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Technical Study

First Atlantic Nickel Reports Highest Awaruite (Nickel-Iron-Cobalt Alloy) DTR Grades and Recovery to Date From Expansion Drilling at Pipestone XL Nickel Alloy Project

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By The Northwire Desk — AI Analysis Dec 02, 2025 · 06:07 FAN · 0.195 First Atlantic Nickel & Cobalt Corp.
Executive Summary

First Atlantic Nickel announced on December 2, 2025, the highest magnetically recoverable nickel grades to date from its Phase 2X expansion drilling at the Pipestone XL Nickel Alloy Project in Newfoundland.

Key results from the RPM Zone: - Hole AN-25-10: Intersected 228 meters grading 0.15% Davis Tube Recoverable (DTR) nickel from a total nickel grade of 0.22%. This represents a magnetic recovery of 68.62% and is the highest DTR grade and recovery performance reported by the company to date. The resulting magnetic concentrate graded 1.44% nickel. The hole ended in mineralization at 233 meters due to a fault. - Hole AN-25-09: Intersected 474 meters grading 0.08% DTR nickel. The company noted this hole was drilled with a sub-optimal westward orientation.

The company stated these results confirm that drilling eastward toward the Chrome Pond target delivers the best grades. Following the success of AN-25-10, additional drilling is planned to test deeper and continue the eastward expansion. The company also noted its metallurgical program has been expanded to assess chromium as a potential byproduct, with updates expected in early 2026.

Material Impact

The news is materially positive. The primary value driver for an awaruite nickel project is the magnetically recoverable (DTR) nickel grade, as this is the portion that can be concentrated using low-cost, low-energy methods. The 0.15% DTR nickel in hole AN-25-10 represents a meaningful improvement over the project's previously reported average DTR grades, which ranged from 0.11% to 0.14%.

FAN · Price
Company Overview

First Atlantic Nickel Corp. is a Canadian-based junior mineral exploration company focused on nickel. Its flagship asset is the 100%-owned Pipestone XL Nickel Alloy Project (formerly the Atlantic Nickel Project) in central Newfoundland. The project covers a 30-km long ultramafic complex prospective for awaruite, a naturally occurring, sulfur-free nickel-iron alloy (Ni3Fe). The company's central thesis is that awaruite mineralization can be processed via simple magnetic separation, eliminating the need for costly and carbon-intensive smelting and positioning it as a potential source of clean, ethically-sourced nickel for the North American electric vehicle and stainless steel industries. Exploration is currently focused on the RPM Zone, a large area of bulk-tonnage style mineralization discovered in late 2024.

Read the original news release →

More from First Atlantic Nickel & Cobalt Corp.

Aug 25, 2026 · 06:30

First Atlantic highlights smelter-free nickel at a defense conference, though the routine update limits potential upside for the project.

Production / Operations Jul 16, 2026 · 06:30

First Atlantic identifies a 525-metre visual awaruite zone extending the Alloy Max deposit, with assays pending to quantify grades.

Drill Results Jul 14, 2026 · 06:00

First Atlantic advances pilot-scale smelter-free awaruite processing, gaining ETF visibility as its project moves forward.

Other Jun 30, 2026 · 19:52

First Atlantic adds former commerce official to its board as the Awaruite pilot project approaches a critical development juncture.

Management Jun 24, 2026 · 08:45

As Global Nickel & Cobalt Demand Accelerates, Awaruite Showing Potential to Become a Strategic Source of Supply

Technical Study Jun 24, 2026 · 06:30

First Atlantic Nickel & Cobalt Produces High Grade Alloy Concentrate Up to 71.9% Nickel and 1.76% Cobalt from Its Pipestone XL Nickel-Cobalt Alloy Project, Using Its First-Ever ONSHORE MAX (Magnetic Alloy eXtraction) Recovery & Concentration Process, Unve

Technical Study