Large Undrilled Strike Length
Huge Exploration Potential
Class 1 Nickel and Technologies Limited
Class 1 Nickel and Technologies Limited (CSE: NICO | OTCQB:NICLF) is a Canadian nickel sulphide development company with a dominant land position in Tier 1 mining jurisdictions.
The Alexo-Dundonald Nickel Project, situated near Timmins, Ontario consists of 4 existing NI 43-101 Indicated and Inferred Resources and numerous fresh exploration targets located within a large 15km “Z”-shaped komatiite fold. The resource growth potential of this project is huge with the majority of the property untested by drilling and modern geophysics.
The Alexo Dundonald High-grade Low OPEX project is progressing towards re-entering direct shipping process plant feed operations ( nickel – cobalt – PGE’s).
In addition to the high-grade nickel sulphide (>1.0% Ni) potential we see at Alexo-Dundonald, immense potential exists to target and develop large tonnage, low-grade komatiite-hosted deposits such as those being developed in the Timmins area by Canada Nickel Company (Crawford Project), EV Nickel Inc. (CarLang A Deposit) and Aston Minerals Limited (Boomerang Project). The Company is currently planning a targeted diamond drilling program to outline this second deposit type within the Alexo-Dundonald Project.
This two-pronged approach – to develop “traditional” high-grade nickel sulphide resources and in parallel “large-tonnage, low grade” nickel deposits – brings together the best of both nickel deposit types which are actively and aggressively being explored for and developed within the Timmins Mining Camp in Canada.
PROJECTS
INVESTMENT HIGHLIGHTS
Short-Medium Term Cash Flow Potential
- MRE (2024) on Alexo-Dundonald Project and potentially completing a PEA on Alexo South Deposit.
- Multiple local processing options for Alex0-Dundonald which could reduce upfront CAPEX.
Significant Exploration Upside
- Historical drilling at both Alexo-Dundonald & Somanike Projects constrained to relatively shallow depths (~200m).
- Opportunity for deeper drilling on high-grade targets (>1% Ni).
- Resource expansion potential at Alexo-Dundonald.
- Significant potential at Somanike to define a contiguous geological resource down-plunge and along strike of the 4 Marbridge Mine zones.
Strong Nickel Fundamentals
- Nickel market expected to reach 3.5M tonnes by 2030, a CAGR of 7.1% from 2022 to 2030 (GlobeNewswire, March 2023) with nickel demand doubling by 2025 (next investors.com, 2023).
- Tesla is developing cathodes that will contain higher nickel and no cobalt.
Location and Infrastructure
- Flagship Alexo-Dundonald located ~45 km from Timmins, Ontario, close to roads, power and excellent infrastructure
- Pro-mining region known for some of Canada’s most significant mining operations such as Bell Creek and Timmins West (Pan American), Hoyle Pond (Newmont), Taylor (Kirkland Lake) and Kidd Creek (Glencore).
Strong Team
- Class 1 is supported with a strong a board, management and founders, collectively owning 70% of the company
- Impressive technical team,, with a strong track record of nickel sulphide exploration success.