MIDRIM/LAFORCE PROJECT

This Project, acquired by Rafaella Resources in November 2020, is a highly prospective Ni-Cu-PGE project located in the Belleterre-Angliers Greenstone Belt in Quebec.

The Midrim prospect is hosted within a gabbroic intrusion approximately 330m long and 85m wide; mineralisation is mainly chalcopyrite, pyrrhotite, millerite, violarite, pentlandite and pyrite. Some 32,000m of historic drilling has been conducted within the RMS claims. Existing deposits at this project represent important proof of concept that the gabbroic intrusion systems are fertile and productive for formation of high-grade, high nickel-tenor magnetic Ni-Cu-PGE mineralisation.

The Laforce prospect has seen some 14,600m of historic core drilling conducted.

RECENT DEVELOPMENT

Studies undertaken to date supports Rafaella Resources’ belief the project offers significant value upside to shareholders, In February 2021, Rafaella defined one strong discrete anomaly and three clusters of moderate anomalies not previously identified. The Company is currently further investigating the priority strong anomaly with the intention to define a drilling target.