2024 Rodburn Drilling Update

by Peak NickelPosted on Comments are Disabled

News & Media 2024 Rodburn Drilling Update Drilling resumes at the Rodburn high-grade Ni-Cu-Co project in Aberdeenshire, Scotland Peak Nickel Limited (“PNL” or the “Company”) is pleased to provide an update on exploration activities at Rodburn, the highest-grade battery metals project in the UK, where the 2024 drill programme is now underway. During 2023 the Company conducted an 18-hole 2,600m drill programme to test the areas around historically identified, non-compliant mineral resources (for more details refer to PNL press releases dated 21st February 2024 and 2nd March 2024). As a result, a new Mineral Resource Estimate was defined as outlined below. Resource Mt Ni (%) Cu (%) Co (ppm) % NiEq. Inferred Mineral Resource 4.3 0.54 0.28 364 0.72 Including 2.9 0.67 0.35 457 0.90 Download Report

Presentation for UK Mining Conference

by Peak NickelPosted on Comments are Disabled

News & Media Presentation for UK Mining Conference Summary High-grade battery metals project in Aberdeenshire, ScotlandGood jurisdiction, excellent infrastructureDiscovered in early 1970s by Rio / Goldfields JV – no work for the last 50 years2023 Mineral Resource Estimate: 4.3Mt @ 0.72 % Ni Eq. (inc. 2.9Mt @ 0.9 %Ni Eq.)Resource comes to surface – shallow and open along strike and to depthMultiple untested coincident magnetic and geochemical soil anomalies nearby 2024 work programme (subject to funding): 6,000m of drilling – objective to at least double the current Mineral Resource EstimateMetallurgical testworkBegin planning processPrepare for IPO Overview • 100% ownership of the Rodburn Nickel Project, NE Scotland • Rio / Goldfields JV (“EVL”) defined a non-compliant resource in 1973 • Peak Nickel drilling in 2023 confirms larger & higher-grade MRE, open in all directions • 2023 drilling: best Ni-Cu-Co-PGE intercepts ever drilled in the UK • Cobalt grades to 0.24% (not previously analysed for by EVL) • Multiple untested drill targets within 2 Km of the resource • Emerging as one of the highest-grade battery metal resources in Europe Project Location • Power, road, rail, Aberdeen port & Inverness freeport nearby • Exclusive ~250km2 Crown Estate Mines Royal Option in NE Scotland • Exclusive landowner agreements over strike & dip extents of the Rodburn Mineral Resource plus other untested targets Support for Domestic Minerals Development Examples in Scotland: • Cononish gold mine – granted planning permission to operate inside a National Park • Within 10km of Rodburn, recently approved development / expansion of major roadstone quarries • Local Council Development Plan confirms Rodburn resource & strike extents are protected sites: • Safeguarded Mineral Resource – Rodburn Mineral Resource – local planning policy does not generally allow any other form of development (other than mining) • Area of Search for Minerals – Resource and strike extents – mineral potential of the areas should not be sterilized by inappropriate development Recent Developments in Scottish Nickel Exploration Aberdeen Minerals Ltd. is actively exploring the Arthrath nickel project, located 30 miles to the east. In 2024 Aberdeen concluded an investment agreement with London-listed Central Asia Mining Ltd., whereby CAML would invest an initial £3 million for 28.7% of AML. CAML investment is a strong endorsement of the potential for nickel projects in Aberdeenshire 2023 Drilling Results First drilling on the project for over 50 years = new resource >2,600m completed in 2023. Intersected numerous wellmineralised sulphidised intrusions. Resource Confirmation Drilling (Section A-B) *Co underreported as only PNL holes were assayed for Co, historical intersections used in resource have no Co assays Mt Ni (%) Cu (%) Co* (ppm) NiEq. (%) Global 4.3 0.54 0.28 364 0.72 Incl. 2.9 0.67 0.35 457 0.90 RBD002Massive, semi-massive & disseminated sulphide:17.0m @ 1.16% Ni, 0.51% Cu, 0.08% Co, (1.45% Ni equiv.) RBD004: 75m down-dip of RBD002.High-grade MS & SMS: 12.2m @ 1.41% Ni eq. incl. 5.97m @ 1.92% Ni, 1.5% Cu, 0.12% Co (2.63% Ni equiv.) plus4.4g/t Ag, 0.2g/t Au, 80ppb Pd. New Results – 2023 Drilling RBD009:13.79m @ 1.39% Ni, 0.53% Cu, 0.08% Co from51.6m depth (1.7% Ni equiv) incl. 5.4m @ 2.04% Ni, 0.56% Cu, 0.10% Co from60m (2.4% Ni equiv.) 60m step out into main high-grade shoot zone;open down-dip and along strike NE New Results – 2023 Drilling RBD009:13.79m @ 1.39% Ni, 0.53% Cu, 0.08% Co from51.6m depth (1.7% Ni equiv) incl. 5.4m @ 2.04% Ni, 0.56% Cu, 0.10% Co from60m (2.4% Ni equiv.) 60m step out into main high-grade shoot zone;open down-dip and along strike NE Potential to Rapidly Increase the MRE Two mineralised zones drilled by PNL(Sections A-B and C-D); geologically similar & 600m apart Wide Open – no drilling yet conducted to confirm a link between them, or the strike & down-dip potential of either Mineralised structures over 3km long, numerous other large targets within2km of resource Section A –B: Southern Zone Continuous from surface “Conduit / Feeder zone”- style mineralisation; similar to modern world-class nickel discoveries Last hole extends resource 100m down-dip of the best intercept –still wide open along strike and to depth Significant increase in resource potential confirmed from limited drilling Section C –D: Northern Zone Continuous from surface Thick “Conduit / Feeder zone”-style with higher grade zones of massive sulphide Only drilled <70m vertical depth V. shallow dip: not yet tested up-dip or down-dip or both strike directions Bulk tonnage target to significantly increase resource at Rodburn South Zone Resource (Open)                   South Zone Resource (Block Model & planned drilling) https://peaknickel.co.uk/wp-content/uploads/2024/07/New-12Jun23.mp4 NB: bottom-loaded Ni distribution & high-grade zone wide open down plunge 2024 Resource Expansion Drill Plan Drill ready: •Southern zone open in both strikedirections •Main high-grade shoot; dipextension NNE •Northern zone strike and dipextensions Team & Corporate Structure Chris MacKenzie, Managing Director Chartered Geologist (CGeol) with BSc (Hons) degree in Geology from Portsmouth,UK and MSc in Exploration Geology from Rhodes University, South Africa. 35 years+ of extensive global experience, including underground and open-pit Ni-Cu-Co-PGE mining & exploration, resource discovery, private company formation,growth and value creation through listing. Richard Williams, Director Highly experienced mining company executive with a BSc (Hons) degree inGeology from Portsmouth, UK and a Masters degree in Mineral Exploration fromQueen’s University, Canada. Mr Williams has 35 years+ experience in minerals development, from exploration to mining, including most notably in his recent role as CEO of British tin developer, Cornish Metals Inc. Tony Williams, Senior Advisor Mr. Williams has over 40 years’ experience as a mining geologist and investment banker. Chairman of Dragon Group. Previously co‐founded & led the natural resource group at Yorkton Securities. Has raised over US$10 billion in equity and debt financing for mineral development projects worldwide. 0% Founders, management, insiders 0% Ormonde Mining Summary Highest-grade battery metals project in UK, one of the highest grade in Europe 2030 UK nickel demand requires a ~12-fold increase in imports Management with extensive experience in nickel and advancing UK projects 2023 drilling confirmed high-grade near-surface Ni-Cu-Co resource Still open to depth and along strike – plenty of room to grow Numerous other soil/geophysical targets to test …

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New Board Appointments

by Peak NickelPosted on Comments are Disabled

News & Media New Board Appointments New Director Appointments Richard Williams Joins PNL Board Following a Successful Period Running UK Tin Developer Cornish Metals Inc. Peak Nickel Limited (PNL) is pleased to provide a corporate update as follows: PNL has appointed Mr. Richard David Williams as a director of the company. Mr Williams has over 35 years global experience in the mining and minerals industry, most notably as CEO and director of Cornish Metals Inc., where he was intimately involved in the acquisition, funding, and development of the South Crofty tin mine in Cornwall. In addition to Mr. Williams, PNL has added shareholder Ormonde Mining Ltd.’s nominee, Mr Steven Nicol, to the PNL board (with Mr Brendan McMorrow as his Alternate). Peak Nickel Limited is a private mineral exploration company – more information is available at www.peaknickel.co.uk and info@peaknickel.co.uk. The company recently released the following resource, confirming Rodburn’s status as the highest-grade battery metals resource in the UK: Resource Mt Ni (%) Cu (%) Co* (ppm) NiEq. (%) Global 4.3 0.54 0.28 364 0.72 Including 2.9 0.67 0.35 457 0.90 Download Report The resource was estimated by an independent Qualified Person with over 10 years’ experience in mineral resource estimation. All technical information contained within this document has been reviewed and approved by Mr. C. MacKenzie, M.Sc., C.Geol (CM), a Director and Control Person of PNL. CM has previously acted as a Qualified Person (as defined by Canadian National Instrument NI 43-101 Standards of Disclosure for Mineral Projects) and a Competent Person (under JORC 2012) for various public companies. Whilst not independent, CM has approved the technical disclosure and is responsible for the technical information herein. Ni%-equivalent values used by the independent QP were calculated based on metal prices of $19,000/t Ni, $8,500/t Cu, $28,000/t Co, using the formula Ni% + (0.447 x Cu%) + (1.474 x Co%) and exclude any precious metal credits.

New Resource Announced

by Peak NickelPosted on Comments are Disabled

News & Media New Resource Announced Rodburn Ni-Cu-Co Project: Maiden Resources Increases Historical Estimates  Peak Nickel Limited (PNL) is pleased to provide the results from the maiden resource at the advanced Rodburn Project in Scotland, summarised below: 4.3Mt @ 0.72 Ni Eq(%) including 2.9Mt @ 0.9 Ni Eq(%) – wide open The higher-grade zone doubles the previous 1973 estimate by Exploration Ventures Ltd. (“EVL”, a RioTinto-Consolidated Gold Fields joint venture). The resource was compiled using PNL’s recently announced drill results (see News Release dated 21st February 2024). The 2023 drill programme comprised 2,600m of drilling in 18 holes testing a 900m strike length of a variably mineralised basic-ultrabasic unit intruding gabbroic and metasedimentary rocks. Mineralisation consists of pyrrhotite, chalcopyrite & pentlandite.  The global resource contains 23,100t Ni, 12,100t Cu and 1,560t Co and remains completely open to depth and along strike in most directions. The resource block model indicates a higher-grade plunging shoot raking NE on the main mineralised zone, which strikes NE-SW and dips at approximately 50° NW. The deepest hole on this shoot is a historical hole from 1973 which intercepted 9.85m @ 1.06% Ni and 0.34% Cu (open) approximately 140m deep, see Figure 1 below. No Co assays are available for historical holes.  Further drilling is planned in 2024 to investigate the true scale of the resource zone.  PNL will be displaying drill core from Rodburn at the PDAC – Find us at Booth #3149  Peak Nickel Limited is a private mineral exploration company – more information is available at www.peaknickel.co.uk and info@peaknickel.co.uk The resource was estimated by an independent Qualified Person with over 10 years’ experience in mineral resource estimation.  All technical information contained within this document has been reviewed and approved by Mr. C. MacKenzie, M.Sc., C.Geol (CM), a Director and Control Person of PNL. CM has previously acted as a Qualified Person (as defined by Canadian National Instrument NI 43-101 Standards of Disclosure for Mineral Projects) and a Competent Person (under JORC 2012) for various public companies. Whilst not independent, CM has approved the technical disclosure and is responsible for the technical information herein.  Ni%-equivalent values used by the independent QP were calculated based on metal prices of $19,000/t Ni, $8,500/t Cu, $28,000/t Co, using the formula Ni% + (0.447 x Cu%) + (1.474 x Co%) and exclude any precious metal credits. Wireframe outline showing wide open nature of the resource Download Report

2023 Drilling Results

by Peak NickelPosted on Comments are Disabled

News & Media 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 Download Report