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Alaska Energy Metals Corp V.AEMC

Alternate Symbol(s):  AKEMF

Alaska Energy Metals Corporation is focused on delineating and developing the large-scale, bulk tonnage, polymetallic Eureka deposit containing nickel, copper, cobalt, chromium, iron, platinum, palladium, and gold. The Company’s flagship project, Nikolai, is located about 80 kilometers (km) south of the town of Delta Junction, on the southern flank of the Alaska Range. The Nikolai project hosts Ni-Cu-Co-Cr-PGE mineralization. Two separate, adjacent claims blocks encompass the Nikolai project. The Eureka claim block consists of about 106 State of Alaska mining claims (6,863 hectares (ha)). The Canwell claim block consists of about 59 State of Alaska mining claims (3,820 ha). In total, the Nikolai project covers about 10,683 ha. It also holds a secondary project, Angliers-Belleterre, in western Quebec. The Angliers Project is located within the Angliers and Belleterre townships in the Temiscamingue region of western Quebec. The Angliers Project covers an area of about 26,417.4 ha.


TSXV:AEMC - Post by User

Post by geolteacheron Mar 17, 2024 2:34pm
170 Views
Post# 35937362

this is one to watch!

this is one to watch!The winter MRE reduces strip ratio a LOT, and mentions a high-grade core. After this year's drilling and mineral processing work, should be a interesting PEA in 2H 2025.

not sure about the Cu. If you assume Ni sells for 3x Cu, and look at the MRE, the project is about 12:1 Ni:Cu. Extracting the Cu requires processing chalcopyrite and dealing with a sulfide waste.

2022 work showed about 75-80% of the Ni is in pentlandite, which comprises about 1/2 % of the deposit. I wonder if they could ore sort at site and send a pentlandite concentrate to smelter? Mineral processing's not my expertise.
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