EV Nickel drills 12 m of 0.36% Ni at Shaw Dome

Executive Summary

• EV Nickel Inc. released assay results from 15 diamond drill holes at its Shaw Dome project, confirming a western extension of the Gemini North nickel zone and identifying significant mineralization in the CarLang C area.
• The drilling extended the interpreted strike length of the Gemini North host body to approximately 750 metres, with all 10 holes in the western extension phase intersecting nickel mineralization.
• Preliminary metallurgical tests indicate the Gemini North mineralization has improved recovery potential via sulphide flotation, and a preliminary mineral resource estimate is anticipated for release in Q1 2026.

Key Details

• Drilling Program Overview: 15 diamond drill holes completed; 14 of 15 intersected nickel mineralization in dunite and peridotite host rocks.
• Gemini North Western Extension:
  • 10 holes drilled to test the western extension.
  • All 10 holes intersected nickel mineralization.
  • Extended mineralization approximately 300 to 350 metres west of previous results.
  • Increased interpreted strike length of the dunite/peridotite body to ~750 metres east-to-west.
  • Notable High-Grade/Sulphide Intercepts:
    • EV25-GN22: 6.0 metres at 0.37% Ni and 0.25% S.
    • EV25-GN15: 3.0 metres at 0.44% Ni and 0.10% S.
• CarLang C Regional Drilling:
  • 5 holes drilled on eastern/southern margins of Gemini North and eastern CarLang C.
  • 4 of 5 holes intersected broad zones of nickel mineralization (0.22% to 0.27% Ni).
  • Significant Intercepts:
    • EV25-CAR12: 73.5 metres at 0.25% Ni and 0.21% S.
    • EV25-CAR11: 114.0 metres at 0.27% Ni and 0.07% S.
    • EV25-CAR14: 16.5 metres at 0.30% Ni and 0.05% S.
  • Hole EV25-CAR13 intersected a thick sequence of iron formation, interpreted as the source of a magnetic anomaly.
• Metallurgy & Resource Estimate:
  • Preliminary metallurgical test work shows Gemini North responds better to sulphide flotation than similar deposits, offering improved recovery and processing simplicity.
  • Preliminary mineral resource estimate for Gemini North anticipated for release later this quarter (Q1 2026).
• Administrative Note: The company granted 272,728 Restricted Share Units (RSUs) to directors, vesting in equal tranches over 12, 24, and 36 months.

Notable Quotes

• "Continuing to confirm the large-scale nickel potential of the Gemini North and CarLang C zones, EVNI is uniquely positioned to take advantage of increasing nickel prices given the balance of both large-scale and higher-grade nickel mineralization," said Paul Davis, vice-president of exploration.
• "Preliminary metallurgical test work indicates that the nickel mineralization associated with Gemini North responds better to sulphide flotation than other similar deposits, offering improved recovery potential and processing simplicity."