Noble Mineral Exploration Inc. press release

Canada Nickel Provides Update on Regional Exploration Program

2024-10-31

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Canada NewsWire

Highlights

Successful infill drilling at Reid continues including a total of 643 metres of 0.26% nickel in REI24-43; initial resource expected before end of 2024 First assays from 2024 drilling at Mann West yield excellent results including 330 metres of 0.26% nickel in MAN24-58 including a total of 24.5 metres of 0.35% nickel; initial resource estimate expected by Q1 2025 Multiple gold intervals in Mann North drilling including 4.5 metres of 2.36 g/t gold within 45 metres of 0.45 g/t gold at MAN24-67 Over 100,000 metres successfully drilled on regional properties to date in 2024

TORONTO , Oct. 31, 2024 /CNW/ - Canada Nickel Company Inc. (" Canada Nickel " or the " Company ") (TSXV: CNC) (OTCQX: CNIKF) is pleased to announce results from its ongoing exploration programs at Reid, Mann and Reaume as several regional properties are being advanced to an initial resource stage. The Company's 2024 regional exploration program remains on-track with over 100,000 metres of drilling completed on 14 properties, all located within 100 kilometres of Timmins, Ontario .

CEO Mark Selby said, "We continue to demonstrate the potential of the Timmins Nickel District with today's drilling results from five separate properties. The results today highlight the shallow, well-mineralized large-scale potential of Mann West. Infill drilling at Reid continues to deliver long well-mineralized intervals and we are on-track for an initial resource at Reid before year end. Mann Central has yielded multiple intervals of well-mineralized peridotite across a 1.9 kilometre strike length."

Mr. Selby continued, "We typically encounter platinum and palladium precious metals in the Timmins Nickel district, but at our Mann North property, we intersected multiple gold intervals such as 45 metres of 0.45 g/t including 4.5 metres of 2.36 g/t gold."

Reid

The Reid property is located just 16 kilometres southwest of Crawford and contains a geophysical target of 3.9 square kilometres which is nearly 2.4 times larger than Crawford.

Canada Nickel has completed 26,061 metres from 41 holes drilled during its 2024 drill program at Reid. The drill campaigns of 2023 and 2024 have delineated a mineralized ultramafic body with a strike length of 2.2 kilometres and width up to 1.0 kilometres and up to a depth of 650 metres within the central core of the target geophysical footprint, with a total of 32,893 metres in 57 drillholes. The anomaly remains open to the north, south and at depth (see Figure 1).

Assays are presented on this release for seven holes, with the results for seven more holes pending. All holes drilled intersected long mineralized intervals comprised of mainly dunite and minor peridotite. REI24-46 was drilled near the east end of the anomaly and intersected targeted higher grade nickel mineralization, confirming the continuity on strike of at least one higher grade horizon that is oriented NW-SE.

The Company remains on track to produce an initial resource at Reid, expected before year end 2024.

Table 1 – Drilling highlights Reid program

| Hole ID | From (m) | To (m) | Length (m)* | Ni % | Co % | Pd g/t | Pt g/t | Cr % | Fe % | S % | | REI24-41 | 40.5 | 116.0 | 75.5 | 0.24 | 0.011 | 0.003 | 0.005 | 0.826 | 5.484 | 0.067 | | and | 216.0 | 706.0 | 490.0 | 0.19 | 0.014 | 0.012 | 0.012 | 0.588 | 7.506 | 0.047 | | REI24-43 | 27.0 | 469.2 | 442.2 | 0.26 | 0.012 | 0.003 | 0.005 | 0.817 | 5.518 | 0.044 | | and | 494.7 | 696.0 | 201.3 | 0.25 | 0.012 | 0.009 | 0.006 | 0.936 | 5.797 | 0.055 | | REI24-45 | 44.6 | 191.6 | 147.0 | 0.19 | 0.013 | 0.003 | 0.003 | 0.468 | 6.828 | 0.018 | | and | 216.0 | 382.1 | 166.1 | 0.22 | 0.012 | 0.006 | 0.004 | 0.462 | 5.675 | 0.032 | | and | 394.0 | 585.4 | 191.4 | 0.25 | 0.012 | 0.019 | 0.011 | 0.618 | 5.635 | 0.047 | | REI24-46 | 38.0 | 702.0 | 664.0 | 0.23 | 0.013 | 0.022 | 0.013 | 0.616 | 6.967 | 0.098 | | including | 256.5 | 264.0 | 7.5 | 0.30 | 0.015 | 0.073 | 0.050 | 0.404 | 7.586 | 0.156 | | including | 414.0 | 447.0 | 33.0 | 0.30 | 0.012 | 0.013 | 0.005 | 0.679 | 7.730 | 0.128 | | Including | 586.5 | 595.5 | 9.0 | 0.35 | 0.018 | 0.004 | 0.003 | 0.755 | 6.067 | 0.112 | | REI24-47 | 48.3 | 303.0 | 254.7 | 0.26 | 0.012 | 0.003 | 0.003 | 0.798 | 5.581 | 0.027 | | and | 335.5 | 450.8 | 115.3 | 0.24 | 0.011 | 0.003 | 0.003 | 0.781 | 5.880 | 0.034 | | and | 477.0 | 699.4 | 222.4 | 0.19 | 0.013 | 0.011 | 0.015 | 0.568 | 7.565 | 0.033 | | REI24-48 | 56.8 | 126.4 | 69.6 | 0.22 | 0.011 | 0.023 | 0.008 | 0.598 | 6.982 | 0.042 | | and | 210.0 | 702.0 | 492.0 | 0.21 | 0.013 | 0.003 | 0.003 | 0.632 | 6.431 | 0.031 | | REI24-50 | 51.0 | 144.0 | 93.0 | 0.25 | 0.012 | 0.003 | 0.003 | 0.877 | 5.558 | 0.048 | | and | 161.0 | 314.0 | 153.0 | 0.24 | 0.012 | 0.005 | 0.003 | 0.921 | 5.425 | 0.035 | | and | 327.3 | 532.2 | 204.9 | 0.27 | 0.011 | 0.004 | 0.003 | 0.928 | 5.492 | 0.058 | | including | 354.0 | 381.0 | 27.0 | 0.30 | 0.011 | 0.005 | 0.005 | 0.917 | 5.037 | 0.072 | | REI24-52 | 36.3 | 750.0 | 713.7 | 0.24 | 0.013 | 0.007 | 0.006 | 0.64 | 6.03 | 0.053 | | including | 309.0 | 321.0 | 12.0 | 0.48 | 0.019 | 0.058 | 0.032 | 0.60 | 6.68 | 0.121 | | and | 415.5 | 489.0 | 73.5 | 0.34 | 0.013 | 0.022 | 0.012 | 0.57 | 6.01 | 0.103 |

| *True width undetermined. All lengths are drillhole lengths. |

[](https://mma.prnewswire.com/media/2545177/Figure_1_Reid_CNC_drillholes_over_total_magenetic_intensity.html)

Mann Property

The Mann property is located 22 kilometres east of Crawford between Timmins and Cochrane . The Company has completed a drill program in three of the four identified areas within the property, Mann North, Mann West (together formerly Mann Northwest), and Central. (Figure 2). Exploration at Mann South is currently underway. Canada Nickel currently owns 80% of the Mann Property after successfully completing an earlier earn-in agreement with Noble Mineral Exploration. This property is part of the creation of an 'ExploreCo' subsidiary with Noble Mineral Exploration (see press release July 8, 2024 ) with Noble owning the other 20%.

[](https://mma.prnewswire.com/media/2545178/Figure_2_Mann_Property.html)

Mann West

Mann West is approximately 3.5 kilometres long by up to 1.1 kilometres wide (covering 3.4 square kilometres). The drill program has focused on the southern half of the target with drilling completed over a strike length of 1.7 kilometres and a width of at least 600 metres. All drillholes intersected long sections of well-serpentinized peridotite and minor dunite with disseminated and visible nickel sulphide mineralization consisting primarily of pentlandite and heazlewoodite. The Company has drilled 40 holes to date at Mann West (Figure 3), 31 of which were drilled during the 2024 program. With this drilling, the Company has completed the first phase of exploration that is required for an initial resource estimate expected by Q1 2025. Assays from nine holes are presented in this release, with the remaining holes at Mann West still pending.

Table 2 – Mann West drilling highlights.

| Hole ID | From (m) | To (m) | Length (m)* | Ni % | Co % | Pd g/t | Pt g/t | Cr % | Fe % | S % | | MANN WEST | | | | | | | | | | | | MAN24-33 | 11.2 | 396.0 | 384.8 | 0.24 | 0.011 | 0.009 | 0.008 | 0.35 | 6.48 | 0.028 | | including | 174.0 | 183.0 | 9.0 | 0.30 | 0.014 | 0.018 | 0.011 | 0.18 | 6.34 | 0.100 | | MAN24-37 | 8.7 | 180.0 | 171.3 | 0.26 | 0.011 | 0.005 | 0.006 | 0.15 | 6.04 | 0.037 | | and | 236.4 | 402.0 | 165.6 | 0.26 | 0.012 | 0.008 | 0.007 | 0.24 | 6.26 | 0.071 | | including | 267.0 | 273.0 | 6.0 | 0.37 | 0.013 | 0.004 | 0.005 | 0.30 | 7.73 | 0.100 | | and | 361.5 | 369.0 | 7.5 | 0.38 | 0.013 | 0.078 | 0.043 | 0.18 | 6.35 | 0.162 | | MAN24-45 | 6.2 | 402.0 | 395.8 | 0.24 | 0.013 | 0.016 | 0.010 | 0.39 | 6.60 | 0.235 | | including | 136.5 | 144.0 | 7.5 | 0.30 | 0.014 | 0.044 | 0.015 | 0.75 | 6.99 | 0.086 | | MAN24-49 | 5.4 | 198.2 | 192.8 | 0.19 | 0.013 | 0.029 | 0.017 | 0.41 | 7.44 | 0.081 | | and | 221.6 | 402.0 | 180.4 | 0.21 | 0.011 | 0.003 | 0.006 | 0.42 | 6.69 | 0.033 | | MAN24-54 | 49.5 | 192.8 | 143.3 | 0.26 | 0.011 | 0.003 | 0.003 | 0.13 | 5.80 | 0.045 | | and | 216.5 | 402.0 | 185.5 | 0.27 | 0.012 | 0.012 | 0.007 | 0.28 | 6.22 | 0.029 | | including | 268.5 | 277.5 | 9.0 | 0.48 | 0.019 | 0.003 | 0.003 | 0.62 | 7.86 | 0.015 | | MAN24-58 | 21.0 | 351.0 | 330.0 | 0.26 | 0.013 | 0.015 | 0.007 | 0.24 | 6.51 | 0.076 | | including | 193.5 | 204.5 | 11.0 | 0.35 | 0.015 | 0.023 | 0.009 | 0.44 | 6.86 | 0.110 | | and | 307.5 | 321.0 | 13.5 | 0.36 | 0.016 | 0.040 | 0.018 | 0.19 | 7.17 | 0.130 | | MAN24-62 | 8.6 | 501.0 | 492.4 | 0.18 | 0.014 | 0.041 | 0.026 | 0.31 | 7.88 | 0.047 | | MAN24-69 | 7.2 | 229.5 | 222.3 | 0.19 | 0.013 | 0.022 | 0.015 | 0.38 | 7.35 | 0.054 | | and | 264.0 | 491.0 | 227.0 | 0.19 | 0.013 | 0.004 | 0.005 | 0.41 | 7.35 | 0.023 | | MAN24-71 | 23.5 | 260.5 | 237.0 | 0.27 | 0.012 | 0.011 | 0.009 | 0.25 | 6.29 | 0.082 | | including | 63.0 | 108.0 | 45.0 | 0.37 | 0.013 | 0.036 | 0.018 | 0.15 | 5.77 | 0.196 | | and | 302.2 | 501.0 | 198.8 | 0.17 | 0.012 | 0.014 | 0.032 | 0.36 | 7.56 | 0.027 |

| *True width undetermined. All lengths are drillhole lengths. |

[](https://mma.prnewswire.com/media/2545179/Figure_3_Mann_West.html)

Mann Central

The outline of the ultramafic body at Mann Central is estimated by magnetics to be 4.5 kilometres long and between 0.5 to 1.0 kilometres wide (or 3.1 square kilometres). Drilling at this target was completed during the spring/summer of 2024 and now totals 32 drillholes and 11,853 metres. Mineralization is more consistent near the center of the target over an area of 1.9 kilometres by 600 metres (1.1 square kilometres). This release provides an update for 13 drillholes (Table 3), all of which intersected varying degrees of mineralized peridotite with minor pyroxenite dykes.

Mafic volcanics with abundant sulphide mineralization in the north contact were intersected in eight holes including MAN24-32 which yielded 3.3 metres of 1.03% nickel, 0.31% cobalt, and 0.57 % copper. Assays are still pending for 10 drillholes and the results from nine drillholes were previously released (see press release September 10, 2024 ).

Table 3 – Mann Central drilling highlights.

| Hole ID | From (m) | To (m) | Length (m)* | Ni % | Co % | Pd g/t | Pt g/t | Cr % | Fe % | S % | | MAN24-19 | 3.0 | 304.0 | 301.0 | 0.18 | 0.012 | 0.008 | 0.006 | 0.42 | 7.36 | 0.037 | | and | 384.0 | 396.8 | 12.8 | 0.18 | 0.010 | 0.003 | 0.008 | 0.33 | 6.29 | 0.083 | | MAN24-22 | 9.0 | 552.0 | 543.0 | 0.24 | 0.012 | 0.005 | 0.006 | 0.17 | 5.90 | 0.057 | | Including | 195.0 | 207.0 | 12.0 | 0.29 | 0.013 | 0.022 | 0.008 | 0.14 | 5.66 | 0.082 | | MAN24-26 | 12.0 | 55.5 | 43.0 | 0.25 | 0.011 | 0.003 | 0.008 | 0.18 | 5.85 | 0.101 | | and | 100.5 | 399.0 | 298.5 | 0.23 | 0.011 | 0.004 | 0.003 | 0.16 | 6.22 | 0.052 | | MAN24-32 | 90.0 | 402.0 | 312.0 | 0.21 | 0.015 | 0.004 | 0.004 | 0.27 | 6.42 | 0.121 | | including | 96.0 | 99.3 | 3.3 | 1.03 | 0.308 | 0.026 | 0.013 | 0.14 | 19.78 | 4.840 | | MAN24-34 | 75.0 | 259.0 | 184.0 | 0.22 | 0.011 | 0.008 | 0.008 | 0.31 | 6.79 | 0.044 | | and | 297.0 | 402.0 | 105.0 | 0.24 | 0.011 | 0.007 | 0.008 | 0.22 | 5.97 | 0.080 | | MAN24-35 | 25.2 | 144.3 | 119.1 | 0.22 | 0.012 | 0.003 | 0.004 | 0.24 | 6.74 | 0.051 | | and | 161.0 | 387.0 | 226.0 | 0.18 | 0.013 | 0.005 | 0.006 | 0.40 | 7.39 | 0.030 | | MAN24-39 | 97.5 | 171.0 | 73.5 | 0.19 | 0.011 | 0.007 | 0.007 | 0.45 | 7.28 | 0.049 | | MAN24-40 | 103.3 | 153.0 | 49.7 | 0.24 | 0.012 | 0.004 | 0.004 | 0.26 | 6.10 | 0.071 | | and | 141.0 | 396.0 | 255.0 | 0.21 | 0.012 | 0.005 | 0.005 | 0.41 | 7.05 | 0.031 | | MAN24-43 | 76.7 | 182.4 | 105.7 | 0.22 | 0.012 | 0.005 | 0.006 | 0.22 | 6.37 | 0.114 | | and | 205.4 | 402.0 | 196.6 | 0.23 | 0.012 | 0.003 | 0.005 | 0.38 | 6.56 | 0.033 | | MAN24-44 | 43.0 | 186.7 | 143.7 | 0.21 | 0.011 | 0.004 | 0.004 | 0.30 | 6.65 | 0.029 | | and | 195.0 | 402.0 | 207.0 | 0.19 | 0.013 | 0.005 | 0.007 | 0.415 | 7.176 | 0.030 | | MAN24-52 | 11.4 | 46.7 | 35.3 | 0.31 | 0.037 | 0.003 | 0.006 | 0.169 | 5.794 | 0.176 | | and | 73.0 | 400.0 | 327.0 | 0.20 | 0.013 | 0.004 | 0.005 | 0.390 | 6.779 | 0.028 | | MAN24-56B | 45.0 | 402.0 | 357.0 | 0.20 | 0.013 | 0.003 | 0.005 | 0.411 | 7.126 | 0.022 | | MAN24-60 | 31.9 | 241.2 | 209.3 | 0.20 | 0.013 | 0.007 | 0.007 | 0.369 | 6.920 | 0.060 | | and | 277.5 | 310.9 | 33.4 | 0.26 | 0.015 | 0.003 | 0.004 | 0.055 | 8.981 | 0.057 |

| *True width undetermined. All lengths are drillhole lengths. |

[](https://mma.prnewswire.com/media/2545180/Figure4_Mann_CE.html)

Mann North

The Mann North target is approximately 1.5 kilometres long by 600 metres wide (0.9 square kilometres) (Figure 4). Drilling was completed during the summer of 2024 and consisted of a preliminary exploratory phase of 16 drillholes totaling 6,315 metres. The majority of these holes intersected long sections of peridotite, with minor dunite (Table 4) with nickel grades in the peridotite consistent with Crawford. The peridotites, however, have anomalous values of platinum (Pt) and palladium (Pd) over significant intervals, as seen on Table 5. Hole MAN24-31, for example, intersected 12.7 metres of 0.58 g/t Pt+Pd and MAN24-50 intersected 16.7 metres of 0.50 g/t Pt+Pd.

In addition to the anomalous Pt and Pd, the ultramafic units at Mann also have higher values for gold, especially near certain contacts. The intersections can be high grade and narrow such as in MAN23-12 which intersected 4.93 g/t gold over 1.5 metres or can be thicker and lower grade such as in MAN24-67 which intersected 0.45 g/t gold over 45.0 metres. Nine of 15 of the drillholes at Mann North assayed to date include gold intersections of 0.4 g/t gold or higher. Significant intersections are summarized in Table 6.

Assays are pending for three remaining holes.

Table 4 – Mann North drilling highlights

| Hole ID | From (m) | To (m) | Length (m)* | Ni % | Co % | Pd g/t | Pt g/t | Cr % | Fe % | S % | | MAN24-24 | 39.0 | 109.5 | 70.5 | 0.15 | 0.010 | 0.004 | 0.003 | 0.43 | 6.77 | 0.061 | | MAN24-31 | 28.4 | 519.0 | 490.6 | 0.18 | 0.012 | 0.013 | 0.022 | 0.38 | 6.88 | 0.061 | | including | 57.0 | 72.0 | 15.0 | 0.30 | 0.014 | 0.044 | 0.024 | 0.28 | 6.47 | 0.280 | | MAN24-36 | 21.0 | 408.0 | 387.0 | 0.21 | 0.012 | 0.012 | 0.010 | 0.50 | 6.93 | 0.063 | | MAN24-46 | 18.8 | 312.5 | 293.7 | 0.17 | 0.012 | 0.005 | 0.007 | 0.40 | 7.54 | 0.028 | | and | 327.9 | 399.0 | 71.1 | 0.17 | 0.014 | 0.012 | 0.008 | 0.39 | 8.25 | 0.057 | | MAN24-47 | 18.0 | 402.0 | 384 | 0.18 | 0.012 | 0.006 | 0.008 | 0.48 | 7.36 | 0.035 | | MAN24-50 | 21.5 | 280.6 | 259.1 | 0.15 | 0.012 | 0.004 | 0.005 | 0.45 | 7.54 | 0.024 | | and | 313.5 | 390.0 | 76.5 | 0.18 | 0.013 | 0.010 | 0.011 | 0.41 | 7.29 | 0.051 | | MAN24-51 | 45.0 | 171.0 | 126 | 0.16 | 0.013 | 0.008 | 0.010 | 0.44 | 7.76 | 0.030 | | and | 196.0 | 402.0 | 206 | 0.16 | 0.012 | 0.005 | 0.005 | 0.34 | 7.25 | 0.032 | | MAN24-53 | 15.0 | 402.0 | 387 | 0.11 | 0.012 | 0.007 | 0.010 | 0.33 | 8.07 | 0.032 | | MAN24-55 | 17.4 | 177.8 | 160.4 | 0.18 | 0.013 | 0.005 | 0.005 | 0.53 | 7.56 | 0.046 | | and | 352.5 | 402.0 | 49.5 | 0.19 | 0.012 | 0.007 | 0.017 | 0.36 | 6.67 | 0.039 | | MAN24-59 | 31.5 | 402.0 | 370.5 | 0.15 | 0.012 | 0.010 | 0.011 | 0.38 | 7.19 | 0.044 | | MAN24-63 | 132.5 | 267.0 | 134.5 | 0.20 | 0.012 | 0.019 | 0.016 | 0.38 | 7.34 | 0.072 | | including | 142.5 | 156.0 | 13.5 | 0.34 | 0.012 | 0.060 | 0.031 | 0.14 | 7.20 | 0.020 | | and | 311.2 | 462.0 | 150.8 | 0.18 | 0.012 | 0.005 | 0.006 | 0.43 | 7.20 | 0.024 | | MAN24-67 | 15.6 | 420.0 | 404.4 | 0.15 | 0.012 | 0.025 | 0.021 | 0.36 | 7.72 | 0.039 | | including | 327.0 | 348.0 | 21.0 | 0.23 | 0.013 | 0.081 | 0.043 | 0.55 | 7.79 | 0.141 |

Table 5 – Mann Properties PGM Highlights

| Hole ID | From

(m) | To

(m) | Length

(m) | Pt+Pd

(g/t) | Pd

g/t) | Pt

(g/t) | Ni

(%) | Co

(%) | Cr

(%) | Fe

(%) | S

(%) | | MAN24-49 | 201.0 | 219.0 | 18.0 | 0.51 | 0.30 | 0.21 | 0.04 | 0.007 | 0.37 | 4.58 | 0.021 | | MAN24-62 | 309 | 327 | 18.0 | 0.44 | 0.31 | 0.13 | 0.18 | 0.015 | 0.49 | 8.11 | 0.054 | | MAN24-35 | 390.0 | 402.0 | 12.0 | 0.33 | 0.11 | 0.22 | 0.06 | 0.011 | 0.48 | 7.49 | 0.014 | | MAN24-60 | 242.1 | 265.5 | 23.4 | 0.43 | 0.25 | 0.18 | 0.03 | 0.007 | 0.36 | 5.01 | 0.014 | | and | 345.0 | 360.0 | 15.0 | 0.42 | 0.26 | 0.16 | 0.03 | 0.007 | 0.34 | 5.41 | 0.015 | | MAN24-69 | 238.0 | 255.0 | 17.0 | 0.45 | 0.26 | 0.19 | 0.04 | 0.007 | 0.39 | 4.76 | 0.013 | | MAN24-31 | 118.5 | 131.2 | 12.7 | 0.58 | 0.22 | 0.36 | 0.03 | 0.007 | 0.28 | 4.55 | 0.012 | | MAN24-38 | 125.0 | 138.0 | 13.0 | 0.32 | 0.21 | 0.11 | 0.02 | 0.007 | 0.28 | 6.79 | 0.024 | | and | 285.0 | 292.6 | 7.6 | 0.47 | 0.21 | 0.26 | 0.05 | 0.011 | 0.29 | 6.21 | 0.013 | | and | 382.5 | 396.2 | 13.7 | 0.39 | 0.18 | 0.21 | 0.05 | 0.012 | 0.36 | 5.64 | 0.018 | | MAN24-46 | 312.5 | 327.9 | 15.4 | 0.46 | 0.24 | 0.22 | 0.04 | 0.008 | 0.37 | 5.33 | 0.008 | | MAN24-50 | 280.6 | 297.3 | 16.7 | 0.50 | 0.33 | 0.17 | 0.03 | 0.007 | 0.38 | 5.07 | 0.011 | | MAN24-51 | 171.0 | 186.0 | 15.0 | 0.31 | 0.20 | 0.12 | 0.02 | 0.007 | 0.27 | 6.74 | 0.042 | | MAN24-55 | 288.0 | 337.0 | 49.0 | 0.33 | 0.17 | 0.17 | 0.02 | 0.007 | 0.25 | 6.33 | 0.038 | | MAN24-63 | 292.5 | 303.0 | 10.5 | 0.33 | 0.21 | 0.12 | 0.02 | 0.007 | 0.27 | 6.97 | 0.019 |

[](https://mma.prnewswire.com/media/2545181/Fig_5_Mann_North.html)

[](https://mma.prnewswire.com/media/2545182/Fig_6_Mann_North_Au.html)

Table 6 – Mann Properties Gold Highlights

| Hole ID | From

(m) | To

(m) | Length

(m) | Au

(g/t) | | MAN24-19 | 382.5 | 384.0 | 1.5 | 0.40 | | MAN24-24 | 52.5 | 67.5 | 15.0 | 0.32 | | MAN24-31 | 57.0 | 58.5 | 1.5 | 0.41 | | MAN24-36 | 348.0 | 354.0 | 6.0 | 0.60 | | including | 348.0 | 349.5 | 1.5 | 1.58 | | MAN24-51 | 289.5 | 304.5 | 15.0 | 0.36 | | Including | 300.0 | 301.5 | 1.5 | 1.06 | | MAN24-55 | 396.0 | 399.0 | 3.0 | 0.36 | | MAN24-59 | 139.5 | 141.0 | 1.5 | 0.51 | | and | 274.5 | 276.0 | 1.5 | 0.98 | | MAN24-67 | 115.5 | 160.5 | 45.0 | 0.45 | | including | 118.5 | 121.5 | 3.0 | 1.15 | | and | 147.0 | 151.5 | 4.5 | 2.36 |

Reaume

The Reaume property is located 20 kilometres northeast of Crawford, 15 kilometres southwest of Cochrane , and 55 kilometres northeast of Timmins . The property will form part of the ExploreCo subsidiary assets with Noble on an 80%-20% (Canada Nickel-Noble) ownership basis. Prior drill campaigns in 2022 had seasonal access constraints, however, in June 2024 , the Company resumed exploration and intersected a mineralized portion of the ultramafic body consisting of moderate to strongly serpentinized peridotite containing spotty, coarse-grained awaruite mineralization in hole REU24-12 (Figure 7). This release contains the results of three drillholes at Reaume with assay results pending on two remaining holes.

Table 7– Reaume drilling highlights.

| Hole ID | From (m) | To (m) | Length (m)* | Ni % | Co % | Pd g/t | Pt g/t | Cr % | Fe % | S % | | REU24-11 | 36.0 | 501.0 | 465 | 0.19 | 0.012 | 0.004 | 0.005 | 0.623 | 7.403 | 0.020 | | REU24-12 | 40.3 | 561.0 | 520.7 | 0.19 | 0.013 | 0.003 | 0.006 | 0.588 | 7.375 | 0.026 | | Including | 330.0 | 375.0 | 45 | 0.24 | 0.012 | 0.004 | 0.005 | 0.262 | 6.818 | 0.017 | | REU24-14 | 18.0 | 40.5 | 22.5 | 0.23 | 0.015 | 0.005 | 0.003 | 0.403 | 7.743 | 0.047 | | and | 86.3 | 119.0 | 32.7 | 0.03 | 0.007 | 0.189 | 0.159 | 0.313 | 6.063 | 0.015 | | and | 147.0 | 402.0 | 255 | 0.18 | 0.013 | 0.009 | 0.013 | 0.543 | 7.880 | 0.037 | | including | 303.0 | 307.5 | 4.5 | 0.44 | 0.018 | 0.067 | 0.047 | 0.680 | 8.723 | 0.130 |

| *True width undetermined. All lengths are drillhole lengths. |

Table 8 Reaume PGM Highlights

| Hole ID | From

(m) | To

(m) | Length

(m) | Pt+Pd

(g/t) | Pd

g/t) | Pt

(g/t) | Ni

(%) | Co

(%) | Cr

(%) | Fe

(%) | S

(%) | | REU24-14 | 86.3 | 119.0 | 32.7 | 0.35 | 0.19 | 0.16 | 0.025 | 0.007 | 0.31 | 6.06 | 0.015 | | including | 100.5 | 105.0 | 4.5 | 0.67 | 0.43 | 0.24 | 0.022 | 0.006 | 0.33 | 5.56 | 0.012 |

[](https://mma.prnewswire.com/media/2545183/Figure_7_Reaume.html)

Table 9: Drillhole Orientation

| Hole ID | Easting (mE) | Northing (mN) | Azimuth (⁰) | Dip (⁰) | Length (m) | | REID | | | | | | | REI24-41 | 457554 | 5404310 | 0 | -60 | 706 | | REI24-43 | 457350 | 5404200 | 70 | -60 | 696 | | REI24-45 | 457859 | 5403898 | 90 | -60 | 668 | | REI24-46 | 456306 | 5404370 | 180 | -50 | 702 | | REI24-47 | 457765 | 5404100 | 90 | -60 | 702 | | REI24-48 | 456860 | 5404060 | 180 | -55 | 702 | | REI24-50 | 457817 | 5404256 | 90 | -60 | 600 | | REI24-52 | 457350 | 5404200 | 180 | -60 | 759 | | MANN WEST | | | | | | | MAN24-33 | 496260 | 5412289 | 35 | -50 | 396 | | MAN24-37 | 496144 | 5412134 | 35 | -50 | 402 | | MAN24-45 | 495656 | 5412189 | 40 | -50 | 402 | | MAN24-49 | 495656 | 5412189 | 230 | -50 | 402 | | MAN24-54 | 495796 | 5412336 | 40 | -50 | 402 | | MAN24-58 | 495641 | 5412486 | 40 | -65 | 351 | | MAN24-62 | 495296 | 5412441 | 50 | -50 | 501 | | MANN CENTRAL | | | | | | | MAN24-19 | 496800 | 5410400 | 0 | -50 | 397 | | MAN24-22 | 498724 | 5410530 | 350 | -50 | 552 | | MAN24-26 | 498360 | 5410370 | 0 | -50 | 399 | | MAN24-32 | 498466 | 5410751 | 180 | -50 | 402 | | MAN24-34 | 498970 | 5410764 | 165 | -50 | 402 | | MAN24-35 | 497509 | 5410702 | 180 | -50 | 402 | | MAN24-39 | 498466 | 5410751 | 215 | -55 | 171 | | MAN24-40 | 497698 | 5410729 | 180 | -50 | 396 | | MAN24-43 | 498265 | 5410644 | 180 | -50 | 402 | | MAN24-44 | 497880 | 5410638 | 180 | -50 | 402 | | MAN24-52 | 498450 | 5410430 | 180 | -50 | 400 | | MAN24-56B | 498260 | 5410430 | 180 | -50 | 402 | | MAN24-60 | 498445 | 5410230 | 180 | -50 | 360 | | MANN NORTH | | | | | | | MAN24-24 | 496342 | 5414290 | 20 | -50 | 237 | | MAN24-31 | 497243 | 5413464 | 20 | -50 | 519 | | MAN24-36 | 497022 | 5413872 | 20 | -50 | 408 | | MAN24-46 | 497195 | 5413805 | 200 | -50 | 402 | | MAN24-47 | 497340 | 5413730 | 20 | -50 | 402 | | MAN24-50 | 497552 | 5413697 | 200 | -50 | 402 | | MAN24-51 | 497277 | 5414004 | 200 | -50 | 402 | | MAN24-53 | 497727 | 5413538 | 20 | -50 | 402 | | MAN24-55 | 496866 | 5413943 | 20 | -50 | 402 | | MAN24-59 | 496917 | 5414076 | 20 | -50 | 402 | | MAN24-67 | 496599 | 5414301 | 20 | -50 | 420 | | REAUME | | | | | | | REU24-11 | 488435 | 5422086 | 90 | -50 | 501 | | REU24-12 | 488424 | 5421854 | 90 | -50 | 561 | | REU24-14 | 488077 | 5422433 | 45 | -50 | 402 |