Latest Horden Lake News

Pivotal Metals has put a A$920 million post-tax NPV on its Horden Lake copper project, while continued drilling and target generation broaden the company’s Quebec growth story. The attraction comes with familiar development-stage caveats: the study is preliminary, includes inferred material and leaves Pivotal with about 2.4 quarters of funding at the reported spending rate.

Pivotal Metals’ maiden scoping study gives its Horden Lake copper project a projected post-tax NPV of A$920 million against A$411 million of pre-production capital. The headline returns are strong, but the project remains a preliminary study with no Ore Reserve, material Inferred Resource exposure and more than A$400 million still to raise.

Pivotal Metals has used its FY2026 annual report to position Horden Lake as a larger, better-understood Quebec copper project, with a maiden scoping study targeted for September. The company also expanded Belleterre drilling and added the Bambino project, but remains loss-making and dependent on further funding.

Pivotal Metals’ latest metallurgical tests reveal copper recoveries exceeding 90% at the Horden Lake project, alongside robust recoveries of nickel, gold, silver, and palladium. These results underpin the upcoming scoping study and highlight the project’s financing potential through by-product credits.

Pivotal Metals has secured an option to acquire the Bambino Project in Québec, significantly enlarging its high-grade copper-nickel-platinum group metals footprint at the Belleterre district. The acquisition consolidates a 6km mineralised trend and sets the stage for systematic exploration with planned geophysics and drilling.

Pivotal Metals has boosted its Horden Lake Mineral Resource Estimate to 52 million tonnes at 1.05% copper equivalent, underpinning plans for a scalable open pit operation as it advances a scoping study and ongoing exploration at Belleterre.

Pivotal Metals has expanded its Horden Lake copper resource by 42%, lifting the total to 52 million tonnes at 1.05% CuEq, underpinning plans for a large-scale open pit operation in Quebec.

Pivotal Metals has extended its diamond drilling program at the Lorraine Mine East in Quebec, targeting untested copper-nickel and gold anomalies adjacent to a historic mine. The move aims to explore both magmatic sulphide and vein-hosted mineralisation, with drilling underway at the Shanty Lake target and a resource update due for Horden Lake.

Pivotal Metals has unveiled high-grade copper, nickel, and platinum group metals intersections from its maiden drill program at the Belleterre Projects, confirming a significant mineralised system and advancing exploration across multiple targets.

Pivotal Metals has kicked off its first modern exploration program at the LaForce copper-nickel project in Quebec, aiming to unlock new targets with advanced geophysical surveys ahead of a planned 2026 drill campaign.

Pivotal Metals has kicked off drilling at its Belleterre projects and reported promising metallurgical testwork at Horden Lake, supporting an upcoming resource update and scoping study.

Pivotal Metals is progressing a mineral resource update and scoping study for its Horden Lake copper project in Québec, targeting a large open-pit operation with strong cashflow potential amid record copper prices.