Electric Royalties Ltd. provides updates on several key assets in its royalty portfolio, including metallurgy advancements at the Mont Sorcier Project, promising exploration results at the Punitaqui copper-gold mine, near-term resource update and bulk sampling results expected at the Graphite Bull Project, drilling results and new exploration targets identified at the Råna Nickel Project, and equity raised to help advance the Kenbridge Nickel Project.
Following Financing at Its Top Lithium and Manganese Assets, Electric Royalties Provides Progress Updates on Five Other Key Royalties
"In recent weeks, we announced the achievement of important financing milestones at Battery Hill and Seymour Lake that involve mining luminary Eric Sprott as well as the Canadian government , and we're pleased also to release our first general asset update of the year. Drill holes SAM-24-06, 07, 08, 09,10, 11 and 12 have returned results as follows:• SAM-24-06: 2.9 meters at 0.92% total copper and 27.3g/t silver and 1.8m at 2.76% CuT and 21.0g/t Ag• SAM-24-07: 15.6m grading 0.9% CuT and 15.0g/t Ag • SAM-24-08: 5.1m at 0.9% CuT and 3.4g/t Ag• SAM-24-09: 9.8m at 1.1% CuT and 13.2g/t Ag• SAM-24-10: 19.8m at 2.3% CuT and 26.4g/t Ag• SAM-24-11: 21.9m at 1.2% CuT and 15.4g/t Ag• SAM-24-12: 12.0m at 1.1% CuT and 20.7g/t Ag and 10.2m at 1.2% CuT and 12.
Detailed metallurgical testwork programs are currently being undertaken to build on previous metallurgical test results announced in March 2024. Cerrado has also selected various consultants to undertake key work programs in 2025 to deliver the feasibility study, including lead consultant and study integrator DRA Global which will also be responsible for the updated mineral resource estimate, mine design and planning, geotech and hydrogeology.
ELECTRIC ROYALTIES ROYALTIES MINING COPPER GOLD LITHIUM NICKEL GRAPHITE CANADA CHILE EXPLORATION DEVELOPMENT
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