Alaska Energy Metals: Major Increase in Nikolai Mineral Resource Estimate
With just four holes drilled at the end of the 2024 season, Alaska Energy Metals Corp. has added 6.9 billion pounds of nickel to the Eureka Zone deposit on the company’s Nikolai project in Alaska. “We can now confidently count Nikolai as a globally significant metal accumulation and certainly the largest documented nickel resource in the United States!” the company wrote in a March 10 news release. According to a new calculation, the Eureka Zone now hosts 1.19 billion metric tons of indicated resource averaging 0.21% (5.61 billion lb) nickel, 0.07% (1.77 billion lb) copper, 0.02% (442 million lb) cobalt, 0.01 grams per metric ton (469,000 oz) gold, 0.09 g/t (3.33 million oz) palladium, 0.05 g/t (1.72 million oz) platinum, 0.3% (7.86 billion lb) chromium, and 9.87% (117 million metric tons) iron. This marks a 46% increase in total tonnage and 45% more nickel within the indicated resource when compared to the resource calculated early in 2024. The Eureka deposit hosts an additional 2.09 million metric tons of inferred resource averaging 0.2% (9.38 billion lb) nickel, 0.05% (2.43 billion lb) copper, 0.02% (758 million lb) cobalt, 0.01 g/t (661,000 oz) gold, 0.07 g/t (4.57 million oz) palladium, 0.04 g/t (1.58 million oz) platinum, 0.27% (12.29
billion lb) chromium, and 9.8% (205 million metric tons) iron. This marks a 133% increase in total tonnage and 122% more nickel within the inferred resource compared to last year’s calculation. “In less than two years, we have taken the Nikolai Project from an exploration concept to a substantial deposit of nickel and multiple other critical metals,” said Alaska Energy Metals President and CEO Gregory Beischer. “At a time when the United States government has prioritized the reshoring of critical mineral supply chains to America, AEMC’s Nikolai project offers immediate opportunity on U.S. soil in Alaska.” While relatively low-grade, Eureka comes to the surface in a wide valley that makes the roughly 2.2-mile- (3.5 kilometers) long deposit amenable to conventional bulk tonnage mining methods. The enormous deposit, which remains open for expansion in both strike directions, also hosts a higher-grade core zone. Alaska Energy Metals management believes the nickel and other metals contained within the Eureka deposit can be recovered using conventional methods. Metallurgical studies to determine how much of each metal can be recovered are currently in progress. — North of 60 Mining News
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March 2025 I The Alaska Miner I www.alaskaminers.org
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