NOB:CC - Noble Reports that Canada Nickel Achieves Initial Metallurgical Success at Mann Northwest Property

(TheNewswire)

Highlights

• First two metallurgical tests atMann deliver strong recovery and concentrate quality:

  • Overall nickel recoveries of 58% and59%

  • Nickel and magnetite concentrategrades in line with expectations

TORONTO – TheNewswire- May 13, 2024 – Noble Mineral Exploration Inc. (" Noble " or the " Company ") (TSXV:NOB) (OTCQX: NLPXF) is pleased to announce that Canada Nickel Company("Canada Nickel") (TSXV:CNC)(OTCQX:CNIKF) has announced robust recovery and concentrate qualityresults from the first set of metallurgical tests on samples from theMann Northwest property.  The results were achieved using thestandard flowsheet developed for Canada Nickel Crawford NickelDeposit.

As reported in the Canada Nickel News Release of May13, 2024 “Canada Nickel is in the process of completing the earn-inof an 80% interest in the Mann property, with the remaining 20% ownedby Noble Mineral Exploration Inc., located 22 km east of Crawford, 20km south of Cochrane, and 45 km northeast of Timmins, covering theMann Township. Within the property, there are three large ultramaficbodies, each of which has a target geophysical footprint larger thanthe 1.6 km 2 footprint of Crawford. Mann Northwest has a target footprintof 6.0 km 2 ; Mann Central is 3.1 km 2 , and MannSoutheast is 4.1 km 2 . To support the on-going exploration effortsat the Mann property, metallurgical test work has beeninitiated.

Table 1 summarizes the recovery results of the firsttwo open circuit tests from the Mann Northwest property on sampleswith head grades of 0.29% and 0.30% nickel. The samples were tested ata third-party lab to evaluate the metallurgical potential of theproperty. Both samples delivered strong recovery performance, withtotal nickel recoveries of 58% and 59% and iron recoveries of 44% and48%. Cobalt recoveries were 15% and 28% and chromium recoveries were10% in both tests.  More than half of the recovered nickel wasrecovered to nickel concentrates with an average grade greater than38% nickel. Iron concentrate grades averaged 58% and 62% iron in thetwo tests. The Company will follow a similar metallurgical programpath as it did with Crawford and begin a variability open circuittesting program to confirm operating parameters and performance andthen begin locked cycle testing to confirm metallurgical performanceand concentrate grades and recovery to be used in future engineeringstudies.

Table 1. Open Circuit TestResults

The samples were selected as higher grade,well-serpentinized dunite samples and confirmed the potential totransfer the Crawford metallurgical process to the Mann ultramaficnickel mineralization. The standard test procedure from the CrawfordFeasibility Variability Program was used including grind sizes,reagent dosing strategies and flowsheet layout.

Sample Location

Figure 1 shows the plan view of the Mann propertieswith the “X” markers indicating where the samples were taken from.Sample 1 was taken from drill hole MAN23-03 from 200 to 273 meters andSample 2 was taken from MAN23-02 from 112 to 164 meters.

Figure 1 – Plan View of Mann –Drill Results and Sample Location Overlain on Total MagneticIntensity

Click Image To View Full Size

Qualified Person and DataVerification

Arthur G. Stokreef, P.Eng (ON), Manager of ProcessEngineering & Geometallurgy and a “qualified person” as suchterm is defined by National Instrument 43-101, has reviewed andapproved the technical information in this news release on behalf ofCanada Nickel Company Inc.”

Vance White Presidentand CEO of Noble commenting on the exercise of the option and testresults said, “We are very pleased for Canada Nickel is exercisingits 80% interest rights in the Mann Project, and also pleased with themetallurgical results achieved in these recent tests.  We very muchlook forward to seeing how the project is to be advanced ”.

Statement Regarding TSXVenture

Neither TSX Venture Exchange nor its RegulationServices Provider (as that term is defined in policies of the TSXVenture Exchange) accepts responsibility for the adequacy or accuracyof this release.

About Noble Mineral ExplorationInc.:

Noble Mineral Exploration Inc. is a Canadian-basedjunior exploration company which, in addition to its shareholdings inCanada Nickel Company Inc., Spruce Ridge Resources Ltd., Go MetalsCorp. and MacDonald Mines Exploration Ltd., and its interest in theHoldsworth gold exploration property in the area of Wawa, Ontario,will continue to hold ~25,000 hectares of mineral rights in theTimmins-Cochrane areas of Northern Ontario known as Project 81, aswell as an additional 20% interest in ~11,000 hectares in the Timmins area and ~175 hectares of mining claimsin Central Newfoundland.  Project 81 hosts diversified drill-readygold, nickel-cobalt and base metal exploration targets at variousstages of exploration.  It will also hold its ~14,600 hectares in theNagagami Carbonatite Complex and its ~4,600 hectares in the BoulderProject both near Hearst, Ontario, as well as ~3,700 hectares in theBuckingham Graphite Property, ~10,152 hectares in the Havre St Pierre Nickel, Copper, PGM property, ~518 hectares in the LaverlochereNickel, Copper, PGM property and ~482 hectares in the Cere-VillebonNickel, Copper, PGM property, all of which are in the province ofQuebec.  More detailed information is available on the website at www.noblemineralexploration.com .

Noble’s common shares trade on the TSX VentureExchange under the symbol “NOB”.

The foregoing information may contain forward-lookingstatements relating to the future performance of Noble MineralExploration Inc. Forward-looking statements, specifically thoseconcerning future performance, are subject to certain risks and uncertainties, andactual results may differ materially from the Company’s plans andexpectations. These plans, expectations, risks and uncertainties aredetailed herein and from time to time in thefilings made by the Company with the TSX Venture Exchange andsecurities regulators.  Noble Mineral Exploration Inc. does notassume any obligation to update or revise its forward-lookingstatements, whether as a result of new information, future events orotherwise.

Contacts:

H. Vance White, President

Phone:        416-214-2250

Fax:        416-367-1954

Email: info@noblemineralexploration.com

Investor Relations

Email: ir@noblemineralexploration.com

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