Nickel Creek Platinum Announces Confirmation of the Carbon Absorbing Characteristics of Its Wellgreen Deposit
NICKEL CREEK PLATINUM ANNOUNCES CONFIRMATION OF THE CARBON ABSORBING
CHARACTERISTICS OF ITS WELLGREEN DEPOSIT
TORONTO, December 16, 202 2 - Nickel Creek Platinum Corp. (TSX: NCP) (" Nickel Creek " or the
"Company") is pleased to announce 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).
“We are very excited to announce that we have demonstrated substantial carbon capture from the
Wellgreen deposit,” commented Stuart Harshaw, President and Chief Executive Officer of Nickel Creek.
“This represents an opportunity to capture carbon in the form of CO 2 that will significantly reduce Nickel
Creek’s overall carbon footprint. This will provide a value to the downstream processors of our nickel, in
particular the EV battery market, where reducing the carbon footprint is a critical part of the green economy.”
A summary of the results is presented below with a detailed summary also available on our website.
Summary
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 therm ogravimetric
analysis (TGA) and leach tests. The mineralogy and Total Inorganic Carbon (TIC) content of the composite
sample used in the current test work is listed below in Table 1.
Table 1. Composite mineralogy and initial Total Inorganic Carbon (TIC) characterization results.
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 CO 2.
Passive sequestration on the scale of kilotonnes of CO 2 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. See Figure 1 below for a general schematic of ta ilings-based carbon
capture.
Figure 1. General schematic of carbon capture in ultramafic mine tailings
It should be noted that the composite sample used in the current study is not necessarily representative of
the overall Wellgreen deposit. The company is evaluating further work which will include the creation of a
mineralogy model based on the project’s geochemical database to assess the spatial distribution of rocks
within the Wellgreen deposit that have high potential to sequester carbon.
Scientific and Technical Information
The scientific and technical information disclosed in t his news release was reviewed and approved by
Cameron Bell , P.Geo. , a “Qualified Person” as defined in National Instrument 43 -101 – Standards of
Disclosure for Mineral Projects (“NI 43-101”).
About Nickel Creek Platinum Corp.
Nickel Creek Platinum Corp. (TSX: NCP; OTCQB: NCPCF) is a Canadian mining exploration and
development company and its flagship asset is its 100% -owned Nickel Shäw Project. The Nickel Shäw
Project is a large undeveloped nickel sulphide project with a unique mix of metal s including copper, cobalt
and platinum group metals, located in the Yukon, Canada, one of the most favourable jurisdictions in the
world. The Nickel Shäw Project has exceptional access to infrastructure, located three hours west of
Whitehorse via the pave d Alaska Highway, which further offers year -round access to deep -sea shipping
ports in southern Alaska. The Company is also investigating other opportunities for shareholder value
creation.
The Company is led by a management team with a proven track reco rd of successful discovery,
development, financing and operation of large -scale projects. Our vision is to create value for our
shareholders by becoming a leading North American nickel, copper, cobalt and PGM producer.
Cautionary Note Regarding Forward-Looking Information
This news release includes certain information that may be deemed "forward-looking information". Forward-
looking information can generally be identified by the use of forward -looking terminology such as "may",
"will", "expect", "intend", "believe", "contin ue", "plans" or similar terminology, or negative connotations
thereof. All information in this release, other than information of historical facts, including, without limitation,
statements relating to the results from the studies being conducted on behalf of the Company by
CarbMinLab (and the results and potential results thereof), and general future plans and objectives for the
Company and the Nickel Shäw Project, are forward -looking information that involve various risks and
uncertainties. Although the C ompany believes that the expectations expressed in such forward -looking
information are based on reasonable assumptions, such expectations are not guarantees of future
performance and actual results or developments may differ materially from those in the f orward-looking
information.
For more information on the Company and the key assumptions, risks and challenges with respect to the
forward-looking information discussed herein, and about our business in general, investors should review
the Company's most recently filed annual information form, and other continuous disclosure filings which
are available at www.sedar.com. Readers are cautioned not to place undue reliance on forward -looking
information. The Company does not undertake to update any forward -looking information, except in
accordance with applicable securities laws.
Nickel Creek Platinum Contact:
Stuart Harshaw
President & Chief Executive Officer
1-416-304-9318