Aston Minerals Limited – Leading edge mineral exploration

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.

Edleston Project Our Experienced Team

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“