Pivotal Metals Boasts 341kt CuEq Pit-Constrained Resource and $6.4M Cash

Strategic Positioning in a Premier Jurisdiction

Pivotal Metals Limited (ASX – PVT) has presented a comprehensive investor update showcasing its high-grade copper and gold projects located in Quebec, Canada; a globally recognized tier 1 mining jurisdiction. The company’s flagship assets, the Horden Lake and Belleterre projects, benefit from Quebec’s established infrastructure, low-cost renewable hydropower, and supportive regulatory environment, positioning Pivotal well to advance exploration and development efficiently.

Quebec’s mining-friendly policies, including generous flow-through share tax incentives and direct government grants, provide tangible financial advantages. Pivotal’s recent metallurgical testwork grant and access to a $1 billion natural resource fund underscore the province’s commitment to critical metals development.

Horden Lake – A Leading Pit-Constrained Copper Resource

The Horden Lake project stands out on the ASX as one of the few high-grade, pit-constrained copper deposits. With a 2025 mineral resource estimate of 37 million tonnes at 1.1% copper equivalent, including 341,000 tonnes of copper equivalent within an open-pit shell, the deposit offers a low-risk, scalable production pathway. The deposit’s shallow geometry and proximity to highways, rail, and smelters reduce capital expenditure and operational complexity.

Metallurgical testwork confirms excellent recoveries of copper (87-94%) and significant by-product credits from nickel, gold, silver, and platinum group metals. The clean concentrates produced are attractive to smelters, enhancing project economics and potential financing options such as streaming agreements.

Belleterre – Exploration Upside with High-Grade Targets

The Belleterre project, covering a 160 km² land package in the Canadian Shield greenstone belt, hosts multiple high-conviction drill-ready targets. Notably, the Lorraine target features bonanza-grade gold intersections, including 28 meters at 45 g/t gold from underground channel sampling. Historical drilling has been limited, with recent geophysical surveys revealing new conductors and extensions to known mineralization.

Targets such as Alotta and Midrim show strong electromagnetic anomalies beneath high-grade copper-nickel-platinum group metal mineralization, indicating significant discovery potential. Pivotal’s strategy focuses on expanding these zones with systematic drilling supported by extensive geophysics.

Robust Financial Position and Experienced Leadership

Pivotal Metals is well capitalized with a pro forma cash balance of approximately $6.4 million following a recent placement that included flow-through shares at a premium. This funding supports a fully financed 5,000-meter drilling program planned for 2026, alongside ongoing geophysical campaigns to refine and expand targets.

The company’s board and management bring deep expertise in mining, capital markets, and exploration, with a strong alignment of interests demonstrated by significant insider participation in recent placements. Institutional backing, including from Powerhouse Ventures, adds further credibility to Pivotal’s growth trajectory.

Copper Market Dynamics Bolster Project Appeal

The global copper market fundamentals remain robust amid accelerating demand driven by electrification and industrial growth, particularly in emerging economies. Supply constraints and a paucity of advanced-stage projects on the ASX amplify the strategic value of Pivotal’s assets. The company’s focus on critical metals aligns with broader market themes emphasizing sustainable and secure supply chains.

With a clear development pathway, strong exploration upside, and strategic jurisdictional advantages, Pivotal Metals is poised to capture value as copper markets tighten and investor interest in critical metals intensifies.