43-101 Pg 17, from Interpretations and Conclusion For anyone who has not had time browse through the report:
From Paragraph 4 and 5 of same section:
In 2019, Spruce Ridge commissioned a mineralogical study of ultramafic rock material collected
from drill core samples (2018 diamond drilling) in order to determine whether nickel (and other
elements) could be economically extracted... The pentlandite, which dominates the nickel-bearing mineral assemblage, is considered most promising for economic nickel extraction. Heazlewoodite, one of the most nickel rich sulphide (low) minerals, is generally thought to be of hydrothermal origin and contains potentially recovrable nickel.
Also, in 2019, Noble commissioned selective leach analytical tests on pulp samples from the 2018 diamond drilling program. All 2018 drill core samples...the average overall nickel liberation was 62%, and the average cobalt liberation was 77 percent.
Last paragraph:
It is the opinion of the Authors, that at this stage of the Project, there are no reasonably foreseen
contributions from risks and uncertainties identified in the Report that could affect the Project’s
continuance at its current stage of exploration.