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Talon Metals (TSX: TLO) reported net losses of $0.3 million for Q1 2024, primarily due to administrative expenses offset by foreign currency gains. This marks an improvement from the $0.6 million net loss in Q1 2023. Capitalized exploration and development costs for the Tamarack Nickel-Copper-Cobalt Project amounted to $6.8 million in Q1 2024, down from $11.7 million in the same period of 2023. As of March 31, 2024, the total capitalized costs for the Tamarack project reached $211.7 million. Full financial statements and management's discussion are available on SEDAR+.
Talon Metals Corp. reports significant progress in its 2024 exploration plan, focusing on the Raptor Zone at the Tamarack Nickel-Copper-Cobalt Project. 14 new drill holes intersect nickel-copper mineralization, with one hole identifying a strong electromagnetic anomaly, indicating potential for high-grade mineralization. A thick nickel accumulation channel has been discovered, with continuous mineralization extending over 4 km x 2 km. The Raptor Zone shows promise for multiple channels of mineralization. Talon remains committed to advancing exploration efforts to unlock the full value of this zone.
