource
Effective date
2023-04-03T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Gordon Zurowski, Cameron Bell
Resource group id
resource:5e6e524ee31909cc8158
Mining method
open_pit
Ownership percent
100 %

Resource Data

Category
measured
Tonnes
122363000
Grade
0.05
Grade Unit
g/t
Contained Metal
184
Contained Unit
k ozs

Prior Estimate

Resource Date
2023-04-03

Review

Needs Review
No
Historical
No

Dates

Event date
2023-08-24T00:00:00.000Z

Reasoning: Measured resource of 122.4 Mt at 0.05 g/t Au, adding to the polymetallic value.

Positive factors

  • large_tonnage
  • high_confidence_category

Evidence · table

“0.05”

Context: 122,363

Tags used in scoring

Measured Resourcepositive

Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.

Why it applies: category is "measured"

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

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

DFS-Supportingneutral

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

measuredNickel Shäw Project · magnesiumTonnes: 122363000Grade: 16.03Grade Unit: %View all details
Link to this fact

Identity

Project
Nickel Shäw Project
Commodity
magnesium
Region
canada_yt
Reported Region
Yukon, Canada
Ticker
NCP

Resource scope

Estimate type
resource
Effective date
2023-04-03T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Gordon Zurowski, Cameron Bell
Resource group id
resource:5e6e524ee31909cc8158
Mining method
open_pit
Ownership percent
100 %

Resource Data

Category
measured
Tonnes
122363000
Grade
16.03
Grade Unit
%

Prior Estimate

Resource Date
2023-04-03

Review

Needs Review
No
Historical
No

Dates

Event date
2023-08-24T00:00:00.000Z

Reasoning: Measured resource of 122.4 Mt at 16.03% Mg, noted as a constituent of the ultramafic host rock.

Evidence · table

“16.03”

Context: 122,363

Tags used in scoring

Measured Resourcepositive

Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.

Why it applies: category is "measured"

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

DFS-Supportingneutral

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

measuredNickel Shäw Project · sulfurTonnes: 122363000Grade: 0.78Grade Unit: %View all details
Link to this fact

Identity

Project
Nickel Shäw Project
Commodity
sulfur
Region
canada_yt
Reported Region
Yukon, Canada
Ticker
NCP

Resource scope

Estimate type
resource
Effective date
2023-04-03T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Gordon Zurowski, Cameron Bell
Resource group id
resource:5e6e524ee31909cc8158
Mining method
open_pit
Ownership percent
100 %

Resource Data

Category
measured
Tonnes
122363000
Grade
0.78
Grade Unit
%

Prior Estimate

Resource Date
2023-04-03

Review

Needs Review
No
Historical
No

Dates

Event date
2023-08-24T00:00:00.000Z

Reasoning: Measured resource of 122.4 Mt at 0.78% S, relevant for metallurgical considerations.

Evidence · table

“0.78”

Context: 122,363

Tags used in scoring

Measured Resourcepositive

Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.

Why it applies: category is "measured"

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

DFS-Supportingneutral

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

indicatedNickel Shäw Project · nickelTonnes: 314332000Grade: 0.26Grade Unit: %Contained Metal: 1792Contained Unit: m lbsView all details
Link to this fact

Identity

Project
Nickel Shäw Project
Commodity
nickel
Region
canada_yt
Reported Region
Yukon, Canada
Ticker
NCP

Resource scope

Estimate type
resource
Effective date
2023-04-03T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Gordon Zurowski, Cameron Bell
Resource group id
resource:a70b7aba3d0ba091c95f
Mining method
open_pit
Ownership percent
100 %

Resource Data

Category
indicated
Tonnes
314332000
Grade
0.26
Grade Unit
%
Contained Metal
1792
Contained Unit
m lbs

Prior Estimate

Resource Date
2023-04-03

Review

Needs Review
No
Historical
No

Dates

Event date
2023-08-24T00:00:00.000Z

Reasoning: Indicated resource of 314.3 Mt at 0.26% Ni, significantly contributing to the overall resource base.

Positive factors

  • large_tonnage
  • high_confidence_category

Evidence · table

“0.26”

Context: 314,332

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

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

DFS-Supportingneutral

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

indicatedNickel Shäw Project · copperTonnes: 314332000Grade: 0.13Grade Unit: %Contained Metal: 871Contained Unit: m lbsView all details
Link to this fact

Identity

Project
Nickel Shäw Project
Commodity
copper
Region
canada_yt
Reported Region
Yukon, Canada
Ticker
NCP

Resource scope

Estimate type
resource
Effective date
2023-04-03T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Gordon Zurowski, Cameron Bell
Resource group id
resource:a70b7aba3d0ba091c95f
Mining method
open_pit
Ownership percent
100 %

Resource Data

Category
indicated
Tonnes
314332000
Grade
0.13
Grade Unit
%
Contained Metal
871
Contained Unit
m lbs

Prior Estimate

Resource Date
2023-04-03

Review

Needs Review
No
Historical
No

Dates

Event date
2023-08-24T00:00:00.000Z

Reasoning: Indicated resource of 314.3 Mt at 0.13% Cu, adding to the polymetallic nature of the deposit.

Positive factors

  • large_tonnage
  • high_confidence_category

Evidence · table

“0.13”

Context: 314,332

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

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

DFS-Supportingneutral

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

indicatedNickel Shäw Project · cobaltTonnes: 314332000Grade: 0.014Grade Unit: %Contained Metal: 99Contained Unit: m lbsView all details
Link to this fact

Identity

Project
Nickel Shäw Project
Commodity
cobalt
Region
canada_yt
Reported Region
Yukon, Canada
Ticker
NCP

Resource scope

Estimate type
resource
Effective date
2023-04-03T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Gordon Zurowski, Cameron Bell
Resource group id
resource:a70b7aba3d0ba091c95f
Mining method
open_pit
Ownership percent
100 %

Resource Data

Category
indicated
Tonnes
314332000
Grade
0.014
Grade Unit
%
Contained Metal
99
Contained Unit
m lbs

Prior Estimate

Resource Date
2023-04-03

Review

Needs Review
No
Historical
No

Dates

Event date
2023-08-24T00:00:00.000Z

Reasoning: Indicated resource of 314.3 Mt at 0.014% Co, providing a valuable byproduct.

Positive factors

  • large_tonnage
  • high_confidence_category

Evidence · table

“0.014”

Context: 314,332

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

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

DFS-Supportingneutral

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

indicatedNickel Shäw Project · palladiumTonnes: 314332000Grade: 0.24Grade Unit: g/tContained Metal: 2385Contained Unit: k ozsView all details
Link to this fact

Identity

Project
Nickel Shäw Project
Commodity
palladium
Region
canada_yt
Reported Region
Yukon, Canada
Ticker
NCP

Resource scope

Estimate type
resource
Effective date
2023-04-03T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Gordon Zurowski, Cameron Bell
Resource group id
resource:a70b7aba3d0ba091c95f
Mining method
open_pit
Ownership percent
100 %

Resource Data

Category
indicated
Tonnes
314332000
Grade
0.24
Grade Unit
g/t
Contained Metal
2385
Contained Unit
k ozs

Prior Estimate

Resource Date
2023-04-03

Review

Needs Review
No
Historical
No

Dates

Event date
2023-08-24T00:00:00.000Z

Reasoning: Indicated resource of 314.3 Mt at 0.24 g/t Pd, contributing to the PGM basket.

Positive factors

  • large_tonnage
  • high_confidence_category

Evidence · table

“0.24”

Context: 314,332

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

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

DFS-Supportingneutral

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

indicatedNickel Shäw Project · platinumTonnes: 314332000Grade: 0.22Grade Unit: g/tContained Metal: 2197Contained Unit: k ozsView all details
Link to this fact

Identity

Project
Nickel Shäw Project
Commodity
platinum
Region
canada_yt
Reported Region
Yukon, Canada
Ticker
NCP

Resource scope

Estimate type
resource
Effective date
2023-04-03T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Gordon Zurowski, Cameron Bell
Resource group id
resource:a70b7aba3d0ba091c95f
Mining method
open_pit
Ownership percent
100 %

Resource Data

Category
indicated
Tonnes
314332000
Grade
0.22
Grade Unit
g/t
Contained Metal
2197
Contained Unit
k ozs

Prior Estimate

Resource Date
2023-04-03

Review

Needs Review
No
Historical
No

Dates

Event date
2023-08-24T00:00:00.000Z

Reasoning: Indicated resource of 314.3 Mt at 0.22 g/t Pt, contributing to the PGM basket.

Positive factors

  • large_tonnage
  • high_confidence_category

Evidence · table

“0.22”

Context: 314,332

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

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

DFS-Supportingneutral

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

indicatedNickel Shäw Project · goldTonnes: 314332000Grade: 0.04Grade Unit: g/tContained Metal: 361Contained Unit: k ozsView all details
Link to this fact

Identity

Project
Nickel Shäw Project
Commodity
gold
Region
canada_yt
Reported Region
Yukon, Canada
Ticker
NCP

Resource scope

Estimate type
resource
Effective date
2023-04-03T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Gordon Zurowski, Cameron Bell
Resource group id
resource:a70b7aba3d0ba091c95f
Mining method
open_pit
Ownership percent
100 %

Resource Data

Category
indicated
Tonnes
314332000
Grade
0.04
Grade Unit
g/t
Contained Metal
361
Contained Unit
k ozs

Prior Estimate

Resource Date
2023-04-03

Review

Needs Review
No
Historical
No

Dates

Event date
2023-08-24T00:00:00.000Z

Reasoning: Indicated resource of 314.3 Mt at 0.04 g/t Au, adding to the polymetallic value.

Positive factors

  • large_tonnage
  • high_confidence_category

Evidence · table

“0.04”

Context: 314,332

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

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

DFS-Supportingneutral

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

indicatedNickel Shäw Project · magnesiumTonnes: 314332000Grade: 17.26Grade Unit: %View all details
Link to this fact

Identity

Project
Nickel Shäw Project
Commodity
magnesium
Region
canada_yt
Reported Region
Yukon, Canada
Ticker
NCP

Resource scope

Estimate type
resource
Effective date
2023-04-03T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Gordon Zurowski, Cameron Bell
Resource group id
resource:a70b7aba3d0ba091c95f
Mining method
open_pit
Ownership percent
100 %

Resource Data

Category
indicated
Tonnes
314332000
Grade
17.26
Grade Unit
%

Prior Estimate

Resource Date
2023-04-03

Review

Needs Review
No
Historical
No

Dates

Event date
2023-08-24T00:00:00.000Z

Reasoning: Indicated resource of 314.3 Mt at 17.26% Mg, noted as a constituent of the ultramafic host rock.

Evidence · table

“17.26”

Context: 314,332

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

DFS-Supportingneutral

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

indicatedNickel Shäw Project · sulfurTonnes: 314332000Grade: 0.64Grade Unit: %View all details
Link to this fact

Identity

Project
Nickel Shäw Project
Commodity
sulfur
Region
canada_yt
Reported Region
Yukon, Canada
Ticker
NCP

Resource scope

Estimate type
resource
Effective date
2023-04-03T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Gordon Zurowski, Cameron Bell
Resource group id
resource:a70b7aba3d0ba091c95f
Mining method
open_pit
Ownership percent
100 %

Resource Data

Category
indicated
Tonnes
314332000
Grade
0.64
Grade Unit
%

Prior Estimate

Resource Date
2023-04-03

Review

Needs Review
No
Historical
No

Dates

Event date
2023-08-24T00:00:00.000Z

Reasoning: Indicated resource of 314.3 Mt at 0.64% S, relevant for metallurgical considerations.

Evidence · table

“0.64”

Context: 314,332

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

DFS-Supportingneutral

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

inferredNickel Shäw Project · nickelTonnes: 114016000Grade: 0.27Grade Unit: %Contained Metal: 668Contained Unit: m lbsView all details
Link to this fact

Identity

Project
Nickel Shäw Project
Commodity
nickel
Region
canada_yt
Reported Region
Yukon, Canada
Ticker
NCP

Resource scope

Estimate type
resource
Effective date
2023-04-03T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Gordon Zurowski, Cameron Bell
Resource group id
resource:832a4dde8dce862846e0
Mining method
open_pit
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
114016000
Grade
0.27
Grade Unit
%
Contained Metal
668
Contained Unit
m lbs

Prior Estimate

Resource Date
2023-04-03

Review

Needs Review
No
Historical
No

Dates

Event date
2023-08-24T00:00:00.000Z

Reasoning: Inferred resource of 114.0 Mt at 0.27% Ni, representing potential but with lower geological confidence.

Positive factors

  • large_tonnage

Negative factors

  • low_confidence_category

Evidence · table

“0.27”

Context: 114,016

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

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

DFS-Supportingneutral

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

inferredNickel Shäw Project · copperTonnes: 114016000Grade: 0.13Grade Unit: %Contained Metal: 339Contained Unit: m lbsView all details
Link to this fact

Identity

Project
Nickel Shäw Project
Commodity
copper
Region
canada_yt
Reported Region
Yukon, Canada
Ticker
NCP

Resource scope

Estimate type
resource
Effective date
2023-04-03T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Gordon Zurowski, Cameron Bell
Resource group id
resource:832a4dde8dce862846e0
Mining method
open_pit
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
114016000
Grade
0.13
Grade Unit
%
Contained Metal
339
Contained Unit
m lbs

Prior Estimate

Resource Date
2023-04-03

Review

Needs Review
No
Historical
No

Dates

Event date
2023-08-24T00:00:00.000Z

Reasoning: Inferred resource of 114.0 Mt at 0.13% Cu, representing potential but with lower geological confidence.

Positive factors

  • large_tonnage

Negative factors

  • low_confidence_category

Evidence · table

“0.13”

Context: 114,016

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

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

DFS-Supportingneutral

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

inferredNickel Shäw Project · cobaltTonnes: 114016000Grade: 0.015Grade Unit: %Contained Metal: 37Contained Unit: m lbsView all details
Link to this fact

Identity

Project
Nickel Shäw Project
Commodity
cobalt
Region
canada_yt
Reported Region
Yukon, Canada
Ticker
NCP

Resource scope

Estimate type
resource
Effective date
2023-04-03T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Gordon Zurowski, Cameron Bell
Resource group id
resource:832a4dde8dce862846e0
Mining method
open_pit
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
114016000
Grade
0.015
Grade Unit
%
Contained Metal
37
Contained Unit
m lbs

Prior Estimate

Resource Date
2023-04-03

Review

Needs Review
No
Historical
No

Dates

Event date
2023-08-24T00:00:00.000Z

Reasoning: Inferred resource of 114.0 Mt at 0.015% Co, representing potential but with lower geological confidence.

Positive factors

  • large_tonnage

Negative factors

  • low_confidence_category

Evidence · table

“0.015”

Context: 114,016

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

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

DFS-Supportingneutral

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

inferredNickel Shäw Project · palladiumTonnes: 114016000Grade: 0.25Grade Unit: g/tContained Metal: 916Contained Unit: k ozsView all details
Link to this fact

Identity

Project
Nickel Shäw Project
Commodity
palladium
Region
canada_yt
Reported Region
Yukon, Canada
Ticker
NCP

Resource scope

Estimate type
resource
Effective date
2023-04-03T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Gordon Zurowski, Cameron Bell
Resource group id
resource:832a4dde8dce862846e0
Mining method
open_pit
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
114016000
Grade
0.25
Grade Unit
g/t
Contained Metal
916
Contained Unit
k ozs

Prior Estimate

Resource Date
2023-04-03

Review

Needs Review
No
Historical
No

Dates

Event date
2023-08-24T00:00:00.000Z

Reasoning: Inferred resource of 114.0 Mt at 0.25 g/t Pd, representing potential but with lower geological confidence.

Positive factors

  • large_tonnage

Negative factors

  • low_confidence_category

Evidence · table

“0.25”

Context: 114,016

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

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

DFS-Supportingneutral

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

inferredNickel Shäw Project · platinumTonnes: 114016000Grade: 0.2Grade Unit: g/tContained Metal: 733Contained Unit: k ozsView all details
Link to this fact

Identity

Project
Nickel Shäw Project
Commodity
platinum
Region
canada_yt
Reported Region
Yukon, Canada
Ticker
NCP

Resource scope

Estimate type
resource
Effective date
2023-04-03T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Gordon Zurowski, Cameron Bell
Resource group id
resource:832a4dde8dce862846e0
Mining method
open_pit
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
114016000
Grade
0.2
Grade Unit
g/t
Contained Metal
733
Contained Unit
k ozs

Prior Estimate

Resource Date
2023-04-03

Review

Needs Review
No
Historical
No

Dates

Event date
2023-08-24T00:00:00.000Z

Reasoning: Inferred resource of 114.0 Mt at 0.20 g/t Pt, representing potential but with lower geological confidence.

Positive factors

  • large_tonnage

Negative factors

  • low_confidence_category

Evidence · table

“0.20”

Context: 114,016

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

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

DFS-Supportingneutral

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

inferredNickel Shäw Project · goldTonnes: 114016000Grade: 0.04Grade Unit: g/tContained Metal: 128Contained Unit: k ozsView all details
Link to this fact

Identity

Project
Nickel Shäw Project
Commodity
gold
Region
canada_yt
Reported Region
Yukon, Canada
Ticker
NCP

Resource scope

Estimate type
resource
Effective date
2023-04-03T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Gordon Zurowski, Cameron Bell
Resource group id
resource:832a4dde8dce862846e0
Mining method
open_pit
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
114016000
Grade
0.04
Grade Unit
g/t
Contained Metal
128
Contained Unit
k ozs

Prior Estimate

Resource Date
2023-04-03

Review

Needs Review
No
Historical
No

Dates

Event date
2023-08-24T00:00:00.000Z

Reasoning: Inferred resource of 114.0 Mt at 0.04 g/t Au, representing potential but with lower geological confidence.

Positive factors

  • large_tonnage

Negative factors

  • low_confidence_category

Evidence · table

“0.04”

Context: 114,016

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

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

DFS-Supportingneutral

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

inferredNickel Shäw Project · magnesiumTonnes: 114016000Grade: 17.46Grade Unit: %View all details
Link to this fact

Identity

Project
Nickel Shäw Project
Commodity
magnesium
Region
canada_yt
Reported Region
Yukon, Canada
Ticker
NCP

Resource scope

Estimate type
resource
Effective date
2023-04-03T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Gordon Zurowski, Cameron Bell
Resource group id
resource:832a4dde8dce862846e0
Mining method
open_pit
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
114016000
Grade
17.46
Grade Unit
%

Prior Estimate

Resource Date
2023-04-03

Review

Needs Review
No
Historical
No

Dates

Event date
2023-08-24T00:00:00.000Z

Reasoning: Inferred resource of 114.0 Mt at 17.46% Mg, noted as a constituent of the ultramafic host rock.

Negative factors

  • low_confidence_category

Evidence · table

“17.46”

Context: 114,016

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

DFS-Supportingneutral

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

inferredNickel Shäw Project · sulfurTonnes: 114016000Grade: 0.69Grade Unit: %View all details
Link to this fact

Identity

Project
Nickel Shäw Project
Commodity
sulfur
Region
canada_yt
Reported Region
Yukon, Canada
Ticker
NCP

Resource scope

Estimate type
resource
Effective date
2023-04-03T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Gordon Zurowski, Cameron Bell
Resource group id
resource:832a4dde8dce862846e0
Mining method
open_pit
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
114016000
Grade
0.69
Grade Unit
%

Prior Estimate

Resource Date
2023-04-03

Review

Needs Review
No
Historical
No

Dates

Event date
2023-08-24T00:00:00.000Z

Reasoning: Inferred resource of 114.0 Mt at 0.69% S, relevant for metallurgical considerations.

Negative factors

  • low_confidence_category

Evidence · table

“0.69”

Context: 114,016

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

DFS-Supportingneutral

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

measuredNickel Shäw Project · nickelTonnes: 122363Grade: 679Grade Unit: %View all details
Link to this fact

Identity

Project
Nickel Shäw Project
Commodity
nickel
Region
canada_yt
Reported Region
Yukon, Canada
Ticker
NCP

Resource scope

Estimate type
resource
Effective date
2023-04-03T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Gordon Zurowski, Cameron Bell
Resource group id
resource:eb12380d65bfc6b6e1de
Mining method
open_pit
Ownership percent
100 %

Resource Data

Category
measured
Tonnes
122363
Grade
679
Grade Unit
%

Prior Estimate

Resource Date
2023-04-03

Review

Needs Review
No
Historical
No

Dates

Event date
2023-08-24T00:00:00.000Z

Reasoning: Measured resource of 122.4 Mt at 0.25% Ni, contributing to a significant overall resource base. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • large_tonnage
  • high_confidence_category

Evidence · table

“679”

Context: 122,363

Tags used in scoring

Measured Resourcepositive

Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.

Why it applies: category is "measured"

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

DFS-Supportingneutral

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

measuredNickel Shäw Project · copperTonnes: 122363Grade: 411Grade Unit: %View all details
Link to this fact

Identity

Project
Nickel Shäw Project
Commodity
copper
Region
canada_yt
Reported Region
Yukon, Canada
Ticker
NCP

Resource scope

Estimate type
resource
Effective date
2023-04-03T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Gordon Zurowski, Cameron Bell
Resource group id
resource:eb12380d65bfc6b6e1de
Mining method
open_pit
Ownership percent
100 %

Resource Data

Category
measured
Tonnes
122363
Grade
411
Grade Unit
%

Prior Estimate

Resource Date
2023-04-03

Review

Needs Review
No
Historical
No

Dates

Event date
2023-08-24T00:00:00.000Z

Reasoning: Measured resource of 122.4 Mt at 0.25% Ni, contributing to a significant overall resource base. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • large_tonnage
  • high_confidence_category

Evidence · table

“411”

Context: 122,363

Tags used in scoring

Measured Resourcepositive

Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.

Why it applies: category is "measured"

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

DFS-Supportingneutral

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

measuredNickel Shäw Project · cobaltTonnes: 122363Grade: 38Grade Unit: %View all details
Link to this fact

Identity

Project
Nickel Shäw Project
Commodity
cobalt
Region
canada_yt
Reported Region
Yukon, Canada
Ticker
NCP

Resource scope

Estimate type
resource
Effective date
2023-04-03T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Gordon Zurowski, Cameron Bell
Resource group id
resource:eb12380d65bfc6b6e1de
Mining method
open_pit
Ownership percent
100 %

Resource Data

Category
measured
Tonnes
122363
Grade
38
Grade Unit
%

Prior Estimate

Resource Date
2023-04-03

Review

Needs Review
No
Historical
No

Dates

Event date
2023-08-24T00:00:00.000Z

Reasoning: Measured resource of 122.4 Mt at 0.25% Ni, contributing to a significant overall resource base. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • large_tonnage
  • high_confidence_category

Evidence · table

“38”

Context: 122,363

Tags used in scoring

Measured Resourcepositive

Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.

Why it applies: category is "measured"

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

DFS-Supportingneutral

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

measuredNickel Shäw Project · palladiumTonnes: 122363Grade: 905Grade Unit: g/tView all details
Link to this fact

Identity

Project
Nickel Shäw Project
Commodity
palladium
Region
canada_yt
Reported Region
Yukon, Canada
Ticker
NCP

Resource scope

Estimate type
resource
Effective date
2023-04-03T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Gordon Zurowski, Cameron Bell
Resource group id
resource:eb12380d65bfc6b6e1de
Mining method
open_pit
Ownership percent
100 %

Resource Data

Category
measured
Tonnes
122363
Grade
905
Grade Unit
g/t

Prior Estimate

Resource Date
2023-04-03

Review

Needs Review
No
Historical
No

Dates

Event date
2023-08-24T00:00:00.000Z

Reasoning: Measured resource of 122.4 Mt at 0.25% Ni, contributing to a significant overall resource base. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • large_tonnage
  • high_confidence_category

Evidence · table

“905”

Context: 122,363

Tags used in scoring

Measured Resourcepositive

Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.

Why it applies: category is "measured"

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

DFS-Supportingneutral

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

measuredNickel Shäw Project · platinumTonnes: 122363Grade: 944Grade Unit: g/tView all details
Link to this fact

Identity

Project
Nickel Shäw Project
Commodity
platinum
Region
canada_yt
Reported Region
Yukon, Canada
Ticker
NCP

Resource scope

Estimate type
resource
Effective date
2023-04-03T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Gordon Zurowski, Cameron Bell
Resource group id
resource:eb12380d65bfc6b6e1de
Mining method
open_pit
Ownership percent
100 %

Resource Data

Category
measured
Tonnes
122363
Grade
944
Grade Unit
g/t

Prior Estimate

Resource Date
2023-04-03

Review

Needs Review
No
Historical
No

Dates

Event date
2023-08-24T00:00:00.000Z

Reasoning: Measured resource of 122.4 Mt at 0.25% Ni, contributing to a significant overall resource base. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • large_tonnage
  • high_confidence_category

Evidence · table

“944”

Context: 122,363

Tags used in scoring

Measured Resourcepositive

Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.

Why it applies: category is "measured"

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

DFS-Supportingneutral

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

measuredNickel Shäw Project · goldTonnes: 122363Grade: 184Grade Unit: g/tView all details
Link to this fact

Identity

Project
Nickel Shäw Project
Commodity
gold
Region
canada_yt
Reported Region
Yukon, Canada
Ticker
NCP

Resource scope

Estimate type
resource
Effective date
2023-04-03T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Gordon Zurowski, Cameron Bell
Resource group id
resource:eb12380d65bfc6b6e1de
Mining method
open_pit
Ownership percent
100 %

Resource Data

Category
measured
Tonnes
122363
Grade
184
Grade Unit
g/t

Prior Estimate

Resource Date
2023-04-03

Review

Needs Review
No
Historical
No

Dates

Event date
2023-08-24T00:00:00.000Z

Reasoning: Measured resource of 122.4 Mt at 0.25% Ni, contributing to a significant overall resource base. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • large_tonnage
  • high_confidence_category

Evidence · table

“184”

Context: 122,363

Tags used in scoring

Measured Resourcepositive

Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.

Why it applies: category is "measured"

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

DFS-Supportingneutral

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

measuredNickel Shäw Project · sulfurTonnes: 122363Grade: 0.78Grade Unit: %View all details
Link to this fact

Identity

Project
Nickel Shäw Project
Commodity
sulfur
Region
canada_yt
Reported Region
Yukon, Canada
Ticker
NCP

Resource scope

Estimate type
resource
Effective date
2023-04-03T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Gordon Zurowski, Cameron Bell
Resource group id
resource:eb12380d65bfc6b6e1de
Mining method
open_pit
Ownership percent
100 %

Resource Data

Category
measured
Tonnes
122363
Grade
0.78
Grade Unit
%

Prior Estimate

Resource Date
2023-04-03

Review

Needs Review
No
Historical
No

Dates

Event date
2023-08-24T00:00:00.000Z

Reasoning: Measured resource of 122.4 Mt at 0.25% Ni, contributing to a significant overall resource base. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • large_tonnage
  • high_confidence_category

Evidence · table

“0.78”

Context: 122,363

Tags used in scoring

Measured Resourcepositive

Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.

Why it applies: category is "measured"

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

DFS-Supportingneutral

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

indicatedNickel Shäw Project · nickelTonnes: 314332Grade: 1792Grade Unit: %View all details
Link to this fact

Identity

Project
Nickel Shäw Project
Commodity
nickel
Region
canada_yt
Reported Region
Yukon, Canada
Ticker
NCP

Resource scope

Estimate type
resource
Effective date
2023-04-03T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Gordon Zurowski, Cameron Bell
Resource group id
resource:d2570e789586f8ec4652
Mining method
open_pit
Ownership percent
100 %

Resource Data

Category
indicated
Tonnes
314332
Grade
1792
Grade Unit
%

Prior Estimate

Resource Date
2023-04-03

Review

Needs Review
No
Historical
No

Dates

Event date
2023-08-24T00:00:00.000Z

Reasoning: Indicated resource of 314.3 Mt at 0.26% Ni, significantly contributing to the overall resource base. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • large_tonnage
  • high_confidence_category

Evidence · table

“1,792”

Context: 314,332

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

DFS-Supportingneutral

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

indicatedNickel Shäw Project · copperTonnes: 314332Grade: 871Grade Unit: %View all details
Link to this fact

Identity

Project
Nickel Shäw Project
Commodity
copper
Region
canada_yt
Reported Region
Yukon, Canada
Ticker
NCP

Resource scope

Estimate type
resource
Effective date
2023-04-03T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Gordon Zurowski, Cameron Bell
Resource group id
resource:d2570e789586f8ec4652
Mining method
open_pit
Ownership percent
100 %

Resource Data

Category
indicated
Tonnes
314332
Grade
871
Grade Unit
%

Prior Estimate

Resource Date
2023-04-03

Review

Needs Review
No
Historical
No

Dates

Event date
2023-08-24T00:00:00.000Z

Reasoning: Indicated resource of 314.3 Mt at 0.26% Ni, significantly contributing to the overall resource base. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • large_tonnage
  • high_confidence_category

Evidence · table

“871”

Context: 314,332

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

DFS-Supportingneutral

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

indicatedNickel Shäw Project · cobaltTonnes: 314332Grade: 99Grade Unit: %View all details
Link to this fact

Identity

Project
Nickel Shäw Project
Commodity
cobalt
Region
canada_yt
Reported Region
Yukon, Canada
Ticker
NCP

Resource scope

Estimate type
resource
Effective date
2023-04-03T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Gordon Zurowski, Cameron Bell
Resource group id
resource:d2570e789586f8ec4652
Mining method
open_pit
Ownership percent
100 %

Resource Data

Category
indicated
Tonnes
314332
Grade
99
Grade Unit
%

Prior Estimate

Resource Date
2023-04-03

Review

Needs Review
No
Historical
No

Dates

Event date
2023-08-24T00:00:00.000Z

Reasoning: Indicated resource of 314.3 Mt at 0.26% Ni, significantly contributing to the overall resource base. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • large_tonnage
  • high_confidence_category

Evidence · table

“99”

Context: 314,332

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

DFS-Supportingneutral

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

indicatedNickel Shäw Project · palladiumTonnes: 314332Grade: 2385Grade Unit: g/tView all details
Link to this fact

Identity

Project
Nickel Shäw Project
Commodity
palladium
Region
canada_yt
Reported Region
Yukon, Canada
Ticker
NCP

Resource scope

Estimate type
resource
Effective date
2023-04-03T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Gordon Zurowski, Cameron Bell
Resource group id
resource:d2570e789586f8ec4652
Mining method
open_pit
Ownership percent
100 %

Resource Data

Category
indicated
Tonnes
314332
Grade
2385
Grade Unit
g/t

Prior Estimate

Resource Date
2023-04-03

Review

Needs Review
No
Historical
No

Dates

Event date
2023-08-24T00:00:00.000Z

Reasoning: Indicated resource of 314.3 Mt at 0.26% Ni, significantly contributing to the overall resource base. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • large_tonnage
  • high_confidence_category

Evidence · table

“2,385”

Context: 314,332

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

DFS-Supportingneutral

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

indicatedNickel Shäw Project · platinumTonnes: 314332Grade: 2197Grade Unit: g/tView all details
Link to this fact

Identity

Project
Nickel Shäw Project
Commodity
platinum
Region
canada_yt
Reported Region
Yukon, Canada
Ticker
NCP

Resource scope

Estimate type
resource
Effective date
2023-04-03T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Gordon Zurowski, Cameron Bell
Resource group id
resource:d2570e789586f8ec4652
Mining method
open_pit
Ownership percent
100 %

Resource Data

Category
indicated
Tonnes
314332
Grade
2197
Grade Unit
g/t

Prior Estimate

Resource Date
2023-04-03

Review

Needs Review
No
Historical
No

Dates

Event date
2023-08-24T00:00:00.000Z

Reasoning: Indicated resource of 314.3 Mt at 0.26% Ni, significantly contributing to the overall resource base. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • large_tonnage
  • high_confidence_category

Evidence · table

“2,197”

Context: 314,332

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

DFS-Supportingneutral

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

indicatedNickel Shäw Project · goldTonnes: 314332Grade: 361Grade Unit: g/tView all details
Link to this fact

Identity

Project
Nickel Shäw Project
Commodity
gold
Region
canada_yt
Reported Region
Yukon, Canada
Ticker
NCP

Resource scope

Estimate type
resource
Effective date
2023-04-03T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Gordon Zurowski, Cameron Bell
Resource group id
resource:d2570e789586f8ec4652
Mining method
open_pit
Ownership percent
100 %

Resource Data

Category
indicated
Tonnes
314332
Grade
361
Grade Unit
g/t

Prior Estimate

Resource Date
2023-04-03

Review

Needs Review
No
Historical
No

Dates

Event date
2023-08-24T00:00:00.000Z

Reasoning: Indicated resource of 314.3 Mt at 0.26% Ni, significantly contributing to the overall resource base. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • large_tonnage
  • high_confidence_category

Evidence · table

“361”

Context: 314,332

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

DFS-Supportingneutral

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

indicatedNickel Shäw Project · sulfurTonnes: 314332Grade: 0.64Grade Unit: %View all details
Link to this fact

Identity

Project
Nickel Shäw Project
Commodity
sulfur
Region
canada_yt
Reported Region
Yukon, Canada
Ticker
NCP

Resource scope

Estimate type
resource
Effective date
2023-04-03T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Gordon Zurowski, Cameron Bell
Resource group id
resource:d2570e789586f8ec4652
Mining method
open_pit
Ownership percent
100 %

Resource Data

Category
indicated
Tonnes
314332
Grade
0.64
Grade Unit
%

Prior Estimate

Resource Date
2023-04-03

Review

Needs Review
No
Historical
No

Dates

Event date
2023-08-24T00:00:00.000Z

Reasoning: Indicated resource of 314.3 Mt at 0.26% Ni, significantly contributing to the overall resource base. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • large_tonnage
  • high_confidence_category

Evidence · table

“0.64”

Context: 314,332

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

DFS-Supportingneutral

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

inferredNickel Shäw Project · nickelTonnes: 436695Grade: 2471Grade Unit: %View all details
Link to this fact

Identity

Project
Nickel Shäw Project
Commodity
nickel
Region
canada_yt
Reported Region
Yukon, Canada
Ticker
NCP

Resource scope

Estimate type
resource
Effective date
2023-04-03T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Gordon Zurowski, Cameron Bell
Resource group id
resource:14f8028959fcaa4437e9
Mining method
open_pit
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
436695
Grade
2471
Grade Unit
%

Prior Estimate

Resource Date
2023-04-03

Review

Needs Review
No
Historical
No

Dates

Event date
2023-08-24T00:00:00.000Z

Reasoning: Inferred resource of 114.0 Mt at 0.27% Ni, representing potential but with lower geological confidence. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • large_tonnage

Negative factors

  • low_confidence_category

Evidence · table

“2,471”

Context: 436,695

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

DFS-Supportingneutral

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

inferredNickel Shäw Project · copperTonnes: 436695Grade: 1281Grade Unit: %View all details
Link to this fact

Identity

Project
Nickel Shäw Project
Commodity
copper
Region
canada_yt
Reported Region
Yukon, Canada
Ticker
NCP

Resource scope

Estimate type
resource
Effective date
2023-04-03T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Gordon Zurowski, Cameron Bell
Resource group id
resource:14f8028959fcaa4437e9
Mining method
open_pit
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
436695
Grade
1281
Grade Unit
%

Prior Estimate

Resource Date
2023-04-03

Review

Needs Review
No
Historical
No

Dates

Event date
2023-08-24T00:00:00.000Z

Reasoning: Inferred resource of 114.0 Mt at 0.27% Ni, representing potential but with lower geological confidence. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • large_tonnage

Negative factors

  • low_confidence_category

Evidence · table

“1,281”

Context: 436,695

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

DFS-Supportingneutral

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

inferredNickel Shäw Project · cobaltTonnes: 436695Grade: 137Grade Unit: %View all details
Link to this fact

Identity

Project
Nickel Shäw Project
Commodity
cobalt
Region
canada_yt
Reported Region
Yukon, Canada
Ticker
NCP

Resource scope

Estimate type
resource
Effective date
2023-04-03T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Gordon Zurowski, Cameron Bell
Resource group id
resource:14f8028959fcaa4437e9
Mining method
open_pit
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
436695
Grade
137
Grade Unit
%

Prior Estimate

Resource Date
2023-04-03

Review

Needs Review
No
Historical
No

Dates

Event date
2023-08-24T00:00:00.000Z

Reasoning: Inferred resource of 114.0 Mt at 0.27% Ni, representing potential but with lower geological confidence. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • large_tonnage

Negative factors

  • low_confidence_category

Evidence · table

“137”

Context: 436,695

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

DFS-Supportingneutral

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

inferredNickel Shäw Project · palladiumTonnes: 436695Grade: 3290Grade Unit: g/tView all details
Link to this fact

Identity

Project
Nickel Shäw Project
Commodity
palladium
Region
canada_yt
Reported Region
Yukon, Canada
Ticker
NCP

Resource scope

Estimate type
resource
Effective date
2023-04-03T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Gordon Zurowski, Cameron Bell
Resource group id
resource:14f8028959fcaa4437e9
Mining method
open_pit
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
436695
Grade
3290
Grade Unit
g/t

Prior Estimate

Resource Date
2023-04-03

Review

Needs Review
No
Historical
No

Dates

Event date
2023-08-24T00:00:00.000Z

Reasoning: Inferred resource of 114.0 Mt at 0.27% Ni, representing potential but with lower geological confidence. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • large_tonnage

Negative factors

  • low_confidence_category

Evidence · table

“3,290”

Context: 436,695

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

DFS-Supportingneutral

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

inferredNickel Shäw Project · platinumTonnes: 436695Grade: 3141Grade Unit: g/tView all details
Link to this fact

Identity

Project
Nickel Shäw Project
Commodity
platinum
Region
canada_yt
Reported Region
Yukon, Canada
Ticker
NCP

Resource scope

Estimate type
resource
Effective date
2023-04-03T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Gordon Zurowski, Cameron Bell
Resource group id
resource:14f8028959fcaa4437e9
Mining method
open_pit
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
436695
Grade
3141
Grade Unit
g/t

Prior Estimate

Resource Date
2023-04-03

Review

Needs Review
No
Historical
No

Dates

Event date
2023-08-24T00:00:00.000Z

Reasoning: Inferred resource of 114.0 Mt at 0.27% Ni, representing potential but with lower geological confidence. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • large_tonnage

Negative factors

  • low_confidence_category

Evidence · table

“3,141”

Context: 436,695

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

DFS-Supportingneutral

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

inferredNickel Shäw Project · goldTonnes: 436695Grade: 545Grade Unit: g/tView all details
Link to this fact

Identity

Project
Nickel Shäw Project
Commodity
gold
Region
canada_yt
Reported Region
Yukon, Canada
Ticker
NCP

Resource scope

Estimate type
resource
Effective date
2023-04-03T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Gordon Zurowski, Cameron Bell
Resource group id
resource:14f8028959fcaa4437e9
Mining method
open_pit
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
436695
Grade
545
Grade Unit
g/t

Prior Estimate

Resource Date
2023-04-03

Review

Needs Review
No
Historical
No

Dates

Event date
2023-08-24T00:00:00.000Z

Reasoning: Inferred resource of 114.0 Mt at 0.27% Ni, representing potential but with lower geological confidence. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • large_tonnage

Negative factors

  • low_confidence_category

Evidence · table

“545”

Context: 436,695

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

DFS-Supportingneutral

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

inferredNickel Shäw Project · sulfurTonnes: 436695Grade: 0.68Grade Unit: %View all details
Link to this fact

Identity

Project
Nickel Shäw Project
Commodity
sulfur
Region
canada_yt
Reported Region
Yukon, Canada
Ticker
NCP

Resource scope

Estimate type
resource
Effective date
2023-04-03T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Gordon Zurowski, Cameron Bell
Resource group id
resource:14f8028959fcaa4437e9
Mining method
open_pit
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
436695
Grade
0.68
Grade Unit
%

Prior Estimate

Resource Date
2023-04-03

Review

Needs Review
No
Historical
No

Dates

Event date
2023-08-24T00:00:00.000Z

Reasoning: Inferred resource of 114.0 Mt at 0.27% Ni, representing potential but with lower geological confidence. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • large_tonnage

Negative factors

  • low_confidence_category

Evidence · table

“0.68”

Context: 436,695

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

DFS-Supportingneutral

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

inferredNickel Shäw Project · nickelTonnes: 114016Grade: 668Grade Unit: %View all details
Link to this fact

Identity

Project
Nickel Shäw Project
Commodity
nickel
Region
canada_yt
Reported Region
Yukon, Canada
Ticker
NCP

Resource scope

Estimate type
resource
Effective date
2023-04-03T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Gordon Zurowski, Cameron Bell
Resource group id
resource:f6b3a35313b05e336a6a
Mining method
open_pit
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
114016
Grade
668
Grade Unit
%

Prior Estimate

Resource Date
2023-04-03

Review

Needs Review
No
Historical
No

Dates

Event date
2023-08-24T00:00:00.000Z

Reasoning: Inferred resource of 114.0 Mt at 0.27% Ni, representing potential but with lower geological confidence. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • large_tonnage

Negative factors

  • low_confidence_category

Evidence · table

“668”

Context: 114,016

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

DFS-Supportingneutral

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

inferredNickel Shäw Project · copperTonnes: 114016Grade: 339Grade Unit: %View all details
Link to this fact

Identity

Project
Nickel Shäw Project
Commodity
copper
Region
canada_yt
Reported Region
Yukon, Canada
Ticker
NCP

Resource scope

Estimate type
resource
Effective date
2023-04-03T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Gordon Zurowski, Cameron Bell
Resource group id
resource:f6b3a35313b05e336a6a
Mining method
open_pit
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
114016
Grade
339
Grade Unit
%

Prior Estimate

Resource Date
2023-04-03

Review

Needs Review
No
Historical
No

Dates

Event date
2023-08-24T00:00:00.000Z

Reasoning: Inferred resource of 114.0 Mt at 0.27% Ni, representing potential but with lower geological confidence. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • large_tonnage

Negative factors

  • low_confidence_category

Evidence · table

“339”

Context: 114,016

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

DFS-Supportingneutral

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

inferredNickel Shäw Project · cobaltTonnes: 114016Grade: 37Grade Unit: %View all details
Link to this fact

Identity

Project
Nickel Shäw Project
Commodity
cobalt
Region
canada_yt
Reported Region
Yukon, Canada
Ticker
NCP

Resource scope

Estimate type
resource
Effective date
2023-04-03T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Gordon Zurowski, Cameron Bell
Resource group id
resource:f6b3a35313b05e336a6a
Mining method
open_pit
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
114016
Grade
37
Grade Unit
%

Prior Estimate

Resource Date
2023-04-03

Review

Needs Review
No
Historical
No

Dates

Event date
2023-08-24T00:00:00.000Z

Reasoning: Inferred resource of 114.0 Mt at 0.27% Ni, representing potential but with lower geological confidence. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • large_tonnage

Negative factors

  • low_confidence_category

Evidence · table

“37”

Context: 114,016

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

DFS-Supportingneutral

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

inferredNickel Shäw Project · palladiumTonnes: 114016Grade: 916Grade Unit: g/tView all details
Link to this fact

Identity

Project
Nickel Shäw Project
Commodity
palladium
Region
canada_yt
Reported Region
Yukon, Canada
Ticker
NCP

Resource scope

Estimate type
resource
Effective date
2023-04-03T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Gordon Zurowski, Cameron Bell
Resource group id
resource:f6b3a35313b05e336a6a
Mining method
open_pit
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
114016
Grade
916
Grade Unit
g/t

Prior Estimate

Resource Date
2023-04-03

Review

Needs Review
No
Historical
No

Dates

Event date
2023-08-24T00:00:00.000Z

Reasoning: Inferred resource of 114.0 Mt at 0.27% Ni, representing potential but with lower geological confidence. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • large_tonnage

Negative factors

  • low_confidence_category

Evidence · table

“916”

Context: 114,016

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

DFS-Supportingneutral

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

inferredNickel Shäw Project · platinumTonnes: 114016Grade: 733Grade Unit: g/tView all details
Link to this fact

Identity

Project
Nickel Shäw Project
Commodity
platinum
Region
canada_yt
Reported Region
Yukon, Canada
Ticker
NCP

Resource scope

Estimate type
resource
Effective date
2023-04-03T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Gordon Zurowski, Cameron Bell
Resource group id
resource:f6b3a35313b05e336a6a
Mining method
open_pit
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
114016
Grade
733
Grade Unit
g/t

Prior Estimate

Resource Date
2023-04-03

Review

Needs Review
No
Historical
No

Dates

Event date
2023-08-24T00:00:00.000Z

Reasoning: Inferred resource of 114.0 Mt at 0.27% Ni, representing potential but with lower geological confidence. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • large_tonnage

Negative factors

  • low_confidence_category

Evidence · table

“733”

Context: 114,016

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

DFS-Supportingneutral

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

inferredNickel Shäw Project · goldTonnes: 114016Grade: 128Grade Unit: g/tView all details
Link to this fact

Identity

Project
Nickel Shäw Project
Commodity
gold
Region
canada_yt
Reported Region
Yukon, Canada
Ticker
NCP

Resource scope

Estimate type
resource
Effective date
2023-04-03T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Gordon Zurowski, Cameron Bell
Resource group id
resource:f6b3a35313b05e336a6a
Mining method
open_pit
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
114016
Grade
128
Grade Unit
g/t

Prior Estimate

Resource Date
2023-04-03

Review

Needs Review
No
Historical
No

Dates

Event date
2023-08-24T00:00:00.000Z

Reasoning: Inferred resource of 114.0 Mt at 0.27% Ni, representing potential but with lower geological confidence. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • large_tonnage

Negative factors

  • low_confidence_category

Evidence · table

“128”

Context: 114,016

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

DFS-Supportingneutral

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

inferredNickel Shäw Project · sulfurTonnes: 114016Grade: 0.69Grade Unit: %View all details
Link to this fact

Identity

Project
Nickel Shäw Project
Commodity
sulfur
Region
canada_yt
Reported Region
Yukon, Canada
Ticker
NCP

Resource scope

Estimate type
resource
Effective date
2023-04-03T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Gordon Zurowski, Cameron Bell
Resource group id
resource:f6b3a35313b05e336a6a
Mining method
open_pit
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
114016
Grade
0.69
Grade Unit
%

Prior Estimate

Resource Date
2023-04-03

Review

Needs Review
No
Historical
No

Dates

Event date
2023-08-24T00:00:00.000Z

Reasoning: Inferred resource of 114.0 Mt at 0.27% Ni, representing potential but with lower geological confidence. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • large_tonnage

Negative factors

  • low_confidence_category

Evidence · table

“0.69”

Context: 114,016

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

DFS-Supportingneutral

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

Metallurgical Results (4)

calculatedNickel Shäw Project · cobaltRecovery: 53.64 %View all details
Link to this fact

Identity

Project
Nickel Shäw Project
Commodity
cobalt
Region
canada_yt
Reported Region
Yukon, Canada
Ticker
NCP

Test Work

Program Status
detailed
Test Type
calculated
Processing Route
flotation (nickel concentrate)

Recovery

Recovery
53.64 %
Recovery Basis
theoretical

Review

Needs Review
No
Historical
No

Dates

Event date
2023-08-24T00:00:00.000Z

Reasoning: Calculated recovery of 53.64% Co to nickel concentrate, providing an estimate for byproduct recovery.

Negative factors

  • theoretical_recovery_only

Evidence · table

“53.64 %”

Context: Ni con:

Tags used in scoring

Mill Routeneutral

Processing via mill or concentrator (CIL, CIP, tank leach, flotation).

Why it applies: processing_route matches the flotation signal

Theoretical Recovery Onlynegative

Only theoretical or liberation-derived recovery reported, with no actual test result.

Why it applies: recovery_basis is theoretical

calculatedNickel Shäw Project · palladiumRecovery: 50.81 %View all details
Link to this fact

Identity

Project
Nickel Shäw Project
Commodity
palladium
Region
canada_yt
Reported Region
Yukon, Canada
Ticker
NCP

Test Work

Program Status
detailed
Test Type
calculated
Processing Route
flotation (nickel concentrate)

Recovery

Recovery
50.81 %
Recovery Basis
theoretical

Review

Needs Review
No
Historical
No

Dates

Event date
2023-08-24T00:00:00.000Z

Reasoning: Calculated recovery of 50.81% Pd to nickel concentrate, providing an estimate for PGM recovery.

Negative factors

  • theoretical_recovery_only

Evidence · table

“50.81 %”

Context: Ni con:

Tags used in scoring

Mill Routeneutral

Processing via mill or concentrator (CIL, CIP, tank leach, flotation).

Why it applies: processing_route matches the flotation signal

Theoretical Recovery Onlynegative

Only theoretical or liberation-derived recovery reported, with no actual test result.

Why it applies: recovery_basis is theoretical

calculatedNickel Shäw Project · platinumRecovery: 46.89 %View all details
Link to this fact

Identity

Project
Nickel Shäw Project
Commodity
platinum
Region
canada_yt
Reported Region
Yukon, Canada
Ticker
NCP

Test Work

Program Status
detailed
Test Type
calculated
Processing Route
flotation (nickel concentrate)

Recovery

Recovery
46.89 %
Recovery Basis
theoretical

Review

Needs Review
No
Historical
No

Dates

Event date
2023-08-24T00:00:00.000Z

Reasoning: Calculated recovery of 46.89% Pt to nickel concentrate, providing an estimate for PGM recovery.

Negative factors

  • theoretical_recovery_only

Evidence · table

“46.89 %”

Context: Ni con:

Tags used in scoring

Mill Routeneutral

Processing via mill or concentrator (CIL, CIP, tank leach, flotation).

Why it applies: processing_route matches the flotation signal

Theoretical Recovery Onlynegative

Only theoretical or liberation-derived recovery reported, with no actual test result.

Why it applies: recovery_basis is theoretical

calculatedNickel Shäw Project · goldRecovery: 50.82 %View all details
Link to this fact

Identity

Project
Nickel Shäw Project
Commodity
gold
Region
canada_yt
Reported Region
Yukon, Canada
Ticker
NCP

Test Work

Program Status
detailed
Test Type
calculated
Processing Route
flotation (nickel concentrate)

Recovery

Recovery
50.82 %
Recovery Basis
theoretical

Review

Needs Review
No
Historical
No

Dates

Event date
2023-08-24T00:00:00.000Z

Reasoning: Calculated recovery of 50.82% Au to nickel concentrate, which is below typical expectations for gold flotation and based on theoretical assumptions.

Negative factors

  • theoretical_recovery_only
  • low_recovery

Evidence · table

“50.82 %”

Context: Ni con:

Tags used in scoring

Mill Routeneutral

Processing via mill or concentrator (CIL, CIP, tank leach, flotation).

Why it applies: processing_route matches the flotation signal

Theoretical Recovery Onlynegative

Only theoretical or liberation-derived recovery reported, with no actual test result.

Why it applies: recovery_basis is theoretical

Low Recoverynegative

Recovery below the weak band for the commodity and processing route.

Why it applies: 50.82% is below the weak band (80%)

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.