NICKEL CREEK PLATINUM ANNOUNCES CONFIRMATION OF THE CARBON UTILIZATION CHARACTERISTICS OF ITS WELLGREEN DEPOSIT | Daily News Byte

NICKEL CREEK PLATINUM ANNOUNCES CONFIRMATION OF THE CARBON UTILIZATION CHARACTERISTICS OF ITS WELLGREEN DEPOSIT

 | Daily News Byte

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TORONTO, December 16, 2022 /CNW/ – Nickel Creek Platinum Corp. (TSX: NCP) (“Nickel Creek” or “Company“) is pleased to announce the further results of the work carried out on behalf of the Company by dr. Gregory Dipple in CarbMinLab, University of British Columbia. This ongoing work indicates significant uptake of CO2 from the composite sample in bench testing. The results indicate a carbon sequestration capacity of approximately 34.4 kt CO2 per year (2.1 kt CO2 per Mt tailings).

We are very excited to announce that we have demonstrated significant carbon capture from the Wellgreen deposit,” he comments Stuart Harshaw, president and chief executive officer of Nickel Creek. “This presents an opportunity to capture carbon in the form of CO.”2 it will significantly reduce Nickel Creek’s overall carbon footprint. This will provide value to downstream processors of our nickel, particularly the EV battery market, where reducing our carbon footprint is a critical part of the green economy.”

A summary of the results is presented below with a detailed summary also available on our website.

summary

The Welgrin deposit, which is part of the company’s Nickel Shav project, contains extensive Ni-Cu-Platinum-Group (PGE) element mineralization predominantly hosted in ultramafic rocks. Its carbon capture and storage potential is being evaluated based on samples provided by Nickel Creek. Previous work at CarbMinLab confirmed the presence of brucite (a magnesium-rich mineral known to react rapidly with CO2 in air) in a subset of samples with concentrations ranging from 1 to 3% based on thermogravimetric analysis (TGA) and leaching tests. The mineralogical and total inorganic carbon (TIC) contents of the composite sample used in the current test are listed below in Table 1.

Passive reactivity of processed mine waste containing brucite from the Wellgreen deposit of the Nickel Shav Ni-Cu-PGM project (IT, Canada) was measured from the CO inflow2 into solution and increasing inorganic carbon from carbonate mineralization. The Wellgreen pulp composite captured 2.1 g of CO2 per kg for 28 days. A survey chamber was used to measure CO2 flow into the composite sample every four hours for 2 to 3 days. Deionized water was added to account for evaporation losses daily, five days a week. The composite was also mixed to homogenize the material and bring brucite to the surface five days a week. After 28 days, the experiment was completed and the TIC was measured (as a check for CO2 inflow measurements) on aerated subsamples to assess the increase due to mineralized CO2. Passive sequestration on the scale of kilotons of CO2 per year is possible and could have a significant impact on reducing the carbon footprint of mining the Wellgreen deposit.

Internal desktop evaluations approximate the generation of 9 to 16.4 Mt of tailings produced annually. On a mass basis, from the reactivity achieved in this study, this would allow a maximum sequestration of approximately 34.4 kt of CO2 per year (2.1 kt CO2 per Mt tailings). Passive rates are also limited by the rate of tailings deposition, the water content of the processed tailings, the type of tailings storage (subaerial vs. subaqueous), and the local climate. See Figure 1 below for a general scheme of tailings-based carbon capture.

It should be noted that the composite sample used in this study is not necessarily representative of the entire Wellgreen deposit. The company is evaluating further work that will include creating a mineralogical model based on the project’s geochemical database to assess the spatial distribution of rocks within the Wellgreen deposit that have high carbon sequestration potential.

Scientific and technical information

The scientific and technical information published in this press release has been reviewed and approved Cameron BellP.Geo., “Qualified Person” as defined in National Instrument 43-101 – Disclosure Standards for Mineral Projects (“NI 43-101”).

About Nickel Creek Platinum Corp.

Nickel Creek Platinum Corp. (TSX: NCP; OTCKB: NCPCF) is a Canadian mining exploration and development company and its principal asset is the 100% owned Nickel Shav project. The Nickel Shav Project is a large underdeveloped nickel sulphide project with a unique mix of metals including copper, cobalt and platinum group metals, located in Yukon, Canada, one of the most favorable jurisdictions in the world. The Nickel Shav project has exceptional access to infrastructure, located three hours west of White horse over the paved Alaska The highway, which further offers year-round access to deep sea shipping ports in southern Alaska. The company is also exploring other opportunities to create shareholder value.

The company is led by a management team with a proven track record in successfully discovering, developing, financing and leading large-scale projects. Our vision is to create value for our shareholders by becoming the leading producer of nickel, copper, cobalt and PGMs in North America.

Caution regarding forward-looking information

This press release includes certain information that may be considered “forward-looking information.” Forward-looking information generally can be identified by the use of forward-looking terminology such as “may”, “will”, “expect”, “intend”, “believe”, “continue”, “plans” or similar terminology , or its negative connotations. All information in this release, other than information of historical fact, including, without limitation, statements relating to the results of studies conducted by CarbMinLab on behalf of the Company (both their results and potential results), as well as general future plans and Objectives for the Company and the Nickel Shav project is forward-looking information that involves various risks and uncertainties. Although the Company believes that the expectations expressed in such forward-looking information are based on reasonable assumptions, such expectations are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking information.

For more information about the Company and the key assumptions, risks and challenges related to the forward-looking information discussed herein, as well as our business generally, investors should review the Company’s most recently filed annual information form and other continuing filings. disclosure of data available at www.sedar.com. Readers are cautioned not to place undue reliance on forward-looking information. The Company undertakes no obligation to update any forward-looking information, except in accordance with applicable securities laws.

SOURCE Nickel Creek Platinum Corp.

For further information: Stuart Harshaw, President and Chief Executive Officer, 1-416-304-9318, [email protected]

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