Pivotal Metals' maiden drilling at the Alotta target within its Belleterre Projects returned high-grade copper-nickel-PGE intersections, including 21.8m @ 1.3% Ni, 1.0% Cu & 1.3 g/t 3PGE from 73m, while exploration continues across the broader corridor and development advances at the Horden Lake copper deposit.
- Five drill holes totalling 905 metres were completed at two target areas, Alotta and Midrim East, to test EM anomalies.
- Hole 26-PIV-02 at Alotta returned 21.8m @ 1.27% Ni, 1.03% Cu & 1.29 g/t 3PGE from 73m, including 4.7m @ 2.63% Ni, 1.67% Cu & 2.35 g/t 3PGE from 85.3m.
- Previous drilling at the site included samples up to 22% Cu and 33.8g/t Pd.
- Hole 26-PIV-03 was abandoned at 62.8m due to excessive deviation, and Midrim East drilling (26-PIV-01) did not intersect material mineralisation but validated the geophysical targeting approach.
- The company plans to drill test 8-12 geophysical anomalies during 2026 across the Belleterre package.
- Horden Lake, which hosts a JORC Mineral Resource of 37Mt @ 1.1% CuEq, has an MRE update due in June 2026 and a maiden scoping study planned for Q3 2026.
Alotta headline intercept (26-PIV-02)
21.8m @ 1.3% Ni, 1.0% Cu & 1.3 g/t 3PGE from 73mp.1
High-grade sub-interval
4.7m @ 2.7% Ni, 1.7% Cu & 2.4 g/t 3PGE from 85.3mp.1
Previous drilling high assays
up to 22% Cu and 33.8g/t Pdp.1
Total drilling metres
905 metresp.1
Number of drill holes
Five drill holesp.1
Horden Lake Mineral Resource
37mt @ 1.1% CuEqp.7
Alotta drilling total
671m metresp.2
26-PIV-03 abandonment depth
62.8mp.4
The results confirm the presence of exceptionally high-grade copper-nickel-PGE mineralisation at the Alotta target, an area the company describes as part of a regional mineralised corridor with nine known high-grade deposits. Continued drilling and geophysical work are planned across the Belleterre package to define additional targets, while the Horden Lake project progresses toward an updated resource estimate and scoping study.
HIGH GRADE Cu, Ni and PGM INTERSECTED IN ALOTTA DRILLINGp.1
Initial drilling returns exceptional Cu-Ni-Pd assays from regional scale Belleterre target corridor.p.1
- Bonanza mineralisation in first results from maiden drill program at Pivotal's 100% owned Belleterre Projects
- Five drill holes at two target areas, Alotta and Midrim East - total of 905 metres to test EM anomalies
- Exceptionally high grades intersected at Alotta in shallow drilling
- 21.8m @ 1.3% Ni, 1.0% Cu & 1.3 g/t 3PGE from 73m
- Incl. 4.7m @ 2.7% Ni, 1.7% Cu & 2.4 g/t 3PGE from 85.3m
- Mineralisation consistent with previously drilling, which included samples up to 22% Cu and 33.8g/t Pd
- Sulphide mineralisation characteristics support a remobilised emplacement at Alotta, with source yet to be identified
- The Belleterre project remains highly prospective and under explored. Nine high grade magmatic sulphide deposits within the project area define a regional mineralised corridor
- Exploration active across Belleterre at multiple locations. Drilling in progress, and geophysical surveys scheduled for development of additional drill targets
- Simultaneous development at Horden Lake Cu deposit. Updated MRE due shortly, with scoping study progressing for Q3 2026 release
Ivan Fairhall, Pivotal Managing Director, commented: "These results underscore our excitement for the Belleterre project area. The exceptional tenor of mineralisation defined over a wide area, is evidence of a significant mineralising system targeted by our ongoing exploration programs. These results have advanced our understanding of the mineralisation and contribute our expanded targeting across the broader Midrim-Alotta-LacCroche trend at Belleterre. We are currently drilling Shanty Lake, having recently completed the platform hole at LacCroche – drilled to enable the first ever DHEM below this deposit. In addition our Horden Lake MRE update is in final stages of review, and we are excited to use that as the basis for our Scoping Study production target due in the 3rd quarter 2026."p.1
Pivotal Metals Limited (ASX:PVT) ('Pivotal' or the 'Company') is pleased to announce completion of its maiden drill program at the Midrim Project, part of the Company's district-scale Belleterre Projects located in Québec, Canada.p.2
The Belleterre Projects comprise Midrim, Lorraine and LaForce, each of which hosts known high-grade copper-nickel-platinum group element ("PGE") mineralisation associated with gabbroic intrusions and magmatic sulphide systems. Québec is recognised globally as a Tier-1 mining jurisdiction with established infrastructure, low-cost renewable hydroelectric power and a stable permitting framework supportive of long-term critical minerals development.p.2
This drilling forms part of a broader systematic exploration strategy designed to identify the source of multiple known high-grade sulphide occurrences using modern geophysical techniques integrated with historical drilling and surface geochemistry datasets.p.2
Alottap.2
Four drill holes totalling 671m metres were completed at the Alotta target, an established deposit forming part of a highly prospective mineralised trend that hosts multiple high-grade occurrences at the Midrim project (Figure 1).p.2
Map of the Midrim Belt Scale System showing target areas Lac Long, Lac Kirwan, Lac Croche, Midrim, Alotta, Midrim East, Delphi Patry and Zullo, with a marked belt-scale 5 x 2.2km high grade cluster, VTEM conductor classifications, DDH locations and new FLTEM conductor markers.
Drilling was designed to test the orientation of the known occurrence and the potential for extension evidenced in a FLTEM conductor identified in 2025 interpreted to emerge from the known sulphide body with a northerly plunge. The orientation of this conductor is perpendicular to previous drilling, thus not tested, and provided a possible extension or satellite body of the Alotta high-grade mineralisation.p.3
26-PVT-02 returned outstanding Cu, Ni, Au and PGE results in multiple zones of sulphide. Highlights included:p.3
- 21.8m @ 1.27% Ni, 1.03% Cu & 1.29 g/t 3PGE from 73m
- Incl. 3.2m @ 2.91% Ni, 1.14% Cu & 2.09 g/t 3PGE from 77.2
- and 4.7m @ 2.63% Ni, 1.67% Cu & 2.35 g/t 3PGE from 85.3m
- 5.2m @ 0.57% Ni, 0.93% Cu & 1.0 g/t 3PGE from 104m
The sulphide mineralisation intersected included a broad spectrum of concentrations and textures including massive and semi-massive, net-textured, disseminated and vein pyrrhotite and chalcopyrite. This combination is characteristic of the Alotta-Midrim-LacCroche mineralisation and suggestive of a multiple injection model consistent with the remobilised interpretation. It demonstrates the complexity of these bodies and provides insight into their geophysical interpretation variability.p.3
Photograph of drill core boxes from hole 26-PIV-02 spanning 74.3-92.3m, with a red marker indicating the 15.6m mineralised interval containing dark sulphide-bearing rock.
Two close-up photographs of drill core pieces labeled PIV-26-02 (87.0-87.13m) and PIV-26-02 (92.1-92.16m) showing metallic chalcopyrite and pyrrhotite sulphide mineralisation.
Cross-section diagram showing drill holes 26-PIV-02, 26-PIV-04, 26-PIV-05 and 26-PIV-06 intersecting a yellow-highlighted FLTEM conductor zone, with red markers indicating Cu+Ni>0.5% intercepts from this release and historical drilling.
Holes 26-PIV-04, 26-PIV-05 and 26-PIV-06 are step out holes drilled progressively to test the newly defined northerly plunging FLTEM conductor. This conductor's orientation is orthogonal to previous interpretations and provided an untested target for the extension of the known Alotta high-grade mineralisation or associated satellite body.p.4
These holes intersected a combination of quartz feldspar porphyry, mafic volcanic and mineralised gabbro hosting disseminated sulphide returning highly anomalous corresponding Cu, Ni, Ag and Pd concentrations. These results affirm the high tenor of the mineralisation at Alotta, and extend the previously interpreted Alotta mineralised halo northward above the main semi massive and massive sulphide hosting body.p.4
Drilling did not intersect sulphide mineralisation that could have explained the 2025 modelled conductor, and the follow up DHEM did not return any corresponding anomalism. A revised interpretation suggests that the complexity of the main Alotta sulphide accumulation impacted the modelled conductor orientation. The surface FLTEM surveys applied at Alotta targeted semi massive and massive mineralisation and were not optimised for the associated lower levels of sulphide concentrations.p.4
26-PIV-03 was abandoned at 62.8m due to excessive deviation.p.4
Midrim Eastp.5
Hole 26-PIV-01 tested a discrete FLTEM conductor with no outcrop expression at the Midrim East target. Drilling intersected interfingering of mafic volcanic and gabbro with a local concentration of sulphides in the volcanics coinciding with the targeted conductor.p.5
Whilst sulphides were not materially mineralised in this instance, it was a successfully validation the Company's integrated geophysical targeting approach as a means to detect sulphide accumulations under cover – directly applicable to our strategy of delineating new orebodies anchored in a well established regional mineralised setting.p.5
This targeting and testing approach is being deployed across the regional package, with the company expecting to drill test 8-12 geophysical anomalies during the course of 2026.p.5
Map of Alotta-Midrim drilling plan showing DDH locations for holes 26-PIV-02, 26-PIV-04, 26-PIV-05, 26-PIV-06 near Alotta and Midrim, 26-PIV-01 at Midrim East, and historical DDH locations, plus surrounding targets Lac Croche, Delphi Patry and Zulu.
Belleterre Ongoing Explorationp.5
- Interpretation of the geophysical and geological dataset across the Alotta-Midrim-LacCroche trend
- New DHEM at LacCroche (drilling recently completed)
- Drilling is ongoing at Shanty Lake, targeting an undrilled 200 x 400m conductor
- Target and access prioritisation for anticipated expanded and funded drill program
- Geophysical surveys at LaForce, ahead of possible drilling in Q3 subject to results
Horden Lake Development Strategy and Work Programp.5
- MRE update June 26
- Metallurgical testwork Q3 26
- Maiden scoping study Q3 26
- Environmental baseline initiation, spring-summer 2026
- Infill and extension drilling, planned Q1 2027
Belleterre Overviewp.6
The Belleterre project area is located 85 km south of Rouyn-Noranda; the heart of the Abitibi greenstone belt, and one of the worlds most productive geological areas estimated to have produced 7 Mt of copper and 200 Moz of gold since 1901.p.6
The project area is extremely well serviced by infrastructure, being nearby a major mining services center, hosting an extensive electrical grid, road and rail network, and skilled labour force.p.6
There have been over 100 mining operations in the region with multiple mills in operation. Given the high-grade nature of the exploration targets, there is the potential to delineate deposits with potential for direct shipping to existing milling facilities. The Company notes Agnico Eagle's nearby Canadian Malartic Mine has a well publicised 14 Mt/annum of spare milling capacity forecast from 2028.p.6
The exceptionally low hydropower costs (estimated 5.5c/kWh) and close proximity to Glencore's 'Horne' copper and 'Sudbury' nickel smelters, further underscore the structural cost advantages for new discoveries made in this region.p.6
Regional map of the Belleterre-Angliers Greenstone Belt (BAGB) Project Area showing Pivotal's Midrim, Lorraine and La Force claims relative to Rouyn-Noranda, Val-d'Or, Kirkland Lake, New Liskeard, Sudbury and various operating mines and smelters including the Horne Smelter.
About Pivotal Metalsp.7
Pivotal Metals Limited (ASX:PVT) is an explorer and developer of world-class critical mineral projects. Pivotal holds the 100% of the flagship Horden Lake property, which contains a JORC compliant Indicated and Inferred Mineral Resource Estimate of 37mt @ 1.1% CuEq, (refer Table 3). Pivotal intends to grow the mineral endowment of Horden Lake, in parallel with de-risking the Project from an engineering, environmental and economic perspective.p.7
Horden Lake is complemented by a battery metals exploration portfolio in Canada located within the prolific Belleterre-Angliers Greenstone Belt comprised of the Midrim, Alotta, Laforce and Lorraine high-grade nickel copper PGM sulphide projects in Quebec. Pivotal intends to build on historic exploration work to make discoveries of scale which can be practically bought into production given their proximity to the world famous Abitibi mining district.p.7
Table 1: Significant intercepts - greater than 2m intersected width mineralisation, >0.3% Cu+Ni
p.7| Hole-ID | From_m | To_m | Len | Cu (%) | Ni (%) | Au (g/t) | Pd (g/t) | Pt (g/t) | Ag (ppm) |
|---|---|---|---|---|---|---|---|---|---|
| 26-PIV-02 | 73.0 | 94.8 | 21.8 | 1.03 | 1.27 | 0.07 | 1.01 | 0.21 | 5.8 |
| Including | 77.2 | 92.8 | 15.6 | 1.34 | 1.73 | 0.09 | 1.34 | 0.27 | 7.8 |
| Incl | 85.3 | 90.0 | 4.7 | 1.67 | 2.63 | 0.08 | 2.00 | 0.26 | 6.5 |
| And | 104.0 | 109.2 | 5.2 | 0.93 | 0.57 | 0.05 | 0.67 | 0.28 | 3.1 |
| 26-PIV-04 | 60.4 | 62.8 | 2.4 | 0.18 | 0.22 | 0.00 | 0.00 | 0.01 | 79.9 |
| 26-PIV-05 | 53.3 | 57.0 | 3.7 | 0.46 | 0.22 | 0.03 | 0.03 | 0.11 | 0.3 |
| And | 61.1 | 64.5 | 3.4 | 0.17 | 0.10 | 0.04 | 0.03 | 0.10 | 0.1 |
| 26-PIV-06 | 55.9 | 59.0 | 3.1 | 0.20 | 0.11 | 0.01 | 0.02 | 0.07 | 0.1 |
Table 2: Drill hole details (UTM NAD83 Zone 17 North)
p.7| Hole_ID | UTM_X | UTM_Y | UTM_Z | Az | Dip | Len |
|---|---|---|---|---|---|---|
| 26-PIV-01 | 637863 | 5257814 | 274 | 160 | -45 | 170.5 |
| 26-PIV-02 | 631578 | 5258664 | 274 | 135 | -45 | 147.1 |
| 26-PIV-03 | 631578 | 5258664 | 274 | 135 | -45 | 62.8 (abandoned) |
| 26-PIV-04 | 631590 | 5258660 | 274 | 127 | -50 | 173.7 |
| 26-PIV-05 | 631578 | 5258664 | 274 | 112 | -51 | 149.9 |
| 26-PIV-06 | 631590 | 5258660 | 274 | 88 | -66 | 201 |
Mineral Resourcesp.8
On 29 April 2025 the Company released an updated mineral resource estimate for Horden Lake. The summary mineral resource estimate is shown in Table 3.p.8
Table 3: Horden Lake 2025 Mineral Resource Estimate Statement
p.8| Category | Tonnes Mt | CuEq % | Cu % | Ni % | 3E g/t | Ag g/t | Co ppm | CuEq kt | Cu kt | Ni kt | 3E g/t | Ag koz | Co t |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| In-pit | 31.2 | 1.10 | 0.63 | 0.18 | 0.37 | 10.6 | 140 | 341 | 196 | 58 | 375 | 10,598 | 4,353 |
| Out-of-pit | 5.8 | 1.13 | 0.65 | 0.24 | 0.32 | 9.0 | 151 | 66 | 38 | 14 | 60 | 1,672 | 878 |
| Total | 37.0 | 1.10 | 0.63 | 0.19 | 0.37 | 10.3 | 141 | 407 | 234 | 72 | 435 | 12,270 | 5,231 |
| Indicated | 19.5 | 1.17 | 0.72 | 0.19 | 0.35 | 9.6 | 144 | 229 | 141 | 37 | 220 | 6,049 | 2,808 |
| Inferred | 17.4 | 1.02 | 0.53 | 0.20 | 0.38 | 11.1 | 139 | 178 | 92 | 35 | 214 | 6,220 | 2,423 |
| Total | 37.0 | 1.10 | 0.63 | 0.19 | 0.37 | 10.3 | 141 | 407 | 234 | 72 | 435 | 12,269 | 5,231 |
Metal Equivalentsp.8
Horden Lake metal equivalents have been calculated using the following recovery and metals prices assumptions (Table 4). The metallurgical assumptions are informed by recent metallurgical testwork. Refer to ASX announcement 12 March 2025 "Testwork Confirms Excellent Metallurgy at Horden Lake" for more detailed information.p.8
Table 4: Metal equivalent parameters
p.8| Metal | Unit | Price | Recovery | Sales Cost | ME Factor |
|---|---|---|---|---|---|
| Copper (Cu) | USD/t | 9,918 | 90% | 992 | 1.00 |
| Nickel (Ni) | USD/t | 19,836 | 50% | 1,984 | 1.11 |
| Gold (Au) | USD/oz | 2,600 | 60% | 260 | 0.56 |
| Palladium (Pd) | USD/oz | 1,200 | 55% | 120 | 0.24 |
| Platinum (Pt) | USD/oz | 1,200 | 40% | 120 | 0.17 |
| Silver (Ag) | USD/oz | 30 | 65% | 3 | 0.009 |
| Cobalt (Co) | USD/t | 35,264 | 25% | 3,526 | 0.0001 |
Copper equivalent is calculated based on the formula: CuEq% = Cu% + Ni% * 1.11 + Au ppm * 0.56 + Pd ppm * 0.24 + Pt ppm * 0.17 + Ag ppm * 0.001 + Co ppm * 0.0001. In the opinion of the Company, all elements included in the metal equivalent calculation have a reasonable potential to be sold and recovered, based on current market conditions, metallurgical testwork, and the Company's metallurgical consultant's experience. Copper is chosen as the equivalent.p.8
JORC Code, 2012 Edition – Table 1p.10
Section 1 Sampling Techniques and Datap.10
| JORC Code criteria | Commentary |
|---|---|
| Sampling techniques | 2026 drill holes were completed by Forage Multi Drilling of Rouyn-Noranda QC. Drill core samples ranging from 0.5m to 1.5m in length were cut using a diamond blade core saw and half core submitted for analysis. Drill core samples were submitted to ALS Laboratory located in Val d'Or QC for sample preparation and forwarded to ALS Laboratory in Vancouver BC for assay. Trace element concentrations were determined using four acid digestion and the ICP-MS method. Ore grade elements and precious metals were determined using four acid digestion and the ICP-AES method. Total sulphur was determined using the LECO method. Certified standard material and blank materials was inserted by Pivotal Metals. ALS Laboratory also inserted standards. |
| Drilling techniques | 2026 diamond drill holes reported here were completed using NQ size. Location and directional information was obtained from hand held GPS downhole direction gyro. |
| Drill sample recovery | Drill core sample location and length was determined by a geologist. Sample lengths ranged from 0.5m to 1.5m and were selected to not cross any major lithological boundaries. Samples were cut in half using a core saw by a trained technical support staff. Half core was sent to a laboratory for analysis and the remaining half kept for verification. Samples were analysed by ALS Laboratory, a fully accredited laboratory. |
| JORC Code criteria | Commentary |
|---|---|
| Logging | All 2026 diamond drill core was logged by a geologist. Major lithologies and mineralisation was recorded into a digital database to support future studies and mineral resource estimations. Systematic photographs of the drill core were taken. |
| Sub-sampling techniques and sample preparation | Drill core was sawn using a diamond blade core saw. Where sampling was required, half core was removed and submitted for analysis. The sample range was 0.5m to 1.5m. |
| Quality of assay data and laboratory tests | Selected drill core samples were submitted to ALS Laboratory for analysis. Trace element concentrations were determined using four acid digestion and the ICP-MS method. Ore grade elements and precious metals were determined using four acid digestion and the ICP-AES method. Total sulphur was determined using the LECO method. Certified standard material and blank materials was inserted by Pivotal Metals. ALS Laboratory also inserted standards. The chain of custody for the samples was maintained using sealed bags and contracted delivery services. |
| JORC Code criteria | Commentary |
|---|---|
| Verification of sampling and assaying | Sample intervals and assay results are recorded into a digital database and compared to the drill logs. The results are verified by a geologist and company executive. Original assay certificates and original protected digital assay spreadsheets are stored on a secured cloud-based data space. |
| Location of data points | Drill hole collar location was obtained using handheld GPS and presented in the UTM coordinate system NAD 83 Zone 17 north. Drill hole directional data was obtained using a gyro instrument. |
| Data spacing and distribution | A composite of individual drill core assay results is included in this news release guided by the limit of significant mineralisation. |
| Orientation of data in relation to geological structure | No bias in sampling is detected. Sampling of the mineralised intervals was extended to incorporate un-mineralised "book ends" for certainty of the extend of these zones. |
| Sample security | Sample security was maintained using sealed bags and contracted delivery services. |
| Audits or reviews | Results of the certified standards and blank material were examined for quality control of the analyses carried out by ALS Laboratory. No additional audits were carried out. |
Section 2 Reporting of Exploration Resultsp.13
| JORC Code criteria | Commentary |
|---|---|
| Mineral tenement and land tenure status | The Belleterre Project is located approximately 100 km south of Rouyn-Noranda, in the Laverlochere area of Western Quebec, within the Belleterre-Angliers Greenstone Belt. The package totals 302 claims, all 100% owned by Pivotal Metals. All claims are in good standing, and many have excessive work credits. Various claims are subject to one or more net smelter return royalties, up to 2.5%. Any royalties on the projects are payable only upon commercial production. There are no known protection areas or native title interests overlapping the claims. Typically exploration on the properties would not be prioritised during hunting season (mid-Sept to mid-October). There are no known impediments to completing proposed exploration work, though additional permits are required for drilling noting the company has been successful in obtaining similar permits in nearby areas. |
| Exploration done by other parties | Multiple rounds of exploration to date have been completed by other parties, which includes surface sampling, geophysics and drilling. A significant amount of exploration data is available publicly on the Quebec ministry database SIGÉOM. A reasonable level of effort has been made to include the context of relevant historical exploration in this report. The CP cannot confirm the completeness of this data, nor validity of the work completed by previous explorers. |
Belleterre claims summary
p.13| Project | Claims | Ha |
|---|---|---|
| Midrim | 118 | 6422 |
| Alotta-Delphi | 15 | 679 |
| Midrim | 92 | 5195 |
| Lac Katutu | 5 | 273 |
| Zullo | 3 | 175 |
| Laverlochere | 3 | 100 |
| Lorraine | 160 | 8786 |
| LaForce | 24 | 1396 |
| JORC Code criteria | Commentary |
|---|---|
| Geology | The Belleterre projects are located in the Belleterre-Angliers Greenstone Belt (BAGB) of the Archean Superior Province of the Canadian Shield. Greenstone belts are characterised by an abundance of volcanic and sedimentary lithologies intruded by felsic, mafic, and ultramafic bodies. These lithologies are known to host magmatic Cu-Ni-PGE, shear zone and quartz vein hosted Au, and volcanogenic massive sulphide Cu-Zn deposits. The magmatic PGM-Ni-Cu sulphide mineralisation within the southern Belleterre-Angliers Greenstone Belt is reportedly typically of the tholeiite-hosted variety, thus they are characterised by associations with gabbro dykes and sills that crosscut the previous volcanic stratigraphy. Belleterre is already host to a number of magmatic Cu-Ni-PGE and Au deposits, occurrences, and past producers. |
| Drill hole Information | Mineralisation is described in the body of the announcement. Drilling collar details are presented in Table 2. The year of drilling completed is denoted in the first 2 numerical prefix to the drill hole number. |
| Data aggregation methods | 2026 diamond drilling results reported here were composited using the extent of the logged mineralization, min 2m, >0.3% Cu+Ni |
| JORC Code criteria | Commentary |
|---|---|
| Relationship between mineralisation widths and intercept lengths | Relationship between mineralisation widths and intercept lengths are not known. |
| Diagrams | Maps and sections are included in the body of this release as deemed appropriate by the competent person. |
| Balanced reporting | Surface sample thematic maps and legends include all results. The drill hole compilation Table 1 is the significant intercepts of all holes where assays are available. |
| Other substantive exploration data | Exploration data relevant to the targets discussed here have been incorporated in the body of the announcement. Additional information can be found on the Pivotal Metals website and within the relevant historic assessment reports available on the Government database. |
| Further work | Continued mapping, sampling and surface geophysical surveys to delineate structure and geological controls of Ni-Cu mineralisation to support future drill targeting extending from the present area of drilling. Drilling of clearly defined anomalies. |
Forward-Looking Statements
MRE update for Horden Lake due June 26
Metallurgical testwork planned for Q3 26
Maiden scoping study for Horden Lake planned for Q3 26
Environmental baseline initiation planned spring-summer 2026
Infill and extension drilling at Horden Lake planned for Q1 2027
Drilling ongoing at Shanty Lake targeting an undrilled 200 x 400m conductor
New DHEM survey at LacCroche following recently completed drilling
Geophysical surveys planned at LaForce ahead of possible drilling in Q3, subject to results
Company expects to drill test 8-12 geophysical anomalies during 2026