Renforth Resources is undertaking promising multi-target exploration of resources required for electric vehicle battery metals.
Renforth Resources aspires to prove our polymetallic Surimeau District Property to be one of Canada’s largest EV battery metals deposits. Surimeau, an underexplored >30,000 ha property located near Malartic, Quebec, hosts identified nickel, copper, zinc, cobalt, PGEs, gold, and silver in several locations, along with high priority lithium target areas.
There are six identified areas of polymetallic mineralisation within Surimeau so far, the most significant being Victoria West. Renforth’s current aggressive multi-target exploration on the property, while touching on each of these six identified areas, is particularly focused on the Victoria West showing, where nickel, copper, zinc, cobalt, and PGEs have been assayed on surface, continuously within the stripped area, and at depth in various holes drilled over >6km in strike length. Renforth is engaged in carrying out sufficient work to calculate a maiden 43-101 resource at Victoria West, while exploring the balance of the 20km magnetic anomaly which hosts Victoria West at its western end, and another showing, Colonie, at its eastern end, with no exploration on the anomaly between the two.
Renforth views the Victoria West area, with its ultramafic hosted nickel/cobalt/PGE mineralisation occurring coincident with a VMS copper/zinc mineralised system, to be a bulk tonnage open pit target, with mineralisation under very little overburden stretching for >6km. More work is required to deliver a 43-101 and explore development options and is already underway.
Surimeau is strategically located ~65km from Canada’s only copper smelter, Glencore’s Horne Smelter, which handles concentrate and recycling of strategic and precious metals. Anodes produced at Horne are sent to Glencore’s CCR Refinery, Canada’s only copper refinery, located in Montreal, Quebec. In addition to copper, CCR produces a nickel sulphate, gold, and silver. For Surimeau this means that any material mined in the future is efficiently located within an hour by road or rail to Canada’s only processing solution.
Initial discoveries at Surimeau have attracted the attention of neighbouring mining companies and peers, yet continue to be under the radar of general investors, while asset value is being created there, from the ground up, in the most cost-effective way possible, on a daily basis. In order to conserve cash resources management is paid in shares, taking no compensation money from the treasury. In addition to this, Renforth is backed by a wholly-owned gold deposit adjacent to Canada’s largest open pit gold mine, and shareholdings in other listed exploration companies which could provide several million dollars in financing. It is expected that Surimeau will continue to be under the radar of generalists until a maiden 43-101 is calculated for Victoria West, offering the technically informed and sophisticated investor an advantageous entry window.
Renforth’s Surimeau District Property is wholly owned with no royalties in place or any payments due, the only fixed costs associated with the property are typical work requirements as laid out by the Province of Quebec. Management, which possesses expertise in exploration, has assembled a team of consulting professionals who are leaders within their specialties in order to decisively move Victoria West forward to a resource.