First Atlantic Nickel Announces Promising Metallurgical Test Results from Atlantic Nickel Project
VANCOUVER, British Columbia, March 13, 2025 – First Atlantic Nickel Corp. (TSXV: FAN) (OTCQB: FANCF) (FSE: P21) (“First Atlantic” or the “Company”), a leading nickel-chrome exploration and development company, is thrilled to share initial Davis Tube Recovery (DTR) metallurgical test results from drill hole AN-24-02 at the RPM Zone of its 100%-owned Atlantic Nickel Project in central Newfoundland. These encouraging test results underscore the project’s potential to deliver significant nickel and chromium concentrates.
Detailed Metallurgical Testing
The DTR testing, conducted by SGS Canada Inc., yielded a magnetic concentrate averaging 1.37% nickel and 1.73% chromium across the entire 383.1-meter length of drill hole AN-24-02. This length encompassed all 133 drill core samples. The high-grade concentrates suggest a potentially profitable mining operation, as nickel and chromium are essential components in various industries, including stainless steel production, aerospace, and batteries.
Significance for First Atlantic
First Atlantic’s successful metallurgical testing results from AN-24-02 represent a significant milestone in the development of the Atlantic Nickel Project. These findings validate the Company’s belief in the potential economic viability of the RPM Zone, further strengthening its commitment to advancing the project towards production. The Company plans to continue its exploration efforts, focusing on expanding the mineral resource base and optimizing the metallurgical recoveries.
Impact on Global Market
The nickel and chromium concentrates produced from the Atlantic Nickel Project could contribute significantly to the global supply of these essential metals. The increasing demand for nickel and chromium in various industries, particularly in the production of electric vehicles and stainless steel, positions First Atlantic’s project to make a meaningful impact on the global market. The successful metallurgical test results from AN-24-02 are a promising sign for investors and stakeholders, as they suggest a potential source of high-grade concentrates that can meet this growing demand.
Conclusion
First Atlantic Nickel Corp.’s initial DTR metallurgical test results from drill hole AN-24-02 at the RPM Zone of its Atlantic Nickel Project demonstrate the potential for high-grade nickel and chromium concentrates. These findings further validate the project’s economic viability and strengthen the Company’s commitment to advancing the project towards production. The successful test results also position First Atlantic to contribute significantly to the global supply of nickel and chromium, making it an attractive investment opportunity for stakeholders and investors.
- First Atlantic Nickel Corp. announces promising DTR metallurgical test results from drill hole AN-24-02 at the RPM Zone of its Atlantic Nickel Project.
- The tests yielded a magnetic concentrate averaging 1.37% nickel and 1.73% chromium across the entire length of the drill hole.
- These findings validate the economic viability of the RPM Zone and strengthen First Atlantic’s commitment to advancing the project towards production.
- The high-grade concentrates from the Atlantic Nickel Project could significantly contribute to the global supply of nickel and chromium.
- The increasing demand for nickel and chromium in various industries, including electric vehicles and stainless steel, positions First Atlantic’s project to make a meaningful impact on the global market.
