CORRECTION FROM SOURCE: EV Nickel Announces Maiden Mineral Resource Estimate for Gemini North Nickel Zone
Advancing a dual-track nickel strategy in Ontario through high-grade sulphide discoveries and large-scale bioleaching potential.
The most recent news (March 13, 2026) provides a corrected Maiden Mineral Resource Estimate (MRE) for the Gemini North Nickel Zone. The deposit contains Indicated Resources of 9.5M tonnes at 0.27% Ni (55.6M lbs) and Inferred Resources of 84.0M tonnes at 0.22% Ni (410.7M lbs). Crucially, the update identifies a "Pit Constrained Starter Zone" of 25.5M tonnes grading 0.27% Ni and 0.34% Sulphur. The mineralization is "Mt. Keith Style" primary sulphides, which typically offer superior metallurgical recoveries compared to silicate-hosted nickel. The deposit remains open along strike and at depth.
The news is Material - Positive. While the grade is low (0.22%–0.27%), the materiality lies in the metallurgical characteristics and the "Starter Zone" concept. - Resource Validation: This MRE formalizes the 2025 drilling success, converting exploration targets into a defined 466M lb nickel resource. - Metallurgical Advantage: Previous news (Jan 2026) showed 81-85% rougher recoveries. This MRE confirms the scale of the material that can actually be processed efficiently. - Synergy with Bioleaching: The Feb 2026 pilot results (90% Ni extraction) were performed on W4 concentrates, but the Gemini North sulphides are intended to feed a similar low-carbon flowsheet. - Economic Sequencing: The identification of a higher-grade starter pit (0.27% Ni) is a critical de-risking step for future Feasibility Studies, potentially lowering the payback period for a project of this scale.
EV Nickel is focused on the Shaw Dome Project near Timmins, Ontario. The company employs a "Two-Track" strategy: 1. Track 1 (High Grade): Small-scale, high-grade nickel sulphide deposits (W4, Langmuir) for near-term production. 2. Track 2 (Large Scale): Massive, low-grade "CarLang" trend deposits (CarLang A, Gemini North) aimed at long-term, large-scale supply. The flagship CarLang A deposit has a PEA (May 2025) showing a 20-year mine life and a post-tax NPV of $1.48B CAD, though it requires a massive $2.3B USD initial CAPEX.