# SPC Nickel Reports Positive Metallurgical Results from the West Graham Project, Sudbury, Ontario Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/spc-nickel-reports-positive-metallurgical-results-from-the-west-graham-project-s--af6dc588-2795-44f4-8a0f-28285c630fd2 Original source: https://money.tmx.com/en/quote/SPC/news/8646854870980254/spc-nickel-reports-positive-metallurgical-results-from-the-west-graham-project-s Publisher: tmx Original announcement: 2026-02-27T12:00:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: SPC Nickel Corp. - Ticker: SPC - Exchange: TSX - Region: Ontario - Primary commodity: Nickel - Secondary commodities: Copper, Cobalt, Palladium, Platinum, Gold, Silver - Document categories: Drill results, Metallurgy, Resource update - Extracted: 2026-09-19 00:04:28 UTC Narrative sentiment: 0.80 · Bullish ## Minestarters Atlas summary SPC Nickel reports positive metallurgical results from its West Graham Project in Sudbury, Ontario, demonstrating high recoveries of nickel \(69.6%\) and copper \(85.3%\) into clean concentrates via conventional flotation, suitable for existing Sudbury mills. Concurrently, the company announced drill results from its LKE Project, with hole LKE-25-001 intersecting 49.0 metres of Ni-Cu-PGM mineralization at depth, and identifying a strong off-hole EM anomaly for follow-up. These results de-risk the West Graham project and highlight further exploration potential at LKE. Reasoning: The document reports strong metallurgical results for the West Graham Project, demonstrating high recoveries of nickel and copper into clean concentrates suitable for existing infrastructure, which significantly de-risks the project. Additionally, new drill results from the LKE Project confirm deep Ni-Cu-PGM mineralization and identify a compelling off-hole EM anomaly for follow-up, indicating strong exploration potential. - Positive factor: High nickel and copper recoveries into clean concentrates demonstrated by locked-cycle tests. - Positive factor: Concentrate specifications are consistent with existing Sudbury mills, suggesting integration potential. - Positive factor: No penalty elements identified in concentrates. - Positive factor: Drill results from LKE Project confirm significant Ni-Cu-PGM mineralization at depth. - Positive factor: Identification of a strong off-hole EM anomaly suggests further high-priority drill targets. - Negative factor: True thickness of drill intercepts not yet estimated, potentially overstating widths. - Negative factor: Disseminated sulphides can be challenging in a laboratory environment, though results were positive. Low confidence — this extraction should be reviewed alongside the original source. Facts used in scoring: 44 ## Classification and evidence **High Recovery** Polarity: positive Definition: Recovery at or above the exceptional band for the commodity and processing route. Why it applies: The metallurgical test work achieved 85.3% copper recovery and 69.6% nickel recovery into a combined concentrate, which are strong results for a flotation process. Evidence · table > 85.3 Context: RghrClnr + Po Clnr Conc **Pilot Scale Complete** Polarity: positive Definition: Pilot or demonstration plant testing completed under continuous operation. Why it applies: The metallurgical test work included a 6-cycle locked cycle test, which is a strong indicator of test scale maturity. Evidence · text > A 6-cycle locked cycle test was conducted with products from the last 3 cycles combined to create the mass balance and complete a mineralogical evaluation on the products. **Free Milling** Polarity: positive Definition: Simple, clean ore amenable to standard processing without oxidation. Why it applies: The report states 'No impurity or penalty elements present in the concentrates', indicating a clean ore amenable to standard processing. Evidence · text > No impurity or penalty elements present in the concentrates. **Multi-Domain Tested** Polarity: positive Definition: Variability across ore domains \(oxide, transition, fresh\) has been addressed. Why it applies: Seventeen drill holes were used to create five composites representing North, South, East, West and Central regions of the West Graham mineral resource, indicating variability across the deposit was considered. Evidence · text > Seventeen \(17\) drill holes were identified to create five composites representing the North, South, East, West and Central regions of the West Graham mineral resource above 150 metres vertical depth. **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: The release details QA/QC protocols including certified reference materials, blanks, and duplicates, and mentions analysis by ALS facility in Sudbury and Vancouver. Evidence · text > SPC Nickel follows rigorous sampling and analytical protocols that meet or exceed industry standards. Core samples are stored in a secured area until transport in batches to the ALS facility in Sudbury, Ontario, Canada. Sample batches include certified reference materials, blank, and duplicate samples that are then processed under the control of ALS. All samples were analyzed in Vancouver by ALS Chemex. **QP/CP Signed** Polarity: positive Story-specific tag Definition: 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 elements of the news release have been approved by Mr. Grant Mourre, P.Geo., CEO and President of SPC Nickel Corp. and a Qualified Person under National Instrument 43-101. Evidence · text > The technical elements of this news release have been approved by Mr. Grant Mourre, P.Geo. \("PGO"\), CEO and President of SPC Nickel Corp. and a Qualified Person under National Instrument 43-101. **Apparent Width Only** Polarity: negative Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness. Why it applies: The drill results explicitly state that lengths refer to downhole length and insufficient work has been done to estimate true thickness. Evidence · text > Lengths refer to downhole length; insufficient work has been done to estimate true thickness. **Step-Out Extension** Polarity: positive Definition: Mineralization extended beyond the previously known limit. Why it applies: The LKE drill program aimed to test high-conductivity EM anomalies located down-dip of the Company's LKE Resource, indicating an extension of known mineralization. Evidence · text > The objective of the program was to test a series of high-conductivity electromagnetic \("EM"\) anomalies located down-dip of the Company's LKE Resource **Mill Route** Polarity: neutral Definition: Processing via mill or concentrator \(CIL, CIP, tank leach, flotation\). Why it applies: the document describes a flotation route \("flotation"\) **Single Domain Only** Polarity: negative Definition: Testing limited to one composite or domain — representativeness not established. Why it applies: only one composite was tested ## Extracted facts Stored fact records: 44. Some facts used in scoring do not have a stored record. ## Drill Results (28) ### LKE-25-001 [Link to this fact](https://atlas-extractions.minestarters.com/news/spc-nickel-reports-positive-metallurgical-results-from-the-west-graham-project-s--af6dc588-2795-44f4-8a0f-28285c630fd2#fact-drill-facts-16) LKE · nickel #### Identity - Hole ID: LKE-25-001 - Project: LKE - Commodity: nickel - Region: canada\_on - Reported Region: canada\_on - Ticker: SPC #### Geometry - Grade: 0.35 - Grade Unit: % - Intercept: 49 m - From: 1693 m - To: 1742 m - Hole Depth: 1866 m - Intercept Depth: 1693 m #### Classification - Program: exploration - Sample Type: drill - Group ID: LKE-25-001:1693-1742 - Mining Method: underground #### QA/QC - Laboratory: ALS Chemex - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Deleterious - Deleterious Flag: No #### Metal Equivalent - Assumptions Disclosed: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-02-27T00:00:00.000Z Reasoning: This intercept shows a good nickel grade over a substantial length at significant depth, confirming the presence of mineralization in a new area. The exploration nature of the drilling adds to its novelty, though the lack of true width estimation is a minor negative. - Positive factor: Significant intercept length at good nickel grade. - Positive factor: Confirms Ni-Cu-PGM mineralization at depth. - Positive factor: Part of an exploration program targeting EM anomalies. - Negative factor: True thickness not estimated. Evidence · table > 0.35 Context: LKE-25-001 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### LKE-25-001 [Link to this fact](https://atlas-extractions.minestarters.com/news/spc-nickel-reports-positive-metallurgical-results-from-the-west-graham-project-s--af6dc588-2795-44f4-8a0f-28285c630fd2#fact-drill-facts-17) LKE · copper #### Identity - Hole ID: LKE-25-001 - Project: LKE - Commodity: copper - Region: canada\_on - Reported Region: canada\_on - Ticker: SPC #### Geometry - Grade: 0.28 - Grade Unit: % - Intercept: 49 m - From: 1693 m - To: 1742 m - Hole Depth: 1866 m - Intercept Depth: 1693 m #### Classification - Program: exploration - Sample Type: drill - Group ID: LKE-25-001:1693-1742 - Mining Method: underground #### QA/QC - Laboratory: ALS Chemex - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Deleterious - Deleterious Flag: No #### Metal Equivalent - Assumptions Disclosed: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-02-27T00:00:00.000Z Reasoning: The copper grade of 0.28% over 49.0 meters is a good byproduct result within the broader Ni-Cu-PGM mineralization, supporting the polymetallic nature of the target. The exploration context adds to its novelty. - Positive factor: Significant intercept length at good copper grade. - Positive factor: Confirms Ni-Cu-PGM mineralization at depth. - Positive factor: Part of an exploration program targeting EM anomalies. - Negative factor: True thickness not estimated. Evidence · table > 0.28 Context: LKE-25-001 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### LKE-25-001 [Link to this fact](https://atlas-extractions.minestarters.com/news/spc-nickel-reports-positive-metallurgical-results-from-the-west-graham-project-s--af6dc588-2795-44f4-8a0f-28285c630fd2#fact-drill-facts-18) LKE · cobalt #### Identity - Hole ID: LKE-25-001 - Project: LKE - Commodity: cobalt - Region: canada\_on - Reported Region: canada\_on - Ticker: SPC #### Geometry - Grade: 0.01 - Grade Unit: % - Intercept: 49 m - From: 1693 m - To: 1742 m - Hole Depth: 1866 m - Intercept Depth: 1693 m #### Classification - Program: exploration - Sample Type: drill - Group ID: LKE-25-001:1693-1742 - Mining Method: underground #### QA/QC - Laboratory: ALS Chemex - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Deleterious - Deleterious Flag: No #### Metal Equivalent - Assumptions Disclosed: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-02-27T00:00:00.000Z Reasoning: The presence of cobalt, even at a lower grade, contributes to the polymetallic nature of the mineralization and adds value as a byproduct. The intercept length is significant. - Positive factor: Cobalt presence as a byproduct in a significant intercept length. - Positive factor: Confirms Ni-Cu-PGM mineralization at depth. - Negative factor: True thickness not estimated. Evidence · table > 0.01 Context: LKE-25-001 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### LKE-25-001 [Link to this fact](https://atlas-extractions.minestarters.com/news/spc-nickel-reports-positive-metallurgical-results-from-the-west-graham-project-s--af6dc588-2795-44f4-8a0f-28285c630fd2#fact-drill-facts-19) LKE · platinum #### Identity - Hole ID: LKE-25-001 - Project: LKE - Commodity: platinum - Region: canada\_on - Reported Region: canada\_on - Ticker: SPC #### Geometry - Grade: 0.38 - Grade Unit: g/t - Intercept: 49 m - From: 1693 m - To: 1742 m - Hole Depth: 1866 m - Intercept Depth: 1693 m #### Classification - Program: exploration - Sample Type: drill - Group ID: LKE-25-001:1693-1742 - Mining Method: underground #### QA/QC - Laboratory: ALS Chemex - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Deleterious - Deleterious Flag: No #### Metal Equivalent - Assumptions Disclosed: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-02-27T00:00:00.000Z Reasoning: The platinum grade of 0.38 g/t over 49.0 meters is a positive PGM byproduct result, enhancing the overall value of the polymetallic intercept. - Positive factor: Good platinum grade over a significant intercept length. - Positive factor: Confirms Ni-Cu-PGM mineralization at depth. - Negative factor: True thickness not estimated. Evidence · table > 0.38 Context: LKE-25-001 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### LKE-25-001 [Link to this fact](https://atlas-extractions.minestarters.com/news/spc-nickel-reports-positive-metallurgical-results-from-the-west-graham-project-s--af6dc588-2795-44f4-8a0f-28285c630fd2#fact-drill-facts-20) LKE · palladium #### Identity - Hole ID: LKE-25-001 - Project: LKE - Commodity: palladium - Region: canada\_on - Reported Region: canada\_on - Ticker: SPC #### Geometry - Grade: 0.22 - Grade Unit: g/t - Intercept: 49 m - From: 1693 m - To: 1742 m - Hole Depth: 1866 m - Intercept Depth: 1693 m #### Classification - Program: exploration - Sample Type: drill - Group ID: LKE-25-001:1693-1742 - Mining Method: underground #### QA/QC - Laboratory: ALS Chemex - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Deleterious - Deleterious Flag: No #### Metal Equivalent - Assumptions Disclosed: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-02-27T00:00:00.000Z Reasoning: The palladium grade of 0.22 g/t over 49.0 meters is a positive PGM byproduct result, contributing to the overall value of the polymetallic intercept. - Positive factor: Palladium presence as a byproduct in a significant intercept length. - Positive factor: Confirms Ni-Cu-PGM mineralization at depth. - Negative factor: True thickness not estimated. Evidence · table > 0.22 Context: LKE-25-001 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### LKE-25-001 [Link to this fact](https://atlas-extractions.minestarters.com/news/spc-nickel-reports-positive-metallurgical-results-from-the-west-graham-project-s--af6dc588-2795-44f4-8a0f-28285c630fd2#fact-drill-facts-21) LKE · gold #### Identity - Hole ID: LKE-25-001 - Project: LKE - Commodity: gold - Region: canada\_on - Reported Region: canada\_on - Ticker: SPC #### Geometry - Grade: 0.12 - Grade Unit: g/t - Intercept: 49 m - From: 1693 m - To: 1742 m - Hole Depth: 1866 m - Intercept Depth: 1693 m #### Classification - Program: exploration - Sample Type: drill - Group ID: LKE-25-001:1693-1742 - Mining Method: underground #### QA/QC - Laboratory: ALS Chemex - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Deleterious - Deleterious Flag: No #### Metal Equivalent - Assumptions Disclosed: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-02-27T00:00:00.000Z Reasoning: The gold grade of 0.12 g/t over 49.0 meters is a positive byproduct result, contributing to the overall polymetallic nature of the mineralization. - Positive factor: Gold presence as a byproduct in a significant intercept length. - Positive factor: Confirms Ni-Cu-PGM mineralization at depth. - Negative factor: True thickness not estimated. Evidence · table > 0.12 Context: LKE-25-001 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### LKE-25-001 [Link to this fact](https://atlas-extractions.minestarters.com/news/spc-nickel-reports-positive-metallurgical-results-from-the-west-graham-project-s--af6dc588-2795-44f4-8a0f-28285c630fd2#fact-drill-facts-22) LKE · silver #### Identity - Hole ID: LKE-25-001 - Project: LKE - Commodity: silver - Region: canada\_on - Reported Region: canada\_on - Ticker: SPC #### Geometry - Grade: 1.67 - Grade Unit: g/t - Intercept: 49 m - From: 1693 m - To: 1742 m - Hole Depth: 1866 m - Intercept Depth: 1693 m #### Classification - Program: exploration - Sample Type: drill - Group ID: LKE-25-001:1693-1742 - Mining Method: underground #### QA/QC - Laboratory: ALS Chemex - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Deleterious - Deleterious Flag: No #### Metal Equivalent - Assumptions Disclosed: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-02-27T00:00:00.000Z Reasoning: The silver grade of 1.67 g/t over 49.0 meters is a minor byproduct, but its presence contributes to the overall polymetallic nature of the mineralization. - Positive factor: Silver presence as a byproduct in a significant intercept length. - Positive factor: Confirms Ni-Cu-PGM mineralization at depth. - Negative factor: True thickness not estimated. Evidence · table > 1.67 Context: LKE-25-001 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### LKE-25-001 [Link to this fact](https://atlas-extractions.minestarters.com/news/spc-nickel-reports-positive-metallurgical-results-from-the-west-graham-project-s--af6dc588-2795-44f4-8a0f-28285c630fd2#fact-drill-facts-23) LKE · nickel #### Identity - Hole ID: LKE-25-001 - Project: LKE - Commodity: nickel - Region: canada\_on - Reported Region: canada\_on - Ticker: SPC #### Geometry - Grade: 0.52 - Grade Unit: % - Intercept: 10.8 m - From: 1700 m - To: 1710.8 m - Hole Depth: 1866 m - Intercept Depth: 1693 m #### Classification - Program: exploration - Sample Type: drill - Group ID: LKE-25-001:1700-1710.8 - Mining Method: underground #### QA/QC - Laboratory: ALS Chemex - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Deleterious - Deleterious Flag: No #### Metal Equivalent - Assumptions Disclosed: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-02-27T00:00:00.000Z Reasoning: This high-grade nickel sub-interval of 0.52% over 10.8 meters is a very strong result, indicating a concentrated zone of mineralization within the broader intercept and enhancing the overall prospectivity. - Positive factor: High-grade nickel sub-interval within a broader mineralized zone. - Positive factor: Confirms strong mineralization at depth. - Negative factor: True thickness not estimated. Evidence · table > 0.52 Context: including #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### LKE-25-001 [Link to this fact](https://atlas-extractions.minestarters.com/news/spc-nickel-reports-positive-metallurgical-results-from-the-west-graham-project-s--af6dc588-2795-44f4-8a0f-28285c630fd2#fact-drill-facts-24) LKE · copper #### Identity - Hole ID: LKE-25-001 - Project: LKE - Commodity: copper - Region: canada\_on - Reported Region: canada\_on - Ticker: SPC #### Geometry - Grade: 0.42 - Grade Unit: % - Intercept: 10.8 m - From: 1700 m - To: 1710.8 m - Hole Depth: 1866 m - Intercept Depth: 1693 m #### Classification - Program: exploration - Sample Type: drill - Group ID: LKE-25-001:1700-1710.8 - Mining Method: underground #### QA/QC - Laboratory: ALS Chemex - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Deleterious - Deleterious Flag: No #### Metal Equivalent - Assumptions Disclosed: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-02-27T00:00:00.000Z Reasoning: The copper grade of 0.42% over 10.8 meters is a strong byproduct result within this high-grade sub-interval, further enhancing the polymetallic nature and value of the intercept. - Positive factor: High-grade copper sub-interval within a broader mineralized zone. - Positive factor: Confirms strong mineralization at depth. - Negative factor: True thickness not estimated. Evidence · table > 0.42 Context: including #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### LKE-25-001 [Link to this fact](https://atlas-extractions.minestarters.com/news/spc-nickel-reports-positive-metallurgical-results-from-the-west-graham-project-s--af6dc588-2795-44f4-8a0f-28285c630fd2#fact-drill-facts-25) LKE · cobalt #### Identity - Hole ID: LKE-25-001 - Project: LKE - Commodity: cobalt - Region: canada\_on - Reported Region: canada\_on - Ticker: SPC #### Geometry - Grade: 0.01 - Grade Unit: % - Intercept: 10.8 m - From: 1700 m - To: 1710.8 m - Hole Depth: 1866 m - Intercept Depth: 1693 m #### Classification - Program: exploration - Sample Type: drill - Group ID: LKE-25-001:1700-1710.8 - Mining Method: underground #### QA/QC - Laboratory: ALS Chemex - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Deleterious - Deleterious Flag: No #### Metal Equivalent - Assumptions Disclosed: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-02-27T00:00:00.000Z Reasoning: The presence of cobalt in this high-grade sub-interval, even at a lower grade, contributes to the overall polymetallic value of the intercept. - Positive factor: Cobalt presence as a byproduct in a high-grade sub-interval. - Positive factor: Confirms strong mineralization at depth. - Negative factor: True thickness not estimated. Evidence · table > 0.01 Context: including #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### LKE-25-001 [Link to this fact](https://atlas-extractions.minestarters.com/news/spc-nickel-reports-positive-metallurgical-results-from-the-west-graham-project-s--af6dc588-2795-44f4-8a0f-28285c630fd2#fact-drill-facts-26) LKE · platinum #### Identity - Hole ID: LKE-25-001 - Project: LKE - Commodity: platinum - Region: canada\_on - Reported Region: canada\_on - Ticker: SPC #### Geometry - Grade: 0.57 - Grade Unit: g/t - Intercept: 10.8 m - From: 1700 m - To: 1710.8 m - Hole Depth: 1866 m - Intercept Depth: 1693 m #### Classification - Program: exploration - Sample Type: drill - Group ID: LKE-25-001:1700-1710.8 - Mining Method: underground #### QA/QC - Laboratory: ALS Chemex - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Deleterious - Deleterious Flag: No #### Metal Equivalent - Assumptions Disclosed: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-02-27T00:00:00.000Z Reasoning: The platinum grade of 0.57 g/t over 10.8 meters is a strong PGM byproduct result, significantly contributing to the value of this high-grade sub-interval. - Positive factor: High-grade platinum sub-interval within a broader mineralized zone. - Positive factor: Confirms strong mineralization at depth. - Negative factor: True thickness not estimated. Evidence · table > 0.57 Context: including #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### LKE-25-001 [Link to this fact](https://atlas-extractions.minestarters.com/news/spc-nickel-reports-positive-metallurgical-results-from-the-west-graham-project-s--af6dc588-2795-44f4-8a0f-28285c630fd2#fact-drill-facts-27) LKE · palladium #### Identity - Hole ID: LKE-25-001 - Project: LKE - Commodity: palladium - Region: canada\_on - Reported Region: canada\_on - Ticker: SPC #### Geometry - Grade: 0.29 - Grade Unit: g/t - Intercept: 10.8 m - From: 1700 m - To: 1710.8 m - Hole Depth: 1866 m - Intercept Depth: 1693 m #### Classification - Program: exploration - Sample Type: drill - Group ID: LKE-25-001:1700-1710.8 - Mining Method: underground #### QA/QC - Laboratory: ALS Chemex - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Deleterious - Deleterious Flag: No #### Metal Equivalent - Assumptions Disclosed: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-02-27T00:00:00.000Z Reasoning: The palladium grade of 0.29 g/t over 10.8 meters is a positive PGM byproduct result within this high-grade sub-interval, adding to the overall value. - Positive factor: Palladium presence as a byproduct in a high-grade sub-interval. - Positive factor: Confirms strong mineralization at depth. - Negative factor: True thickness not estimated. Evidence · table > 0.29 Context: including #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### LKE-25-001 [Link to this fact](https://atlas-extractions.minestarters.com/news/spc-nickel-reports-positive-metallurgical-results-from-the-west-graham-project-s--af6dc588-2795-44f4-8a0f-28285c630fd2#fact-drill-facts-28) LKE · gold #### Identity - Hole ID: LKE-25-001 - Project: LKE - Commodity: gold - Region: canada\_on - Reported Region: canada\_on - Ticker: SPC #### Geometry - Grade: 0.3 - Grade Unit: g/t - Intercept: 10.8 m - From: 1700 m - To: 1710.8 m - Hole Depth: 1866 m - Intercept Depth: 1693 m #### Classification - Program: exploration - Sample Type: drill - Group ID: LKE-25-001:1700-1710.8 - Mining Method: underground #### QA/QC - Laboratory: ALS Chemex - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Deleterious - Deleterious Flag: No #### Metal Equivalent - Assumptions Disclosed: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-02-27T00:00:00.000Z Reasoning: The gold grade of 0.30 g/t over 10.8 meters is a positive byproduct result within this high-grade sub-interval, contributing to the overall polymetallic value. - Positive factor: Gold presence as a byproduct in a high-grade sub-interval. - Positive factor: Confirms strong mineralization at depth. - Negative factor: True thickness not estimated. Evidence · table > 0.30 Context: including #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### LKE-25-001 [Link to this fact](https://atlas-extractions.minestarters.com/news/spc-nickel-reports-positive-metallurgical-results-from-the-west-graham-project-s--af6dc588-2795-44f4-8a0f-28285c630fd2#fact-drill-facts-29) LKE · silver #### Identity - Hole ID: LKE-25-001 - Project: LKE - Commodity: silver - Region: canada\_on - Reported Region: canada\_on - Ticker: SPC #### Geometry - Grade: 2.48 - Grade Unit: g/t - Intercept: 10.8 m - From: 1700 m - To: 1710.8 m - Hole Depth: 1866 m - Intercept Depth: 1693 m #### Classification - Program: exploration - Sample Type: drill - Group ID: LKE-25-001:1700-1710.8 - Mining Method: underground #### QA/QC - Laboratory: ALS Chemex - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Deleterious - Deleterious Flag: No #### Metal Equivalent - Assumptions Disclosed: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-02-27T00:00:00.000Z Reasoning: The silver grade of 2.48 g/t over 10.8 meters is a minor byproduct, but its presence contributes to the overall polymetallic nature of the mineralization in this high-grade zone. - Positive factor: Silver presence as a byproduct in a high-grade sub-interval. - Positive factor: Confirms strong mineralization at depth. - Negative factor: True thickness not estimated. Evidence · table > 2.48 Context: including #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### LKE-25-001 [Link to this fact](https://atlas-extractions.minestarters.com/news/spc-nickel-reports-positive-metallurgical-results-from-the-west-graham-project-s--af6dc588-2795-44f4-8a0f-28285c630fd2#fact-drill-facts-30) LKE · nickel #### Identity - Hole ID: LKE-25-001 - Project: LKE - Commodity: nickel - Region: canada\_on - Reported Region: canada\_on - Ticker: SPC #### Geometry - Grade: 0.46 - Grade Unit: % - Intercept: 12.5 m - From: 1725.5 m - To: 1738 m - Hole Depth: 1866 m - Intercept Depth: 1693 m #### Classification - Program: exploration - Sample Type: drill - Group ID: LKE-25-001:1725.5-1738 - Mining Method: underground #### QA/QC - Laboratory: ALS Chemex - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Deleterious - Deleterious Flag: No #### Metal Equivalent - Assumptions Disclosed: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-02-27T00:00:00.000Z Reasoning: This nickel grade of 0.46% over 12.5 meters is a strong result within the broader intercept, indicating consistent mineralization at depth. - Positive factor: Good nickel grade over a significant sub-interval. - Positive factor: Confirms strong mineralization at depth. - Negative factor: True thickness not estimated. Evidence · table > 0.46 Context: including #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### LKE-25-001 [Link to this fact](https://atlas-extractions.minestarters.com/news/spc-nickel-reports-positive-metallurgical-results-from-the-west-graham-project-s--af6dc588-2795-44f4-8a0f-28285c630fd2#fact-drill-facts-31) LKE · copper #### Identity - Hole ID: LKE-25-001 - Project: LKE - Commodity: copper - Region: canada\_on - Reported Region: canada\_on - Ticker: SPC #### Geometry - Grade: 0.3 - Grade Unit: % - Intercept: 12.5 m - From: 1725.5 m - To: 1738 m - Hole Depth: 1866 m - Intercept Depth: 1693 m #### Classification - Program: exploration - Sample Type: drill - Group ID: LKE-25-001:1725.5-1738 - Mining Method: underground #### QA/QC - Laboratory: ALS Chemex - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Deleterious - Deleterious Flag: No #### Metal Equivalent - Assumptions Disclosed: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-02-27T00:00:00.000Z Reasoning: The copper grade of 0.30% over 12.5 meters is a good byproduct result within this sub-interval, supporting the polymetallic nature of the mineralization. - Positive factor: Good copper grade over a significant sub-interval. - Positive factor: Confirms strong mineralization at depth. - Negative factor: True thickness not estimated. Evidence · table > 0.30 Context: including #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### LKE-25-001 [Link to this fact](https://atlas-extractions.minestarters.com/news/spc-nickel-reports-positive-metallurgical-results-from-the-west-graham-project-s--af6dc588-2795-44f4-8a0f-28285c630fd2#fact-drill-facts-32) LKE · cobalt #### Identity - Hole ID: LKE-25-001 - Project: LKE - Commodity: cobalt - Region: canada\_on - Reported Region: canada\_on - Ticker: SPC #### Geometry - Grade: 0.01 - Grade Unit: % - Intercept: 12.5 m - From: 1725.5 m - To: 1738 m - Hole Depth: 1866 m - Intercept Depth: 1693 m #### Classification - Program: exploration - Sample Type: drill - Group ID: LKE-25-001:1725.5-1738 - Mining Method: underground #### QA/QC - Laboratory: ALS Chemex - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Deleterious - Deleterious Flag: No #### Metal Equivalent - Assumptions Disclosed: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-02-27T00:00:00.000Z Reasoning: The presence of cobalt in this sub-interval, even at a lower grade, contributes to the overall polymetallic value of the intercept. - Positive factor: Cobalt presence as a byproduct in a significant sub-interval. - Positive factor: Confirms strong mineralization at depth. - Negative factor: True thickness not estimated. Evidence · table > 0.01 Context: including #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### LKE-25-001 [Link to this fact](https://atlas-extractions.minestarters.com/news/spc-nickel-reports-positive-metallurgical-results-from-the-west-graham-project-s--af6dc588-2795-44f4-8a0f-28285c630fd2#fact-drill-facts-33) LKE · platinum #### Identity - Hole ID: LKE-25-001 - Project: LKE - Commodity: platinum - Region: canada\_on - Reported Region: canada\_on - Ticker: SPC #### Geometry - Grade: 0.43 - Grade Unit: g/t - Intercept: 12.5 m - From: 1725.5 m - To: 1738 m - Hole Depth: 1866 m - Intercept Depth: 1693 m #### Classification - Program: exploration - Sample Type: drill - Group ID: LKE-25-001:1725.5-1738 - Mining Method: underground #### QA/QC - Laboratory: ALS Chemex - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Deleterious - Deleterious Flag: No #### Metal Equivalent - Assumptions Disclosed: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-02-27T00:00:00.000Z Reasoning: The platinum grade of 0.43 g/t over 12.5 meters is a positive PGM byproduct result, contributing to the overall value of this sub-interval. - Positive factor: Good platinum grade over a significant sub-interval. - Positive factor: Confirms strong mineralization at depth. - Negative factor: True thickness not estimated. Evidence · table > 0.43 Context: including #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### LKE-25-001 [Link to this fact](https://atlas-extractions.minestarters.com/news/spc-nickel-reports-positive-metallurgical-results-from-the-west-graham-project-s--af6dc588-2795-44f4-8a0f-28285c630fd2#fact-drill-facts-34) LKE · palladium #### Identity - Hole ID: LKE-25-001 - Project: LKE - Commodity: palladium - Region: canada\_on - Reported Region: canada\_on - Ticker: SPC #### Geometry - Grade: 0.11 - Grade Unit: g/t - Intercept: 12.5 m - From: 1725.5 m - To: 1738 m - Hole Depth: 1866 m - Intercept Depth: 1693 m #### Classification - Program: exploration - Sample Type: drill - Group ID: LKE-25-001:1725.5-1738 - Mining Method: underground #### QA/QC - Laboratory: ALS Chemex - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Deleterious - Deleterious Flag: No #### Metal Equivalent - Assumptions Disclosed: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-02-27T00:00:00.000Z Reasoning: The palladium grade of 0.11 g/t over 12.5 meters is a positive PGM byproduct result within this sub-interval, contributing to the overall value. - Positive factor: Palladium presence as a byproduct in a significant sub-interval. - Positive factor: Confirms strong mineralization at depth. - Negative factor: True thickness not estimated. Evidence · table > 0.11 Context: including #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### LKE-25-001 [Link to this fact](https://atlas-extractions.minestarters.com/news/spc-nickel-reports-positive-metallurgical-results-from-the-west-graham-project-s--af6dc588-2795-44f4-8a0f-28285c630fd2#fact-drill-facts-35) LKE · gold #### Identity - Hole ID: LKE-25-001 - Project: LKE - Commodity: gold - Region: canada\_on - Reported Region: canada\_on - Ticker: SPC #### Geometry - Grade: 0.08 - Grade Unit: g/t - Intercept: 12.5 m - From: 1725.5 m - To: 1738 m - Hole Depth: 1866 m - Intercept Depth: 1693 m #### Classification - Program: exploration - Sample Type: drill - Group ID: LKE-25-001:1725.5-1738 - Mining Method: underground #### QA/QC - Laboratory: ALS Chemex - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Deleterious - Deleterious Flag: No #### Metal Equivalent - Assumptions Disclosed: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-02-27T00:00:00.000Z Reasoning: The gold grade of 0.08 g/t over 12.5 meters is a minor byproduct, but its presence contributes to the overall polymetallic nature of the mineralization. - Positive factor: Gold presence as a byproduct in a significant sub-interval. - Positive factor: Confirms strong mineralization at depth. - Negative factor: True thickness not estimated. Evidence · table > 0.08 Context: including #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### LKE-25-001 [Link to this fact](https://atlas-extractions.minestarters.com/news/spc-nickel-reports-positive-metallurgical-results-from-the-west-graham-project-s--af6dc588-2795-44f4-8a0f-28285c630fd2#fact-drill-facts-36) LKE · silver #### Identity - Hole ID: LKE-25-001 - Project: LKE - Commodity: silver - Region: canada\_on - Reported Region: canada\_on - Ticker: SPC #### Geometry - Grade: 1.7 - Grade Unit: g/t - Intercept: 12.5 m - From: 1725.5 m - To: 1738 m - Hole Depth: 1866 m - Intercept Depth: 1693 m #### Classification - Program: exploration - Sample Type: drill - Group ID: LKE-25-001:1725.5-1738 - Mining Method: underground #### QA/QC - Laboratory: ALS Chemex - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Deleterious - Deleterious Flag: No #### Metal Equivalent - Assumptions Disclosed: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-02-27T00:00:00.000Z Reasoning: The silver grade of 1.70 g/t over 12.5 meters is a minor byproduct, but its presence contributes to the overall polymetallic nature of the mineralization in this zone. - Positive factor: Silver presence as a byproduct in a significant sub-interval. - Positive factor: Confirms strong mineralization at depth. - Negative factor: True thickness not estimated. Evidence · table > 1.70 Context: including #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### LKE-25-001 [Link to this fact](https://atlas-extractions.minestarters.com/news/spc-nickel-reports-positive-metallurgical-results-from-the-west-graham-project-s--af6dc588-2795-44f4-8a0f-28285c630fd2#fact-drill-facts-37) LKE · nickel #### Identity - Hole ID: LKE-25-001 - Project: LKE - Commodity: nickel - Region: canada\_on - Reported Region: canada\_on - Ticker: SPC #### Geometry - Grade: 0.41 - Grade Unit: % - Intercept: 10 m - From: 1793 m - To: 1803 m - Hole Depth: 1866 m - Intercept Depth: 1693 m #### Classification - Program: exploration - Sample Type: drill - Group ID: LKE-25-001:1793-1803 - Mining Method: underground #### QA/QC - Laboratory: ALS Chemex - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Deleterious - Deleterious Flag: No #### Metal Equivalent - Assumptions Disclosed: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-02-27T00:00:00.000Z Reasoning: This nickel grade of 0.41% over 10.0 meters is a good result, indicating continued mineralization at a deeper interval within the hole. - Positive factor: Good nickel grade over a significant intercept length. - Positive factor: Confirms strong mineralization at depth. - Negative factor: True thickness not estimated. Evidence · table > 0.41 Context: and #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### LKE-25-001 [Link to this fact](https://atlas-extractions.minestarters.com/news/spc-nickel-reports-positive-metallurgical-results-from-the-west-graham-project-s--af6dc588-2795-44f4-8a0f-28285c630fd2#fact-drill-facts-38) LKE · copper #### Identity - Hole ID: LKE-25-001 - Project: LKE - Commodity: copper - Region: canada\_on - Reported Region: canada\_on - Ticker: SPC #### Geometry - Grade: 0.39 - Grade Unit: % - Intercept: 10 m - From: 1793 m - To: 1803 m - Hole Depth: 1866 m - Intercept Depth: 1693 m #### Classification - Program: exploration - Sample Type: drill - Group ID: LKE-25-001:1793-1803 - Mining Method: underground #### QA/QC - Laboratory: ALS Chemex - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Deleterious - Deleterious Flag: No #### Metal Equivalent - Assumptions Disclosed: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-02-27T00:00:00.000Z Reasoning: The copper grade of 0.39% over 10.0 meters is a strong byproduct result, indicating consistent polymetallic mineralization at this deeper interval. - Positive factor: High-grade copper over a significant intercept length. - Positive factor: Confirms strong mineralization at depth. - Negative factor: True thickness not estimated. Evidence · table > 0.39 Context: and #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### LKE-25-001 [Link to this fact](https://atlas-extractions.minestarters.com/news/spc-nickel-reports-positive-metallurgical-results-from-the-west-graham-project-s--af6dc588-2795-44f4-8a0f-28285c630fd2#fact-drill-facts-39) LKE · cobalt #### Identity - Hole ID: LKE-25-001 - Project: LKE - Commodity: cobalt - Region: canada\_on - Reported Region: canada\_on - Ticker: SPC #### Geometry - Grade: 0.01 - Grade Unit: % - Intercept: 10 m - From: 1793 m - To: 1803 m - Hole Depth: 1866 m - Intercept Depth: 1693 m #### Classification - Program: exploration - Sample Type: drill - Group ID: LKE-25-001:1793-1803 - Mining Method: underground #### QA/QC - Laboratory: ALS Chemex - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Deleterious - Deleterious Flag: No #### Metal Equivalent - Assumptions Disclosed: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-02-27T00:00:00.000Z Reasoning: The presence of cobalt in this deeper interval, even at a lower grade, contributes to the overall polymetallic value of the intercept. - Positive factor: Cobalt presence as a byproduct in a significant intercept length. - Positive factor: Confirms strong mineralization at depth. - Negative factor: True thickness not estimated. Evidence · table > 0.01 Context: and #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### LKE-25-001 [Link to this fact](https://atlas-extractions.minestarters.com/news/spc-nickel-reports-positive-metallurgical-results-from-the-west-graham-project-s--af6dc588-2795-44f4-8a0f-28285c630fd2#fact-drill-facts-40) LKE · platinum #### Identity - Hole ID: LKE-25-001 - Project: LKE - Commodity: platinum - Region: canada\_on - Reported Region: canada\_on - Ticker: SPC #### Geometry - Grade: 0.08 - Grade Unit: g/t - Intercept: 10 m - From: 1793 m - To: 1803 m - Hole Depth: 1866 m - Intercept Depth: 1693 m #### Classification - Program: exploration - Sample Type: drill - Group ID: LKE-25-001:1793-1803 - Mining Method: underground #### QA/QC - Laboratory: ALS Chemex - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Deleterious - Deleterious Flag: No #### Metal Equivalent - Assumptions Disclosed: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-02-27T00:00:00.000Z Reasoning: The platinum grade of 0.08 g/t over 10.0 meters is a minor PGM byproduct, but its presence contributes to the overall polymetallic nature of the mineralization. - Positive factor: Platinum presence as a byproduct in a significant intercept length. - Positive factor: Confirms strong mineralization at depth. - Negative factor: True thickness not estimated. Evidence · table > 0.08 Context: and #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### LKE-25-001 [Link to this fact](https://atlas-extractions.minestarters.com/news/spc-nickel-reports-positive-metallurgical-results-from-the-west-graham-project-s--af6dc588-2795-44f4-8a0f-28285c630fd2#fact-drill-facts-41) LKE · palladium #### Identity - Hole ID: LKE-25-001 - Project: LKE - Commodity: palladium - Region: canada\_on - Reported Region: canada\_on - Ticker: SPC #### Geometry - Grade: 0.03 - Grade Unit: g/t - Intercept: 10 m - From: 1793 m - To: 1803 m - Hole Depth: 1866 m - Intercept Depth: 1693 m #### Classification - Program: exploration - Sample Type: drill - Group ID: LKE-25-001:1793-1803 - Mining Method: underground #### QA/QC - Laboratory: ALS Chemex - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Deleterious - Deleterious Flag: No #### Metal Equivalent - Assumptions Disclosed: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-02-27T00:00:00.000Z Reasoning: The palladium grade of 0.03 g/t over 10.0 meters is a minor PGM byproduct, but its presence contributes to the overall polymetallic nature of the mineralization. - Positive factor: Palladium presence as a byproduct in a significant intercept length. - Positive factor: Confirms strong mineralization at depth. - Negative factor: True thickness not estimated. Evidence · table > 0.03 Context: and #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### LKE-25-001 [Link to this fact](https://atlas-extractions.minestarters.com/news/spc-nickel-reports-positive-metallurgical-results-from-the-west-graham-project-s--af6dc588-2795-44f4-8a0f-28285c630fd2#fact-drill-facts-42) LKE · gold #### Identity - Hole ID: LKE-25-001 - Project: LKE - Commodity: gold - Region: canada\_on - Reported Region: canada\_on - Ticker: SPC #### Geometry - Grade: 0.03 - Grade Unit: g/t - Intercept: 10 m - From: 1793 m - To: 1803 m - Hole Depth: 1866 m - Intercept Depth: 1693 m #### Classification - Program: exploration - Sample Type: drill - Group ID: LKE-25-001:1793-1803 - Mining Method: underground #### QA/QC - Laboratory: ALS Chemex - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Deleterious - Deleterious Flag: No #### Metal Equivalent - Assumptions Disclosed: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-02-27T00:00:00.000Z Reasoning: The gold grade of 0.03 g/t over 10.0 meters is a minor byproduct, but its presence contributes to the overall polymetallic nature of the mineralization. - Positive factor: Gold presence as a byproduct in a significant intercept length. - Positive factor: Confirms strong mineralization at depth. - Negative factor: True thickness not estimated. Evidence · table > 0.03 Context: and #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### LKE-25-001 [Link to this fact](https://atlas-extractions.minestarters.com/news/spc-nickel-reports-positive-metallurgical-results-from-the-west-graham-project-s--af6dc588-2795-44f4-8a0f-28285c630fd2#fact-drill-facts-43) LKE · silver #### Identity - Hole ID: LKE-25-001 - Project: LKE - Commodity: silver - Region: canada\_on - Reported Region: canada\_on - Ticker: SPC #### Geometry - Grade: 2.45 - Grade Unit: g/t - Intercept: 10 m - From: 1793 m - To: 1803 m - Hole Depth: 1866 m - Intercept Depth: 1693 m #### Classification - Program: exploration - Sample Type: drill - Group ID: LKE-25-001:1793-1803 - Mining Method: underground #### QA/QC - Laboratory: ALS Chemex - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Deleterious - Deleterious Flag: No #### Metal Equivalent - Assumptions Disclosed: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-02-27T00:00:00.000Z Reasoning: The silver grade of 2.45 g/t over 10.0 meters is a minor byproduct, but its presence contributes to the overall polymetallic nature of the mineralization in this deeper zone. - Positive factor: Silver presence as a byproduct in a significant intercept length. - Positive factor: Confirms strong mineralization at depth. - Negative factor: True thickness not estimated. Evidence · table > 2.45 Context: and #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ## Resource Estimates (8) ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/spc-nickel-reports-positive-metallurgical-results-from-the-west-graham-project-s--af6dc588-2795-44f4-8a0f-28285c630fd2#fact-resource-facts-8) West Graham Project · nickel Historical result Needs review: historical\_restatement #### Identity - Project: West Graham Project - Commodity: nickel - Region: canada\_on - Reported Region: Ontario - Ticker: SPC #### Resource scope - Estimate type: resource - Effective date: 2024-01-17T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Grant Mourre - Resource group id: resource:b00486e27d9722b96832 - Deposit or zone: In-Pit Resource - Mining method: open\_pit #### Resource Data - Category: indicated - Tonnes: 19300000 - Grade: 0.42 - Grade Unit: % - Cutoff Grade: 0.3 - Cutoff Unit: % NiEq #### Prior Estimate - Resource Date: 2024-01-17 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2024-01-17T00:00:00.000Z #### Dates - Event date: 2026-02-27T00:00:00.000Z Reasoning: This is a previously reported indicated resource for the West Graham Project, providing context for the current metallurgical work. The tonnage and grade are significant for an in-pit resource. - Positive factor: Significant indicated resource tonnage and grade. - Positive factor: Resource is in-pit, suggesting potential for open-pit mining. - Negative factor: This is a historical estimate, not new information. Evidence · text > In-Pit Resource \(0.3% NiEq Cutoff Grade\) of Indicated Resource of 19.3 Mt at 0.42% Ni #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 2.1 years before this release ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/spc-nickel-reports-positive-metallurgical-results-from-the-west-graham-project-s--af6dc588-2795-44f4-8a0f-28285c630fd2#fact-resource-facts-9) West Graham Project · copper Historical result Needs review: historical\_restatement #### Identity - Project: West Graham Project - Commodity: copper - Region: canada\_on - Reported Region: Ontario - Ticker: SPC #### Resource scope - Estimate type: resource - Effective date: 2024-01-17T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Grant Mourre - Resource group id: resource:b00486e27d9722b96832 - Deposit or zone: In-Pit Resource - Mining method: open\_pit #### Resource Data - Category: indicated - Tonnes: 19300000 - Grade: 0.28 - Grade Unit: % - Cutoff Grade: 0.3 - Cutoff Unit: % NiEq #### Prior Estimate - Resource Date: 2024-01-17 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2024-01-17T00:00:00.000Z #### Dates - Event date: 2026-02-27T00:00:00.000Z Reasoning: This is a previously reported indicated resource for the West Graham Project, with copper as a significant byproduct. It provides context for the current metallurgical work. - Positive factor: Significant indicated resource tonnage with copper as a byproduct. - Positive factor: Resource is in-pit, suggesting potential for open-pit mining. - Negative factor: This is a historical estimate, not new information. Evidence · text > 0.28% Cu in the indicated category #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 2.1 years before this release ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/spc-nickel-reports-positive-metallurgical-results-from-the-west-graham-project-s--af6dc588-2795-44f4-8a0f-28285c630fd2#fact-resource-facts-10) West Graham Project · nickel Historical result Needs review: historical\_restatement #### Identity - Project: West Graham Project - Commodity: nickel - Region: canada\_on - Reported Region: Ontario - Ticker: SPC #### Resource scope - Estimate type: resource - Effective date: 2024-01-17T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Grant Mourre - Resource group id: resource:41170c4a127cb73c3565 - Deposit or zone: In-Pit Resource - Mining method: open\_pit #### Resource Data - Category: inferred - Tonnes: 3300000 - Grade: 0.37 - Grade Unit: % - Cutoff Grade: 0.3 - Cutoff Unit: % NiEq #### Prior Estimate - Resource Date: 2024-01-17 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2024-01-17T00:00:00.000Z #### Dates - Event date: 2026-02-27T00:00:00.000Z Reasoning: This is a previously reported inferred resource, indicating further potential but with lower geological confidence. It provides context for the current metallurgical work. - Positive factor: Additional inferred resource tonnage and grade. - Negative factor: This is a historical estimate, not new information. - Negative factor: Inferred category has lower confidence. Evidence · text > 3.3 Mt at 0.37% Ni #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 2.1 years before this release ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/spc-nickel-reports-positive-metallurgical-results-from-the-west-graham-project-s--af6dc588-2795-44f4-8a0f-28285c630fd2#fact-resource-facts-11) West Graham Project · copper Historical result Needs review: historical\_restatement #### Identity - Project: West Graham Project - Commodity: copper - Region: canada\_on - Reported Region: Ontario - Ticker: SPC #### Resource scope - Estimate type: resource - Effective date: 2024-01-17T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Grant Mourre - Resource group id: resource:41170c4a127cb73c3565 - Deposit or zone: In-Pit Resource - Mining method: open\_pit #### Resource Data - Category: inferred - Tonnes: 3300000 - Grade: 0.28 - Grade Unit: % - Cutoff Grade: 0.3 - Cutoff Unit: % NiEq #### Prior Estimate - Resource Date: 2024-01-17 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2024-01-17T00:00:00.000Z #### Dates - Event date: 2026-02-27T00:00:00.000Z Reasoning: This is a previously reported inferred resource, with copper as a byproduct, providing further potential but with lower geological confidence. - Positive factor: Additional inferred resource tonnage with copper as a byproduct. - Negative factor: This is a historical estimate, not new information. - Negative factor: Inferred category has lower confidence. Evidence · text > 0.28% Cu in the inferred category #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 2.1 years before this release ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/spc-nickel-reports-positive-metallurgical-results-from-the-west-graham-project-s--af6dc588-2795-44f4-8a0f-28285c630fd2#fact-resource-facts-12) West Graham Project · nickel Historical result Needs review: historical\_restatement #### Identity - Project: West Graham Project - Commodity: nickel - Region: canada\_on - Reported Region: Ontario - Ticker: SPC #### Resource scope - Estimate type: resource - Effective date: 2024-01-17T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Grant Mourre - Resource group id: resource:b72ebcd3f99bafad2dae - Deposit or zone: Out-of-Pit Resource - Mining method: underground #### Resource Data - Category: indicated - Tonnes: 3200000 - Grade: 0.63 - Grade Unit: % - Cutoff Grade: 0.7 - Cutoff Unit: % NiEq #### Prior Estimate - Resource Date: 2024-01-17 #### Metal Equivalent - Metal Eq. Grade: 0.92 - Metal Eq. Unit: % NiEq - Assumptions Disclosed: No #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2024-01-17T00:00:00.000Z #### Dates - Event date: 2026-02-27T00:00:00.000Z Reasoning: This is a previously reported high-grade indicated resource for out-of-pit material, suggesting underground potential. It contributes to the overall project scale, but the metal equivalent assumptions are not transparent. - Positive factor: High-grade indicated resource for out-of-pit material. - Positive factor: Adds to the overall resource base. - Negative factor: This is a historical estimate, not new information. - Negative factor: Metal equivalent assumptions not disclosed. Evidence · text > 3.2 Mt at 0.63% Ni, 0.47% Cu \(0.92% NiEq\) in the indicated category #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 2.1 years before this release ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/spc-nickel-reports-positive-metallurgical-results-from-the-west-graham-project-s--af6dc588-2795-44f4-8a0f-28285c630fd2#fact-resource-facts-13) West Graham Project · copper Historical result Needs review: historical\_restatement #### Identity - Project: West Graham Project - Commodity: copper - Region: canada\_on - Reported Region: Ontario - Ticker: SPC #### Resource scope - Estimate type: resource - Effective date: 2024-01-17T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Grant Mourre - Resource group id: resource:b72ebcd3f99bafad2dae - Deposit or zone: Out-of-Pit Resource - Mining method: underground #### Resource Data - Category: indicated - Tonnes: 3200000 - Grade: 0.47 - Grade Unit: % - Cutoff Grade: 0.7 - Cutoff Unit: % NiEq #### Prior Estimate - Resource Date: 2024-01-17 #### Metal Equivalent - Metal Eq. Grade: 0.92 - Metal Eq. Unit: % NiEq - Assumptions Disclosed: No #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2024-01-17T00:00:00.000Z #### Dates - Event date: 2026-02-27T00:00:00.000Z Reasoning: This is a previously reported indicated resource for out-of-pit material, with copper as a significant byproduct. It contributes to the overall project scale, but the metal equivalent assumptions are not transparent. - Positive factor: Good copper grade as a byproduct in an indicated resource. - Positive factor: Adds to the overall resource base. - Negative factor: This is a historical estimate, not new information. - Negative factor: Metal equivalent assumptions not disclosed. Evidence · text > 0.47% Cu \(0.92% NiEq\) in the indicated category #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 2.1 years before this release ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/spc-nickel-reports-positive-metallurgical-results-from-the-west-graham-project-s--af6dc588-2795-44f4-8a0f-28285c630fd2#fact-resource-facts-14) West Graham Project · nickel Historical result Needs review: historical\_restatement #### Identity - Project: West Graham Project - Commodity: nickel - Region: canada\_on - Reported Region: Ontario - Ticker: SPC #### Resource scope - Estimate type: resource - Effective date: 2024-01-17T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Grant Mourre - Resource group id: resource:0d509be32337fa088821 - Deposit or zone: Out-of-Pit Resource - Mining method: underground #### Resource Data - Category: inferred - Tonnes: 3900000 - Grade: 0.69 - Grade Unit: % - Cutoff Grade: 0.7 - Cutoff Unit: % NiEq #### Prior Estimate - Resource Date: 2024-01-17 #### Metal Equivalent - Metal Eq. Grade: 0.97 - Metal Eq. Unit: % NiEq - Assumptions Disclosed: No #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2024-01-17T00:00:00.000Z #### Dates - Event date: 2026-02-27T00:00:00.000Z Reasoning: This is a previously reported high-grade inferred resource for out-of-pit material, indicating further potential but with lower geological confidence. The metal equivalent assumptions are not transparent. - Positive factor: High-grade inferred resource for out-of-pit material. - Positive factor: Adds to the overall resource base. - Negative factor: This is a historical estimate, not new information. - Negative factor: Inferred category has lower confidence. - Negative factor: Metal equivalent assumptions not disclosed. Evidence · text > 3.9 Mt at 0.69% Ni, 0.43% Cu \(0.97% NiEq\) in the inferred category #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 2.1 years before this release ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/spc-nickel-reports-positive-metallurgical-results-from-the-west-graham-project-s--af6dc588-2795-44f4-8a0f-28285c630fd2#fact-resource-facts-15) West Graham Project · copper Historical result Needs review: historical\_restatement #### Identity - Project: West Graham Project - Commodity: copper - Region: canada\_on - Reported Region: Ontario - Ticker: SPC #### Resource scope - Estimate type: resource - Effective date: 2024-01-17T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Grant Mourre - Resource group id: resource:0d509be32337fa088821 - Deposit or zone: Out-of-Pit Resource - Mining method: underground #### Resource Data - Category: inferred - Tonnes: 3900000 - Grade: 0.43 - Grade Unit: % - Cutoff Grade: 0.7 - Cutoff Unit: % NiEq #### Prior Estimate - Resource Date: 2024-01-17 #### Metal Equivalent - Metal Eq. Grade: 0.97 - Metal Eq. Unit: % NiEq - Assumptions Disclosed: No #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2024-01-17T00:00:00.000Z #### Dates - Event date: 2026-02-27T00:00:00.000Z Reasoning: This is a previously reported inferred resource for out-of-pit material, with copper as a byproduct, indicating further potential but with lower geological confidence. The metal equivalent assumptions are not transparent. - Positive factor: Good copper grade as a byproduct in an inferred resource. - Positive factor: Adds to the overall resource base. - Negative factor: This is a historical estimate, not new information. - Negative factor: Inferred category has lower confidence. - Negative factor: Metal equivalent assumptions not disclosed. Evidence · text > 0.43% Cu \(0.97% NiEq\) in the inferred category #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 2.1 years before this release ## Metallurgical Results (8) ### locked-cycle [Link to this fact](https://atlas-extractions.minestarters.com/news/spc-nickel-reports-positive-metallurgical-results-from-the-west-graham-project-s--af6dc588-2795-44f4-8a0f-28285c630fd2#fact-metallurgical-facts-0) West Graham Project · copper #### Identity - Project: West Graham Project - Commodity: copper - Region: canada\_on - Reported Region: Ontario - Ticker: SPC #### Test Work - Program Status: detailed - Test Type: locked-cycle - Processing Route: flotation - Sample: RghrClnr + Po Clnr Conc #### Recovery - Recovery: 85.3 % - Recovery Basis: actual\_test - Head Grade: 0.24 - Head Grade Unit: % - Conc. Grade: 5.96 - Conc. Grade Unit: % #### Lab - Laboratory: XPS Expert Process Solutions - Consultant: Steve Wilson #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-02-27T00:00:00.000Z Reasoning: The copper recovery of 85.3% into a combined concentrate is strong for a flotation process, indicating good metallurgical performance for this commodity. The concentrate grade is also favorable, and the absence of penalty elements further enhances the result. - Positive factor: High copper recovery achieved in locked-cycle test. - Positive factor: Concentrate grade is good for copper. - Positive factor: No penalty elements reported. - Positive factor: Test work conducted by reputable lab and consultant. Evidence · table > 85.3 Context: RghrClnr + Po Clnr Conc #### Tags used in scoring **Mill Route** Polarity: neutral Definition: Processing via mill or concentrator \(CIL, CIP, tank leach, flotation\). Why it applies: processing\_route matches the flotation signal ### locked-cycle [Link to this fact](https://atlas-extractions.minestarters.com/news/spc-nickel-reports-positive-metallurgical-results-from-the-west-graham-project-s--af6dc588-2795-44f4-8a0f-28285c630fd2#fact-metallurgical-facts-1) West Graham Project · nickel #### Identity - Project: West Graham Project - Commodity: nickel - Region: canada\_on - Reported Region: Ontario - Ticker: SPC #### Test Work - Program Status: detailed - Test Type: locked-cycle - Processing Route: flotation - Sample: RghrClnr + Po Clnr Conc #### Recovery - Recovery: 69.6 % - Recovery Basis: actual\_test - Head Grade: 0.43 - Head Grade Unit: % - Conc. Grade: 8.81 - Conc. Grade Unit: % #### Lab - Laboratory: XPS Expert Process Solutions - Consultant: Steve Wilson #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-02-27T00:00:00.000Z Reasoning: The nickel recovery of 69.6% into a combined concentrate is a good result for a flotation process, especially for a disseminated sulphide resource. The concentrate grade is also positive, and the absence of penalty elements is a key de-risking factor. - Positive factor: Good nickel recovery achieved in locked-cycle test. - Positive factor: Concentrate grade is good for nickel. - Positive factor: No penalty elements reported. - Positive factor: Test work conducted by reputable lab and consultant. Evidence · table > 69.6 Context: RghrClnr + Po Clnr Conc #### Tags used in scoring **Mill Route** Polarity: neutral Definition: Processing via mill or concentrator \(CIL, CIP, tank leach, flotation\). Why it applies: processing\_route matches the flotation signal **Low Recovery** Polarity: negative Definition: Recovery below the weak band for the commodity and processing route. Why it applies: 69.6% is below the weak band \(75%\) ### locked-cycle [Link to this fact](https://atlas-extractions.minestarters.com/news/spc-nickel-reports-positive-metallurgical-results-from-the-west-graham-project-s--af6dc588-2795-44f4-8a0f-28285c630fd2#fact-metallurgical-facts-2) West Graham Project · iron\_ore #### Identity - Project: West Graham Project - Commodity: iron\_ore - Region: canada\_on - Reported Region: Ontario - Ticker: SPC #### Test Work - Program Status: detailed - Test Type: locked-cycle - Processing Route: flotation - Sample: RghrClnr + Po Clnr Conc #### Recovery - Recovery: 11.3 % - Recovery Basis: actual\_test - Head Grade: 9.71 - Head Grade Unit: % - Conc. Grade: 31.94 - Conc. Grade Unit: % #### Lab - Laboratory: XPS Expert Process Solutions - Consultant: Steve Wilson #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-02-27T00:00:00.000Z Reasoning: Iron recovery is low, which is expected as it's not the primary target commodity. The concentrate grade is high, indicating some iron reports to the concentrate. Evidence · table > 11.3 Context: RghrClnr + Po Clnr Conc #### Tags used in scoring **Mill Route** Polarity: neutral Definition: Processing via mill or concentrator \(CIL, CIP, tank leach, flotation\). Why it applies: processing\_route matches the flotation signal ### locked-cycle [Link to this fact](https://atlas-extractions.minestarters.com/news/spc-nickel-reports-positive-metallurgical-results-from-the-west-graham-project-s--af6dc588-2795-44f4-8a0f-28285c630fd2#fact-metallurgical-facts-3) West Graham Project · sulfur #### Identity - Project: West Graham Project - Commodity: sulfur - Region: canada\_on - Reported Region: Ontario - Ticker: SPC #### Test Work - Program Status: detailed - Test Type: locked-cycle - Processing Route: flotation - Sample: RghrClnr + Po Clnr Conc #### Recovery - Recovery: 38.6 % - Recovery Basis: actual\_test - Head Grade: 2.72 - Head Grade Unit: % - Conc. Grade: 30.65 - Conc. Grade Unit: % #### Lab - Laboratory: XPS Expert Process Solutions - Consultant: Steve Wilson #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-02-27T00:00:00.000Z Reasoning: Sulfur recovery is moderate, which is expected as it's associated with the sulphide minerals being recovered. The concentrate grade is high. Evidence · table > 38.6 Context: RghrClnr + Po Clnr Conc #### Tags used in scoring **Mill Route** Polarity: neutral Definition: Processing via mill or concentrator \(CIL, CIP, tank leach, flotation\). Why it applies: processing\_route matches the flotation signal ### locked-cycle [Link to this fact](https://atlas-extractions.minestarters.com/news/spc-nickel-reports-positive-metallurgical-results-from-the-west-graham-project-s--af6dc588-2795-44f4-8a0f-28285c630fd2#fact-metallurgical-facts-4) West Graham Project · cobalt #### Identity - Project: West Graham Project - Commodity: cobalt - Region: canada\_on - Reported Region: Ontario - Ticker: SPC #### Test Work - Program Status: detailed - Test Type: locked-cycle - Processing Route: flotation - Sample: RghrClnr + Po Clnr Conc #### Recovery - Recovery: 67.2 % - Recovery Basis: actual\_test - Head Grade: 0.015 - Head Grade Unit: % - Conc. Grade: 0.29 - Conc. Grade Unit: % #### Lab - Laboratory: XPS Expert Process Solutions - Consultant: Steve Wilson #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-02-27T00:00:00.000Z Reasoning: A cobalt recovery of 67.2% is a strong result for a byproduct metal, indicating good co-recovery with nickel and copper. The concentrate grade is also significantly higher than the head grade. - Positive factor: Good cobalt recovery achieved as a byproduct. - Positive factor: Concentrate grade is significantly upgraded from head grade. Evidence · table > 67.2 Context: RghrClnr + Po Clnr Conc #### Tags used in scoring **Mill Route** Polarity: neutral Definition: Processing via mill or concentrator \(CIL, CIP, tank leach, flotation\). Why it applies: processing\_route matches the flotation signal ### locked-cycle [Link to this fact](https://atlas-extractions.minestarters.com/news/spc-nickel-reports-positive-metallurgical-results-from-the-west-graham-project-s--af6dc588-2795-44f4-8a0f-28285c630fd2#fact-metallurgical-facts-5) West Graham Project · palladium #### Identity - Project: West Graham Project - Commodity: palladium - Region: canada\_on - Reported Region: Ontario - Ticker: SPC #### Test Work - Program Status: detailed - Test Type: locked-cycle - Processing Route: flotation - Sample: RghrClnr + Po Clnr Conc #### Recovery - Recovery: 80.8 % - Recovery Basis: actual\_test - Head Grade: 15.2 - Head Grade Unit: ppb - Conc. Grade: 360 - Conc. Grade Unit: ppb #### Lab - Laboratory: XPS Expert Process Solutions - Consultant: Steve Wilson #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-02-27T00:00:00.000Z Reasoning: Palladium recovery of 80.8% is excellent for a PGM byproduct, indicating efficient capture of this valuable metal. The concentrate grade shows a substantial upgrade from the head grade. - Positive factor: Very high palladium recovery achieved as a byproduct. - Positive factor: Significant upgrade in concentrate grade. Evidence · table > 80.8 Context: RghrClnr + Po Clnr Conc #### Tags used in scoring **Mill Route** Polarity: neutral Definition: Processing via mill or concentrator \(CIL, CIP, tank leach, flotation\). Why it applies: processing\_route matches the flotation signal ### locked-cycle [Link to this fact](https://atlas-extractions.minestarters.com/news/spc-nickel-reports-positive-metallurgical-results-from-the-west-graham-project-s--af6dc588-2795-44f4-8a0f-28285c630fd2#fact-metallurgical-facts-6) West Graham Project · platinum #### Identity - Project: West Graham Project - Commodity: platinum - Region: canada\_on - Reported Region: Ontario - Ticker: SPC #### Test Work - Program Status: detailed - Test Type: locked-cycle - Processing Route: flotation - Sample: RghrClnr + Po Clnr Conc #### Recovery - Recovery: 59.8 % - Recovery Basis: actual\_test - Head Grade: 35.6 - Head Grade Unit: ppb - Conc. Grade: 621 - Conc. Grade Unit: ppb #### Lab - Laboratory: XPS Expert Process Solutions - Consultant: Steve Wilson #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-02-27T00:00:00.000Z Reasoning: Platinum recovery of 59.8% is a good result for a PGM byproduct, showing effective capture into the concentrate. The concentrate grade is significantly upgraded. - Positive factor: Good platinum recovery achieved as a byproduct. - Positive factor: Significant upgrade in concentrate grade. Evidence · table > 59.8 Context: RghrClnr + Po Clnr Conc #### Tags used in scoring **Mill Route** Polarity: neutral Definition: Processing via mill or concentrator \(CIL, CIP, tank leach, flotation\). Why it applies: processing\_route matches the flotation signal ### locked-cycle [Link to this fact](https://atlas-extractions.minestarters.com/news/spc-nickel-reports-positive-metallurgical-results-from-the-west-graham-project-s--af6dc588-2795-44f4-8a0f-28285c630fd2#fact-metallurgical-facts-7) West Graham Project · gold #### Identity - Project: West Graham Project - Commodity: gold - Region: canada\_on - Reported Region: Ontario - Ticker: SPC #### Test Work - Program Status: detailed - Test Type: locked-cycle - Processing Route: flotation - Sample: RghrClnr + Po Clnr Conc #### Recovery - Recovery: 43 % - Recovery Basis: actual\_test - Head Grade: 19.8 - Head Grade Unit: ppb - Conc. Grade: 248 - Conc. Grade Unit: ppb #### Lab - Laboratory: XPS Expert Process Solutions - Consultant: Steve Wilson #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-02-27T00:00:00.000Z Reasoning: Gold recovery of 43.0% is moderate for a byproduct, but still contributes to the overall value of the concentrate. The concentrate grade is significantly higher than the head grade. - Positive factor: Moderate gold recovery achieved as a byproduct. - Positive factor: Concentrate grade shows good upgrade. Evidence · table > 43.0 Context: RghrClnr + Po Clnr Conc #### Tags used in scoring **Mill Route** Polarity: neutral Definition: Processing via mill or concentrator \(CIL, CIP, tank leach, flotation\). Why it applies: processing\_route matches the flotation signal **Low Recovery** Polarity: negative Definition: Recovery below the weak band for the commodity and processing route. Why it applies: 43% 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.