High-power AEM Interpretation Highlights

Executive Summary

• Zeb Nickel Corp. released independent interpretation of its high‑power SpectremPlus™ AEM survey over the Zeb Nickel Project, identifying multiple coherent conductive anomalies that align with the company’s chonolith/feeder nickel‑sulphide model.
• Integration of AEM data with existing gravity and magnetic models has refined a focused corridor for potential sulphide mineralisation, de‑risking the target area ahead of drill testing.
• The company will next conduct ground‑based EM surveys to improve geometry, depth and conductance estimates before selecting initial drill locations.

Key Details

• Survey Scope: ~736 line‑kilometres flown at 150 m traverse spacing using Spectrem’s converted DC‑3 platform; capable of imaging conductive bodies to depths >700 m.
• Data Integration: AEM dataset merged with gravity and magnetic models, producing a 3‑D inversion that highlights laterally persistent conductors coincident with intrusive margins.
• Conductive Anomalies: Several discrete late‑time responses cluster along the edges of the ultramafic body (interpreted as a chonolith), matching expected locations for Ni‑Cu‑PGE sulphide traps.
• De‑risking Pathway: Planned follow‑up programme includes ground‑based moving‑loop and/or fixed‑loop EM surveys, downhole EM, and complementary techniques to refine target geometry, dip, strike and conductance.
• Operational Impact: Ground‑based work is expected to reduce false positives, sharpen drill vectors and improve capital efficiency by lowering the probability of unnecessary metres drilled.
• Next Milestones: Final processing of AEM data and full integration with gravity/magnetic datasets are anticipated by end of Q3 2025; a technical program update and drill‑target inventory will be released shortly thereafter.
• Regulatory/Mining Rights: Company is coordinating with the South African Mining department on awarding mining rights; successful award would trigger an extensive drill programme.
• Qualified Person: Richard Montjoie, VP Exploration (qualified under NI 43‑101), reviewed and approved all technical data.

Notable Quotes

“We’re encouraged that the Spectrem results further support our intrusion‑hosted chonolith/feeder model at Zeb. The conductive zones cluster along intrusive margins and align with magnetic and gravity shells, which is consistent with where our model anticipates potential sulphide traps.” – Richard Montjoie, VP Exploration

Materiality Assessment: Non‑Material – Positive (the update provides a favorable technical advancement but does not disclose new resources, financing, or definitive commercial outcomes).