The Turnagain Project, located in north central British Columbia, is among the largest undeveloped sulphide nickel deposit in the world in terms of total contained nickel. Giga Metals has 100% ownership of the project. Composited data from 204 drill holes was used to establish a 43-101 compliant resource, which includes measured plus indicated resources of 865 million tonnes @ 0.21% nickel and 0.013% cobalt, or 4 billion pounds of nickel and 250 million pounds of cobalt. Inferred resources are an additional 976 million tonnes @ 0.2% nickel and 0.013% cobalt, which translates to another 4 billion pounds of nickel and 280 million pounds of cobalt.
Extensive metallurgical test work has shown that a simple flow sheet using froth flotation can reliably create a clean concentrate grading 18% nickel and 1% cobalt, which is a very desirable product that can be upgraded to class one nickel of very high purity for use in lithium ion batteries. The cobalt byproduct is another critical element for batteries.