Coniagas Battery Metals is actively applying for permits to expand the near-surface mineral resources at the Graal project in Quebec. This strategic move aims to further delineate the resource potential and enhance the project's economic viability, as revealed by CEO Frank Basa in a recent announcement.
The Graal project has confirmed an open-pit deposit model along a 6 km strike length, featuring high-grade nickel and copper with cobalt, platinum, and palladium byproducts. The company plans to conduct additional drilling in the near term, which will lead to the production of a NI 43-101 resource report. This report is crucial for assessing the project's full potential and securing investor confidence.
Basa highlighted that the company is building on excellent drilling results from the MHY and Gravi zones, confirming shallow, near-surface mineralization. Noteworthy drill intercepts include 28.90 meters of 2.28% CuEq, encompassing 0.73% Nickel, 0.41% Copper, 0.09% Cobalt, 0.04 g/t Platinum, and 0.05 g/t Palladium. These results underscore the significant potential of the Graal property to host valuable nickel, copper, and cobalt mineralization.
The ongoing and planned exploration activities aim to enhance the resource base and support the project's economic feasibility. This positions Coniagas Battery Metals for future growth and development, making it a company to watch in the battery metals sector. As the world pivots towards renewable energy and electric vehicles, the demand for these metals is expected to rise, making the Graal project increasingly important.
