Magna Mining Reports Results of Crean Hill Pre-Feasibility Study With Construction to Begin in 2027
Original announcement by orestocks on
- Company
- Magna Mining Inc.
- Ticker
- NICU.TO
- Exchange
- Unavailable
- Region
- Ontario
- Primary commodity
- Copper
- Secondary commodities
- Nickel, Cobalt, Gold, Platinum, Palladium, Silver
- Document categories
- Other, Resource update
- Extracted
- 2026-10-21 11:18:38 UTC
Analysis by Minestarters Atlas
Atlas analysis published:
Minestarters Atlas analysis
Summary
Magna Mining announced robust results from its Pre-Feasibility Study for the Crean Hill Project in Ontario, outlining a 12-year mine life with strong economics including a 43.4% after-tax IRR and $251.0 million after-tax NPV7%. The study projects manageable initial capital of $127.0 million, with construction approved to begin in 2027. The company also reported updated Mineral Resource and Reserve Estimates, which underpin the PFS.
Reasoning: The Pre-Feasibility Study demonstrates robust economics with a 43.4% after-tax IRR and $251.0 million after-tax NPV7%, leading to a board decision to commence construction in 2027. The study is supported by updated NI 43-101 compliant resource and reserve estimates.
Positive factors
- Robust economics with high after-tax IRR and NPV
- Manageable initial capital requirement
- Board approval for construction indicates project advancement
- Updated resource and reserve estimates underpin the study
- NI 43-101 compliant study and estimates
Facts used in scoring: 50
Classification and evidence
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: The document is a Pre-Feasibility Study (PFS) for the Crean Hill Project.
Evidence · text
“Magna Mining Reports Results of Crean Hill Pre-Feasibility Study”
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: The PFS and associated resource/reserve estimates were overseen and signed off by independent Qualified Persons.
Evidence · text
“The following Qualified Persons (QPs) oversaw the completion of the work in preparation of the PFS and are responsible for the contents: Mr. Allan Armitage, Ph.D., P.Geo., of SGS Geological Services. Mr. Henri Gouin, P.Eng., of SGS Geological Services. Mr. William van Breugel, P.Eng., Associate Engineer of SGS Geological Services.”
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: The Pre-Feasibility Study and resource/reserve estimates were prepared in accordance with National Instrument 43-101.
Evidence · text
“prepared in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects”
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: The cut-off grades for both the Mineral Resource Estimate (1.75% CuEq) and Mineral Reserve Estimate (1.5% NiEq) are clearly stated.
Evidence · text
“The Crean Hill Mineral Resource Estimate is presented below in Table 6 and is based on a 1.75% CuEq cutoff grade. ... A mine design cut-off grade of 1.5% NiEq in-situ was applied to each stope”
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: The document reports Mineral Resources in the Indicated category, indicating a reasonable level of geological confidence.
Evidence · table
“Indicated”
Context: Category
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: The document reports Mineral Resources in the Inferred category, which is a speculative category with lower geological confidence.
Evidence · table
“Inferred”
Context: Category
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: The document reports Mineral Reserves in the Probable category, indicating demonstrated economic viability.
Evidence · table
“Probable”
Context: Category
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: The Mineral Resource Estimate has been updated from a previous estimate stated in the Preliminary Economic Assessment.
Evidence · text
“The current Mineral Resources have been updated from the November 1, 2024 Mineral Resources stated in the Preliminary Economic Assessment”
Extracted facts
Stored fact records: 49. Some facts used in scoring do not have a stored record.
Resource Estimates (49)
indicatedCrean Hill · copperTonnes: 16171000Grade: 0.88Grade Unit: %View all detailsHide details
Identity
- Project
- Crean Hill
- Commodity
- copper
- Region
- canada_on
- Reported Region
- Ontario
- Ticker
- NICU.TO
Resource scope
- Estimate type
- resource
- Effective date
- 2026-04-15T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Allan Armitage, Ph.D., P. Geo.
- Resource group id
- resource:ad02f2f0a95f82d9548f
- Deposit or zone
- Contact
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 16171000
- Grade
- 0.88
- Grade Unit
- %
- Cutoff Grade
- 1.75
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2026-04-15
Metal Equivalent
- Metal Eq. Grade
- 2.96
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-21T00:00:00.000Z
Reasoning: The Indicated resource for Contact zone contributes significantly to the project's overall resource base, with good copper grade and confidence level, supporting the PFS.
Positive factors
- Indicated resource category provides good confidence
- NI 43-101 compliant and QP signed
- Supports the PFS economic study
Evidence · table
“0.88”
Context: 16,171,000
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedCrean Hill · nickelTonnes: 16171000Grade: 1Grade Unit: %View all detailsHide details
Identity
- Project
- Crean Hill
- Commodity
- nickel
- Region
- canada_on
- Reported Region
- Ontario
- Ticker
- NICU.TO
Resource scope
- Estimate type
- resource
- Effective date
- 2026-04-15T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Allan Armitage, Ph.D., P. Geo.
- Resource group id
- resource:ad02f2f0a95f82d9548f
- Deposit or zone
- Contact
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 16171000
- Grade
- 1
- Grade Unit
- %
- Cutoff Grade
- 1.75
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2026-04-15
Metal Equivalent
- Metal Eq. Grade
- 1.88
- Metal Eq. Unit
- % NiEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-21T00:00:00.000Z
Reasoning: The Indicated resource for Contact zone contributes significantly to the project's overall resource base, with good nickel grade and confidence level, supporting the PFS.
Positive factors
- Indicated resource category provides good confidence
- NI 43-101 compliant and QP signed
- Supports the PFS economic study
Evidence · table
“1.00”
Context: 16,171,000
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedCrean Hill · cobaltTonnes: 16171000Grade: 0.03Grade Unit: %View all detailsHide details
Identity
- Project
- Crean Hill
- Commodity
- cobalt
- Region
- canada_on
- Reported Region
- Ontario
- Ticker
- NICU.TO
Resource scope
- Estimate type
- resource
- Effective date
- 2026-04-15T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Allan Armitage, Ph.D., P. Geo.
- Resource group id
- resource:ad02f2f0a95f82d9548f
- Deposit or zone
- Contact
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 16171000
- Grade
- 0.03
- Grade Unit
- %
- Cutoff Grade
- 1.75
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2026-04-15
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-21T00:00:00.000Z
Reasoning: The Indicated resource for Contact zone includes cobalt as a byproduct, contributing to the overall resource base and supporting the PFS.
Positive factors
- Indicated resource category provides good confidence
- NI 43-101 compliant and QP signed
Evidence · table
“0.03”
Context: 16,171,000
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedCrean Hill · platinumTonnes: 16171000Grade: 0.93Grade Unit: g/tonneView all detailsHide details
Identity
- Project
- Crean Hill
- Commodity
- platinum
- Region
- canada_on
- Reported Region
- Ontario
- Ticker
- NICU.TO
Resource scope
- Estimate type
- resource
- Effective date
- 2026-04-15T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Allan Armitage, Ph.D., P. Geo.
- Resource group id
- resource:ad02f2f0a95f82d9548f
- Deposit or zone
- Contact
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 16171000
- Grade
- 0.93
- Grade Unit
- g/tonne
- Cutoff Grade
- 1.75
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2026-04-15
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-21T00:00:00.000Z
Reasoning: The Indicated resource for Contact zone includes platinum, adding to the precious metals credits and supporting the PFS.
Positive factors
- Indicated resource category provides good confidence
- NI 43-101 compliant and QP signed
Evidence · table
“0.93”
Context: 16,171,000
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedCrean Hill · palladiumTonnes: 16171000Grade: 1.09Grade Unit: g/tonneView all detailsHide details
Identity
- Project
- Crean Hill
- Commodity
- palladium
- Region
- canada_on
- Reported Region
- Ontario
- Ticker
- NICU.TO
Resource scope
- Estimate type
- resource
- Effective date
- 2026-04-15T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Allan Armitage, Ph.D., P. Geo.
- Resource group id
- resource:ad02f2f0a95f82d9548f
- Deposit or zone
- Contact
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 16171000
- Grade
- 1.09
- Grade Unit
- g/tonne
- Cutoff Grade
- 1.75
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2026-04-15
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-21T00:00:00.000Z
Reasoning: The Indicated resource for Contact zone includes palladium, adding to the precious metals credits and supporting the PFS.
Positive factors
- Indicated resource category provides good confidence
- NI 43-101 compliant and QP signed
Evidence · table
“1.09”
Context: 16,171,000
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedCrean Hill · goldTonnes: 16171000Grade: 0.36Grade Unit: g/tonneView all detailsHide details
Identity
- Project
- Crean Hill
- Commodity
- gold
- Region
- canada_on
- Reported Region
- Ontario
- Ticker
- NICU.TO
Resource scope
- Estimate type
- resource
- Effective date
- 2026-04-15T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Allan Armitage, Ph.D., P. Geo.
- Resource group id
- resource:ad02f2f0a95f82d9548f
- Deposit or zone
- Contact
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 16171000
- Grade
- 0.36
- Grade Unit
- g/tonne
- Cutoff Grade
- 1.75
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2026-04-15
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-21T00:00:00.000Z
Reasoning: The Indicated resource for Contact zone includes gold, adding to the precious metals credits and supporting the PFS.
Positive factors
- Indicated resource category provides good confidence
- NI 43-101 compliant and QP signed
Evidence · table
“0.36”
Context: 16,171,000
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedCrean Hill · silverTonnes: 16171000Grade: 1.02Grade Unit: g/tonneView all detailsHide details
Identity
- Project
- Crean Hill
- Commodity
- silver
- Region
- canada_on
- Reported Region
- Ontario
- Ticker
- NICU.TO
Resource scope
- Estimate type
- resource
- Effective date
- 2026-04-15T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Allan Armitage, Ph.D., P. Geo.
- Resource group id
- resource:ad02f2f0a95f82d9548f
- Deposit or zone
- Contact
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 16171000
- Grade
- 1.02
- Grade Unit
- g/tonne
- Cutoff Grade
- 1.75
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2026-04-15
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-21T00:00:00.000Z
Reasoning: The Indicated resource for Contact zone includes silver, contributing to the overall resource base and supporting the PFS.
Positive factors
- Indicated resource category provides good confidence
- NI 43-101 compliant and QP signed
Evidence · table
“1.02”
Context: 16,171,000
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedCrean Hill · copperTonnes: 548000Grade: 0.74Grade Unit: %View all detailsHide details
Identity
- Project
- Crean Hill
- Commodity
- copper
- Region
- canada_on
- Reported Region
- Ontario
- Ticker
- NICU.TO
Resource scope
- Estimate type
- resource
- Effective date
- 2026-04-15T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Allan Armitage, Ph.D., P. Geo.
- Resource group id
- resource:33007ef486d219a24f2a
- Deposit or zone
- Footwall
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 548000
- Grade
- 0.74
- Grade Unit
- %
- Cutoff Grade
- 1.75
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2026-04-15
Metal Equivalent
- Metal Eq. Grade
- 3.62
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-21T00:00:00.000Z
Reasoning: The Indicated resource for Footwall zone contributes to the project's resource base, with good copper grade and confidence level, supporting the PFS.
Positive factors
- Indicated resource category provides good confidence
- NI 43-101 compliant and QP signed
Evidence · table
“0.74”
Context: 548,000
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedCrean Hill · nickelTonnes: 548000Grade: 0.41Grade Unit: %View all detailsHide details
Identity
- Project
- Crean Hill
- Commodity
- nickel
- Region
- canada_on
- Reported Region
- Ontario
- Ticker
- NICU.TO
Resource scope
- Estimate type
- resource
- Effective date
- 2026-04-15T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Allan Armitage, Ph.D., P. Geo.
- Resource group id
- resource:33007ef486d219a24f2a
- Deposit or zone
- Footwall
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 548000
- Grade
- 0.41
- Grade Unit
- %
- Cutoff Grade
- 1.75
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2026-04-15
Metal Equivalent
- Metal Eq. Grade
- 2.31
- Metal Eq. Unit
- % NiEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-21T00:00:00.000Z
Reasoning: The Indicated resource for Footwall zone contributes to the project's resource base, with nickel grade and confidence level, supporting the PFS.
Positive factors
- Indicated resource category provides good confidence
- NI 43-101 compliant and QP signed
Evidence · table
“0.41”
Context: 548,000
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedCrean Hill · cobaltTonnes: 548000Grade: 0.01Grade Unit: %View all detailsHide details
Identity
- Project
- Crean Hill
- Commodity
- cobalt
- Region
- canada_on
- Reported Region
- Ontario
- Ticker
- NICU.TO
Resource scope
- Estimate type
- resource
- Effective date
- 2026-04-15T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Allan Armitage, Ph.D., P. Geo.
- Resource group id
- resource:33007ef486d219a24f2a
- Deposit or zone
- Footwall
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 548000
- Grade
- 0.01
- Grade Unit
- %
- Cutoff Grade
- 1.75
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2026-04-15
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-21T00:00:00.000Z
Reasoning: The Indicated resource for Footwall zone includes cobalt as a byproduct, contributing to the overall resource base and supporting the PFS.
Positive factors
- Indicated resource category provides good confidence
- NI 43-101 compliant and QP signed
Evidence · table
“0.01”
Context: 548,000
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedCrean Hill · platinumTonnes: 548000Grade: 3.18Grade Unit: g/tonneView all detailsHide details
Identity
- Project
- Crean Hill
- Commodity
- platinum
- Region
- canada_on
- Reported Region
- Ontario
- Ticker
- NICU.TO
Resource scope
- Estimate type
- resource
- Effective date
- 2026-04-15T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Allan Armitage, Ph.D., P. Geo.
- Resource group id
- resource:33007ef486d219a24f2a
- Deposit or zone
- Footwall
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 548000
- Grade
- 3.18
- Grade Unit
- g/tonne
- Cutoff Grade
- 1.75
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2026-04-15
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-21T00:00:00.000Z
Reasoning: The Indicated resource for Footwall zone shows high platinum grades, significantly contributing to precious metals credits and supporting the PFS.
Positive factors
- High platinum grade for an Indicated resource
- NI 43-101 compliant and QP signed
Evidence · table
“3.18”
Context: 548,000
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedCrean Hill · palladiumTonnes: 548000Grade: 2.59Grade Unit: g/tonneView all detailsHide details
Identity
- Project
- Crean Hill
- Commodity
- palladium
- Region
- canada_on
- Reported Region
- Ontario
- Ticker
- NICU.TO
Resource scope
- Estimate type
- resource
- Effective date
- 2026-04-15T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Allan Armitage, Ph.D., P. Geo.
- Resource group id
- resource:33007ef486d219a24f2a
- Deposit or zone
- Footwall
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 548000
- Grade
- 2.59
- Grade Unit
- g/tonne
- Cutoff Grade
- 1.75
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2026-04-15
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-21T00:00:00.000Z
Reasoning: The Indicated resource for Footwall zone shows high palladium grades, significantly contributing to precious metals credits and supporting the PFS.
Positive factors
- High palladium grade for an Indicated resource
- NI 43-101 compliant and QP signed
Evidence · table
“2.59”
Context: 548,000
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedCrean Hill · goldTonnes: 548000Grade: 1.38Grade Unit: g/tonneView all detailsHide details
Identity
- Project
- Crean Hill
- Commodity
- gold
- Region
- canada_on
- Reported Region
- Ontario
- Ticker
- NICU.TO
Resource scope
- Estimate type
- resource
- Effective date
- 2026-04-15T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Allan Armitage, Ph.D., P. Geo.
- Resource group id
- resource:33007ef486d219a24f2a
- Deposit or zone
- Footwall
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 548000
- Grade
- 1.38
- Grade Unit
- g/tonne
- Cutoff Grade
- 1.75
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2026-04-15
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-21T00:00:00.000Z
Reasoning: The Indicated resource for Footwall zone shows good gold grades, contributing to precious metals credits and supporting the PFS.
Positive factors
- Good gold grade for an Indicated resource
- NI 43-101 compliant and QP signed
Evidence · table
“1.38”
Context: 548,000
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedCrean Hill · silverTonnes: 548000Grade: 4.25Grade Unit: g/tonneView all detailsHide details
Identity
- Project
- Crean Hill
- Commodity
- silver
- Region
- canada_on
- Reported Region
- Ontario
- Ticker
- NICU.TO
Resource scope
- Estimate type
- resource
- Effective date
- 2026-04-15T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Allan Armitage, Ph.D., P. Geo.
- Resource group id
- resource:33007ef486d219a24f2a
- Deposit or zone
- Footwall
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 548000
- Grade
- 4.25
- Grade Unit
- g/tonne
- Cutoff Grade
- 1.75
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2026-04-15
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-21T00:00:00.000Z
Reasoning: The Indicated resource for Footwall zone shows good silver grades, contributing to the overall resource base and supporting the PFS.
Positive factors
- Good silver grade for an Indicated resource
- NI 43-101 compliant and QP signed
Evidence · table
“4.25”
Context: 548,000
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedCrean Hill · copperTonnes: 16719000Grade: 0.87Grade Unit: %View all detailsHide details
Identity
- Project
- Crean Hill
- Commodity
- copper
- Region
- canada_on
- Reported Region
- Ontario
- Ticker
- NICU.TO
Resource scope
- Estimate type
- resource
- Effective date
- 2026-04-15T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Allan Armitage, Ph.D., P. Geo.
- Resource group id
- resource:ea655a025d0facff3a7a
- Deposit or zone
- Total Indicated
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 16719000
- Grade
- 0.87
- Grade Unit
- %
- Cutoff Grade
- 1.75
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2026-04-15
Metal Equivalent
- Metal Eq. Grade
- 2.98
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-21T00:00:00.000Z
Reasoning: The total Indicated resource provides a substantial and confident resource base for copper, underpinning the PFS.
Positive factors
- Large tonnage in Indicated category
- NI 43-101 compliant and QP signed
- Supports the PFS economic study
Evidence · table
“0.87”
Context: 16,719,000
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedCrean Hill · nickelTonnes: 16719000Grade: 0.99Grade Unit: %View all detailsHide details
Identity
- Project
- Crean Hill
- Commodity
- nickel
- Region
- canada_on
- Reported Region
- Ontario
- Ticker
- NICU.TO
Resource scope
- Estimate type
- resource
- Effective date
- 2026-04-15T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Allan Armitage, Ph.D., P. Geo.
- Resource group id
- resource:ea655a025d0facff3a7a
- Deposit or zone
- Total Indicated
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 16719000
- Grade
- 0.99
- Grade Unit
- %
- Cutoff Grade
- 1.75
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2026-04-15
Metal Equivalent
- Metal Eq. Grade
- 1.9
- Metal Eq. Unit
- % NiEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-21T00:00:00.000Z
Reasoning: The total Indicated resource provides a substantial and confident resource base for nickel, underpinning the PFS.
Positive factors
- Large tonnage in Indicated category
- NI 43-101 compliant and QP signed
- Supports the PFS economic study
Evidence · table
“0.99”
Context: 16,719,000
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedCrean Hill · cobaltTonnes: 16719000Grade: 0.03Grade Unit: %View all detailsHide details
Identity
- Project
- Crean Hill
- Commodity
- cobalt
- Region
- canada_on
- Reported Region
- Ontario
- Ticker
- NICU.TO
Resource scope
- Estimate type
- resource
- Effective date
- 2026-04-15T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Allan Armitage, Ph.D., P. Geo.
- Resource group id
- resource:ea655a025d0facff3a7a
- Deposit or zone
- Total Indicated
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 16719000
- Grade
- 0.03
- Grade Unit
- %
- Cutoff Grade
- 1.75
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2026-04-15
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-21T00:00:00.000Z
Reasoning: The total Indicated resource includes cobalt as a byproduct, contributing to the overall resource base and supporting the PFS.
Positive factors
- Indicated resource category provides good confidence
- NI 43-101 compliant and QP signed
Evidence · table
“0.03”
Context: 16,719,000
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedCrean Hill · platinumTonnes: 16719000Grade: 1Grade Unit: g/tonneView all detailsHide details
Identity
- Project
- Crean Hill
- Commodity
- platinum
- Region
- canada_on
- Reported Region
- Ontario
- Ticker
- NICU.TO
Resource scope
- Estimate type
- resource
- Effective date
- 2026-04-15T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Allan Armitage, Ph.D., P. Geo.
- Resource group id
- resource:ea655a025d0facff3a7a
- Deposit or zone
- Total Indicated
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 16719000
- Grade
- 1
- Grade Unit
- g/tonne
- Cutoff Grade
- 1.75
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2026-04-15
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-21T00:00:00.000Z
Reasoning: The total Indicated resource includes platinum, adding to the precious metals credits and supporting the PFS.
Positive factors
- Indicated resource category provides good confidence
- NI 43-101 compliant and QP signed
Evidence · table
“1.00”
Context: 16,719,000
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedCrean Hill · palladiumTonnes: 16719000Grade: 1.14Grade Unit: g/tonneView all detailsHide details
Identity
- Project
- Crean Hill
- Commodity
- palladium
- Region
- canada_on
- Reported Region
- Ontario
- Ticker
- NICU.TO
Resource scope
- Estimate type
- resource
- Effective date
- 2026-04-15T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Allan Armitage, Ph.D., P. Geo.
- Resource group id
- resource:ea655a025d0facff3a7a
- Deposit or zone
- Total Indicated
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 16719000
- Grade
- 1.14
- Grade Unit
- g/tonne
- Cutoff Grade
- 1.75
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2026-04-15
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-21T00:00:00.000Z
Reasoning: The total Indicated resource includes palladium, adding to the precious metals credits and supporting the PFS.
Positive factors
- Indicated resource category provides good confidence
- NI 43-101 compliant and QP signed
Evidence · table
“1.14”
Context: 16,719,000
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedCrean Hill · goldTonnes: 16719000Grade: 0.4Grade Unit: g/tonneView all detailsHide details
Identity
- Project
- Crean Hill
- Commodity
- gold
- Region
- canada_on
- Reported Region
- Ontario
- Ticker
- NICU.TO
Resource scope
- Estimate type
- resource
- Effective date
- 2026-04-15T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Allan Armitage, Ph.D., P. Geo.
- Resource group id
- resource:ea655a025d0facff3a7a
- Deposit or zone
- Total Indicated
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 16719000
- Grade
- 0.4
- Grade Unit
- g/tonne
- Cutoff Grade
- 1.75
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2026-04-15
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-21T00:00:00.000Z
Reasoning: The total Indicated resource includes gold, adding to the precious metals credits and supporting the PFS.
Positive factors
- Indicated resource category provides good confidence
- NI 43-101 compliant and QP signed
Evidence · table
“0.40”
Context: 16,719,000
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedCrean Hill · silverTonnes: 16719000Grade: 1.12Grade Unit: g/tonneView all detailsHide details
Identity
- Project
- Crean Hill
- Commodity
- silver
- Region
- canada_on
- Reported Region
- Ontario
- Ticker
- NICU.TO
Resource scope
- Estimate type
- resource
- Effective date
- 2026-04-15T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Allan Armitage, Ph.D., P. Geo.
- Resource group id
- resource:ea655a025d0facff3a7a
- Deposit or zone
- Total Indicated
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 16719000
- Grade
- 1.12
- Grade Unit
- g/tonne
- Cutoff Grade
- 1.75
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2026-04-15
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-21T00:00:00.000Z
Reasoning: The total Indicated resource includes silver, contributing to the overall resource base and supporting the PFS.
Positive factors
- Indicated resource category provides good confidence
- NI 43-101 compliant and QP signed
Evidence · table
“1.12”
Context: 16,719,000
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredCrean Hill · copperTonnes: 802000Grade: 0.59Grade Unit: %View all detailsHide details
Identity
- Project
- Crean Hill
- Commodity
- copper
- Region
- canada_on
- Reported Region
- Ontario
- Ticker
- NICU.TO
Resource scope
- Estimate type
- resource
- Effective date
- 2026-04-15T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Allan Armitage, Ph.D., P. Geo.
- Resource group id
- resource:73835021d9fd43b851f3
- Deposit or zone
- Contact Inferred
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 802000
- Grade
- 0.59
- Grade Unit
- %
- Cutoff Grade
- 1.75
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2026-04-15
Metal Equivalent
- Metal Eq. Grade
- 2.33
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-21T00:00:00.000Z
Reasoning: The Inferred resource for Contact zone provides potential for future conversion but has a lower level of geological confidence.
Positive factors
- NI 43-101 compliant and QP signed
Negative factors
- Inferred resource category has lower confidence
Evidence · table
“0.59”
Context: 802,000
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredCrean Hill · nickelTonnes: 802000Grade: 0.7Grade Unit: %View all detailsHide details
Identity
- Project
- Crean Hill
- Commodity
- nickel
- Region
- canada_on
- Reported Region
- Ontario
- Ticker
- NICU.TO
Resource scope
- Estimate type
- resource
- Effective date
- 2026-04-15T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Allan Armitage, Ph.D., P. Geo.
- Resource group id
- resource:73835021d9fd43b851f3
- Deposit or zone
- Contact Inferred
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 802000
- Grade
- 0.7
- Grade Unit
- %
- Cutoff Grade
- 1.75
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2026-04-15
Metal Equivalent
- Metal Eq. Grade
- 1.48
- Metal Eq. Unit
- % NiEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-21T00:00:00.000Z
Reasoning: The Inferred resource for Contact zone provides potential for future conversion but has a lower level of geological confidence.
Positive factors
- NI 43-101 compliant and QP signed
Negative factors
- Inferred resource category has lower confidence
Evidence · table
“0.70”
Context: 802,000
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredCrean Hill · cobaltTonnes: 802000Grade: 0.03Grade Unit: %View all detailsHide details
Identity
- Project
- Crean Hill
- Commodity
- cobalt
- Region
- canada_on
- Reported Region
- Ontario
- Ticker
- NICU.TO
Resource scope
- Estimate type
- resource
- Effective date
- 2026-04-15T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Allan Armitage, Ph.D., P. Geo.
- Resource group id
- resource:73835021d9fd43b851f3
- Deposit or zone
- Contact Inferred
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 802000
- Grade
- 0.03
- Grade Unit
- %
- Cutoff Grade
- 1.75
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2026-04-15
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-21T00:00:00.000Z
Reasoning: The Inferred resource for Contact zone includes cobalt as a byproduct, but its lower confidence category limits its immediate impact.
Positive factors
- NI 43-101 compliant and QP signed
Negative factors
- Inferred resource category has lower confidence
Evidence · table
“0.03”
Context: 802,000
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredCrean Hill · platinumTonnes: 802000Grade: 1.03Grade Unit: g/tonneView all detailsHide details
Identity
- Project
- Crean Hill
- Commodity
- platinum
- Region
- canada_on
- Reported Region
- Ontario
- Ticker
- NICU.TO
Resource scope
- Estimate type
- resource
- Effective date
- 2026-04-15T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Allan Armitage, Ph.D., P. Geo.
- Resource group id
- resource:73835021d9fd43b851f3
- Deposit or zone
- Contact Inferred
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 802000
- Grade
- 1.03
- Grade Unit
- g/tonne
- Cutoff Grade
- 1.75
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2026-04-15
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-21T00:00:00.000Z
Reasoning: The Inferred resource for Contact zone includes platinum, but its lower confidence category limits its immediate impact.
Positive factors
- NI 43-101 compliant and QP signed
Negative factors
- Inferred resource category has lower confidence
Evidence · table
“1.03”
Context: 802,000
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredCrean Hill · palladiumTonnes: 802000Grade: 1.74Grade Unit: g/tonneView all detailsHide details
Identity
- Project
- Crean Hill
- Commodity
- palladium
- Region
- canada_on
- Reported Region
- Ontario
- Ticker
- NICU.TO
Resource scope
- Estimate type
- resource
- Effective date
- 2026-04-15T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Allan Armitage, Ph.D., P. Geo.
- Resource group id
- resource:73835021d9fd43b851f3
- Deposit or zone
- Contact Inferred
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 802000
- Grade
- 1.74
- Grade Unit
- g/tonne
- Cutoff Grade
- 1.75
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2026-04-15
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-21T00:00:00.000Z
Reasoning: The Inferred resource for Contact zone includes palladium, but its lower confidence category limits its immediate impact.
Positive factors
- NI 43-101 compliant and QP signed
Negative factors
- Inferred resource category has lower confidence
Evidence · table
“1.74”
Context: 802,000
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredCrean Hill · goldTonnes: 802000Grade: 0.33Grade Unit: g/tonneView all detailsHide details
Identity
- Project
- Crean Hill
- Commodity
- gold
- Region
- canada_on
- Reported Region
- Ontario
- Ticker
- NICU.TO
Resource scope
- Estimate type
- resource
- Effective date
- 2026-04-15T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Allan Armitage, Ph.D., P. Geo.
- Resource group id
- resource:73835021d9fd43b851f3
- Deposit or zone
- Contact Inferred
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 802000
- Grade
- 0.33
- Grade Unit
- g/tonne
- Cutoff Grade
- 1.75
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2026-04-15
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-21T00:00:00.000Z
Reasoning: The Inferred resource for Contact zone includes gold, but its lower confidence category limits its immediate impact.
Positive factors
- NI 43-101 compliant and QP signed
Negative factors
- Inferred resource category has lower confidence
Evidence · table
“0.33”
Context: 802,000
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredCrean Hill · silverTonnes: 802000Grade: 0.29Grade Unit: g/tonneView all detailsHide details
Identity
- Project
- Crean Hill
- Commodity
- silver
- Region
- canada_on
- Reported Region
- Ontario
- Ticker
- NICU.TO
Resource scope
- Estimate type
- resource
- Effective date
- 2026-04-15T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Allan Armitage, Ph.D., P. Geo.
- Resource group id
- resource:73835021d9fd43b851f3
- Deposit or zone
- Contact Inferred
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 802000
- Grade
- 0.29
- Grade Unit
- g/tonne
- Cutoff Grade
- 1.75
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2026-04-15
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-21T00:00:00.000Z
Reasoning: The Inferred resource for Contact zone includes silver, but its lower confidence category limits its immediate impact.
Positive factors
- NI 43-101 compliant and QP signed
Negative factors
- Inferred resource category has lower confidence
Evidence · table
“0.29”
Context: 802,000
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
probableCrean Hill · copperTonnes: 9920065Grade: 0.62Grade Unit: %View all detailsHide details
Identity
- Project
- Crean Hill
- Commodity
- copper
- Region
- canada_on
- Reported Region
- Ontario
- Ticker
- NICU.TO
Resource scope
- Estimate type
- reserve
- Effective date
- 2026-04-15T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Mr. Henri Gouin, P.Eng., Mr. William van Breugel, P.Eng.
- Resource group id
- resource:2f37ee10d1bb4de89edd
- Deposit or zone
- Contact
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- probable
- Tonnes
- 9920065
- Grade
- 0.62
- Grade Unit
- %
- Cutoff Grade
- 1.5
- Cutoff Unit
- % NiEq
Prior Estimate
- Resource Date
- 2026-09-30
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-21T00:00:00.000Z
Reasoning: The Probable Reserve for the Contact zone represents a significant portion of the economically viable material, underpinning the PFS and construction decision.
Positive factors
- Probable Reserve category indicates economic viability
- NI 43-101 compliant and QP signed
- Forms the basis for the PFS mine plan
Evidence · table
“0.62”
Context: 9,920,065
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
probableCrean Hill · nickelTonnes: 9920065Grade: 0.68Grade Unit: %View all detailsHide details
Identity
- Project
- Crean Hill
- Commodity
- nickel
- Region
- canada_on
- Reported Region
- Ontario
- Ticker
- NICU.TO
Resource scope
- Estimate type
- reserve
- Effective date
- 2026-04-15T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Mr. Henri Gouin, P.Eng., Mr. William van Breugel, P.Eng.
- Resource group id
- resource:2f37ee10d1bb4de89edd
- Deposit or zone
- Contact
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- probable
- Tonnes
- 9920065
- Grade
- 0.68
- Grade Unit
- %
- Cutoff Grade
- 1.5
- Cutoff Unit
- % NiEq
Prior Estimate
- Resource Date
- 2026-09-30
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-21T00:00:00.000Z
Reasoning: The Probable Reserve for the Contact zone represents a significant portion of the economically viable material, underpinning the PFS and construction decision.
Positive factors
- Probable Reserve category indicates economic viability
- NI 43-101 compliant and QP signed
- Forms the basis for the PFS mine plan
Evidence · table
“0.68”
Context: 9,920,065
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
probableCrean Hill · cobaltTonnes: 9920065Grade: 0.02Grade Unit: %View all detailsHide details
Identity
- Project
- Crean Hill
- Commodity
- cobalt
- Region
- canada_on
- Reported Region
- Ontario
- Ticker
- NICU.TO
Resource scope
- Estimate type
- reserve
- Effective date
- 2026-04-15T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Mr. Henri Gouin, P.Eng., Mr. William van Breugel, P.Eng.
- Resource group id
- resource:2f37ee10d1bb4de89edd
- Deposit or zone
- Contact
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- probable
- Tonnes
- 9920065
- Grade
- 0.02
- Grade Unit
- %
- Cutoff Grade
- 1.5
- Cutoff Unit
- % NiEq
Prior Estimate
- Resource Date
- 2026-09-30
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-21T00:00:00.000Z
Reasoning: The Probable Reserve for the Contact zone includes cobalt as a byproduct, contributing to the overall economic viability of the project.
Positive factors
- Probable Reserve category indicates economic viability
- NI 43-101 compliant and QP signed
Evidence · table
“0.02”
Context: 9,920,065
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
probableCrean Hill · platinumTonnes: 9920065Grade: 0.92Grade Unit: g/tonneView all detailsHide details
Identity
- Project
- Crean Hill
- Commodity
- platinum
- Region
- canada_on
- Reported Region
- Ontario
- Ticker
- NICU.TO
Resource scope
- Estimate type
- reserve
- Effective date
- 2026-04-15T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Mr. Henri Gouin, P.Eng., Mr. William van Breugel, P.Eng.
- Resource group id
- resource:2f37ee10d1bb4de89edd
- Deposit or zone
- Contact
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- probable
- Tonnes
- 9920065
- Grade
- 0.92
- Grade Unit
- g/tonne
- Cutoff Grade
- 1.5
- Cutoff Unit
- % NiEq
Prior Estimate
- Resource Date
- 2026-09-30
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-21T00:00:00.000Z
Reasoning: The Probable Reserve for the Contact zone includes platinum, contributing to the precious metals credits and overall economic viability.
Positive factors
- Probable Reserve category indicates economic viability
- NI 43-101 compliant and QP signed
Evidence · table
“0.92”
Context: 9,920,065
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
probableCrean Hill · palladiumTonnes: 9920065Grade: 1.08Grade Unit: g/tonneView all detailsHide details
Identity
- Project
- Crean Hill
- Commodity
- palladium
- Region
- canada_on
- Reported Region
- Ontario
- Ticker
- NICU.TO
Resource scope
- Estimate type
- reserve
- Effective date
- 2026-04-15T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Mr. Henri Gouin, P.Eng., Mr. William van Breugel, P.Eng.
- Resource group id
- resource:2f37ee10d1bb4de89edd
- Deposit or zone
- Contact
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- probable
- Tonnes
- 9920065
- Grade
- 1.08
- Grade Unit
- g/tonne
- Cutoff Grade
- 1.5
- Cutoff Unit
- % NiEq
Prior Estimate
- Resource Date
- 2026-09-30
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-21T00:00:00.000Z
Reasoning: The Probable Reserve for the Contact zone includes palladium, contributing to the precious metals credits and overall economic viability.
Positive factors
- Probable Reserve category indicates economic viability
- NI 43-101 compliant and QP signed
Evidence · table
“1.08”
Context: 9,920,065
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
probableCrean Hill · goldTonnes: 9920065Grade: 0.38Grade Unit: g/tonneView all detailsHide details
Identity
- Project
- Crean Hill
- Commodity
- gold
- Region
- canada_on
- Reported Region
- Ontario
- Ticker
- NICU.TO
Resource scope
- Estimate type
- reserve
- Effective date
- 2026-04-15T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Mr. Henri Gouin, P.Eng., Mr. William van Breugel, P.Eng.
- Resource group id
- resource:2f37ee10d1bb4de89edd
- Deposit or zone
- Contact
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- probable
- Tonnes
- 9920065
- Grade
- 0.38
- Grade Unit
- g/tonne
- Cutoff Grade
- 1.5
- Cutoff Unit
- % NiEq
Prior Estimate
- Resource Date
- 2026-09-30
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-21T00:00:00.000Z
Reasoning: The Probable Reserve for the Contact zone includes gold, contributing to the precious metals credits and overall economic viability.
Positive factors
- Probable Reserve category indicates economic viability
- NI 43-101 compliant and QP signed
Evidence · table
“0.38”
Context: 9,920,065
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
probableCrean Hill · silverTonnes: 9920065Grade: 1Grade Unit: g/tonneView all detailsHide details
Identity
- Project
- Crean Hill
- Commodity
- silver
- Region
- canada_on
- Reported Region
- Ontario
- Ticker
- NICU.TO
Resource scope
- Estimate type
- reserve
- Effective date
- 2026-04-15T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Mr. Henri Gouin, P.Eng., Mr. William van Breugel, P.Eng.
- Resource group id
- resource:2f37ee10d1bb4de89edd
- Deposit or zone
- Contact
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- probable
- Tonnes
- 9920065
- Grade
- 1
- Grade Unit
- g/tonne
- Cutoff Grade
- 1.5
- Cutoff Unit
- % NiEq
Prior Estimate
- Resource Date
- 2026-09-30
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-21T00:00:00.000Z
Reasoning: The Probable Reserve for the Contact zone includes silver, contributing to the overall economic viability of the project.
Positive factors
- Probable Reserve category indicates economic viability
- NI 43-101 compliant and QP signed
Evidence · table
“1.00”
Context: 9,920,065
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
probableCrean Hill · copperTonnes: 384520Grade: 0.55Grade Unit: %View all detailsHide details
Identity
- Project
- Crean Hill
- Commodity
- copper
- Region
- canada_on
- Reported Region
- Ontario
- Ticker
- NICU.TO
Resource scope
- Estimate type
- reserve
- Effective date
- 2026-04-15T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Mr. Henri Gouin, P.Eng., Mr. William van Breugel, P.Eng.
- Resource group id
- resource:08340851d34d14754769
- Deposit or zone
- Footwall
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- probable
- Tonnes
- 384520
- Grade
- 0.55
- Grade Unit
- %
- Cutoff Grade
- 1.5
- Cutoff Unit
- % NiEq
Prior Estimate
- Resource Date
- 2026-09-30
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-21T00:00:00.000Z
Reasoning: The Probable Reserve for the Footwall zone contributes to the economically viable material, underpinning the PFS and construction decision.
Positive factors
- Probable Reserve category indicates economic viability
- NI 43-101 compliant and QP signed
Evidence · table
“0.55”
Context: 384,520
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
probableCrean Hill · nickelTonnes: 384520Grade: 0.31Grade Unit: %View all detailsHide details
Identity
- Project
- Crean Hill
- Commodity
- nickel
- Region
- canada_on
- Reported Region
- Ontario
- Ticker
- NICU.TO
Resource scope
- Estimate type
- reserve
- Effective date
- 2026-04-15T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Mr. Henri Gouin, P.Eng., Mr. William van Breugel, P.Eng.
- Resource group id
- resource:08340851d34d14754769
- Deposit or zone
- Footwall
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- probable
- Tonnes
- 384520
- Grade
- 0.31
- Grade Unit
- %
- Cutoff Grade
- 1.5
- Cutoff Unit
- % NiEq
Prior Estimate
- Resource Date
- 2026-09-30
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-21T00:00:00.000Z
Reasoning: The Probable Reserve for the Footwall zone contributes to the economically viable material, underpinning the PFS and construction decision.
Positive factors
- Probable Reserve category indicates economic viability
- NI 43-101 compliant and QP signed
Evidence · table
“0.31”
Context: 384,520
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
probableCrean Hill · cobaltTonnes: 384520Grade: 0.01Grade Unit: %View all detailsHide details
Identity
- Project
- Crean Hill
- Commodity
- cobalt
- Region
- canada_on
- Reported Region
- Ontario
- Ticker
- NICU.TO
Resource scope
- Estimate type
- reserve
- Effective date
- 2026-04-15T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Mr. Henri Gouin, P.Eng., Mr. William van Breugel, P.Eng.
- Resource group id
- resource:08340851d34d14754769
- Deposit or zone
- Footwall
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- probable
- Tonnes
- 384520
- Grade
- 0.01
- Grade Unit
- %
- Cutoff Grade
- 1.5
- Cutoff Unit
- % NiEq
Prior Estimate
- Resource Date
- 2026-09-30
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-21T00:00:00.000Z
Reasoning: The Probable Reserve for the Footwall zone includes cobalt as a byproduct, contributing to the overall economic viability of the project.
Positive factors
- Probable Reserve category indicates economic viability
- NI 43-101 compliant and QP signed
Evidence · table
“0.01”
Context: 384,520
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
probableCrean Hill · platinumTonnes: 384520Grade: 2.35Grade Unit: g/tonneView all detailsHide details
Identity
- Project
- Crean Hill
- Commodity
- platinum
- Region
- canada_on
- Reported Region
- Ontario
- Ticker
- NICU.TO
Resource scope
- Estimate type
- reserve
- Effective date
- 2026-04-15T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Mr. Henri Gouin, P.Eng., Mr. William van Breugel, P.Eng.
- Resource group id
- resource:08340851d34d14754769
- Deposit or zone
- Footwall
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- probable
- Tonnes
- 384520
- Grade
- 2.35
- Grade Unit
- g/tonne
- Cutoff Grade
- 1.5
- Cutoff Unit
- % NiEq
Prior Estimate
- Resource Date
- 2026-09-30
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-21T00:00:00.000Z
Reasoning: The Probable Reserve for the Footwall zone includes high platinum grades, significantly contributing to precious metals credits and overall economic viability.
Positive factors
- High platinum grade for a Probable Reserve
- NI 43-101 compliant and QP signed
Evidence · table
“2.35”
Context: 384,520
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
probableCrean Hill · palladiumTonnes: 384520Grade: 2.15Grade Unit: g/tonneView all detailsHide details
Identity
- Project
- Crean Hill
- Commodity
- palladium
- Region
- canada_on
- Reported Region
- Ontario
- Ticker
- NICU.TO
Resource scope
- Estimate type
- reserve
- Effective date
- 2026-04-15T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Mr. Henri Gouin, P.Eng., Mr. William van Breugel, P.Eng.
- Resource group id
- resource:08340851d34d14754769
- Deposit or zone
- Footwall
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- probable
- Tonnes
- 384520
- Grade
- 2.15
- Grade Unit
- g/tonne
- Cutoff Grade
- 1.5
- Cutoff Unit
- % NiEq
Prior Estimate
- Resource Date
- 2026-09-30
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-21T00:00:00.000Z
Reasoning: The Probable Reserve for the Footwall zone includes high palladium grades, significantly contributing to precious metals credits and overall economic viability.
Positive factors
- High palladium grade for a Probable Reserve
- NI 43-101 compliant and QP signed
Evidence · table
“2.15”
Context: 384,520
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
probableCrean Hill · goldTonnes: 384520Grade: 1.04Grade Unit: g/tonneView all detailsHide details
Identity
- Project
- Crean Hill
- Commodity
- gold
- Region
- canada_on
- Reported Region
- Ontario
- Ticker
- NICU.TO
Resource scope
- Estimate type
- reserve
- Effective date
- 2026-04-15T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Mr. Henri Gouin, P.Eng., Mr. William van Breugel, P.Eng.
- Resource group id
- resource:08340851d34d14754769
- Deposit or zone
- Footwall
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- probable
- Tonnes
- 384520
- Grade
- 1.04
- Grade Unit
- g/tonne
- Cutoff Grade
- 1.5
- Cutoff Unit
- % NiEq
Prior Estimate
- Resource Date
- 2026-09-30
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-21T00:00:00.000Z
Reasoning: The Probable Reserve for the Footwall zone includes good gold grades, contributing to precious metals credits and overall economic viability.
Positive factors
- Good gold grade for a Probable Reserve
- NI 43-101 compliant and QP signed
Evidence · table
“1.04”
Context: 384,520
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
probableCrean Hill · silverTonnes: 384520Grade: 3.2Grade Unit: g/tonneView all detailsHide details
Identity
- Project
- Crean Hill
- Commodity
- silver
- Region
- canada_on
- Reported Region
- Ontario
- Ticker
- NICU.TO
Resource scope
- Estimate type
- reserve
- Effective date
- 2026-04-15T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Mr. Henri Gouin, P.Eng., Mr. William van Breugel, P.Eng.
- Resource group id
- resource:08340851d34d14754769
- Deposit or zone
- Footwall
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- probable
- Tonnes
- 384520
- Grade
- 3.2
- Grade Unit
- g/tonne
- Cutoff Grade
- 1.5
- Cutoff Unit
- % NiEq
Prior Estimate
- Resource Date
- 2026-09-30
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-21T00:00:00.000Z
Reasoning: The Probable Reserve for the Footwall zone includes good silver grades, contributing to the overall economic viability of the project.
Positive factors
- Good silver grade for a Probable Reserve
- NI 43-101 compliant and QP signed
Evidence · table
“3.20”
Context: 384,520
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
probableCrean Hill · copperTonnes: 10304585Grade: 0.62Grade Unit: %View all detailsHide details
Identity
- Project
- Crean Hill
- Commodity
- copper
- Region
- canada_on
- Reported Region
- Ontario
- Ticker
- NICU.TO
Resource scope
- Estimate type
- reserve
- Effective date
- 2026-04-15T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Mr. Henri Gouin, P.Eng., Mr. William van Breugel, P.Eng.
- Resource group id
- resource:e204ead67df11bba7883
- Deposit or zone
- Total Probable
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- probable
- Tonnes
- 10304585
- Grade
- 0.62
- Grade Unit
- %
- Cutoff Grade
- 1.5
- Cutoff Unit
- % NiEq
Prior Estimate
- Resource Date
- 2026-09-30
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-21T00:00:00.000Z
Reasoning: The total Probable Reserve provides a substantial and confident economic base for copper, underpinning the PFS and construction decision.
Positive factors
- Large tonnage in Probable Reserve category
- NI 43-101 compliant and QP signed
- Forms the basis for the PFS mine plan
Evidence · table
“0.62”
Context: 10,304,585
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
probableCrean Hill · nickelTonnes: 10304585Grade: 0.67Grade Unit: %View all detailsHide details
Identity
- Project
- Crean Hill
- Commodity
- nickel
- Region
- canada_on
- Reported Region
- Ontario
- Ticker
- NICU.TO
Resource scope
- Estimate type
- reserve
- Effective date
- 2026-04-15T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Mr. Henri Gouin, P.Eng., Mr. William van Breugel, P.Eng.
- Resource group id
- resource:e204ead67df11bba7883
- Deposit or zone
- Total Probable
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- probable
- Tonnes
- 10304585
- Grade
- 0.67
- Grade Unit
- %
- Cutoff Grade
- 1.5
- Cutoff Unit
- % NiEq
Prior Estimate
- Resource Date
- 2026-09-30
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-21T00:00:00.000Z
Reasoning: The total Probable Reserve provides a substantial and confident economic base for nickel, underpinning the PFS and construction decision.
Positive factors
- Large tonnage in Probable Reserve category
- NI 43-101 compliant and QP signed
- Forms the basis for the PFS mine plan
Evidence · table
“0.67”
Context: 10,304,585
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
probableCrean Hill · cobaltTonnes: 10304585Grade: 0.02Grade Unit: %View all detailsHide details
Identity
- Project
- Crean Hill
- Commodity
- cobalt
- Region
- canada_on
- Reported Region
- Ontario
- Ticker
- NICU.TO
Resource scope
- Estimate type
- reserve
- Effective date
- 2026-04-15T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Mr. Henri Gouin, P.Eng., Mr. William van Breugel, P.Eng.
- Resource group id
- resource:e204ead67df11bba7883
- Deposit or zone
- Total Probable
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- probable
- Tonnes
- 10304585
- Grade
- 0.02
- Grade Unit
- %
- Cutoff Grade
- 1.5
- Cutoff Unit
- % NiEq
Prior Estimate
- Resource Date
- 2026-09-30
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-21T00:00:00.000Z
Reasoning: The total Probable Reserve includes cobalt as a byproduct, contributing to the overall economic viability of the project.
Positive factors
- Probable Reserve category indicates economic viability
- NI 43-101 compliant and QP signed
Evidence · table
“0.02”
Context: 10,304,585
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
probableCrean Hill · platinumTonnes: 10304585Grade: 0.97Grade Unit: g/tonneView all detailsHide details
Identity
- Project
- Crean Hill
- Commodity
- platinum
- Region
- canada_on
- Reported Region
- Ontario
- Ticker
- NICU.TO
Resource scope
- Estimate type
- reserve
- Effective date
- 2026-04-15T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Mr. Henri Gouin, P.Eng., Mr. William van Breugel, P.Eng.
- Resource group id
- resource:e204ead67df11bba7883
- Deposit or zone
- Total Probable
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- probable
- Tonnes
- 10304585
- Grade
- 0.97
- Grade Unit
- g/tonne
- Cutoff Grade
- 1.5
- Cutoff Unit
- % NiEq
Prior Estimate
- Resource Date
- 2026-09-30
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-21T00:00:00.000Z
Reasoning: The total Probable Reserve includes platinum, contributing to the precious metals credits and overall economic viability.
Positive factors
- Probable Reserve category indicates economic viability
- NI 43-101 compliant and QP signed
Evidence · table
“0.97”
Context: 10,304,585
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
probableCrean Hill · palladiumTonnes: 10304585Grade: 1.12Grade Unit: g/tonneView all detailsHide details
Identity
- Project
- Crean Hill
- Commodity
- palladium
- Region
- canada_on
- Reported Region
- Ontario
- Ticker
- NICU.TO
Resource scope
- Estimate type
- reserve
- Effective date
- 2026-04-15T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Mr. Henri Gouin, P.Eng., Mr. William van Breugel, P.Eng.
- Resource group id
- resource:e204ead67df11bba7883
- Deposit or zone
- Total Probable
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- probable
- Tonnes
- 10304585
- Grade
- 1.12
- Grade Unit
- g/tonne
- Cutoff Grade
- 1.5
- Cutoff Unit
- % NiEq
Prior Estimate
- Resource Date
- 2026-09-30
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-21T00:00:00.000Z
Reasoning: The total Probable Reserve includes palladium, contributing to the precious metals credits and overall economic viability.
Positive factors
- Probable Reserve category indicates economic viability
- NI 43-101 compliant and QP signed
Evidence · table
“1.12”
Context: 10,304,585
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
probableCrean Hill · goldTonnes: 10304585Grade: 0.4Grade Unit: g/tonneView all detailsHide details
Identity
- Project
- Crean Hill
- Commodity
- gold
- Region
- canada_on
- Reported Region
- Ontario
- Ticker
- NICU.TO
Resource scope
- Estimate type
- reserve
- Effective date
- 2026-04-15T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Mr. Henri Gouin, P.Eng., Mr. William van Breugel, P.Eng.
- Resource group id
- resource:e204ead67df11bba7883
- Deposit or zone
- Total Probable
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- probable
- Tonnes
- 10304585
- Grade
- 0.4
- Grade Unit
- g/tonne
- Cutoff Grade
- 1.5
- Cutoff Unit
- % NiEq
Prior Estimate
- Resource Date
- 2026-09-30
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-21T00:00:00.000Z
Reasoning: The total Probable Reserve includes gold, contributing to the precious metals credits and overall economic viability.
Positive factors
- Probable Reserve category indicates economic viability
- NI 43-101 compliant and QP signed
Evidence · table
“0.40”
Context: 10,304,585
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
probableCrean Hill · silverTonnes: 10304585Grade: 1.08Grade Unit: g/tonneView all detailsHide details
Identity
- Project
- Crean Hill
- Commodity
- silver
- Region
- canada_on
- Reported Region
- Ontario
- Ticker
- NICU.TO
Resource scope
- Estimate type
- reserve
- Effective date
- 2026-04-15T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Mr. Henri Gouin, P.Eng., Mr. William van Breugel, P.Eng.
- Resource group id
- resource:e204ead67df11bba7883
- Deposit or zone
- Total Probable
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- probable
- Tonnes
- 10304585
- Grade
- 1.08
- Grade Unit
- g/tonne
- Cutoff Grade
- 1.5
- Cutoff Unit
- % NiEq
Prior Estimate
- Resource Date
- 2026-09-30
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-21T00:00:00.000Z
Reasoning: The total Probable Reserve includes silver as a byproduct, contributing to the overall economic viability of the project.
Positive factors
- Probable Reserve category indicates economic viability
- NI 43-101 compliant and QP signed
Evidence · table
“1.08”
Context: 10,304,585
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
How Atlas produces this analysis
Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.