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2023 Drilling Results

Rodburn Ni-Cu-Co Project: 2023 Drilling Results

Table 1 – Collar Information (Local grid)

Peak Nickel Limited (PNL) is pleased to provide the results from it’s maiden 2023 drilling programme at the advanced Rodburn Project in Scotland.

Headline drill intercepts include:

5.97m @ 1.92% Ni, 1.50% Cu, 0.12% Co
13.8m @ 1.39% Ni, 0.53% Cu, 0.07% Co
Incl 5.39m @ 2.04% Ni, 0.56% Cu, 0.1% Co
17m @ 1.16% Ni, 0.51% Cu, 0.08% Co
9m @ 1.13% Ni, 0.73% Cu, 0.11% Co
More than 2,600m of drilling investigated a 900m strike length of a variably mineralised basic ultra basic unit intruding gabbroic and metasedimentary rocks. Sulphide mineralisation consists of pyrrhotite, chalcopyrite and pentlandite.
 
The main zone of mineralisation discovered remains open to depth and along strike. Further drilling is planned in 2024 to investigate the true potential of the zone.
 
Maximum analytical grades (1),were as follows:
 
Ni = 3.55%, Cu = 3.97%, Co = 0.24%, Ag = 12.0ppm, Au = 0.92ppm, Pd = 0.11ppm. Further information regarding the hole locations and drill results is provided in the tables below. 
 
Peak Nickel Limited is a private mineral exploration company – more information at www.peaknickel.co.uk
Hole ID x (m) y (m) z (m) Az Dip EOH
RBD001
11758.8
17383.5
75.1
160
-50
93.7
RBD002
11883.4
17385
75.1
160
-90
103.7
RBD003
11857.6
17474.6
76.1
160
-55
134.7
RBD004
11857.5
17475.1
76.1
160
-75
154.3
RBD005
11560
17477.9
82.4
310
-50
199.4
RBD006
11384.3
17634.3
81.0
130
-50
197.7
RBD007
11825.5
17505.7
76.2
165
-70
175.1
RBD008
11825.2
17506.4
76.3
360
-90
199.4
RBD009
11924
17404.9
75.0
160
-55
79.3
RBD010
11653.2
17282.6
81.0
160
-50
113.7
RBD011
11618.7
17368.5
83.3
160
-50
150.4
RBD012
11530.1
17442.8
83.0
130
-50
199.1
RBD013
12099.2
17515.6
92.9
160
-50
151.1
RBD014
12098.6
17516.8
93.0
360
-90
199.8
RBD015
12350.3
17783.5
114.8
340
-50
140.5
RBD016
12308
17941.9
121.1
160
-50
140.2
RBD017
12024.9
17448.4
83.3
160
-50
100
RBD018
12024.8
17449.4
83.4
360
-90
116.1

Table 2 – Drill Hole Intercepts

Hole ID From (m) Length (m) Ni (%) Cu (%) Co (ppm) Ni Equiv%
RBD001
40.52
12.48
0.63
0.54
403
0.88
Incl.
45.00
6.00
0.96
0.73
601
1.31
RBD002
50.60
35.40
0.71
0.30
473
0.89
Incl.
69.00
17.00
1.16
0.51
769
1.45
RBD003
103.94
14.06
0.34
0.40
242
0.52
Incl.
114.00
4.00
0.69
0.66
484
1.00
RBD004
112.00
12.26
1.02
0.83
633
1.41
Incl.
118.29
5.97
1.92
1.50
1197
2.63
RBD005
NCV
RBD006
NCV
RBD007
116.00
8.00
0.17
0.13
80
0.23
Incl.
RBD008
161.00
17.00
0.14
0.08
83
0.18
Incl.
161.00
2.00
0.48
0.24
280
0.61
and
186.00
2.00
0.92
0.27
535
1.09
RBD009
51.60
13.79
1.39
0.53
728
1.69
Incl.
60.00
5.39
2.04
0.56
1013
2.39
RBD010
Not assayed
RBD011
NCV
RBD012
Not assayed
RBD013
30.00
24.00
0.21
0.17
89
0.28
incl.
33.00
1.00
1.14
0.59
450
1.42
and
64.00
34.00
0.20
0.15
125
0.27
and
119.00
1.00
0.47
0.14
100
0.53
RBD014
86.00
2.00
0.21
0.05
88
0.24
and
111.00
12.00
0.15
0.12
99
0.21
and
131.00
8.00
0.16
0.10
96
0.21
and
164.00
3.00
0.26
0.15
137
0.33
and
177.00
1.00
0.75
0.15
239
0.84
RBD015
36.00
33.00
0.45
0.16
237
0.54
RBD016
30.00
26.00
0.23
0.11
188
0.30
incl.
56.00
1.00
1.26
0.24
1057
1.50
and
62.00
27.00
0.47
0.30
433
0.64
incl.
74.00
9.00
1.13
0.73
1056
1.54
RBD017
61.00
5.00
0.16
0.13
146
0.23
RBD018
36.00
36.00
2.00
0.21
0.16
77
and
100.00
2.00
1.54
0.93
735
1.98
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