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Ramsden Metals

Eagle's Nest Critical Minerals Project  ·  Central Labrador, Canada

Eagle's Nest Critical Minerals Project

The Eagle's Nest Critical Minerals Project is Ramsden Metals’ flagship exploration asset in central Labrador. The project covers the Michikamats Intrusion, a large alkaline igneous complex prospective for rare earth elements, scandium, gallium, zirconium and niobium.

51.3km²
Approximate project area
approx. 125km
North of Churchill Falls
5
Critical minerals targeted

Location

Central Labrador, Canada

The Eagle's Nest Critical Minerals Project is located in central Labrador, Canada. The region is prospective for critical minerals and hosts several alkaline intrusive systems and related exploration projects. The project is accessible by air-supported exploration methods typical of remote Labrador programs.

Regional Setting Regional map showing the Eagle's Nest Critical Metals Project in central Labrador.
Eagle's Nest Critical Minerals Project regional setting, central Labrador. Source: Ramsden Metals investor presentation.

Project Facts

A large, coherent exploration target

Location
Central Labrador, approximately 125 kilometres north of Churchill Falls.
Project area
Approximately 51.3 square kilometres.
Geological target
The Michikamats Intrusion, a large alkaline intrusive system expressed as a circular magnetic feature.
Target commodities
Rare earth elements, scandium, gallium, zirconium and niobium.
Stage
Early-stage exploration with historical sampling and modern targeting work planned.
Satellite view of the Eagle's Nest Critical Metals Project with claim boundary.
Eagle's Nest Critical Minerals Project area and claim boundary over satellite imagery.

Geology & Targeting

A large alkaline intrusive system

The Eagle's Nest Critical Minerals Project covers a large alkaline intrusive system. Alkaline intrusions are a globally important geological environment for critical minerals because they can concentrate elements such as rare earth elements, zirconium, niobium, gallium and scandium during magmatic and hydrothermal processes.

Eagle's Nest
Aeromagnetic signature of the Eagle's Nest / Michikamats anomaly.
Scandium Canada's Crater Lake Property
Aeromagnetic signature of Scandium Canada's Crater Lake property, shown as a regional analogue.
Legend for the aeromagnetic maps: magnetic intensity colour scale.

Aeromagnetic comparison: the Eagle's Nest / Michikamats anomaly alongside Scandium Canada's Crater Lake property, shown as a regional geological analogue.

Note: Crater Lake is used as a regional geological analogue only. The presence of mineralization or resources at Crater Lake is not necessarily indicative of mineralization at the Eagle's Nest Critical Minerals Project.

Historical Exploration

Anomalous historical results

Historical exploration at the Eagle's Nest Critical Minerals Project included prospecting, scintillometer surveying and rock sampling. The 2010 program collected 127 rock grab samples across two perpendicular traverses through the circular magnetic anomaly. Selected samples returned anomalous rare earth element values, including a best reported sample of 9,111 ppm TREO. Historical data also reported gallium, zirconium and niobium values, while scandium was not included in the assay suite.

Important: Historical samples were selective grab samples and are not necessarily representative of average grade or mineralization across the project. Ramsden has not yet defined a mineral resource at the Eagle's Nest Critical Minerals Project.
Historical Sampling Historical rock grab sample locations and TREO values over the aeromagnetic anomaly.
2010 rock grab sample traverses and TREO values over the aeromagnetic anomaly.

Why It Matters

A large alkaline system, revisited with modern methods

The opportunity at the Eagle's Nest Critical Minerals Project is to revisit a large alkaline system using modern exploration methods and a broader critical minerals lens. Earlier work focused primarily on rare earth elements. Ramsden intends to evaluate additional critical minerals, including scandium and gallium, while also improving geological understanding of the system.

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