#Canada #Toronto #Blue Moon Metals #Nussir Project #NSG Project

Blue Moon Metals Reports on Progress in Norway

Blue Moon Metals Inc. has provided significant updates regarding its mining activities in Norway, focusing on its flagship Nussir Copper-Gold-Silver Project and the NSG Copper-Zinc Project. This report highlights the progress in mining activities and future exploration strategies that promise enhanced resource extraction and operational efficiency.

Nussir Project Progress

The Nussir underground development continue to make remarkable strides. The main mining contractor, Leonhard Nilsen & Sønner AS (LNS), has successfully advanced an impressive 656 meters as of late November, marking substantial progress needed for establishing underground access, which will facilitate forthcoming mine development, infill drilling, and infrastructure installation.

Key Infrastructure Developments

The project has recently secured key equipment, such as the main high-voltage transformer, a long-lead item crucial for minimizing the risks associated with scheduling. The completion of Early Works Construction Phase 1 has set the groundwork for additional development tasks, with Phase 2 currently underway to prepare new surface areas necessary for construction, including a substation pad for the transformer.

Simultaneously, upgrades to on-site facilities like the administration building and housing are in progress, aligning with the ongoing underground development activities.

Engineering Updates

The company’s feasibility study is on track, with critical design reviews already completed. A comprehensive NI 43-101 compliant feasibility study is expected to be published by February, detailing revised operating and capital costs alongside other financial metrics. Long-lead equipment procurement has also commenced to maintain alignment with the project timeline.

In addition, a completed geotechnical program has provided essential data to advance engineering tasks, with a final investment decision anticipated in March 2026.

Exploration Activities

A notable surface directional drilling campaign was initiated in October at Nussir, aiming to significantly augment the current mineral resources while probing for deeper high-grade mineralization. The existing mineral resource estimation for the Nussir project includes indicated resources of 28.72 million tonnes containing 1.02% copper, 0.12 g/t gold, and 12.3 g/t silver, alongside inferred resources of 32 million tonnes at similar grades.

The drilling program, extending approximately 1,250 metres deep from a single mother hole, is designed to infill gaps within the resource estimation and to explore high-grade intersections from previous drill results. Advanced directional drilling techniques will be employed to minimize surface disruption while optimizing the exploration process.

NSG Project Developments

At the NSG Copper-Zinc project, operations have accelerated. Contractor Fauskebygg AS has mobilized to the site, completing necessary enhancements at the tunnel portal, thereby improving access for ongoing work. This includes extensive geological surveys and logging to better understand historical drilling results and associated mineralization potential.

A sophisticated underground exploration program targeting 10,000 meters is set to commence shortly. The focus will be on infill and expansion drilling of the inferred resource of 1.19% copper and 0.31% zinc, with potential to discover additional valuable minerals like gold and silver.

Shareholder Updates

In alignment with the project developments, Blue Moon has granted a total of 385,415 Restricted Share Units (RSUs) to key personnel, a move intended to align the interests of its officers with those of its investors, enhancing corporate governance and stakeholder value.

Conclusion

The overall progress at both the Nussir and NSG projects highlights Blue Moon Metals’ commitment to advancing mining operations in Norway. With these developments, the company is poised to enhance its resource base while contributing to the region's mining infrastructure. The strategic advancements indicate a promising future for Blue Moon Metals and its stakeholders as they continue to navigate the complexities of mineral extraction in a competitive global market.

For more information, visit the official company website at Blue Moon Metals.