Data obtained using The Metals Company’s improved and cost-effective sampling methodology during NORI’s 2018 exploration campaign resulted in upgrades of ‘inferred’ base metal resources to ‘measured’ and ‘indicated’. There was a substantial 51% increase in resource tonnage for the upgraded areas when compared with the previous inferred resource estimate for the same area, giving the company confidence in its ability to upgrade the remainder of the inferred mineral resources in the NORI Project area.
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In accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”), a technical report for the NORI Area D Clarion – Clipperton Zone Mineral Resource Estimate, dated 22 July 2019 (the “Technical Report”) will be filed on SEDAR and available here.