RELEASE: FOR IMMEDIATE RELEASE TARTISAN NICKEL CORP. COMPLETES AIRBORNE MOBILEMTM AND BOREHOLE EM (BHEM) GEOPHYSICAL SURVEYS AT THE KENBRIDGE NICKEL-COPPER- ...
Key Highlights
About Kenbridge
Kenbridge is one of North America’s most advanced nickel sulphide copper deposits and one of the few that comes with significant infrastructure already in place. An existing 3-compartment shaft reaches 622 metres deep, with two developed underground levels and decades of prior drilling, metallurgical testing, and environmental baseline work behind it.
Since 2018, Tartisan has methodically checked every box that separates concepts from developments. A 7.5 million tonne mineral resource estimate, updated by independent consultants. A 2022 PEA showing a nine-year operation with $182.5 million in pre-tax value and a 3.5-year cash payback. Environmental baseline studies. Community engagement with Treaty #3 First Nations. Current drilling aimed at expanding the mineral resource estimate and proving depth potential.
The 2022 PEA, independently completed by P&E Mining Consultants, outlines a financially robust underground mining operation with a 9-year mine life, LOM revenues of $837 million, and pre-production capital of $133.7 million. The deposit remains open at depth, and ongoing drilling is designed to expand the resource, upgrade inferred tonnes, and test the considerable down-plunge potential that historical and recent holes have confirmed.
Existing infrastructure collapses timelines and slashes permitting risk. While competitors are still fighting for access roads alongside First Nations and environmental approvals, Kenbridge is actively moving to pre-feasibility. Recent holes confirm the deposit remains open at depth. Drill results continue to expand the resource case.
In a North American supply chain starved for domestic nickel and copper, that speed matters. It matters to automakers. It matters to battery makers. It matters to defense.
Ownership 100%
Access All-season road within 10km via Highway 71
Location Sioux Narrows, Northwestern Ontario
Infrastructure Existing shaft, All-season road within10km of deposit via Highway 71
Status Advanced Exploration, PEA Completed, Phase 2 Drilling in 2026
Property Size 4,753 Hectares
Currently Upcoming geophysics and Phase 2 drilling to expand resource in 2026
Next Step 2026 Pre-Feasibility Study
Kenbridge Timeline
Treaty #3 Communities Near Kenbridge
- Naotkamegwanning (Whitefish)
- Northwest Angle # 33
- Northwest Angle # 37
- Onigaming
The Kenbridge Nickel Project has demonstrated compelling project economics through a positive Preliminary Economic Assessment (PEA), independently prepared by P&E Mining Consultants Inc. (Brampton, Ontario) under the supervision of Eugene J. Puritch, P.Eng., FEC, CET. The effective date of the Mineral Resource Estimate is July 6, 2022.
The PEA outlines a 9-year underground mine plan processing 1,500 tonnes per day — leveraging Kenbridge’s existing shaft infrastructure (2,042 ft / 622 m depth) to access higher-grade mineralization early in mine life, reducing capital intensity and accelerating payback. With a pre-tax IRR of 26% and an after-tax payback of just 3.5 years, Kenbridge stands as one of the most capital-efficient near-production nickel sulphide assets in North America..
All figures are in Canadian dollars unless otherwise noted.
Table 1 — Mineral Resource Estimate
Effective Date: July 6, 2022 | Cut-off: C$100/t NSR
| Class | Tonnes (k) | Ni (%) | Ni (Mlb) | Cu (%) | Cu (Mlb) | Co (%) | Co (Mlb) | NSR (C$/t) |
|---|---|---|---|---|---|---|---|---|
| Measured | 1,867 | 0.99 | 41.0 | 0.50 | 20.6 | 0.017 | 0.7 | 184.40 |
| Indicated | 1,578 | 0.95 | 33.0 | 0.53 | 18.5 | 0.009 | 0.3 | 180.26 |
| Measured + Indicated | 3,445 | 0.97 | 74.0 | 0.52 | 39.1 | 0.013 | 1.0 | 182.51 |
| Inferred | 1,014 | 1.47 | 32.7 | 0.67 | 14.9 | 0.011 | 0.2 | 263.38 |
Table 2 — PEA Financial Highlights
| Parameter | Pre-Tax | After-Tax |
|---|---|---|
| Commodity Price Assumptions | ||
| Nickel (US$/lb) | $10.00 | — |
| Copper (US$/lb) | $4.00 | — |
| Cobalt (US$/lb) | $26.00 | — |
| Exchange Rate (US$:C$) | 0.78 | — |
| Mine Plan | ||
| Life of Mine (years) | 9.0 | |
| Processing Rate (t/day) | 1,500 | |
| Payable Production (LOM) | ||
| Nickel (Mlb) | 52.6 | |
| Copper (Mlb) | 30.7 | |
| NiEq Total (Mlb) | 65.3 | |
| Average Annual NiEq Production (Mlb) | 7.3 | |
| Operating Costs | ||
| Mining ($/t mined) | $38.93 | |
| Processing ($/t processed) | $17.74 | |
| G&A ($/t processed) | $7.96 | |
| Total Operating Cost ($/t processed) | $64.64 | |
| NSR Royalty (after 1.5% buyback) | 2.50% | |
| Cash Costs (US$/lb NiEq) | $3.76 | |
| AISC (US$/lb NiEq) | $4.99 | |
| Capital Costs | ||
| Initial Capital ($M) | $133.7 | |
| Sustaining Capital ($M) | $93.1 | |
| Closure Costs ($M) | $10.0 | |
| Total LOM Capital ($M) | $227.0 | |
| Project Returns | ||
| Undiscounted NPV ($M) | $286 | $181 |
| NPV at 5% Discount Rate ($M) | $183 | $109 |
| IRR | 26% | 20% |
| Payback Period (years) | 3.4 | 3.5 |
Cautionary Statement: This PEA is preliminary in nature and includes Inferred Mineral Resources, which are considered too speculative for use in economic analysis except as permitted under NI 43-101 for PEA studies. There is no guarantee that the project economics described herein will be achieved.
Filed on SEDAR+ in accordance with National Instrument 43-101. View news release here.
News
Tartisan Nickel Corp. Intersects 24.6 Metres of 0.71% Ni, 0.56% Cu Including 6.1 Metres of 1.17% Ni, 1.45% Cu at the Kenbridge Nickel-Copper-Cobalt Project, Northwestern Ontario
Toronto, Ontario--(Newsfile Corp. - March 12, 2026) - Tartisan Nickel Corp. (CSE: TN) (OTCQX: TTSRF) (FSE: 8TA) ("Tartisan", or the "Company") is pleased to pr ...
Tartisan Nickel Corp. Intersects 3.0 Metres of 2.17% Ni, 1.45% Cu at the Kenbridge Nickel-Copper-Cobalt Project, Northwestern Ontario
Toronto, Ontario--(Newsfile Corp. - February 24, 2026) - Tartisan Nickel Corp. (CSE: TN) (OTCQX: TTSRF) (FSE: 8TA) ("Tartisan", or the "Company") is pleased to ...
Tartisan Nickel Corp. Intersects 11.0 Metres of 1.05% Ni, 0.33% Cu Including 2.0 Metres of 4.79% Ni, 1.25% Cu at the Kenbridge Nickel-Copper-Cobalt Project, Northwestern Ontario
Toronto, Ontario--(Newsfile Corp. - February 11, 2026) - Tartisan Nickel Corp. (CSE: TN) (OTCQB: TTSRF) (FSE: 8TA) ("Tartisan", or the "Company") is pleased to ...
Tartisan Nickel Corp. Intersects 10.7 Metres of 1.58% Ni, 0.79% Cu Including 5.0 Metres of 3.02% Ni, 1.48% Cu at the Kenbridge Nickel-Copper-Cobalt Project, Northwestern Ontario
Toronto, Ontario--(Newsfile Corp. - February 3, 2026) - Tartisan Nickel Corp. (CSE: TN) (OTCQB: TTSRF) (FSE: 8TA) ("Tartisan", or the "Company") is pleased to ...
Tartisan Nickel Corp. Announces Rodren Drilling has Commenced Drilling at the Kenbridge Nickel-Copper-Cobalt Project, Sioux Narrows, Northwestern Ontario
Toronto, Ontario--(Newsfile Corp. - December 8, 2025) - Tartisan Nickel Corp. (CSE: TN) (OTCQB: TTSRF) (FSE: 8TA) ("Tartisan" or the "Company") is pleased to a ...
Tartisan Nickel Corp. Announces Rodren Drilling Has Mobilized Drill Crews and Equipment into the Kenbridge Nickel-Copper-Cobalt Project, Sioux Narrows, Northwestern Ontario
Toronto, Ontario--(Newsfile Corp. - December 5, 2025) - Tartisan Nickel Corp. (CSE: TN) (OTCQB: TTSRF) (FSE: 8TA) ("Tartisan" or the "Company") is pleased to a ...
