Piedmont

Piedmont Project, Northern Italy

The Piedmont Project comprises 5 licenses in Northern Italy, with the company in joint venture for 4 of these, focused on a 30km strike zone with multiple historic Nickel-Copper-Cobalt mines last operated during WW2.

Initial sampling results have revealed a range of significant metal grades of up to 2.48% Nickel, 6.38% copper, 0.19% Cobalt and 60.8g/t gold. Renewal of drilling permits is underway in conjunction with geophysics program design paving the way to progress the project.

In 2022 a ground EM survey was designed to target areas immediately surrounding known historic workings and mapped mineralisation trends from previous AGE fieldwork and sampling at the Piedmont Project. The use of ground EM is an industry accepted standard for the targeting and identifications of massive nickel sulphide bodies, representing the preferred mineralisation style targeted within the Project. The location of the survey within the Company’s combined Piedmont project package is reflected in Figure 1.

Figure 1: EM survey location on Piedmont Ni-Co Project licences

Interpretations from modelled data have highlighted notable conductive anomalies in four of the five EM survey grids. Modelling and interpretation of the new EM data remains ongoing with next key steps being to identify lithological properties from the samples collected and conduct further field reconnaissance to determine the actual cause of the identified EM anomaly.

Figure 2: Completed EM survey grids showing Channel 25 conductivity plots and historic nickel – cobalt working locations

Given the global focus on decarbonisation, the European Battery Alliance has been formed with the aim of establishing a domestic battery value chain within Europe, with Alligator Energy now a member.