Alaska Energy Metals provides update on advancing Nikolai project
2026-05-15 14:53:14 [Print]
Alaska Energy Metals Corp. issued a progress update on May 14, 2026 covering permitting, funding, and metallurgical activities at its Nikolai nickel-copper-cobalt-platinum group metal (PGM) project in Alaska.
The Eureka Zone deposit, located approximately 50 miles south of Delta Junction, Alaska, contains an indicated resource of 1.19 billion metric tonnes grading 0.21% nickel (5.61 billion pounds), 0.07% copper (1.77 billion pounds), 0.02% cobalt (442 million pounds), 0.3% chromium (7.86 billion pounds), and 9.87% iron (117 million metric tonnes).
The deposit also hosts an inferred resource of 2.09 billion metric tonnes averaging 0.2% nickel (9.38 billion pounds), 0.05% copper (2.43 billion pounds), 0.02% cobalt (758 million pounds), 0.27% chromium (12.29 billion pounds), and 9.8% iron (205 million metric tonnes).
Metallurgical test work completed to date demonstrates that a bulk concentrate containing nickel sulphide (primarily pentlandite), copper sulphide (mainly chalcopyrite), and cobalt sulphide can be produced, alongside a separate iron-chromium concentrate.
The company further notes that a portion of the deposit's nickel occurs as awaruite, a naturally occurring iron-nickel alloy that reports to the magnetic concentrate and will require additional downstream cleaning.
The Eureka Zone deposit, located approximately 50 miles south of Delta Junction, Alaska, contains an indicated resource of 1.19 billion metric tonnes grading 0.21% nickel (5.61 billion pounds), 0.07% copper (1.77 billion pounds), 0.02% cobalt (442 million pounds), 0.3% chromium (7.86 billion pounds), and 9.87% iron (117 million metric tonnes).
The deposit also hosts an inferred resource of 2.09 billion metric tonnes averaging 0.2% nickel (9.38 billion pounds), 0.05% copper (2.43 billion pounds), 0.02% cobalt (758 million pounds), 0.27% chromium (12.29 billion pounds), and 9.8% iron (205 million metric tonnes).
Metallurgical test work completed to date demonstrates that a bulk concentrate containing nickel sulphide (primarily pentlandite), copper sulphide (mainly chalcopyrite), and cobalt sulphide can be produced, alongside a separate iron-chromium concentrate.
The company further notes that a portion of the deposit's nickel occurs as awaruite, a naturally occurring iron-nickel alloy that reports to the magnetic concentrate and will require additional downstream cleaning.
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