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transition.inc Announces Updated Mineral Resource Estimate for the Aurora Nickel Project,- 10.5M tonnes at an Average 0.44% Ni grade- Near-Surface Mineralization, in Timmins, Ontario
TORONTO, ON / ACCESS Newswire / March 3, 2025 / Clean Energy Transition Inc. (TSX-V:TRAN) (" t...
About this update from Clean Energy Transition Inc.
[{"type":"text","content":"transition.inc Announces Updated Mineral Resource Estimate for the Aurora Nickel Project,- 10.5M tonnes at an Average 0.44% Ni grade- Near-Surface Mineralization, in Timmins, OntarioTORONTO, ON / ACCESS Newswire / March 3, 2025 / Clean Energy Transition Inc. (TSX-V:TRAN) (\"transition.inc\" or the \"Company\") is pleased to announce an updated Mineral Resource Estimate (\"MRE\") prepared in accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects (\"NI 43-101\") at its its wholly-owned Aurora Nickel Project, 25 kilometres southeast of Timmins, ON.The MRE contains an Indicated Mineral Resource of 10.5M million tonnes (\"Mt\") at an average 0.44% Ni grade. The Aurora Nickel Project, incorporates the Aurora North and Aurora South Deposits. The Aurora North contains an Indicated Mineral Resource of 8.5 Mt at an average 0.4% Ni grade, likely mined by open-pit and the the Aurora South contains an Indicated Mineral Resource of 2.0 million tonnes (\"Mt\") at an average 0.65% Ni grade, likely mined with an underground method.\"We are very pleased with this MRE and continue to believe that the Aurora Nickel Project has the potential to become an excellent low-carbon production opportunity,\" said Sean Samson. \"Recent political noise has led some to rethink the future market for critical metals like nickel but we believe that good grade, near surface nickel mineralization, located just outside Timmins will continue to be the type of opportunity the market will need. This week we will be reviewing these results in meetings with CarCos and investors, in Toronto for PDAC- the Prospectors and Developers conference\".Aurora Nickel ProjectIn 2024 transition.inc acquired a mining lease in Ontario (see news releases dated July 7 and November 12, 2024) which hosts the Aurora Nickel Project, incorporating the Aurora North and Aurora South Deposits. The Aurora Nickel Project's mining lease incorporates ~905 hectares. Aurora Nickel Project Mineral Resource EstimateMicon International Limited (\"Micon\") has completed an updated MRE for the Aurora Nickel Project.Table 1- Aurora Nickel Project Mineral Resource Statement The effective date of this Mineral Resource Estimate is March 3, 2025.The MRE presented above uses economic assumptions for both, surface mining and underground mining.The MRE has been classified in the ...