First Point Minerals (FPX-TSX) is exploring for a unique style of nickel mineralization called awaruite. It is neither sulphide nor laterite, but a naturally occurring, metallic Nickel-Iron Alloy. In effect, naturally occurring stainless steel. It represents a potential new, long-life, low-risk source of nickel mine supply, and a possible game changer for the nickel industry.
The Company's flagship Decar Nickel Project in central British Columbia has made significant strides towards proof of concept as to the commercial viability of awaruite deposits, under the management of our partner Cliffs Natural Resources, a Fortune 500 Company and leading supplier to the steel industry. While Cliffs proves up Decar, First Point is targeting this same style mineralization elsewhere in Canada and internationally.