Cygnus Metals

Cygnus’ Auclair Project is a large 417 square kilometer landholding located just 60km north-east of the Whabouchi lithium mine (55.7Mt @ 1.4% Li2O), owned and operated by Nemaska Lithium.

Cygnus Metals is exploring and developing the high grade Chibougamau Project located in Central Quebec. This hub and spoke development opportunity hosts a combined resource of 14.9Mt at 3.3%CuEqwith 6.4Mt at 3.0%CuEq(M&I) and 8.5Mt at 3.5%CuEq(Inferred), making it a rare near-term copper-gold development opportunity with established infrastructure

Gold exploration and development project

The company announced a Maiden Inferred Resource Estimate (MRE) of 10.1Mt at 1.04% Li2O which was delivered within 12 months of acquisition of the project. The MRE is defined over 1.2km of strike, demonstrating significant growth through recent exploration. Mineralisation remains open in all directions with spodumene mineralisation confirmed up to 9km from the Pontax Central resource, highlighting the huge upside potential at Pontax.

The Sakami Project is a significant landholding of 118 square kilometres covering the highly prospective La Grande greenstone belt.  The property is located just 44 kilometers  west of Patriot Battery Metals’ (ASX:PMT) Corvette deposit (109.2Mt @ 1.42% Li2O) and adjacent to Winsome Resources’ (ASX:WR1) Cancet discovery.  The project has excellent infrastructure being located on the Trans-Taiga all weather access road and Hydro Quebec power lines running through the property.