Inomin Drilling Intersects 161.5 Metres Grading 0.19% Nickel, 0.011% Cobalt, 0.36% Chromium, and 22.7% Magnesium Starting 30 Metres from Surface
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The November 26, 2025 news release provides the first analytical results from the 2025 diamond drilling program at the Beaver-Lynx nickel project in British Columbia. The release covers the first three holes of a thirteen-hole, 3,361.8-metre program funded by Inomin's partner, Sumitomo Metal Mining Canada Ltd.
Key intercepts include: - Hole B25-01: 161.5 metres grading 0.19% nickel (Ni), 0.011% cobalt (Co), 0.36% chromium (Cr), and 22.73% magnesium (Mg) starting from 30 metres depth. - Hole B25-02: 123.0 metres grading 0.19% Ni, 0.011% Co, 0.42% Cr, and 23.91% Mg from 63 metres depth. - Hole B25-03: 148.1 metres grading 0.20% Ni, 0.012% Co, 0.38% Cr, and 21.43% Mg from 99 metres depth.
The results confirm substantial, near-surface, polymetallic mineralization. Analytical results for the remaining ten drill holes are pending, as are results for gold, platinum, palladium, and partial digestion analyses to determine the sulphide nickel content.
This news is materially positive as it provides the first quantitative validation of the exploration model since securing the pivotal earn-in and joint venture agreement with Sumitomo Metal Mining. The historical news progression shows a company transforming from a self-funded micro-cap to a partner-funded explorer, a significant de-risking event that was formalized in May 2025.
- Expectations Met: The November 4, 2025 release noted the completion of the drill program and that all holes intersected the target serpentinized ultramafic rock. Today's assay results confirm that this target rock is indeed mineralized over very long intervals, meeting the expectations set by the prior announcement.
- Confirmation of Thesis: The long, consistent, near-surface intercepts support the company's thesis of a large, bulk-tonnage nickel system amenable to open-pit mining. While the nickel grades of ~0.20% are low-grade, they are significant given the widths and shallow depths.
- Partner Validation: These positive initial results validate Sumitomo's decision to fund the $1.7 million program and earn into the project. This provides a solid foundation for continued exploration and strengthens the partnership.
- Context of Recent Events: The company has recently streamlined its focus by agreeing to sell its Mexican assets for USD$350,000 (October 28, 2025), providing non-dilutive capital for general expenses. The stock price rallied from $0.05 to $0.12 in October in anticipation of these drill results. The current results provide fundamental support for this price appreciation and reduce the risk of a "sell the news" event based on poor results.
The key uncertainty remains the nickel mineralogy. The release states the reported nickel grade includes both silicate and sulphide forms. The economic viability of such a deposit is heavily dependent on the proportion of easily recoverable sulphide nickel. The pending partial digestion results will be a critical, value-defining catalyst.
Inomin Mines Inc. is a Canadian junior exploration company focused on its flagship Beaver-Lynx project in south-central British Columbia. The project is prospective for nickel, cobalt, chromium, and magnesium. It covers approximately 28,000 hectares, is 100% owned, and importantly, is royalty-free. Its strategic location adjacent to Taseko Mines' large, operating Gibraltar copper mine provides excellent infrastructure including roads, power, and rail. The company is currently divesting its secondary gold-silver assets in Mexico to focus solely on Beaver-Lynx.