Business
8% increase in average AuEq grade to 0.7g/t
Fulcrum Metals PLC has announced an 8% increase in the average gold-equivalent grade to 0.701 g/t at its Teck Hughes Tailings Project in Kirkland Lake, Ontario, based on 94 completed auger holes. This updated grade includes 0.65 g/t gold, 0.71 g/t silver, 16.51 g/t gallium, and 13.38 g/t tellurium, with the best hole assaying 1.68 g/t AuEq over 0.8 metres and the deepest hole reaching 12.4 metres. The company is continuing with Phase 3 metallurgical testing using cyanide-free technology, with results expected by the end of Q1 2026, which will form the basis for a Mineral Resource Estimate and Pre-Feasibility Study. Disclaimer*
About this update from Fulcrum Metals Plc
[{"type":"text","content":"\n\n \nTHIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF EU REGULATION 596/2014 (WHICH FORMS PART OF DOMESTIC UK LAW PURSUANT TO THE EUROPEAN UNION (WITHDRAWAL) ACT 2018) (\"UK MAR\").\n \nFulcrum Metals plc / EPIC: FMET / Market: AIM / Sector: Mining\n \n \n27 January 2026\n \n \nFulcrum Metals plc\n(\"Fulcrum\" or the \"Company\" or the \"Group\")\n \nFulcrum reports an 8% increase in average gold equivalent grade to 0.7 g/t at the Teck Hughes Tailings Project\n \nFulcrum Metals plc (AIM: FMET), a company pioneering the application of innovative cyanide-free technologies to recover precious and critical metals from mine waste, is pleased to report a notable 8% increase in gold-equivalent grade (\"AuEq\") to 0.701 g/t Au across 94 of the 159 auger holes completed at the Teck Hughes Tailings Project in Kirkland Lake, Ontario in Canada.\nHighlights\n \n· Increase in average grades to 0.701 g/t AuEq from surface, based on: -\no 0.65 g/t gold ($4,700/ounce)\no 0.71 g/t silver ($90/ounce)\no 16.51 g/t gallium (CNY 1740/kg)\no 13.38 g/t tellurium (CNY 780/kg)\n· Best hole to date of 1.08g/t AuEq over 4.75 metres\n· Best drill intersection to date of 1.68 g/t AuEq over 0.8 metres\n· Deepest hole to date of 12.4 metres\n· 0.701g/t AuEq average grade may be diluted by additional holes being drilled to test the boundary contact of the tailings\n \nRyan Mee, Chief Executive Officer of Fulcrum, commented:\n \n\"We are encouraged by the 8% increase in the gold equivalent grade to over 0.7g/t at the Teck Hughes tailings project, especially with gold now above US$4,900/oz. The increased grade, with the excellent Extrakt phase 3 test preliminary leaching results released in December significantly enhance the economic potential of the Teck Hughes tailings project.\n \nFulcrum Chairman Mitchell Smith and Andrew Kane (Principal of Kane Associates Ltd) joined me in our recent visit to Canada and the US to meet our project stakeholders and partners including Extrakt and its Alliance partners, to ensure alignment of scope through 2026.\n \nI look forward to updating shareholders through Q1 2026 on the completion of the phase 3 test work with Extrakt, the full set of ass...