Flying Nickel updates Minago resource, including first PGM estimate

Tama Atacama is one of the largest lithium brine projects in South America, covering about 1,200km2 across three Chilean salt flats.

The PEA outlined a long-life gold-silver mine operation with strong economics, including an after-tax net present value of C$454 million.

Highlights of the results include 3 metres grading 1.8% lithium oxide.

The Saudi Arabian Mining Company said it had discovered multiple gold deposits south of its existing Mansourah Massarah gold mine.

The Berg property comprises nearly 350 sq. km. of land and is adjacent to Surge's remaining mineral claims in BC.

The update extends the mine's life well into 2028, far beyond its original 12-year expectancy that was supposed to end in 2020.

Proceeds will be used to fund its growth strategy, exploration, advance its Dugbe gold project in Liberia, and boost its balance sheet.

The $1.4 million private placement gives Agnico a 10.9% holding in FireFox.

Highlights include drill hole KBDD23536 in Boomerang Deep, which cut 9 metres grading 9.29 grams gold per tonne.