Asset Overview
Turnagain Highlights
- Located in British Columbia, Canada
- Nickel-cobalt deposit, 100% owned by Giga Metals, among the world's largest undeveloped nickel-cobalt sulphide deposits
- Metallurgical testwork indicates a clean concentrate grading 18% nickel and 1% cobalt is achievable using proven simple and reliable “off-the-shelf” processing technology.
- Turnagain ore is ideally suited to be refined into cobalt and Class 1 nickel required by battery manufacturers globally
- Engineering studies are underway with goal of having the project shovel ready
Royalty Highlights
- 2% Net Smelter Return ("NSR") royalty on all future metal production from the Turnagain Nickel-Cobalt Project
- Turnagain royalty acquired for US$1 million and 1.125 Mil shares
Potential to Expand Large Resource
Turnagain Orebody
- NI 43-101 Mineral Resource containing:
- Measured & Indicated: 4.1 billion pounds of nickel and 253 million pounds of cobalt
- Inferred: 4.3 billion pounds of nickel and 280 million pounds of cobalt
- Less than 25% of the nickel prospective geology has been drilled to date
- Drill campaign, including high-impact exploration drilling, underway
Project Development
Development Timeline
- Funds from sale of NSR royalty being used for exploration at Turnagain Project and to advance to pre-feasibility stage
- 2018 delineation drilling designed to upgrade NI 43-101 Inferred Resources to Measured or Indicated Resources, subsequently enabling engineering studies to be advanced to pre-feasibility and then to feasibility stage
- Step-out drilling from the known deposit is designed to increase the resource and may also lead to discovery of more starter pits
Location map
