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Drilling Commences at the Disko-Nuusuaq Project
80 Mile PLC has commenced drilling at its Disko-Nuussuaq nickel-copper-cobalt-PGE project in West Greenland, initiating its 2026 exploration campaign with two drill rigs targeting high-priority zones at Qullissat. The expanded programme now plans for up to 9,000 metres of drilling across multiple targets on Disko Island and the Nuussuaq Peninsula, fully funded as part of a US$30 million earn-in agreement with USFM Corporation, with 80 Mile retaining a 49% free carried interest. This represents the first systematic drilling campaign at the project, which covers approximately 3,020 square kilometres and is considered highly prospective for magmatic nickel-copper sulphide exploration. Disclaimer*
About this update from 80 Mile Plc
01 July 2026 Drilling Commences at the Disko-Nuusuaq Project Figure 1 - Sighting of drill rig by SRK Geologists 80 Mile PLC ('80 Mile' or the 'Company'), the AIM, FSE, and OTC listed exploration and development company with projects in Greenland, Finland and Italy, is pleased to announce that drilling has commenced at the Company's Disko-Nuussuaq nickel-copper-cobalt-PGE project in West Greenland ("Disko" or the "Project"), marking the start of the 2026 exploration campaign. Overview · Two drill rigs are now operating on site · Initially targeting high-priority zones at Qullissat, on Disko Island · Up to 9,000 metres of drilling planned during the 2026 field season following recent expansion of the programme · Drill programme will take place across multiple targets on both Disko Island and the Nuussuaq Peninsula · Fully funded exploration campaign forms part of the US$30 million earn-in agreement with USFM Corporation · 80 Mile retains a 49% free carried position while managing the exploration work Roderick McIllree, Executive Director, commented: "The commencement of drilling marks another important milestone for the Disko Project and follows months of planning, permitting and successful mobilisation. With two drill rigs now operating and an expanded 9,000-metre programme underway, we are entering what we believe will be a highly significant exploration season. "This programme is designed to systematically test some of the highest-priority nickel-copper-PGE targets identified across the Project and represents the first systematic drilling campaign to be undertaken at Disko. We look forward to updating shareholders as drilling advances and results are received." Further Information The 2026 programme represents the first systematic drilling campaign undertaken at the Project and follows the expansion of the planned programme from approximately 5,000 metres to 9,000 metres. The increased scope reflects the quality and number of priority targets generated through the integration of historical exploration data with modern geophysical interpretation. The drilling programme will initially target high-priority zones at Qullissat, on Disko Island, whe...