Renforth releases Victoria sampling program results

Executive Summary

• Renforth Resources Inc. reports results from a systematic platinum group metal (PGM) sampling program on existing drill core at its Victoria deposit in Quebec, confirming a deposit-wide presence of platinum and palladium within the ultramafic horizon.
• The program achieved a 91% detection rate for combined Pt+Pd across 99 samples, with a positive correlation observed between PGM values and nickel grades, suggesting PGMs are hosted within the pentlandite-bearing ultramafic mineralization.
• These results support the inclusion of PGMs in a future updated mineral resource estimate (MRE) and highlight the strategic value of the deposit as a source of critical minerals in an allied jurisdiction, though no economic analysis of PGM recovery has been completed.

Key Details

• Sampling Program Scope: 99 samples selected from existing half-core across nine drill holes spanning a 2.5-kilometer strike length of the Victoria deposit.
• Detection Rate: 90 of 99 samples returned detectable combined Pt-plus-Pd values (91% detection rate).
• Geological Correlation: Positive correlation observed between combined Pd-plus-Pt values and nickel grade; samples with Pd-plus-Pt values at or above the dataset mean were predominantly associated with nickel grades above 1,500 ppm (0.15%).
• Current Mineral Resource Estimate (MRE):
  • Volume: 125 million tonnes.
  • Grades: 0.12% Ni, 0.02% Cu, 0.01% Co, 0.08% Zn, 0.38 g/t Ag.
  • Nickel Equivalent: 0.15% NiEq.
  • Contained Metal: 413 million pounds NiEq.
• Processing Implication: PGMs are hosted in the same ultramafic horizon as nickel and cobalt, meaning they would report to the same concentrate stream as the nickel sulphide fraction, requiring no separate mining or processing circuit.
• Strategic Context: Victoria is a 100%-Canadian-owned asset in Quebec, providing a source of critical minerals (Ni, Co, Cu, Zn, PGMs) in an allied jurisdiction, distinct from concentrated global supplies in Russia and South Africa.
• Next Steps: Results will be incorporated into the database for an updated MRE, anticipated after completion of additional drilling, including a planned 1,000-meter drill program currently under permitting.
• Disclaimer: No economic analysis of PGM recovery has been completed; PGM grades are low relative to primary PGM deposits, but they may contribute as byproduct credits in future assessments.

Notable Quotes

• "The near-universal detection of Pt and Pd across 90 of 99 samples from the ultramafic horizon... confirms that PGM presence is a deposit-wide characteristic of the Victoria mineralization rather than an isolated occurrence."
• "The significance of these results lies in the consistency of PGM presence across the deposit and the potential for PGMs to contribute as byproduct credits in any future economic assessment of the Victoria deposit."