Sudbury, Ontario, October 23, 2025 – SPC Nickel Corp. (TSX-V: SPC) (“SPC Nickel” or the “Company”) is
pleased to announce the start of a 1,000 metre diamond drilling program designed to test a series of highconductivity electromagnetic (EM) anomalies located down-dip of the Company’s LKE Resource (“LKE”), on its
100%-owned Lockerby East Property (“Lockerby East”) in the heart of the world-class Sudbury Mining Camp.
This program represents the first modern drill testing of the deeper portions of the Lockerby East mineralized
system and is aimed at evaluating the potential for a new, high-grade nickel-copper-PGM (Ni-Cu-PGM) discovery
associated with the Sudbury Igneous Complex (SIC) contact - an area well known for hosting high-grade
mineralization. See Figure 1.
Grant Mourre, CEO of SPC Nickel, commented, “We are excited to drill the high conductivity features that are
down-dip from the known LKE Resource. Given that the grade of mineralization on the property continues to
improve with depth, the proximity of the target to the past producing Lockerby Mine and the exceptional quality of
the conductive feature, this target is of the highest quality for Sudbury-style massive sulphide mineralization.”
Target Overview
• Drilling Details: The Company will complete a 1,000 metre wedge cut off of an existing hole to test the
defined target area.
• Geophysical Interpretation: Targets were defined based on a re-interpretation of downhole geophysical
data from several re-surveyed drillholes originally completed by Falconbridge Ltd. and First Nickel Inc.1
• Conductor Strength: The target area contains multiple strong conductors (ranging from 2,000 to
>20,000 siemens) over a 1,000 metre plunge (or dip) length.
• Target Potential: The Lockerby Depth Zone located 1,500 metres to the east contained an estimated
5.8Mt of ore grading @ 2.36% Ni and 1.29% Cu (past production + reserves + resources)2
. The
Lockerby Depth Zone shares many similarities with the target area, including depth, size and geology.
• Proximity to Known Mineralization: The EM conductors are located less than 100 metres down-dip of
the LKE Resource, where previous drilling by First Nickel Inc. intersected 5.60% Ni and 1.26% Cu (9% Ni
tenor) over 10.0 metres3
, and approximately 375 metres down-dip of existing underground infrastructure
related to past production at the LKE Resource.
• Mineralization Trend: Within the broader West Graham - LKE system, nickel, copper, and precious
metal grades and tenors are known to increase with depth.
About the LKE Deposit
Discovered in 1968 by Falconbridge, the LKE Resource is located approximately 1,500 metres east of the former
Lockerby Mine that produced an estimated 9.6Mt of ore (past production + reserves + resources)1 grading 1.83%
Ni and 1.08% Cu over 44 years, from 1971 to 2015 and 200 metres down-dip of the West Graham Resource
where in 2023 the Company announced an in-pit maiden mineral resource estimate of 19.3Mt grading (indicated)
0.42% Ni and 0.28% Cu as well as 3.3Mt grading 0.37% Ni and 0.28% Cu in the inferred category4
(See news
release here). The LKE mineralization is predominately contact style, with narrow (less than 5 metres thick) highgrade semi-massive to nearly massive breccia sulphide veins anastomosing proximal to the folded granite
footwall contact. LKE sulphide mineralization is characterized by a high pentlandite to pyrrhotite ratio with the
overall grade, tenor and PGM content of the mineralization increasing with depth. Historical drilling completed by
First Nickel Inc. returned values as high as 5.60% Ni and 1.26% Cu over a core length of 10.0 metres3
.
The LKE Mineral Resource Estimate (effective as of December 4, 2023) includes4
:
• Indicated Resources of 665,000 t @ 1.17% Ni, 0.28% Cu
• Inferred Resource of 124,000 t @ 0.99% Ni, and 0.42% Cu3
.
The deposit remains open down-dip and is in close proximity to Sudbury’s established mills, smelters, and power
infrastructure.
Historical estimates are based on available public data. The Company considers the historic mineral estimates to
be relevant to an understanding of the Lockerby East Property but has not done any work to validate the estimates..

see & read more on
https://spcnickel.com/site/assets/files/5916/oct23_2025_em_target_drilling_final.pdf