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Nickel, Copper & Cobalt Project

Nickel - Ni
Copper - Cu
Cobalt - Co

2,100 km2

Analysing Data

4 licences

Eastport’s Selebi project is comprised of four licences that cover a total area of 2,100 km2, with favourable amphibolite geology located throughout the licence area.

The neighbouring licence has historical annual production of 40,000 tonnes of copper and nickel, and is today owned by Eastport investee, TSX listed, Premium Nickel Resources Limited (TSV:PNRL).

Eastport’s Selebi licences are located to the south-east of the Selebi and Phikwe sulphide deposits, which Wood Mackenzie has estimated contain a remaining in-situ resource of 33.07 million tonnes grading 0.8% nickel, and 1.18% copper.

Eastport PL’s with historic Ni-Cu soil anomalies lying to southeast of the PNR Selebi Mine licence.

Eastport Launch Exploration Campaign

Eastport Launch Exploration Campaign at its 100%-owned Selebi Coper Project to the Southeast of Premium Nickel Resources Ltd

Following Eastport’s (“Eastport” or “EPV”) investment in Premium Nickel Resources Ltd (TSX-V: PNRL, “PNRL”) in early 2020 Eastport evaluated the potential nickel-copper opportunities in the Selebi-Pikwe district to generate enhanced optionality across the company. Following a period of analysis, EPV acquired four prospecting licences (PL’s) covering approximately 2,100 km2 to the southeast of the PNRL mines.

The new Selebi project PL’s cover extensive areas of folded mafic/ultramafic geology of similar age to the PNRL mine area. Historical reports feature nickel and copper soil anomalies, both extensive and isolated airborne conductors and anomalous drill hole intersections. Together, these works indicate opportunities for hidden sulphide mineralization, similar to the very large PNRL massive sulphide deposit, under the widespread relatively thin sand cover.

Airborne Re-Processing

Following the receipt of the four licences, Eastport acquired the historic airborne magnetic, electromagnetic, radiometric surveys as well as several satellite layers. Re-processing, and in particular the use of the high-quality radiometric data, successfully overcame the significant interference caused by the Limpopo Dyke swarm cutting the licence area. Extensive areas of mafic/ultramafic geology were outlined, and a number of exploration target areas were identified.

Selebi Exploration Campaign

The Eastport program will initially focus on soil sampling in areas deemed favourable for mineral deposits recognized during the first phase of exploration; airborne re-processing and archive research. A regional stream sampling survey is also planned.

The program, scheduled for Q3-4, will focus on with areas of coincident historic soil and electromagnetic (“EM”) signatures for example in the Tuni area (“Tuni”). There, the targets are associated with coincident folded mafic/ultramafic geology, anomalous copper and/or nickel in soils and weak to moderate airborne conductors. A historic drill result in the Tuni area (Tsetsejwe East target) reported: 1.1% Cu in brecciated ultramafic.

In the Kwena area, an EM anomaly is associated with a 2.4km long nickel and copper soil anomaly. Drilling within this anomaly intersected 18m of copper and nickel mineralized mafic/ultramafic rock grading up to 0.9% Cu and 0.24% Ni.

Many other anomalous areas were revealed in the research. The map locates a number of these and each will be considered for follow up during the next six to twelve months.

Social Requirements

Eastport has also established good relationships with a number of the local communities within the PL’s. Each has committed to assisting Eastport with logistical and field staffing requirements. Our group values these relationships and we are looking forward to mutually beneficial operations.

Favorable Geology

The licence hosting three mines is the former BCL mining licence, now owned by PNR, in which Eastport is a shareholder. The remaining four licences are held by Eastport subsidiary, CES.

BCL Mining Licence (PNR)
CES Prospecting Licences (Eastport)