Strategx hits 42.8m "sulphide-rich" graphite at Nagvaak

Executive Summary

• First diamond drill hole of the 2025 season (NAG25‑01) intersected four sulphide‑rich graphite zones over a 42.8 m interval, expanding the known mineralized footprint at the Nagvaak project.
• Intercepts occur 580 m west of historic drilling, confirming lateral continuity across a 6 km by ~0.5 km corridor and supporting Strategx’s exploration model based on magnetic/TDEM surveys.
• Laboratory assays are pending; results could substantiate high‑purity jumbo flake graphite and associated critical metals (Ni, V, Co, Mo, Zn, Cu, precious metals).

Key Details

• Drill Hole NAG25‑01: 4 distinct sulphide‑rich mineralized graphite zones over a total of 42.8 m; targeted a high‑priority geophysical anomaly and intersected mineralization at expected depth.
• Location Confirmation: Intercepts are situated 580 m west of historic drill holes, demonstrating lateral continuity along the six‑kilometre mineralized corridor.
• Corridor Dimensions: The Nagvaak graphite‑rich polymetallic corridor extends ~6,000 m strike length and ~500 m width, indicating potential for a district‑scale critical minerals deposit.
• Geology: Encountered beds of meta‑greywacke “dirty” arenites interbedded with arenite‑mudstones; sulphide banding observed proximal to graphite horizons. Handheld magnetic susceptibility and conductivity readings matched the ground geophysical anomaly.
• Program Context: 2025 summer drill program completed in August; confirmed exploration model for future drilling and provided quality core samples for further characterization of high‑purity jumbo flake graphite.
• Critical Metals Potential: Historical data and prior press releases (Mar 7 2023, Mar 21 2024, Dec 3 2024) indicate presence of nickel, vanadium, cobalt, molybdenum, zinc, copper, and precious metals within the corridor.
• Assay Status: Core samples have been submitted for laboratory analysis; assay results are pending.
• Qualified Person: Technical data reviewed and approved by Gary Wong, P.Eng., in accordance with NI 43‑101 standards.

Notable Quotes

“This drill intercept validates our exploration model and highlights the scale potential of the Nagvaak mineralized system,” said Darren Bahery, CEO of Strategx. “We are particularly encouraged by the width of the mineralization and the continuity of the graphite‑rich zones, reinforcing Nagvaak project's potential to deliver a new Canadian source of critical minerals essential for the global energy transition supply chain.”