SPC completes airborne surveys, sampling at Muskox

Executive Summary

• SPC Nickel completed a comprehensive 2025 summer exploration program at its 100 %‑owned Muskox project, delivering the first modern MobileMT and EM surveys over the intrusion.
• The program added 65 km² of new claims and collected 85 surface samples, advancing geological understanding and positioning the company to define drill‑ready targets for the 2026 season.
• Historical high‑grade intercepts (e.g., 7.50 m @ 6.14 % Cu, 2.76 % Ni) underscore the project's discovery potential, with data integration and interpretation slated for Q4 2025.

Key Details

• Airborne MobileMT Survey: 1,020 km of lines flown; first comprehensive MobileMT over Muskox, targeting conductive zones along the 40‑km Keel zone and basal contact.
• Airborne EM & Magnetic Survey: 1,340 km of coverage over the main intrusion and feeder dike; first modern EM survey in >20 years, aimed at sulphide‑prospective zones.
• Field Program: Collected 85 surface samples (assay results pending); historic drill holes relogged and resampled; high‑priority showings revisited for mineralization control definition.
• Land Staking: 65 km² of new claims added, securing ground for both feeder‑style and contact‑style mineralization targets.
• Historical Drill Highlights:
• 7.50 m @ 6.14 % Cu, 2.76 % Ni, 9.06 g/t PGM (Silvermet, 2007)
• 13.74 m @ 5.04 % Cu, 2.21 % Ni, 5.63 g/t PGM (Equinox, 1987)
• Next Phase: Integration of MT, EM, and field data into SPC’s proprietary database to generate high‑quality drill‑ready targets; interpretation expected Q4 2025.
• Catalyst Timeline: Initial MT/EM interpretations slated for Q4 2025, providing near‑term technical news flow and supporting drill target definition for the 2026 season.

Notable Quotes

“This has been a transformative summer at Muskox… The work positions SPC Nickel at the forefront of exploring one of Canada’s most compelling magmatic copper‑nickel systems.” – Grant Mourre, CEO & President

Materiality Assessment: Non‑Material – Positive (operational progress and data acquisition that may lead to future drilling but no immediate financial impact).