Nuvau Minerals talks 2025 work, 2026 plans

Executive Summary

• Nuvau Minerals provided a strategic update highlighting 2025 exploration successes and outlining its 2026 plan to advance toward a near-term production restart at its Matagami property in Quebec.
• The company successfully completed an earn-in process with Glencore, triggering the transfer of the 100% interest in the Matagami property, with the final transfer expected by February 27, 2026.
• Significant exploration results were reported, including a new orogenic gold system discovery at Bracemac, expanded VMS mineralization at the Renaissance and McLeod zones, and high-grade base metal intercepts at the Caber complex.

Key Details

• Earn-in Agreement Update:
  • On January 28, 2026, Nuvau, Nuvau Minerals Corp., and Glencore Canada Corp. entered into a second amended and restated earn-in agreement.
  • Nuvau has satisfied all work requirements to earn a 100% interest in the Matagami property.
  • Technical amendments were agreed upon to address regulatory considerations, financial assurance replacements, and permit transfers.
  • Nuvau agreed to guarantee certain deferred obligations under the agreement.
  • The earn-in must be completed by no later than February 27, 2026.
• 2025 Exploration Results:
  • Bracemac Gold Discovery: A new prospective gold horizon was discovered immediately east of the Bracemac mine within a tonalite intrusive.
    • First drill hole (BRCG-25-01) intersected visible gold in quartz veining: 8.87 g/t gold over 1.05 metres, including 16.02 g/t gold over 0.55 metres.
    • Follow-up drilling confirmed continuity of a broad, near-surface mineralized system.
  • McLeod Extension: Seven new intersections identified from 5,526 metres of drilling (2024-2025).
    • Notable intercept: 15.30 metres grading 2.92% Cu, 15.32% Zn, 0.39 g/t Au, and 98.16 g/t Ag.
  • Renaissance Zone: 27 holes drilled following the 2023 VMS discovery; 16 holes contained semi-massive to massive sulphide mineralization. Additional VMS mineralization discovered at the PD1-East target.
  • Caber Complex: Successful drilling program completed to increase drill density for an updated Mineral Resource Estimate (MRE), returning numerous high-grade intercepts.
  • Gold-in-Till Anomaly: Sonic drilling program identified a significant gold grain anomaly with >2,000 gold grains per 10 kg of material in an underexplored area. Supported by a near-contiguous sample with 295 gold grains in hole PD-23-030s.
• 2026 Strategic Focus:
  • Large-scale exploration program planned, targeting high-quality gold and base metal targets, including the Daniel 25 VMS area and untested geophysical anomalies.
  • Gold exploration to focus on the gold-in-till anomaly area, the Thunder mine target, and the footwall gold occurrence at Bracemac.
  • All permits received for the expected 2026 exploration program.
  • Plans to update Mineral Resource Estimates for Caber complex, Bracemac-McLeod, and Renaissance.
  • Anticipated update to the previously completed Preliminary Economic Assessment (PEA) to include additional resources and updated economics/mine plans.
  • Permitting initiatives continuing to prepare for the restart of mining operations.

Notable Quotes

• "We went public in late 2024 with a mandate to increase base metal resources, initiate gold-focused exploration that has been overlooked on our large-scale property and accelerate work toward restarting mining operations... With extensive existing processing and permitted mining operations, the Matagami property truly represents a near-term production opportunity with limited start-up capital." — Peter van Alphen, President and CEO
• "This work sets the groundwork for an updated mineral resource estimate on the property, updated economic studies and advancing the completion of the earn-in from Glencore." — Peter van Alphen, President and CEO