PROJECT

The ducros ni-cu-co-pge project

The Ducros Project

Large property in the eastern Abitibi Greenstone Belt within the mining-friendly province of Québec acquired in 2020 by Québec Nickel

Historical Drilling

Ni-Cu-Co-PGE-mineralization discovered at surface and with one drill hole completeded in 2008 but was never not followed-up by previous prospectors

Underexplored

Numerous CRITICAL METALS targets across the property never evaluated

> 15,000-hectare property

85 km from Val-d’Or between the towns of Lebel-sur-Quévillon and Senneterre

Provincial Highway 113 crosses the property on the east side

Rail line and power within five kilometres of property

Large volumes of prospective ultramafic rocks

Multiple targets with potential to host world class Ni-Cu-Co-PGE-deposits

FORTIN SILL ZONE

  • 2008 historic drill hole GCF-08-07 intersected 0.38% Ni + 0.44% Cu + 0.65 g/t Pd-Pt-Au over 20.7 m, starting at surface
  • Follow Up drilling completed in 2022 by Québec Nickel

Ducros ultramafic Sill complex

  • >40 line-kilometres of ultramafic sills and dikes with numerous electromagnetic conductors identified
  • First drilled by Québec Nickel in 2022 Drill Program

Ducros gabbro

  • 5 X 5 km mafic intrusive body
  • Geophysical data suggest it to be a multi-phase or layered intrusion
  • Previous prospectors did not explore for Ni-Cu-PGE deposits

Ducros sill

  • Limited drilling in 1987 intersected peridotite and dunite over long core intervals
  • Up to 0.23% Ni reported in composite sampling

Multifaceted exploration program UNDERWAY

  • Property-wide VTEMTM geophysical airborne survey
  • Diamond drilling (> 40,000 metres completed to date)
  • High resolution drone magnetics
  • Airborne gravity
  • Borehole electromagnetic surveys
  • Biogeochemistry surveys
  • Lidar & orthophoto imagery data collection
  • Satellite imagery
  • Lithogeochemistry analyses and interpretation
  • Re-Os age dating of nickel sulphides
  • Geological mapping
  • Thin section petrography & micro-XRF studies
  • Metallurgical test work of Fortin Sill Zone sulphides
  • Artificial Intelligence & machine learning targeting techniques

Highlights & CATALYSTS

DUCROS PROJECT

  • Multiple property-wide airborne geophysical surveys flown in 2022 have generated a huge amount of data to guide exploration
  • Almost 40,000 metres drilled to date testing multiple targets that have the potential to host large deposits
  • Scoping-level metallurgical study completed at Fortin Sill and definition / exploration drilling ongoing
  • Environmental baseline study initiated

FORTIN SILL ZONE

  • Inaugural drilling by QNI in 2022 intersected 1.85% Ni, 1.65% Cu & 3.27 g/t Pt-Pd-Au over 8.43 metres at Fortin Sill along with many other high-grade long core length intersections
  • Nickel-copper-cobalt & PGE’s confirmed to be hosted in sulphides
  • Scoping-level metallurgical study completed at Fortin Sill and definition / exploration drilling ongoing

DUCROS SILL TARGET

  • Large Ni + Co-bearing serpentinized intrusive body confirmed by 2023 drilling; up to seven kilometers of strike length remains to be explored
  • Rock types, mineralization and size of bodies rival those of other high-profile large tonnage nickel projects being developed in the Abitibi

HOLE ID		 FROM
(m)		 TO
(m)		 LENGTH
(m)		 Ni
(%)		 Co
(ppm)
QDG-23-503 233.00 450.00 217.00 0.19 111
Including 308.20 426.50 118,30 0.21 117
QDG-23-504 21.00 130.50 109,50 0.16 90
Including 21.00 50.00 29.00 0.20 105
QDG-23-505 21.00 314.00 293.00 0.19 106
Including 79.50 231.50 152.00 0.21 114

DUCROS GABBRO TARGET

  • 5 X 5-kilometer intrusive body never explored for nickel deposits
  • Geophysical data suggest potential for multiple deposit types
  • Assay results from the "Q-Zone" include a 567 metre long intersection of variably altered dunite assaying 0.22% Ni + 122 ppm Co over 164.50 metres core length

  ALL RIGHTS RESERVED 2023