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Tartisan Nickel Corp. $TN $TTSRF Announces Geophysical Survey at the Kenbridge Nickel-Copper-Cobalt Project, Kenora Mining District, Ontario to Assess Targets $FPX $TLO $CNC $FCC

Posted by AGORACOM-Eric at 8:31 AM on Tuesday, March 2nd, 2021
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  • Conducting survey to delineate Nickel targets north of Kenbridge deposit
  • TDEM surveys have been used extensively and successfully to aid in identifying nickel sulphide targets
  • Next step is to move the Kenbridge Deposit towards a Bankable Feasibility Study
  • Tartisan is planning a late spring early summer drill program

Tartisan Nickel Corp. (CSE:TN)(OTC Pink:TTSRF)(FSE:A2D) (“Tartisan”, or the “Company”) is pleased to provide an update on the 100% owned Kenbridge Nickel Project in Northwestern Ontario. The Company has contracted Crone Geophysics & Exploration Ltd to complete a surface Time Domain Electromagnetic (TDEM) survey over targets identified to the north of the known Kenbridge Ni-Cu-Co Deposit. The target areas are interpreted to represent similar rock types which host the Kenbridge Deposit. TDEM surveys have been used extensively and successfully to aid in identifying nickel sulphide targets like the Kenbridge Ni-Cu-Co Deposit.

The Company recently released an Updated Mineral Resource Estimate (MRE) for the Kenbridge Nickel-Copper-Cobalt Project, Atikwa Lake Area, Northwestern Ontario (press released September 17, 2020). Tartisan Nickel Corp. subsequently announced that P&E Mining Consultants Inc. have been contracted to oversee the updating of the Preliminary Economic Assessment Technical Report (“PEA”) on the Kenbridge Project (press released February 2, 2021). The “PEA” will identify the critical next steps that Tartisan needs to take to move the Kenbridge Deposit towards a Bankable Feasibility Study including permitting, geotechnical, environmental, and geological considerations.

Mark Appleby, CEO of Tartian Nickel Corp. states; “the geophysical field crew is expected to mobilize to site in the next 2 weeks. Tartisan is planning a late spring early summer drill program on the down plunge and down dip extensions to the known deposit and will look to drill targets generated from the TDEM program”. Appleby goes on to state “Tartisan will aggressively move the Kenbridge Nickel Project forward in 2021”.

Read More:https://agoracom.com/ir/TartisanNickel/forums/discussion/topics/756372-tartisan-nickel-corp-announces-geophysical-survey-at-the-kenbridge-nickel-copper-cobalt-project-kenora-mining-district-ontario-to-assess-targets/messages/2306050#message

Tartisan Nickel Corp. $TN $TTSRF Purchases Sill Lake Lead-Silver Boundary Claims, Stakes Additional Cells $RNX.ca $TSLA $NOB.ca $SHL.ca $ELO $CNC.ca $NICO.ca

Posted by AGORACOM-Eric at 8:28 AM on Wednesday, February 17th, 2021
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Tartisan Nickel Corp. (CSE:TN)(OTC Pink: TTSRF)(FSE:A2D) (“Tartisan”, or the “Company”) is pleased to announce that the Company has purchased a 100% interest in certain claims in the Sault Ste. Marie Mining District in Ontario to complete the Sill Lake lead-silver property package.

The mining claims purchased are located in Van Koughnet Township, about 30 km north of Sault Ste. Marie, Ontario. A cash payment of $75,000; the issuance of 100,000 common shares in the capital of Tartisan Nickel Corp. and a 2% net smelter return royalty (subject to a 1% buy-back provision for $250,000) has been paid and assigned in consideration to the vendors.

The Company additionally reports that 17 single cell mining claims contiguous to the Sill Lake land package have been staked. The Sill Lake lead-silver project now consists of 47 single cell mining claims which represents 933.57 hectares.

Lead-silver mineralization was originally discovered at Sill Lake in 1892, when a 30m adit was driven to a 17m internal shaft, with approximately 40m of lateral development to exploit a lead-silver vein. The Sill Lake lead-silver property was later defined by explorers who conducted a 3750m of diamond drill program along a defined steeply dipping mineralized trend some 850m in length, with mineralized widths varying between 1.5m and 4.5m.

The Sill Lake Lead-Silver Project has seen two distinct periods of underground development and production and it is estimated that 7,000 tonnes of ore containing lead and silver were mined.

In 2010, a historical NI 43-101 Technical Report gave a measured and indicated mineral resource of 112,751 tonnes at 134 g/t silver; 0.62% lead, and 0.21% zinc. The historical resource estimate used a silver cutoff grade of 60 g/t; but no cutoff grade for the base metal content was used.

Read More: https://agoracom.com/ir/TartisanNickel/forums/discussion/topics/755492-tartisan-nickel-corp-purchases-sill-lake-lead-silver-boundary-claims-stakes-additional-cells/messages/2303998#message

Tartisan Nickel Corp. $TN.ca $TTSRF Updating the Preliminary Economic Assessment on the Kenbridge Nickel Deposit, Kenora Mining District, Ontario $RNX.ca $TSLA $NOB.ca $SHL.ca $ELO $CNC.ca $FPC.ca $NICO.ca

Posted by AGORACOM-Eric at 8:36 AM on Tuesday, February 2nd, 2021
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  • Updating historic Preliminary Economic Assessment
  • 1st step toward bankable feasibility study
  • Outlining future Exploration plans for Kenbridge

Tartisan Nickel Corp. (CSE:TN)(OTC PINK:TTSRF)(FSE:A2D) (“Tartisan”, or the “Company”) is pleased to announce that the historic Preliminary Economic Assessment Study, (“PEA”) on the Kenbridge Nickel Project, located in the Kenora Mining District is being updated by P&E Mining Consultants Inc. of Brampton, Ontario.

Mark Appleby, CEO of Tartisan states, “The updating of the Preliminary Economic Assessment is the first in a series of steps toward completing a full Bankable Feasibility Study on the Kenbridge Nickel Deposit. The PEA will feature the potential economic viability of Kenbridge and will identify the critical next steps.” Additionally, Appleby goes on to say, “Tartisan will be outlining future exploration plans for the Kenbridge Nickel Project shortly.”

P&E Mining Consultants Inc. recently completed a review and update of the historic NI 43-101 & 43-101F1 Technical Report and Mineral Resource Estimate (“MRE”) of the Kenbridge Nickel Project, Atikwa Lake Area, Northwestern Ontario (press released September 17, 2020). The Updated Mineral Resource Estimate will be incorporated into the Kenbridge Project PEA. The Company believes that the Updated PEA should be completed in the second quarter of calendar 2021.

Read More: https://agoracom.com/ir/TartisanNickel/forums/discussion/topics/754424-tartisan-nickel-corp-updating-the-preliminary-economic-assessment-on-the-kenbridge-nickel-deposit-kenora-mining-district-ontario/messages/2301568#message

Tartisan Nickel Corp. $TN.ca Announces Webinar on Thursday February 11, 2021 at 12 Noon EST $RNX.ca $TSLA $NOB.ca $SHL.ca $ELO $CNC.ca $FPC.ca $NICO.ca

Posted by AGORACOM-Eric at 9:13 AM on Friday, January 29th, 2021

Tartisan Nickel Corp. (CSE:TN)(OTC PINK:TTSRF)(FSE:A2D) (“Tartisan”, or the “Company”) announces that the Company will conduct a webinar at 12 noon EST on Thursday, February 11th, 2021.

The Company invites investors to join President & CEO Mark Appleby for an update on Tartisan Nickel Corp. and plans for the Company’s flagship Kenbridge Nickel project.

LIVE WEBINAR

The Tartisan Nickel Corp. webinar will take place on Thursday, February 11th, 2021 at 12 noon local time, Toronto.

The following link provides online registration details to join the webinar:

https://us02web.zoom.us/webinar/register/WN_4BcYSGmDQN2eeQwffUiFfA

After registering, you will receive a confirmation email containing information about joining the webinar.

The event is being facilitated by PBA (Paul Benwell & Associates).

About Tartisan Nickel Corp.

Tartisan Nickel Corp. is a Canadian based mineral exploration and development company which owns; the Kenbridge Nickel Project in northwestern Ontario; the Sill Lake Silver Property in Sault Ste. Marie, Ontario as well as the Don Pancho Manganese-Zinc-Lead-Silver Project in Peru.

The Company has an equity stake in; Eloro Resources Limited, Class 1 Nickel and Technologies Limited and Peruvian Metals Corp.Tartisan Nickel Corp.

For further information, please contact Mark Appleby, President & CEO and a Director of the Company, at 416-804-0280 ([email protected]).UnfollowRecommend

Industry Bulletin: Eloro Resources Hits the Silver Jackpot SPONSOR Tartisan Resources $ TN.ca $ELO $CFE.ca $NICO.ca

Posted by AGORACOM-Eric at 1:15 PM on Thursday, January 28th, 2021
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  • Tartisan owns approximately 4 million shares of Eloro Resources
  • Eloro could amount to between 500 million tonnes to 1 billion tonnes at four to eight ounces silver eq grade
  • Discovery Hole of 129.6 grams silver equivalent over 257.5 meters
  • “Eloro is going to be bought out in short order” Bob Moriarty

Potosi in Bolivia is sometimes referred to as the GOAT of silver mining. That is, the Greatest Of All Time for silver. Discovered in 1545, Cerro Rico produced just over 2 billion ounces of silver at a cost of 8 million lives of slaves. If you held two and a half 100 ounce silver bars that came from Potosi, that would have cost the life of one slave, either Indian or Negro. The silver from Potosi funded the Spanish Empire for two and a half centuries. The silver went to Manila before being traded to China for tea, Chinaware and silk. The opium wars weren’t really about opium; they were about the silver riches from Potosi. Spain mined it and traded to China. China had it. Britain wanted it.

It appears Eloro is on track to pushing Potosi aside as the silver GOAT. At least if you are willing to consider silver equivalent ounces. Quinton Hennigh has done several interviews and believes Eloro could amount to between 500 million tonnes to 1 billion tonnes at four to eight ounces silver eq grade. Well, yesterday Eloro came out with brilliant assays that support Quinton’s belief and actually suggests he may have underestimated the potential. Now it seems to imply over 1 billion tonnes. If the four ounces held, Eloro would be the biggest silver story in history. Certainly the biggest silver story in the last fifty years.

Eloro has one of the strongest mining and geology teams in Peru or Bolivia. Dr. Osvaldo Acre runs the Bolivian operation. He is the world’s leading expert on Potosi type systems and literally has written the book about them. Dr. Bill Pearson who I first met when he was leading the geological team at Desert Sun fifteen years ago is the senior technical advisor. Tom Larsen is the CEO and drives the company. Quinton Hennigh also serves as a technical and business advisor.

Eloro has an option on 99% of the Iska Iska property in the very southern bit of Bolivia near Potosi. They are paying the owner 500,000 shares and $10 million USD at some point in the next four years. There is no NSR. The owner retains a 1% interest in the project.

If you look at the center of the concession outlined in blue, clearly there is a caldera. While the geological team has been focused on identifying and drilling breccia pipes with great success, they have also identified a series of more potential pipes to the east and south.

I have never seen any company move a project forward and prove their theory so quickly. In the results released on January 26th one hole measured 129.6 grams silver equivalent over 257.5 meters from the newly discovered Santa Barbara breccia pipe. The Santa Barbara pipe was discovered and announced in the November press release. Through surface mapping and Aster satellite data located yet another breccia pipe, this one named the Central Breccia Pipe measuring 700 meters by 400 meters. This latest set of assays discusses drilling into both the Santa Barbara pipe and the Central Breccis pipe. Those results have not been released yet. Those include hole DHK-02 intercepting 475 meters below surface in the Central Breccia pipe.

This is an interesting system because it has a variety of minerals of economic value including almost an ounce of silver, some gold, lead, zinc, tin, bismuth, indium and cadmium. Quinton Hennigh did up a spreadsheet with the values from the 257-meter hole and it showed a total in the ground value of $103 US per tonne. That would make 500 million tonnes worth somewhere in the $50 billion USD range.

Bill Person and Osvaldo are punching holes in the pipes they have identified so far. I suspect that if they stepped back a foot or so and just stared at the maps of the project I have showed above they would realize there appears to be a ring of different breccia pipes around the edge of the caldera. Osvaldo talks about the possibility of the Santa Barbara and Central Breccia pipes merging deeper in the system. You have a series of pipes, why not start drilling vertical holes right in the center of the caldera? I’m not sure knowing the exact dimension of any of the pipes is important. This is a BFD system and all the company needs to attract bidding from every major in the world is to show an obvious billion tonnes of $100 rock. Don’t drill for the pipes, drill for the feeders.

Eloro is going to be bought out in short order, I’m talking 6-12 months. They are fully financed for a planned 14,000 meters of drilling both from surface and from underground. Due to drill limits, the underground drilling is pretty much limited to 350 meters but they can drill 1.2 km holes from the surface.

Today’s price action gives the company about a $190 million CAD market cap. The price is going to be up and down like a bride’s nightie but in six months it’s going to be a hell of a lot higher.

The shares were as cheap as $2.10 a week ago and hit $4.11 on Wednesday the 27th for almost double in a week. While they were cheap a week ago, they got expensive in a hurry. There is a backdoor way to buy shares that have not yet exploded higher yet. Cartier Iron, a gold company run by Tom Larsen, CEO of ELO, happens to own 2.09 million shares of ELO. At today’s highest price for Eloro, the shares held by Cartier were worth more than their entire market cap. The shares were 25% higher ten days ago. That situation won’t last for long.

Eloro and Cartier are both advertisers. I have bought shares in the open market and participated in private placements for both companies. As always do your own due diligence.

SOURCE: http://www.321gold.com/editorials/moriarty/moriarty012821.html

Tartisan Nickel $TN.ca: Poised For A Breakout Year! Resource Expansion & Exploration Ramp Up IS Coming IN 2021 $RNX.ca $TSLA $NOB.ca $SHL.ca $CNC.ca $FPC.ca $NICO.ca

Posted by AGORACOM-Eric at 10:33 AM on Monday, January 18th, 2021
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Morgan Stanley on Nickel Forecast:

  • 6.4% demand growth in 2021
    • outpacing supply as Indo NPI growth offset by China’s decline
  • Market moving from 85kt surplus in 2020 to -18kt in ’21
    • Supporting average price of $7.29/lb, with risk skewed to bull case $8.75/lb

Tartisan Investment Highlights:

  • Kenbridge Nickel Deposit is a Class 1 Nickel project which can safely be put into production quickly at low capital cost
  • Updated Mineral Resource Estimate: 7.47 Ktonnes 0.6% Ni, 0.32% Cu open pit and underground
  • Measured and Indicated resources 985 Ktonnes Inferred at 1% Ni, 0.62% or 117 million pounds of Nickel and 66 million pounds of Copper
  • Potential to double the underground resource at Kenbridge through anticipated drill program
  • Kenbridge North – Untested Potential to Discover additional Class 1 Deposits

Tartisan Strategic Investment Holdings $9+ Million

  • Eloro Resources,  Class One Nickel and Technologies , Peruvian Metals Corp. provide Tartisan shareholders an opportunity to participate in other high-quality projects

Kenbridge Ni Project (Kenora, Ontario)

  • Property is accessible via gravel roads from paved Highway 71
  • Underground development of the deposit extends from surface to a depth of 623 metres in a 3 compartment shaft, with 244 metres of drifts and 168 metres of crosscuts at the 110 and 150 metre levels
  • The minimum drill spacing is at 15.2metres on all levels.
  • The deepest hole extends to 838.4 metre depth and intersected mineralization grading 4.25% nickel and 1.38% copper over 10.7 metres, indicating that the deposit remains open at depth.
  • Historical surface drilling was completed at 30.5metre spacing
  • Preliminary  Economic Assessment completed and updated returned robust project economics and operating costs including a NPV of C$253M and cash costs of US$3.47/lb of nickel net of copper credits

Look for Tartisan Corporate updates in 2021 at Tartisan.com

Lomiko $LMR.ca Sees Biden’s $400 Billion Commitment To Clean Energy As An Opportunity For Quebec Mine Developers $CJC.ca $SRG.ca $NGC.ca $LLG.ca $GPH.ca $NOU.ca

Posted by AGORACOM-Eric at 8:36 AM on Tuesday, January 12th, 2021

Lomiko Metals Inc. (“Lomiko”) (TSX-V: LMR, OTC: LMRMF, FSE: DH8C) is focused on the exploration and development of flake graphite in Quebec for the new green economy.  Lomiko has been monitoring emerging legislation aimed at reducing North American dependence on Chinese supply of graphite and other electric vehicle battery materials.  The US Geological Society 2020 report indicates that 100% of graphite anodes are currently imported to the United States as there are no domestic graphite mines able to produce the material used in Electric Vehicles.

Nomination of Jennifer Granholm as Secretary of Energy

Jennifer Granholm born in Vancouver, B.C., is Joe Biden’s nominee to head the US Department of Energy (DOE). The DOE is responsible for developing and implement clean technologies needed to reach Biden’s fossil fuel reduction targets. Ms. Granholm is passionately committed to decarbonizing the economy.  Combined with a large budget economic plan, there is a clear indication that change to clean energy is the order of the day.

Biden aims to hit net-zero emissions by 2050 which is a goal shared by the Trudeau federal government in Canada and builds upon the Canada-US supply strategy agreement. Biden is well-regarded by the Canadian government on issues of mining and green energy.  In January 2020, Canada and the U.S. announced they have finalized the Canada–U.S. Joint Action Plan on Critical Minerals Collaboration, advancing mutual interest in securing supply chains for the critical minerals needed for important manufacturing sectors, including communication, aerospace, defense, and clean technology.

Read More: https://agoracom.com/ir/Lomiko/forums/discussion/topics/752799-lomiko-sees-biden-s-400-billion-commitment-to-clean-energy-as-an-opportunity-for-quebec-mine-developers/messages/2297181#message

Lomiko $LMR.ca Views the Roberts Bank Terminal 2 Development As Critical Infrastructure for the New Green Economy $CJC.ca $SRG.ca $NGC.ca $LLG.ca $GPH.ca $NOU.ca

Posted by AGORACOM-Eric at 2:01 PM on Thursday, January 7th, 2021

Lomiko Metals Inc. (“Lomiko”) (TSX-V: LMR, OTC: LMRMF, FSE: DH8C) is focused on the exploration and development of flake graphite in Quebec for the new green economy. Lomiko CEO A. Paul Gill is a member of the Surrey Board of Trade (‘SBOT”) Transportation Committee and whole-heartedly supports SBOT’s endorsement of the project. Lomiko has been monitoring emerging legislation aimed at developing a new green economy and views the Robert Bank Terminal 2 as a necessary project based on economic and environmental considerations.

“We believe in growing a new green economy”, stated A. Paul Gill, CEO of Lomiko Metals, “Canada must have key infrastructure in place to participate in this green-growth strategy.”

Read More:https://agoracom.com/ir/Lomiko/forums/discussion/topics/752555-lomiko-views-the-roberts-bank-terminal-2-development-as-critical-infrastructure-for-the-new-green-economy/messages/2296516#message

Lomiko $LMR.ca Reviews 2020 and Looks Forward to 2021 Developments $CJC.ca $SRG.ca $NGC.ca $LLG.ca $GPH.ca $NOU.ca

Posted by AGORACOM-Eric at 8:50 AM on Wednesday, December 30th, 2020

Vancouver, B.C., Dec. 30, 2020 (GLOBE NEWSWIRE) — Lomiko Metals Inc. (“Lomiko”) (TSX-V: LMR, OTC: LMRMF, FSE: DH8C) is focused on the exploration and development of graphite for the new green economy.  Despite the negative effects of COVID, Lomiko Management are happy to report the company has made significant strides forward over the last year.

 2020 La Loutre Flake Graphite Property Developments

 Lomiko formed a La Loutre Technical, Safety and Sustainability Committee (“LTSSC”), reporting to the Board of Directors.  The LTSCC is comprised of A. Paul Gill, CEO and Directors, Gabriel Erdelyi and Gregg Jensen.  The LTSSC will oversee the assessment of the La Loutre Flake Graphite Property, and liaise with service providers, technical staff, and stakeholders to put forward a series of crucial technical documents including, but not limited to, a Scope of Work (SOW), Graphite Characterization and Metallurgy, Response for Proposal (RFP) on a Preliminary Economic Assessment, and, if required, pre-feasibility, bulk samples, pilot plant, feasibility and construction plans.  The Committee will govern the hiring of technical staff, liaise with extra-company agencies and representatives, and provide a conduit to the Board of Directors to make crucial decisions on the project.  The Board and Committee has accepted a proposal by SGS Canada Inc. to conduct a Metallurgical Process Development Program with results due in early 2021.

New Board Members

Mr. Mike Petrina joined the Lomiko Board and the Lomiko Technical, Safety and Sustainability Committee (“LTSSC”) has appointed him the Project Manager for development of La Loutre.  Mr. Petrina has years of executive experience with Adanac Molybdenum, Hawthorne Gold, MAG Silver and Probe Minerals.  Mr. Petrina’s extensive experience with advanced stage projects in the Pre-economic Assessment (PEA) Stage will be extremely helpful as Lomiko proceeds with the La Loutre Project.

Also, Mr. Gregg Jensen joined the Lomiko Board.  He has over 25 years of experience in Finance and Business management spanning several industries from technology, mining, engineering, to professional services.

Kenmar Securities Engaged to Raise $ 40 Million Cdn

Lomiko Metals engaged Kenmar Securities, LLC of New York to raise $ 40 million Cdn for the acquisition and development of critical metals projects. Kenmar Securities, LLC, is a Delaware limited liability corporation and SEC registered securities broker dealer and FINRA member.

The Advisor will assist the Company in analyzing its business, operations, properties, financial condition and prospects, prepare suitable marketing materials, contact any potential partner companies, assist and advise the Company with respect to the financial form and structure of any potential transaction.

Government Support for Critical Minerals Supply Chain Development

Lomiko has been monitoring emerging legislation aimed at reducing dependence on Chinese supply of graphite, lithium and other electric vehicle battery materials.  100% of graphite is currently imported to the United States as there is no domestic graphite mines able to produce material for graphite anodes used in Electric Vehicles.  Please also refer to news release September 9, 2020 and October, 7 2020 related to changing government policies regarding critical minerals.

US Election Bonus for Critical Minerals Companies 

In a boon for the critical minerals mining industry, President-elect Joe Biden’s committed to a historic investment in clean energy and innovation, developing rigorous new fuel economy standards aimed at ensuring 100% of new sales for light- and medium-duty vehicles will be zero emissions and annual improvements for heavy duty vehicles.

Biden will invest $400 billion over ten years, as one part of a broad mobilization of public investment, in clean energy and innovation.  The funds will accelerate the deployment of clean technology throughout the US with a target of reducing the carbon footprint of the U.S. building stock 50% by 2035.  The new government will work with governors and mayors to support the deployment of more than 500,000 new public charging outlets by the end of 2030.

Lomiko’s Opportunity in the Critical Minerals Supply Chain

Graphite demand is expected to increase exponentially for natural graphite material, as more is used in the production of spherical graphite for graphite anodes of Electric Vehicle Lithium-ion batteries.

With a completion of $ 750,000 financing October 23, 2020, and a further $985,000 completed December 22, 2020, Lomiko plans to work on its near-term goals of the company are as follows:

1) Complete 100% Acquisition of the La Loutre Property, currently 80% owned by Lomiko Metals.

2) Complete metallurgy and graphite characterization to confirm li-ion anode grade material.

3) Complete a Technical Report to confirm the extent of the mineralization equals or surpasses the nearby Imerys Mine, owned by international mining conglomerate.

A “technical report” means a report prepared and filed in accordance with this Instrument and Form 43-101F1 Technical Report, and includes, in summary form, all material scientific and technical information in respect of the subject property as of the effective date of the technical report;

4) Complete Preliminary Economic Assessment (PEA)

A PEA means a study, other than a pre-feasibility or feasibility study, that includes an economic analysis of the potential viability of mineral resources.

For more information on Lomiko Metals, Promethieus, review the website at www.lomiko.com, and www.promethieus.com, contact A. Paul Gill at 604-729-5312 or email: [email protected]

On Behalf of the Board

“A. Paul Gill”

Director, Chief Executive Officer

Lomiko $LMR.ca Hires SGS Canada For Metallurgical Process Development and Graphite Characterization $CJC.ca $SRG.ca $NGC.ca $LLG.ca $GPH.ca $NOU.ca

Posted by AGORACOM-Eric at 9:21 AM on Friday, December 18th, 2020

Vancouver, B.C., Nov. 24, 2020 (GLOBE NEWSWIRE) — Lomiko Metals Inc. (“Lomiko”) (TSX-V: LMR, OTC: LMRMF, FSE: DH8C) is focused on the exploration and development of flake graphite in Quebec for the new green economy.  Lomiko is pleased to announce the Lomiko Technical, Safety and Sustainability Committee (“LTSSC”) has recommended the acceptance of a Proposal by SGS Canada Inc. to conduct a Metallurgical Process Development Program to the Board of Directors.  This Program has been accepted and approved by the Lomiko Board.

SGS Metallurgical Process Development Plan

Lomiko plans to ship four composites weighing 30 – 35 kg each consisting of high-grade and low-grade samples from the Refractory and the Graphene Battery mineralized zones will be shipped to SGS in Lakefield.  The main scope of the work program includes:

  • Sample Preparation
  • Chemical Characterisation
  • Comminution Testing
  • Flowsheet Development
  • Environmental Testing

The samples will be stage-crushed in a series of jaw and cone crushers to minimize the risk of flake degradation and fines generation.  Samples will be extracted for comminution testing, chemical characterization, and the generation of two Master composites.

Bond ball mill grindability tests will be carried out to establish grinding energy requirements to assist in the design of the preliminary comminution circuit.

Scoping level flowsheet development testing will be carried out on the two Master composites to establish a conceptual flowsheet.  The primary objectives of the flowsheet development program are to maximize the graphite recovery into a flotation concentrate while minimizing flake degradation. The final concentrates will be subjected to size fraction analyses to determine the flake size distribution and total carbon grade profile of the two mineralized zones.

The high-grade and low-grade samples of the two mineralized zones will be subjected to variability flotation testing using the flowsheet and conditions that were developed for the two Master composites. Since a flowsheet must be able to treat all domains encountered in a deposit, these variability tests serve the purpose of assessing the robustness of the proposed flowsheet.

Static geochemical tests will be carried out to assess the acid-generating potential of the La Loutre tailings with and without a sulphide rejection circuit.

Lomiko’s Near Term Goals

Graphite demand is expected to increase exponentially for the mined natural graphite material, as more is used in the production of spherical graphite for graphite in the anode portion of Electric Vehicle Lithium-ion batteries.

Lomiko completed a $ 750,000 financing October 23, 2020 and plans to work on its near-term goals:

1) Complete 100% Acquisition of the Property, currently 80% owned by Lomiko Metals.

2) Complete metallurgy and graphite characterization to confirm li-ion anode grade material.

3) Complete a Technical Report to confirm that the extent of the mineralization equals or surpasses the nearby Imerys Mine, owned by international mining conglomerate.

A “technical report” means a report prepared and filed in accordance with this Instrument and Form 43-101F1 Technical Report, and includes, in summary form, all material scientific and technical information in respect of the subject property as of the effective date of the technical report;

4) Complete Preliminary Economic Assessment (PEA)

A PEA means a study, other than a pre-feasibility or feasibility study, that includes an economic analysis of the potential viability of mineral resources.

For more information on Lomiko Metals, Promethieus, review the website at www.lomiko.com , and www.promethieus.com , contact A. Paul Gill at 604-729-5312 or email: [email protected]

On Behalf of the Board

“A. Paul Gill”

Director, Chief Executive Officer