Letain Nickel Project

Located 70 km east-southeast of Dease Lake, British Columbia, within the Cache Creek Terrane.
Option to acquire 100% ownership following completion of remaining agreement conditions.
Hosts nickel-bearing awaruite (Ni-Fe alloy) mineralization in serpentinized peridotite and dunite.
Historical rock sampling returned up to 0.25% Ni (1,700–3,800 ppm Ni).
Exhibits geological similarities to FPX Nickel’s Decar Deposit, noted for magnetically recoverable nickel.
Supported by a NI 43-101 Technical Report authored by J.T. Shearer, M.Sc., P.Geo. (2021).

Regional Context

Letain lies within the Cache Creek Terrane, bounded by the Thibert Fault to the north and the Kutcho Fault to the west, and displaced by the King Salmon Fault to the south. This geological setting is analogous to other ultramafic-hosted nickel systems in British Columbia.

Importantly, the Letain Project shares geological similarities with the Decar Nickel Deposit (FPX Nickel Corp.), located 70 km northwest of Fort St. James, BC, which hosts magnetically recoverable awaruite nickel—a form that can be upgraded without pyrometallurgical smelting.

Geology and Mineralization

The property hosts disseminated awaruite (Ni-Fe alloy) mineralization within peridotite and dunite, with several zones containing fine to coarse alloy grains. Surface sampling has returned average grades of approximately 0.25% nickel, with rock chip assays ranging from 1,700 to 3,800 ppm Ni, 1,000–3,000 ppm Cr, and 100–150 ppm Co.

Two principal forms of awaruite mineralization are present:

The peridotite is highly differentiated, with porphyritic, sheared, and brecciated textures and local concentrations of magnetite, chromite, picrolite, and lizardite. Sampling delineated a 1.1 km discontinuous ridge zone containing coarse-grained awaruite exposed between 1,700 and 2,050 meters elevation.

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