PROJECTS

Eagle’s Nest

eagles nest

Overview

Eagle’s Nest is a high-grade nickel-copper-platinum-palladium deposit located in the Ring of Fire region of Northern Ontario. It is 100% owned by Wyloo Metals and is one of the largest undeveloped, high-grade nickel-sulphide deposits in the world.

On the basis of our existing exploration work, the project will have an initial mine life of 11 years, with the potential for a 9-year extension. Eagle’s Nest will produce modest volumes of high value product via selective underground mining methods that minimize surface disruption. The produced ore will be processed into 150 to 250 thousand tonnes of nickel-bearing concentrate per year.

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The proposed Eagle’s Nest project has sustainability at the heart of its design, and will set a new benchmark in the area of responsible mine development. The highlights of this project include:

  • A small 1km2 footprint and selective underground mining method, resulting in minimal surface disruption;
  • The first mine of its kind to have all its tailings remain underground in the form of backfill, eliminating the need for a tailings impoundment area;
  • 100% of process plant water will be recycled to minimize the discharge of effluents and total water usage.

Wyloo Metals is also investigating the application of other sustainable technologies to complement the existing design, including:

  • The use of electric vehicles at site and underground, and hydrogen-fuelled haulage truck fleets;
  • The development of renewable wind power at site; and
  • The use of ultramafic waste rock to capture and sequester carbon.

Eagle’s Nest is essential to Northern Ontario’s Critical Minerals Strategy

Wyloo Metals supports Ontario’s Critical Minerals Strategy, particularly its emphasis on creating resilient domestic supply chains; investing in innovation, research and labour supply; and, critically, building economic development opportunities with Indigenous partners. Eagle’s Nest has the potential to be a secure, multi-generational source of critical metals to Canadian industry. Wyloo Metals has reaffirmed its four commitments to community engagement and sustainable development of Eagle’s Nest, which are well aligned to the province’s ‘grass-roots’ strategy:

  1. Developing Eagle’s Nest as a net zero emissions mine
    We will extend ourselves beyond the status quo to adopt the latest processes and technologies at Eagle’s Nest, to minimize our environmental impact in pursuit of our goal: producing the metals critical to a low-carbon future.
  2. Committing C$25 million toward feasibility studies to investigate the potential for battery material production in Ontario
    We will investigate the potential to produce, in Ontario, the raw materials to supply the emerging battery market, creating a secure critical material supply chain and retaining the maximum proportion of Canada’s precious mineral value within the country.
  3. Targeting C$100 million in contract awards to First Nations businesses
    Through genuine partnership, Wyloo Metals will provide opportunities for First Nation businesses to participate in the economic benefits provided by the Ring of Fire development by making direct contract awards, assisting with access to capital, and providing practical business support.
  4. Creating and sustaining Northern Ontario and First Nations’ employment opportunities
    We will establish a Training and Employment Centre that provides guaranteed employment for trainees upon completion, empowering First Nation and regional communities.

Geology and mineralization

Eagle’s Nest is associated with an ultramafic sill complex situated at the contact between a large tonalite body to the northwest, and a volcanic sequence to the southeast. At over 15km in strike length and up to 1.5km in thickness, this sill complex is believed to consist of at least two individual sills known as the Double Eagle Intrusive Complex and the Black Thor Intrusive Complex. Both contain an ultramafic keel and/or feeder dyke with attendant Ni-Cu-PGE mineralization, overlain by crudely layered accumulations of dunite, peridotite and chromitite and capped by pyroxenite and gabbro.

Reserve and Resource

The mine currently has over 20 million tonnes of measured, indicated and inferred resources containing high-grade nickel mineralization with significant copper, palladium and platinum content.

eagles-nest-mineral-table