Total measured and indicate resources now stand at 657 million tonnes grading 0.26% nickel for 1.7 million tonnes of contained nickel, a 9% increase from the previous estimate.

Study on the project in the Red Lake district has defined a 7-year, 1,315 t/d underground operation.

With rising prices, a favourable supply-demand outlook and few new mines in development, investors are paying close attention to copper.

The optioned mineral claims are located next to FPX Nickel's Decar project.

Company expects to produce about 2.5 million gold equivalent ounces annually from 2020–2029.