Pivotal Metals (ASX: $PVT) First Assay Results

Pivotal Metals Limited (ASX: $PVT) has released the first assay results from the initial 2 of 34 diamond drill holes completed at its 100% owned Horden Lake Project in Quebec, Canada. The drilling has confirmed broad zones of copper rich Cu-Ni-Au-PGM-Co mineralisation at Horden Lake, including 37.5m at 1.31% CuEq, with significant gold, silver, palladium, platinum, and cobalt metals delineated. The first two drill holes fall within the pit constrained portion of the 28 Mt at 1.5% CuEq Indicated and Inferred Mineral Resource Estimate, displaying moderately thicker and better grades than the surrounding historical holes. The company anticipates consistent news-flow ahead, including results from the remaining 6,833 m / 32 diamond drill holes and downhole EM surveys to be released progressively through the quarter, followed by mineral resource update and metallurgical testwork in H2.

Executive Commentary on First Assay Results

I am very pleased to be sharing the first of many assays from Pivotal's maiden drilling campaign at Horden Lake. These results showcase the shallow wide zones of copper rich mineralisation that characterise Horden Lake. Importantly, they validate the existence of significant gold, palladium, platinum, cobalt, and silver which were never previously assayed in this part of the deposit, and will serve as potential upside to our mineral resource update later this year. We look forward to sharing consistent news-flow in the coming months as we receive more assays and downhole geophysics interpretations, to complement our strategy to grow Horden Lake and demonstrate its high-quality development credentials.

Summary of First Assay Results and Outlook

The first assay results from Pivotal Metals' Horden Lake Project have confirmed broad zones of copper rich mineralisation, along with significant gold, silver, palladium, platinum, and cobalt metals. The company anticipates consistent news-flow in the coming months, including results from the remaining drill holes and downhole EM surveys, followed by a mineral resource update and metallurgical testwork in the second half of the year. The Horden Lake Project, with its 28 Mt at 1.5% CuEq Indicated and Inferred Mineral Resource Estimate, presents potential upside with the validation of additional valuable metals. Once the appropriate amount of new diamond drilling has been completed, an updated mineral resource estimate should be generated to move the Project forward into a Scoping Study or Pre-Feasibility Study.