RE:PEA “Whether an economic size and grade of deposit can be developed from the CUC will be predicated largely on the success of metallurgical testwork and the price of nickel and other recoverable metals. The Crawford Nickel Sulphide Project is still at an early stage, but initial metallurgical work and mineralogical studies have shown that the nickel contained within the serpentinized ultramafic rocks of the CUC can be liberated. Critical to the success of this project is completing further thorough metallurgical test work to determine if the nickel could be economically extracted”. Ausenco July 9 2021 NI-4310 and Preliminary Economic Assessment pg. 345.