The NICO Cobalt-Gold-Bismuth-Copper Project
The NICO cobalt-gold-bismuth-copper deposit and the Company’s nearby Sue-Dianne copper-silver-gold satellite deposit belong to the Iron Oxide Copper-Gold (IOCG)-type of mineral deposits and have world class global analogues, including Olympic Dam in Australia, the Carajas region deposits in Brazil, and the Candelaria deposits in Chile. IOCG’s occur in similar tectonic and geological settings around the world, commonly in clusters of multiple billion+ tonne deposits at a similar period of geological age. To date, Fortune has delineated more than 60 million tonnes of Mineral Resources in its NICO and Sue-Dianne deposits, including 33.1 million tonnes of Mineral Reserves in the NICO deposit. Fortune has also identified other zones with prospective mineralization in drill hole intercepts and other targets associated with large coincident geophysical anomalies that have not been drill tested yet.
