Class1Nickel owns two high-grade past producing nickel sulphide projects in Tier 1 mining camps, including the Alexo-Dundonald Project with existing NI43-101 Compliant Mineral Resource with significant resource growth and near-term mining potential.
Multiple local processing options exist for Alexo-Dundonald, which could reduce upfront capex. Mineralized material was previously sent to Glencore’s Strathcona processing facility near Sudbury, and the Kidd Metallurgical Site is ~30 km away.
Historical drilling at Alexo-Dundonald and Somanike Projects was constrained to 200m depth so the project has significant. Investment is required to define a contiguous geological resource down plunge and along strike of the 4 zones.
Class 1 intend to aggressively explore and drill potential mineralized extensions and new, untested anomalies.
Cash: CAD$1M
Debt: NIL
Major shareholders: