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First Atlantic Nickel Reports Highest Awaruite (Nickel-Iron-Cobalt Alloy) DTR Grades and Recovery to Date From Expansion Drilling at Pipestone XL Nickel Alloy Project
Hole AN-25-10 Delivers Highest DTR Nickel Grade and Magnetic Concentrate Performance at RPM Zone;...
About this update from First Atlantic Nickel & Cobalt Corp.
[{"type":"text","content":"First Atlantic Nickel Reports Highest Awaruite (Nickel-Iron-Cobalt Alloy) DTR Grades and Recovery to Date From Expansion Drilling at Pipestone XL Nickel Alloy Project\n\n\n\n\n Hole AN-25-10 Delivers Highest DTR Nickel Grade and Magnetic Concentrate Performance at RPM Zone; Company Plans to Announce Additional Drilling Around Hole 10 with Optimized Drilling Designed to Continue Eastward Expansion Toward Chrome Pond\n \n\n\n GRAND FALLS-WINDSOR, Newfoundland and Labrador, Dec. 02, 2025 (GLOBE NEWSWIRE) -- First Atlantic Nickel Corp. (TSXV: FAN) (OTCQB: FANCF) (FSE: P21) (\"First Atlantic\" or the \"Company\") is pleased to announce Davis Tube Recovery (“DTR”) metallurgical results from Phase 2X drill holes AN-25-09 and AN-25-10 at the RPM Zone within its Pipestone XL Nickel Alloy Project in central Newfoundland. Hole AN-25-10 has returned the highest magnetically recoverable nickel grades and recovery to date at the RPM Zone, averaging 0.15% DTR Ni over 228 meters from 0.22% total nickel, with 68.62% magnetic recovery. This is calculated from 1.44% nickel in magnetic concentrate with a 10.48% mass pull. The hole, positioned 200 meters east of the Company's previous best result (AN-24-04: 0.14% DTR Ni over 366 meters), confirms that eastward expansion drilling toward Chrome Pond continues to deliver above average results. The hole ended in mineralization at 233 meters after encountering a clay-filled fault zone, and the Company plans to announce additional drilling around Hole AN-25-10, with optimized drilling designed to penetrate deeper and continue the eastward expansion.\n \n\n Hole AN-25-10 intersected the highest-grade intervals to date at the RPM Zone, including 0.17% DTR Ni from 8 meters to 59 meters (51 meters) and 0.16% DTR Ni from 215 meters to 236 meters (21 meters), with up to 2.08% nickel in magnetic concentrate and 99.8% nickel recovery reported from whole rock assay grades which averaged 0.22% nickel over the entire hole. The Company's current metallurgical program is based on magnetic separation prior to flotation, leveraging awaruite's unique magnetic properties. The average 10.48% mass pull further demonstrates that magnetic separation can reduce the starting rock volume by approximately 90%, concentrating the recoverable nickel into just 10% of the starting mass prior to flotation. The high 68.62%...