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Palladium One, FCM's JV partner at West Pickle Nickel Project, Ontario, Canada
produced a Presentation at https://www.palladiumoneinc.com

Some highlights:
"New Nickel Camp. District Scale.
Near roads.
Near refinery.
Strategy: To drill BELOW 300m.
On the board is Dr Lightfoot, former Principal Geo at Inco/Vale.
Map showing West Pickle and other NICKEL DEPOSITS eg VOISEY BAY, Eagle [now bought by Wyloo of Twiggy fame] etc. It shows the veins of these deposits and that Eagle in terms of tonnage is about 1/10 of Voisey Bay, hence why Eagle was sold for some $400m+ and Voisey Bay for $4bn+. Inco had the Voisey Bay project and later to Vale.

Kindly check as this is from recall reading the presentation a few days ago.
Also, the distance between Palladium One's TYKO and West Pickle is 20km.
For this reason, the Hole 76 is of interest at West Pickle as it is 500m from FCM's 100% owner licence. DYOR.

Article came out on Sun, 7:56pm.

I have just read it. Some highlights:
"WPL is about 8% of a 90kmm2+ district scale property, so it is fair to say going forward we expect the GREATER OPPORTUNITY her exists on OUR 100% OWN PROPERTY" [WPL= West Pickle Lake Ontario, Canada]

"..Early 2023 start to get out a considerable amount of PENT UP news flow."

Just checked Twitter #fcm and one poster had some notes on Pickle Lake JV - Hole 67 which is 500m to FCM's 100% licence may be the FEEDER system?

Oh, CEO of FCM also said: "BARRICK , fairly close.
Other limb- Hemlo Belt, gold endowed."
"Nearology."
I dont know much about this project as I am concentrated on Nickel and copper is a great plus at Hemlo North & JV Pickle Lake, Ontario, Canada.

Stockbox Interview with CEO of FCM, 3 hrs ago with Q & A as well:
"HIGHEST Nickel in Decade in Hemlo.
Asked by Mark about the "FCM share price BUCKING the trend", cash position,
the project near BARRICK GOLD [23moz gold] and the NORTH HEMLO property which FCM owns 100% and whether they are interested in a JV etc. The CEO also mentioned no one did a comprehensive survey over the entire area ie high definition magnetic survey via heli on a 50m and 25m spacing. Think CEO of FCM said he is meeting with his counterpart next week?
Have a listen and check for any errors at https://twitter.com/MarkEFairbairn/status/1600566497453445120 3 hrs ago, Wed, 7 Dec 2022.

The answer for the SP bucking the trend is due to drilling results shortly after the their listing .CEO mentioned that HELMO is the flagship for the co. Think he also said that FCM will do prospecting, survey on their 100% property , 500m from Hole 76 of their JV with Palladium One.

I have been looking up where Noront Resource's Eagle Nest was, Ontario, Canada.
BHP and Wyloo fought over building Noront for the nickel deposit.
Wyloo [Andrew Forrest known as Twiggy, Oz] won in the bidding.

Wyloo was renamed Ring of Fire.

Pickle Lake [FCM/PDM] - to the NORTH NORTH EAST is Noront's Ring of Fire, Ontario, Canada.

Wyloo is looking for more nickel in their own exploration patch in Quebec as well.

Interesting.

FCM tweeted the above interview today, Tues, 6 Dec 2022:
https://twitter.com/FirstClassMetal/status/1600106692540354561

Highlights:
"3 days at Mines and Money, London.
Yesterday, back to back.
People who dropped by: TORONTO Stock Exchange, investors [inc those who came due to the people at their booth], lots of interested parties.
Palladium One has 2 rigs at West Pickle - they have to spend the money end of yr.
People are astounded at FCM in the current market -money for the right project re:$$.

Hole 75, not on JV property but 100m [not sure I heard correctly as its is 500m from recall]
, south west, TRENDS -system extends to FCM 100% property.

ECONOMIC WIDTHS.
The grades and widths read out of Hole 70.

DOWNHOLE EM. Indicate finding vector, extending."

Please kindly listen as one can make errors. Tomorrow, Stockbox is doing a premiere on FCM besides a few more co's so more to come.

Renken of VSA talked of 3 co's and FCM was one f them relating to Mines & Money.
Paul Renken is going to see the results coming out of Tyko from Palladium One, the JV partner of FCM. Renken said the co is looking for nickel and PGMS.
He also said that "mineralisation extends into their property." [their as in FCM].

First Class Metals posted it on their twitter dated Thur, 1/12/22
https://twitter.com/FirstClassMetals

Have a listen and check.

"The Story of Voisey Bay."-Part 2 of 3
https://www.visualcapitalist.com/the-story-of-voisey-bay-the-auction-part-2-of-3/

"33m HIT.
2.23% NICKEL, 1.47% COPPER & 0.123% cobalt.
[They knew they were on to something]

Hole 0-6 : Found nothing.

Hole 7:
104m
3.9% Nickel
2.8% Copper & 0.14% Cobalt.
Found the OVOID.

More nickel came from the OVOID every mth, sp continued to rise.

A SERIES of deposits at Voisey Bay, Labrador, Canada.
3.3% Nickel known as the Eastern Deeps.

Hole 8
111m
3.79% Nickel.
2.78% copper & 0.13% Cobalt.

Surface dimensions 800m x 350m.
Extends to depth of around 125m.
SOLD FOR C$4.5 BILLION."

Notes: Voisey Bay, from other data elsewhere had a strike of >60km.
Today, FCM CEO told MarketBullAU, that Pickel West has a strike of 20m.
However, when POW owned it [JV area and 100% FCM area, they described it
as exploration district potential of 60km.].

However, I believe I have seen underground ops at Voisey Bay but I guess that was later
that it went deeper. Will need to check, hence I would like to know West Pickle's DOWN-HOLE data.

So, compare the results. More to come as at the JV, Pickel West has several zones -check the RNS if interested.

£10m mkt cap at 15p mid-price.
Thur, 1 Dec 2022.
Oh, FCM's CEO said that they just IPO'ed 4 months ago.
Johnson [Paul] has been looking for his major discovery and although POW still owns 28% of FCM, it may have slipped by POW? Paul Johnson, re-structured GGP at 0.10p and brought in G.Heddle but Paul has a target of 9x and he sells. What a fortune Paul would have made
at Havieron as GGP hit 40p+ at one stage. All the stuff of dreams. So, got to wait to see
what one has at FCM.

Just listened to the interview as above today.
Go to Twitter, type #FCM and two posters gave the link.
What I could make out:
"Spectacular grades {West Pickle, Ontario, Canada re: Nickel/copper]
One of the highest grades in Ontario.
Hole 76, West of West Pickle, 500m to FCM's 100% licence.
Hole 70 reported -gave the RNS grades.
FCM's licence ON TREND.
Esa samples to come [another property]."
Question: Anything for 2023? Cant say , smile broadly, "WATCH THIS SPACE."

First Class Metal RNS, 29.11.22 [Tues]:
West Pickle Lake [JV with Palladium One] : "Property hosts nickel, copper & cobalt. West Pickle Lake represents a NEW MAJOR NICKEL DISTRICT which host 5 known nickel sulphide zones along a 20KM trend.

"Massive sulphide DISCOVERY in Ontario, Canada - West Pickel discovery occurs in the Pzim claim bloack of the LARGER HEMLO claim block 100% owned by First Class Metal [FCM]."
--
On Twitter, someone tweeted last night that POW who originally owned the whole property
paid £250,000 and turned it into £3m. FCM then JV'ed part of West Pickle to Palladium One of Canada but retained 100% of the larger block. POW owns 28% of FCM.
Yesterday's RNS also mentioned that the JV is close to the FCM's 100% North Hemlo licence.
From recall, it was 500m away from other info.

Wonder what the downhole data shows as Sudbury had underground operations as well.
Got to wait for the Crux Investors interview coming on Palladium One to see what they say.

Only 12 trades for the day @1pm, so not many are aware of this stock.
DYOR.

Power Metals owned the property at North Hemlo -UP TO 65KM strike.
[To check, just type Power Metals, North Hemlo and the info will come up.]

Power Metals sold the property to FCM for $1m and bought shares as well , so that today, POW owns 28% of FCM.

The project that Palladium One is drilling is about 500m thus far and POW said at the time, their project was a DISTRICT scale opportunity. Not difficult to see why from the potential strike length.

I am sure the CEO will give an interview but prior to today's RNS, his did talk about Hole 70.

To some extent, the greater part to come potentially is from FCM's 100% owned
licence, some 500m from the current Palladium One drilling [RNS today, Tues, 29 Nov 2022].

We should know more in the coming interviews by Crux Investor as they said on Palladium One and maybe the FCM CEO also will do an interview.

Interesting times.

panda1-that's why I was not so interested initially but Pallladium One's Tyko [JV] in Canada goes into FCM's 100% property [about 500m across].

Type "SUDBURY NICKEL SOLD TO VALE."
Top line: "Vale entered the Canadian nickel mine in 2006 when it paid $19.6 Billion to INCO.

Type: Falconbridge Ltd Commission Filing, Data Online."-12 June 2006
"60km strike."
"Inferred 29m grading 1.8% nickel and 2.6% copper."

Its not me making the remark on CEO.CA Palladium One [JV partner of FCM] by small fish but I decided to check further on Sudbury nickel.

DYOR.

Palladium One in Canada is the JV partner for FCM in Canada.
CEO.CA. PDM
https://ceo.ca/PDM

"@ Crux Investors on CEO.CA.PDM : Guys, we're interviewing PDM THIS week, any
questions." 6 hrs ago, Tues, 29 Nov 2022, after RNS.

"Small fish: "$PDMs Tyko project is starting to look more and more like SUDBURY."
Last and latest post on $PDM.

Crux Investors had already interviewed Palladium One before today's RNS from PDM.
So, the coming interview will be interesting.

Not only very high grade nickel grade but the copper is also very high grade as above.

I have been in for some time now but didnt post. But I thought the Canadians
posts on PDM was interesting today.

FCM has a mkt cap of £10m at 15p mid-price.
Of interest is the this PDM project per FCM RNS today goes into FCM's 100% licence!!

"Chinese in mad rush for Zimbabwe new oil."-Zimbabwe Mail, 1 Nov 2022
https://www.thezimbabwemail.com/bsines/chinese-in-mad-rush-for-zimbabwe-new-oil/

"..Zimbabwe has not spared in the scramble for he new oil.

Zimbabwe which is believed to hold some of the largest unexplored lithium resources in the world is among the countries that Chinese minerals have been targeting in the LAST TWO YEARS."

"Suzhou bought shares worth US$15.7 million from PREM ..developing Zulu nea Bulawago."

[All the other co's named]

Leave that to the others to answer.

Right thread.
Everyone was discussing the Valmin code - XTR valuation also may have to go to an independent valuation relating to Bushranger re:AA.

So, everyone wanted to know how Havieron's independent valuation would turn out as that was agreed by both JV partners.

So, just updating in case, no one discussed it as everyone was waiting for the valuation to come out. I was busy and could not post.

Independent Valuer has come and gone.
Us folks were waiting for the valuation to come out on another explorer.
The 5% was valued by the independent valuer to be $60m.
The rest $300m from recall but check of the 25%.
Total implied was $1.2bn.
The major did not seem to like it?

Tis.

"Spotlight: Mining Law in Ecuador."- Lexology, 1 wk ago:
contd:

"The Ecuadorian mining Cadastre remained CLOSED, making associations & JOINT VENTURES the best manner to participate in MINING PROJECTS related to PREVIOUSLY GRANTED CONCESSIONS as exploration co's are CONTINUING WITH MINING CONCESSIONS w to conduct MINING ACTIVITIES."

To read and check, call up the title.
Thur, 20 Oct 2022