Core Nickel Outlines 2025 Exploration Plans and Reports High-Grade Nickel Results

• Core Nickel Corp. (CSE: CNCO) provided a 2024 Year-End Review and outlined 2025 exploration plans, including expanded drilling and airborne geophysical surveys at its Halfway Lake and Mel projects.
• Assay results from the 2024 winter drill program at Halfway Lake revealed nickel-bearing sulfide mineralization with tenors up to 17%, confirming resource potential and supporting continued exploration.
• The company successfully raised $400,000 through a non-brokered private placement, with funds earmarked for 2024-2025 exploration and drilling programs, while also appointing Paul Reid and Marc Pais as strategic advisors.

The 2024 results underscore Core Nickel's progress in the Central Thompson Nickel Belt, with high-priority conductive trends such as HL-04 identified through airborne electromagnetic surveys. This has led to an expansion of drilling programs in 2025 to build on the findings and further delineate nickel resources. Management emphasized the importance of these results in accelerating project development and strengthening the company's market position.

Core Nickel conducted a property-wide airborne electromagnetic survey on the Mel and Odei River Projects, identifying nickel-bearing sulphide mineralization with grades up to 0.8% Ni over 0.7 m (). This survey provides geological data to prioritize exploration areas and inform future drilling decisions.

Re-assay results at the Mel Deposit confirmed high-grade nickel mineralization, including 1.73% Ni over 36.3 m and 2.81% Ni over 11.6 m (). These findings reinforce the economic potential of the deposit and will guide further exploration and development decisions.

What Are Core Nickel's 2025 Exploration Priorities?

In 2025, Core Nickel plans to focus on expanded drilling at the Halfway Lake Project and airborne geophysical surveys at the Mel and Odei River Projects. These initiatives aim to identify high-priority targets from 2024 surveys and build on the nickel-bearing sulfide mineralization previously identified. The company will prioritize resource delineation at key conductive trends, with drilling programs designed to expand the known nickel resource base.

Airborne geophysical surveys will play a critical role in identifying new exploration targets across both projects. This approach is expected to accelerate the identification of additional nickel-bearing zones and support project development.

What Do the 2024 Drill Results Indicate About Resource Potential?

The 2024 winter drilling at Halfway Lake confirmed the presence of disseminated nickel-bearing sulfide mineralization with tenors up to 17%. These high-grade results indicate the potential for an extensive resource and provide a strong basis for further drilling and resource delineation.

Key intersections, such as 1.73% Ni over 36.3 m and 2.81% Ni over 11.6 m (), highlight the consistency of mineralization across multiple drillholes. These findings contribute to the company's exploration strategy and support its position in the Thompson Nickel Belt.

How Is Core Nickel Funded for 2024-2025 Activities?

Core Nickel raised $400,000 through a non-brokered private placement, with proceeds intended to fund its 2024-2025 exploration and drilling programs. This financing provides critical support for the company's expanded exploration initiatives, including drilling and geophysical surveys.

The appointment of strategic advisors Paul Reid and Marc Pais further strengthens the company's management team. These appointments bring additional industry expertise and support for project development and exploration activities.

The airborne electromagnetic survey on the Mel and Odei River Projects also provided valuable insights into nickel-bearing sulphide zones (). This data will help prioritize areas for further exploration and drilling, contributing to the assessment of the economic viability of nickel deposits.