Pivotal Metals Targets High-Grade Gold and Copper with $5.4M Boost

Exploration Momentum Builds After Financing

Pivotal Metals Limited (ASX – PVT) has announced a significant acceleration in field activities across its Belleterre projects in Quebec, Canada, following a successful $5.4 million capital raise. This fresh funding has enabled the company to mobilise geophysical survey crews and field teams to refine and validate high-grade gold, copper, nickel, and platinum group metals (PGM) targets ahead of a planned drilling campaign scheduled for late in the fourth quarter of 2025.

Targeting High-Grade Gold and Massive Sulphides

The exploration focus is centred on several priority targets within the Belleterre-Angliers Greenstone Belt, a prolific mineral region known for its rich polymetallic deposits. Key among these is the Lorraine gold corridor, where an induced polarisation (IP) survey is set to commence, aiming to delineate sulphide-rich vein systems associated with historic high-grade gold and copper mineralisation. Notably, channel samples from underground workings have previously returned exceptional grades, including 28 metres at 45 grams per tonne gold.

In parallel, follow-up electromagnetic (EM) surveys are planned at the Lorraine massive sulphide mine, a historic producer of copper, nickel, and gold. These surveys seek to identify new conductive anomalies that could represent extensions of the known mineralisation or entirely new deposits. The Alotta-Midrim-Lac Croche belt also remains a high priority, with a large-scale winter FLTEM survey planned to cover a 15km by 8km area, targeting multiple undrilled conductive anomalies interpreted as potential sulphide accumulations.

Strategic Financing and Institutional Support

The recent $5.4 million placement attracted strategic and institutional investors, including prominent Australian resources investor Matthew Latimore, who is set to become a substantial shareholder. This capital injection includes $1.1 million in non-dilutive funding via the Canadian flow-through share scheme, underscoring confidence in Pivotal’s Quebec portfolio and enabling an intensified exploration program.

Strong Infrastructure and Regional Advantages

The Belleterre projects benefit from their location within the well-established Abitibi greenstone belt, a world-class mining district with extensive infrastructure. The proximity to existing milling facilities, such as Agnico Eagle’s Canadian Malartic Mine with spare milling capacity, and low-cost hydropower estimated at 5.5 cents per kilowatt-hour, provide structural cost advantages for any future discoveries. Nearby smelters operated by Glencore further enhance the region’s attractiveness for polymetallic mining development.

Complementary Horden Lake Project

Alongside the Belleterre exploration push, Pivotal continues to advance its flagship Horden Lake project, which holds an updated mineral resource estimate of 37 million tonnes at 1.1% copper equivalent. This resource includes copper, nickel, palladium, and gold, with ongoing metallurgical testwork confirming excellent recoveries. The company aims to grow this resource while progressing engineering and environmental studies to de-risk the project.

With multiple drill-ready targets across its Quebec portfolio and a strengthened balance sheet, Pivotal Metals is entering a pivotal phase that could unlock significant value for shareholders in a top-tier mining jurisdiction.