"These Ni-Cu-(PGE) deposits are of the volcanic-peridotite association type, and similar in all respects to Kambalda type deposits in Australia. Typically the massive sulphide portions of the deposits are small to medium sized with high nickel contents and additional credits for copper, cobalt, gold and platinum group elements. Stratigraphically above the massive sulphide mineralization, large volumes of net-textured and disseminated sulphide mineralization occur. These types of sulphide mineralization also contain nickel, with credits for copper, cobalt and platinum group elements. The value of the contained nickel provides the bulk (75-90%) of the “gross metal value” in the three types of sulphide mineralization.

The Langmuir property is an advanced exploration property. There is an aggregate inferred resource of 1,017,400 tonnes grading 1.38% Ni with unknown contents of copper, cobalt and platinum group element at four underground locations. Also, previous operators of the property defined nine geochemical anomalies and five geophysical anomalies associated with favourable lithologies that are un-tested and represent excellent exploration targets. The targets have the potential to host additional quantities of massive, net-textured and disseminated potentially economic nickel mineralization"