07:27 AM EDT, 09/25/2025 (MT Newswires) -- First Atlantic Nickel ( FANCF ) earlier Thursday said it had doubled the RPM Zone strike length To 800 meters at its Pipestone XL Nickel Alloy Project in Newfoundland.

FAN reported that drill hole AN-25-08 intersected 491 meters of large grain, visibly disseminated awaruite (Ni3Fe) mineralization at the RPM Zone at the project formerly named the Atlantic Nickel Project).

The company said this "significant" intersection on Line S3, is the first reported drill hole from this section and extends the RPM Zone strike length to 800 meters north-south, doubling the strike length drilled during Phase 1. It added AN-25-08 "confirmed visibly disseminated awaruite throughout the length of the drill core, supporting the continuity of nickel-iron-cobalt alloy mineralization across the expanding RPM Zone footprint".

FAN noted Phase 2X drilling is expanding the RPM Zone at Pipestone XL with long intersections of visibly disseminated awaruite mineralization. It said step-out drilling has now confirmed continuous awaruite mineralization across three drill sections (S1, S2, and S3), each spaced approximately 400 meters apart. RPM Zone awaruite nickel mineralization currently extends 800 meters along strike and remains open in all directions, it added.

FAN said samples from Phase 2X drill holes have been submitted for whole-rock assay analysis and Davis Tube Recovery (DTR) metallurgical testing to evaluate magnetically recoverable nickel (DTR nickel grade). To date, the company added, DTR testing from the RPM Zone has returned magnetic concentrate grades averaging 1.38% nickel and 1.67% chromium. These results correspond to an average DTR nickel grade of 0.12% with a mass pull of 9.08%.

Shares in FAN were unchanged at $0.175 yesterday.