First Atlantic Nickel Reports Initial Phase 2 Drill Results: Deepest Drill Hole to Date at RPM Zone Returns 1.27% Awaruite Nickel Alloy (Ni₃Fe) in Magnetic Concentrate Over 447 Meters
First Atlantic’s AN-25-06 hit 447.35m at 1.27% Ni, 1.69% Cr (mag conc), expanding RPM Zone eastward; recovery up to 81.4% via DTR.
How could this drill result impact the company's future financing needs or capital allocation decisions?
What are the potential risks or uncertainties associated with further drilling phases or resource delineation in the RPM Zone?
How might this news influence demand from downstream nickel alloy consumers, particularly those seeking awaruite (Ni₃Fe) alloys?
28 days ago