June 8, 2023
Aston Minerals Ltd. (ASX:ASO, BUY, A$0.40 target, Timothy Lee) announced that it has received support from the Matachewan First Nation and the Mattagami First Nation to advance its 100%-owned Edleston project near Timmins, ON into the next stages of development. The Mattagami First Nation announced its intention to participate fully in the growth of the project and noted that Aston had incorporated their values, wishes and needs. One of the major advantages of working in an established mining camp like Timmins is that the First Nations communities there are well-versed with collaborating with mining companies. However, we note that this is not an announcement of a formal agreement. As work progresses on the development of the Boomerang Ni-Co deposit, which hosts I&I resources of 6.9B lb NiEq (read more), and further exploration at the Edleston-Sirola Au zones (read more), we view the support of these two First Nations as a positive de-risking sign. We look forward to results from drilling at both the Ni-Co and Au targets, which could potentially significantly extend the resource along strike. Read more
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Aston Minerals Ltd. – ASX:ASO – 1,2,3
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