Interview with Terry Lynch, CEO of Power Nickel (TSX-V: PNPN)

Recording date: 12th September 2023
 
Power Nickel is a Canadian junior exploration company focused on developing its flagship Nisk nickel project in Quebec into Canada's first carbon-neutral nickel mine.

Terry Lynch, CEO of Power Nickel (TSXV:PNPN), discusses the company's high-grade NISK nickel-copper-cobalt project in Quebec. An updated NI 43-101 resource estimate is expected by end of October, which will likely outline 8-10 million tons at 1.5% nickel equivalent. This initial resource from just one mineralized zone should be sufficient to support a commercial mining operation.

NISK has an existing historical resource of 3.1 million tons at 1.6% nickel. Power Nickel has now drilled over 177,000 meters and hit nickel grades above 1% in the majority of holes. Highlights include a recent 300 meter step-out hole that intersected 25 meters of massive and semi-massive sulfides. The deposit remains open and Power Nickel is confident in rapidly expanding the resource along identified mineralized trends.

The goal is to demonstrate sufficient scale at NISK to achieve a sizable revaluation of the company. Comparable nickel projects are currently valued around $400M for ~15M tons of resources. At 8-10M tons, NISK could potentially support a $150-200M valuation. Power Nickel recently secured a $7.5M investment from materials processor CVMR to complete a feasibility study and refine nickel end-products.

In addition to expanding NISK, Power Nickel plans to test several other target areas identified nearby. The potential exists to delineate over 30M tons through systematic exploration of the ultramafic intrusion. Early drilling has also revealed promising platinum group metal intercepts that could provide added value.

With high grades, excellent infrastructure and supportive stakeholders, NISK can be an economically robust mine even at lower nickel prices. The project is well positioned to capitalize on the pending supply shortages in the battery metals sector. Advancing the resource estimate and feasibility study over the next 6-9 months will be key catalysts for Power Nickel.