Nickel Creek Platinum Corp. announced further results from work being conducted on behalf of the Company by Dr. Gregory Dipple at CarbMinLab, University of British Columbia. This ongoing work indicates significant uptake of CO2 from a composite sample in bench-top testing.

The results indicate a carbon sequestration capability of approximately 34.4 kt CO2 per year (2.1 kt CO2 per Mt tailings). The Wellgreen deposit, which forms part of the Company's Nickel Shäw Project, contains extensive Ni-Cu-Platinum-Group Elements (PGE) mineralization dominantly hosted in ultramafic rocks. It is being assessed for its potential for carbon capture and storage based on samples provided by Nickel Creek.

Previous work at CarbMinLab confirmed the presence of brucite (a magnesium-rich mineral known to react quickly with CO2 in air) in subset of samples with concentrations ranging from 1 to 3% based on thermogravimetric analysis (TGA) and leach tests. The passive reactivity of brucite-bearing processed mine waste from the Wellgreen Deposit of the Nickel Shaw Ni-Cu-PGM Project (YT, Canada) was measured from the influx of CO2 into solution and the increase in inorganic carbon from carbonate mineralization. A composite of Wellgreen pulps captured 2.1 g CO2 per kg over 28 days.

A survey chamber was used to measure CO2 influx into the composite sample every four hours for 2 to 3 days at a time. Deionized water was added to account for evaporative losses daily, five days a week. The composite was also churned to homogenize the material and bring brucite to the surface five days a week.

After 28 days, the experiment was completed, and TIC was measured (as a check on the CO2 influx measurements) on carbonated subsamples to assess the increase due to mineralized CO2. Passive sequestration on the scale of kilotonnes of CO2 per year is possible and could have a significant impact on reducing the carbon footprint from mining the Wellgreen deposit. Internal desktop evaluations approximate the generation of 9 to 16.4 Mt of tailings generated per year.

On a mass basis, from the achieved reactivity in this study, this would enable maximum sequestration of approximately 34.4 kt CO2 per year (2.1 kt CO2 per Mt tailings). Passive rates are also limited by the rate of tailings deposition, the processed tailings water content, the type of tailings storage (subaerial versus subaqueous), and the local climate.