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Bolt Metals Corp. (CSE: BOLT) (OTCQB: PCRCF) (XFRA: NXFE) is a Canada-based exploration company focused on the acquisition and development of production-grade battery metals deposits within the Asia-Pacific region, employing a vertically integrated “minerals-to-market” strategy to leverage these assets to their fullest.
Bolt Metals Corp. is advancing its flagship, 100% controlled Cyclops Nickel-Cobalt located in Papua Province, Indonesia with a mandate to become a key contributor to Asia-Pacific’s rapidly expanding electric vehicle and battery supply chain.
The Cyclops project, uniquely positioned within the world’s largest producer of nickel and in proximity to China, the world’s largest “Gigafactory”, features near surface, strong nickel-cobalt mineralization. The property is situated in an area with excellent infrastructure including a nearby workforce, supplies, sealed roads, ocean access,
nearby port facility and gentle topography. The project area, nestled on the north coast of Papua, Indonesia, establishes Bolt Metals well within the economically attractive ocean-going transportation range to Asia and its lucrative, growing industrial markets.
Considerations:
- 100 percent ownership of the 5,000-hectare Cyclops Nickel-Cobalt Project
- Project located on the north coast of Indonesia, in proximity to China, the world’s largest “Gigafactory”
- Employing a “minerals to market” strategy to leverage successful drilling and bench scale scoping tests
- Ambitious 2020 milestones backed by strong results from extensive 2019 exploration program
- Indonesia is the largest nickel producer on earth with a mandate to become a global superpower in the international EV/battery metals supply chain
- Project has production/mining permits along with environmental (AMDAL) permit issued
- Significant, shallow mineralization at project site with a historical* estimate of 37Mt @ 0.11% Co and 1.31%Ni at 0.8% Ni cut-off grade
- 2019 exploration and development campaign identified significant horizons of nickel mineralization
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