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.
David Fitch Group – 43.6%
Paradise Capital Pty Ltd group – 23%
ML Fitch Nominees Pty Ltd – 7.53%
Stone Group Lawyers – 5.9%
Galaxie 66 Pty Ltd – 1.21%
Management Ownership – 45%
David Fitch – President
Extensive experience in commercial negotiations, business operations and asset management.
CEO & joint major shareholder of the Fitch Group, major shareholder in QEM Limited and Director of DBRB Property Group.
Tony Donaghy – Independent Consultant – CSA Global
Recognised global specialist in nickel-platinum-cobalt strategy development and exploration. Held position of the most senior nickel geologist in a Top 5 global mining company.
Wide ranging global exposure working in six continents over 25 years. Lived and worked in 3 continents (Australia, North America, South America).
Experienced with responsibilities held in all aspects of the commodity development cycle.
VALMIN compliant project valuation and Stock market compliant independent technical assessments for new listing IPO’s.
Looking for Cornerstone/Partners to deliver the Projects back into production with in 24 months
Refer to website for latest announcements
To meet with potential fund managers and strategic partners for investment purposes
Deliver new PEA for Alexo-Dundonald Project and model recent Sominake Project drilling
Complete next stage infill and target drilling for Alexo-Dundonald Project
il-liquid capital market, access to external funds and financing the next stage drilling campaigns. We are over coming this by continual financial support from the President of Class1Nickel.
The rare type of mineralisation, the existing economic resource, the logistical location of the projects, the untapped potential for resource increase.
Brownfields development opportunity, known Metallurgy for traditional nickel sulphide processing, existing economic resource with potential for increase in a favourable jurisdiction