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B26 Deposit

Unlocking Quebec’s Copper-Gold Potential

B26 is a High-Grade, Polymetallic Deposit in the Prolific Abitibi Greenstone Belt

The B26 Deposit, with an updated resource estimate of 18.5 million tonnes grading 2.17% copper equivalent, hosts approximately 550 million pounds of copper, 370,000 ounces of gold, and notable zinc and silver credits. This deposit stands as a foundational asset in supporting Quebec’s critical metals future.

The B26 Project leverages excellent infrastructure within a well-established mining district and offers significant exploration potential, remaining open both laterally and at depth. Active drilling and advanced exploration efforts are focused on positioning it as a premier polymetallic resource, essential to advancing the global energy transition.

Key Stats

550 million lbs

Copper

Gold

370,000 oz

Grade

2.17% CuEq

11.32 mt

Indicated

1.23%

Copper

1.27%

Zinc

0.46 g/t

Gold

31.9 g/t

Silver

7.17 mt

Inferred

1.56%

Copper

0.17%

Zinc

0.87 g/t

Gold

7.4 g/t

Silver

Key Facts

Resource Update From 2018

The updated estimate shows a 38% increase in contained copper, 15% in zinc, 29% in gold, and 22% in silver compared to previous estimates, highlighting the deposit’s growing economic potential.

Successful Exploration Program

Work during the 2024 exploration season included 13,510 meters across 44 new holes, which formed the foundation of the Company’s updated resource estimate.

Ownership

7-Year Option to earn 80% from SOQUEM Inc. (9.9% Equity, $14.5M Work Commitment & $400K Cash).

High Recovery Rate

Preliminary metallurgical testing has confirmed a 98.3% recovery on the Feeder Copper Zone and 96.1% on the Horizon Zinc Zone.

2024 Updated Resource Estimate

Responsive Table

Estimated Resources in the B26 Deposit
Zone	Tonnage (Mt)	Classification	Cu (%)	Zn (%)	Au (g/t)	Ag (g/t)	CuEq (%)	AuEq (g/t)
Feeder Cu	8.13	Indicated	1.64	0.09	0.61	5.9	2.09	3.33
Feeder Cu	6.92	Inferred	1.61	0.04	0.84	5.2	2.18	3.48
Horizon Zn	2.87	Indicated	0.22	4.45	0.08	96.1	2.30	3.65
Horizon Zn	0.21	Inferred	0.13	3.61	1.93	59.3	2.86	4.55
Remob Ag-Zn	0.32	Indicated	0.01	2.79	0.06	115.5	1.70	2.70
Remob Ag-Zn	0.03	Inferred	0.02	5.59	0.13	135.0	2.72	4.33
TOTAL	11.32	Indicated	1.23	1.27	0.46	31.9	2.13	3.39
TOTAL	7.17	Inferred	1.56	0.17	0.87	7.4	2.21	3.51

Notes

(1) The cut-off grade used underground is an in-situ value of 100 $/t (after processing recovery, equivalent to 1.09 % Cu, 3.50 % Zn, XX g/t Au or 165.9 g/t Ag).
(2) The copper equivalent, zinc equivalent, gold equivalent, and silver equivalent values are presented for comparison purposes.
(3) The mineral resources were estimated in compliance with Canadian Institute of Mining, Metallurgy and Petroleum standards. These mineral resources were reported in accordance with the NI 43-101 standards.
(4) Mineral resources do not constitute mineral reserves because they have not demonstrated economic viability.
(5) Inferred resources are exclusive of indicated resources.
(6) The effective date of these mineral resources is November 1, 2024.
(7) The resources are estimated with a cut-off on the combined value of a tonne of resource.
(8) The in-situ value of the resources as well as the Cu, Zn, Au and Ag equivalents are calculated with recoveries of Cu: 98.3 %, Zn: 96.1 %, Au: 90 %, Ag: 72.1 % and Pb: 44 % and prices of Cu: 9,370 $/t (4.25 $/lb), Zn: 2,976 $/t (1.35 $/lb), Au: 2,000 $/oz, Ag: 26 $/oz and Pb: 1.00 $/lb.
(9) All resources are presented in-situ and undiluted.

(10) All $ values are in US$ unless specifically noted.

(11) All figures are rounded to reflect the relative accuracy of the estimate. Numbers may not add due to rounding

Geology & Historical Results

The mineralization style at B26 is composed of stacked massive and semi-massive polymetallic sulfide lenses extending over a kilometer within a strongly dipping basin filled with felsic volcanics. Sulfide-rich mineralization is mostly hosted in rhyolite and associated tuffs. Two main types of mineralization characterize the deposit. The northern part of the mineralized system is characterized by chalcopyrite veins and veinlets hosted in sericitized and chloritized rhyolite. The southern portion of the system contains mostly disseminated to massive sphalerite, pyrite and galena mineralization, hosted in a dome of massive rhyolite. The zones are stacked in a sub-parallel pattern, oriented generally east-west, and dip 87° to the south.

B26 Deposit - Summary of Selected Historical Drill Results

Responsive Drill Results Table

Summary of Selected Historical Drill Results
Drill Hole	From (m)	To (m)	Length (m)	Cu Eq	Cu (%)	Au (g/t)	Zn (%)	Ag (g/t)
1274-13-117	269.5	359	89.5	2.32	1.95	0.46	0.08	5.47
1274-16-224	113.4	161.5	48.7	3.05	2.66	0.52	0.03	5.75
1274-16-238	583.8	628	44.2	2.55	0.07	0.05	3.45	158.33
1274-14-152	71.8	83.3	11.5	8.95	3.8	7.72	0.03	10.18
1274-14-174	482.5	532	49.5	1.90	1.63	0.25	0.14	6.94
1274-14-208	218	230	12	7.2	5.40	2.62	0.03	8.86

Notes:

1. The intercepts above are not necessarily representative of the true width of mineralization.

2. Copper Equivalent values calculated using metal prices of $4.00/lb Cu, $1.50/lb Zn, $20.00/ounce Ag and $1,800/ounce Au. Metal recoveries of 100% are applied in the copper equivalent calculation.

Location & Infastructure

The property is located 5 km south of the Selbaie mine and about 90 km due west of Matagami. It is accessible by a 7-km gravel road on forestry road 810 (gravel) that links the Selbaie mine to the former municipality of Joutel. A network of forestry trails provides access to the drill sites on the deposit. Hecla Mining’s Casa Berardi mine (2P Reserve of 1.3 Moz) is located 60 km south-west. The town of Matagami, a 130-km drive from the property, has a skilled workforce and is home to the Glencore mining complex. The infrastructure of the former Selbaie mine has been dismantled, but the power line is still operational.

Partnership with SOQUEM

SOQUEM, a subsidiary of Investissement Québec, is a leader in Quebec’s mineral exploration with over 50 years of expertise.

In 1997, SOQUEM drilled discovery hole B26-03, which intercepted 1.87 g/t Au and 2.89% Cu over 11.3 meters. Since that time, SOQUEM has systematically explored the project and drilled over 254 holes (115,311 meters). Results were incorporated in the company’s 2018 mineral resource estimate.

The complete database for B26 now includes 298 drill holes for a total of 129,184 m. Of these, 48 were drilled in 2024 by Abitibi Metals, 191 were drilled by SOQUEM from 2013, and 63 are considered historical.

In 2023, Abitibi Metals secured an 80% earn-in option on the project, building on SOQUEM’s legacy to unlock the full potential of this high-grade polymetallic deposit. Together, we aim to transform B26 into a flagship asset for Quebec’s mining future.

3D Model and Section

Project News

January 7, 2025

Abitibi Metals Shares Year-End Letter with Shareholders: The Path Forward in 2025

December 30, 2024

Abitibi Metals Announces Filing of NI 43-101 Technical Report for the B26 Deposit

December 17, 2024

Abitibi Metals Drills 4.9% CuEq over 5.1 Metres within 2.1% CuEq over 13.6 Metres at the B26 Polymetallic Deposit

Learn More

General Contact

info@abitibimetals.com
+1 519-900-9063

Office

1231 Huron Street
London, ON, Canada, N5Y 4L1

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