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Moving into development with a team of proven mine builders

ASX: ASO

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CURRENCY: AUD

Aston Minerals Limited (ASX:ASO) is a development phase mining company, advancing the Edleston Project, Ontario, which hosts a 1.044 Billion Tonnes resource at 0.27% Nickel, and 0.011% Cobalt.

Canada provides the ideal location for developing a mine, offering broad expertise, highly supportive government policy, and strong ESG credentials. Aston enjoys a positive relationship with First Nations Communities, including the Matachewan First Nations and Mattagami First Nations.

The nickel market is experiencing strong tailwinds, with demand from Plug-in Electric vehicles forecast to grow at 26.2% p.a. over the next 5 years. All the ‘jigsaw pieces’ of a successful mine – resource, location, community, team, and commodity, are present and ready to be assembled by Aston’s new team: the former executives behind successful companies including Lionore, Mantra, and Asanko.

Project Investment Highlights

New board and management team

  • Former executives behind successful companies including Lionore, Mantra, and Asanko
  • Over 180 years combined experience of building mines, including low grade nickel
  • Committed owners team at scoping study stage

JORC compliant Nickel Resource

  • Maiden resource in February 2023 of 1.044 Billion Tonnes at 0.27% Nickel, and 0.011% Cobalt
  • High grade zones: Hole 76 intersected 164m of 0.52% Nickel
  • 28,000m drilling completed to date and more drilling planned this summer

Tier 1 jurisdiction: Canada

  • Canada has long standing minerals industry and expertise, highly supportive government policy, and strong ESG credentials
  • Critical Minerals Policy published in December 2022 provides for $3.8 billion in funding
  • Project is near Timmins, Ontario, a major mining hub with all requisite infrastructure, personnel and hydro power available

Strategic commodity: Nickel

  • Nickel demand from Plug-in Electric vehicles forecast to grow at 26.2% p.a. over the next 5 years
  • Canada has shortlisted nickel as one of six critical minerals to support the development of
  • Aston’s Team has strong nickel experience, including the development of LionOre, a 85,000 tpa nickel operation acquired by Norilsk for $6.8 billion

JORC compliant Gold Resource

  • Sirola and Edleston gold projects within same tenement.
  • Maiden gold resource in January 2023 of 48.1 Mt at 1.00 g/t Au for 1.5 million ounces
  • Region boasts very large gold deposits such as Cote Lake (19 Moz), Timmins (71Moz) and Kirkland Lake (24 Moz), and drilling at Sirola is ongoing to test presence of extensions.

Positive relations with First Nations communities

  • Aston enjoys a positive relationship with First Nations Communities which is paramount for success of the project
  • Matachewan First Nations: “We look forward to continuing our relationship with Aston Minerals and advancing the Edleston Project”
  • Mattagami First Nations: ‘Aston Minerals has done a great job incorporating our values, wishes and needs, and we support this project as we go into the next stages“

Aston has both a nickel resource and a gold resource

Read more about our project

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