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Pivotal Metals’ $5.4 million placement supports acceleration of field activities at Quebéc properties
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EM and IP surveys to begin in November and continue through the winter field season
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Targets are being finalised for drilling planned late Q4 2025
Special Report: Cashed up with a $5.4 million capital windfall from a placement, Pivotal Metals is hitting the accelerator on exploration and field activities at its properties in Quebéc, Canada.
The company is planning a swathe of geophysical programs over the next few months, with the goal of refining and discovering new drilling targets.
Pivotal Metals (ASX:PVT) managing director Ivan Fairhall said the company was moving from planning into action.
“The ramp-up of survey work at Lorraine and across Belleterre is indicative of the increased exploration intensity,” he said.
“With the capital now secured, we’re executing a high-quality field program geared toward discovery.
“The wider Belleterre project has multiple drill ready targets and excellent prospectivity for both massive sulphide copper-platinum group metals and high-grade gold – a fantastic commodity combination in a top-tier mining jurisdiction.
“We are entering a busy and exciting phase for Pivotal as we build multiple value-levers for shareholders.”
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Expansive exploration programs
Pivotal’s exploration efforts are focused on the 160km2 Belleterre projects within the Abitibi region of Canada.
The mining-friendly area boasts world-class infrastructure, including access to low-cost, renewable hydropower and high levels of milling processing capacity within 100km of the project tenure.
PVT’s exploration program is focused on zeroing-in on high priority targets, and will include:
- Induced polarisation survey over Lorraine East to refine 1.5km gold corridor target, to begin in November;
- Electromagnetic survey also in November, optimising drilling to test Lorraine Mine conductors;
- Comprehensive geophysical surveys planned for winter season at Alotta-Midrim-LaCroche belt; and
- Field reconnaissance and target validation of newly identified zones to begin this week.
Pivotal says that the high-grade nature of the exploration targets at Belleterre offer potential to define deposits that could be amenable for direct shipping to existing milling facilities.
The project’s access to low-cost hydropower (estimated 5.5c/kWh) and Glencore’s Horne copper and Sudbury nickel smelters offer an additional cost advantage for new discoveries made in the area.
This article was developed in collaboration with Pivotal Metals, a Stockhead advertiser at the time of publishing.
This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.
