Canada Nickel files NI 43-101 Technical Report for Reid Nickel Project
By Kevin Vincent, Senior Contributing Editor to Mining Life Online and Mining Life & Exploration News.
Canada Nickel Company Inc. has filed an independent technical report on SEDAR+ supporting the initial mineral resource estimate for its 100% owned Reid Nickel Sulphide Project near Timmins, Ontario. The filing follows the company’s December 23, 2024, news release and confirms no material differences from the previously disclosed results. The mineral resource estimate, effective as of December 5, 2024, adheres to the CIM Definition Standards for Mineral Resources and Reserves.
"Reid is the second of eight additional resources we expect to publish by mid-2025," said Mark Selby, CEO of Canada Nickel. "The size and scale of the Reid resource, which is significantly larger than the initial Crawford resource, validates our belief in the potential of the Timmins Nickel District. Reid’s target footprint is more than twice the size of our flagship Crawford Project and benefits from a lower strip ratio of 1.2. We look forward to continuing to demonstrate the potential of this world-class nickel district."
The full technical report, dated February 5, 2025, with an effective date of December 5, 2024, is titled "National Instrument 43-101 Initial Mineral Resource Estimate for the Reid Nickel Deposit and Technical Report, Reid Nickel-Cobalt Sulphide Project." The report was prepared for Canada Nickel by Caracle Creek International Consulting Inc. and is available under the company's issuer profile at www.sedarplus.ca.
Qualified Person
Stephen J. Balch, P.Geo. (ON), VP Exploration of Canada Nickel and a "Qualified Person" as defined in NI 43-101, has reviewed and approved the scientific and technical information in this news release.
About Canada Nickel Company
Canada Nickel Company Inc. is advancing the next generation of nickel-sulphide projects to supply the high-growth electric vehicle and stainless steel markets. The company has applied in multiple jurisdictions to trademark the terms NetZero Nickel™, NetZero Cobalt™, and NetZero Iron™ while pursuing the development of processes to produce net-zero carbon nickel, cobalt, and iron products. Anchored by its 100% owned flagship Crawford Nickel-Cobalt Sulphide Project in the Timmins-Cochrane mining camp, Canada Nickel provides investors with leverage to nickel in a low political risk jurisdiction.
Tags: Northern Ontario / Operational Updates / Battery Metals / All Articles