Zeb Nickel receives mining right for Zeb project

Executive Summary

• Zeb Nickel Corp. has been granted and executed a 30-year mining right (LP30/5/1/2/2/10174MR) for its Zeb Nickel project in South Africa, covering 4,703.70 hectares.
• The mining right is currently undergoing post-execution formalities and is being submitted for registration at the mineral and petroleum title registration office in Pretoria.
• Exploration activities are advancing, with ground gravity and frequency domain electromagnetic surveys scheduled to commence shortly over two priority targets to refine conductor geometry and generate drill targets.

Key Details

• Mining Right Details:
  • Granting Authority: South African Department of Mineral and Petroleum Resources.
  • Right Holder: Lesego Platinum Uitloop Pty. Ltd. (project company for Zeb Nickel Corp.).
  • Right Number: LP30/5/1/2/2/10174MR.
  • Term: 30 years, expiring in 2055.
  • Area: 4,703.70 hectares.
  • Location: Portions of Bloemhof 4KS, Uitloop 3KS, Amatava 41KS, and Piet Potgietersrust town and townland 44KS farms in the Mogalakwena local municipality, Limpopo province, South Africa.
  • Status: Executed; post-execution formalities underway; pending registration at the title registration office in Pretoria.
• Exploration Updates:
  • Activity: Ground gravity and frequency domain electromagnetic surveys.
  • Scope: Two priority targets at the Zeb Nickel project.
  • Objective: Refine the geometry of identified conductors and generate decision-ready drill targets.
  • Next Steps: Company will provide an update on modelling outputs, drill limits, and timing following receipt of the contractor's report.
• Management Commentary:
  • Director John Zorbas stated the granting of the mining right "materially derisks Zeb Nickel" and positions the project to engage quality partners.
  • Immediate priority is completing the EM and gravity survey, associated modelling, and presenting a clear drill plan focused on highest-ranked targets.

Notable Quotes

• "The granting and execution of the mining right materially derisks Zeb Nickel by securing the right for 30 years and positions the project to engage quality partners as we advance. Our immediate priority is to complete the ground EM and gravity survey and associated modelling and present a clear, efficient drill plan focused on the highest-ranked targets. Registration formalities are in progress." — John Zorbas, Director