Integrated Environmental Authorisation Granted to Zeb Nickel Project

Rhea-AI Summary

ZEB Nickel Corp. (TSXV: ZBNI) (OTCQB: ZBNIF) has received an Integrated Environmental Authorisation from South Africa's Department of Minerals and Petroleum Resources for its Zeb Nickel Project in Limpopo Province. This important approval, granted after a four-year process involving 16 expert specialists, allows the company to proceed with mine development activities for extracting nickel, copper, platinum-group metals, and other minerals over a 30-year period.

The authorisation covers various environmental management aspects, including air quality, water and waste management, and biodiversity protection. The project now awaits final approval of the mining right from the DMPR to commence mining activities. ZEB Nickel plans to further improve the project's economics by targeting higher-grade nickel zones through additional drilling.

Positive

• Integrated Environmental Authorisation granted for the Zeb Nickel Project
• Authorisation allows for 30-year extraction of multiple valuable minerals
• Critical approval received for mine development, covering key environmental aspects
• Company plans to improve project economics by targeting higher-grade nickel zones

Negative

• Final mining right approval from DMPR still pending
• Additional drilling required to increase overall nickel grade and improve economics

Vancouver, British Columbia--(Newsfile Corp. - August 20, 2024) - ZEB Nickel Corp. (TSXV: ZBNI) (OTCQB: ZBNIF) ("Zeb" or the "Company") is pleased to announce that the South African Department of Minerals and Petroleum Resources (DMPR), formerly known as the Department of Mineral Resources and Energy, has granted an Integrated Environmental Authorisation under the National Environmental Management Act (NEMA) (Act 107 of 1998) and the Environmental Impact Assessment Regulations (2014) for the Zeb Nickel Project (the Project) located in Limpopo Province, South Africa. This authorization marks a significant milestone in the process of obtaining Zeb's mining right, which will permit the extraction of nickel, copper, platinum-group metals, gold, chrome, cobalt, vanadium, and iron ore for a period of 30 years from the date of issuance.

The Company was granted the Integrated Environmental Authorisation and was instructed to notify all Interested and Affected Parties (I&APs) of the DMPR's decision in writing within 14 days of receiving it, in accordance with the Environmental Impact Assessment Regulations. Consequently, the Company sent out a notification to all interested and affected parties. Those wishing to appeal any aspect of the decision were given 20 calendar days from the date of notification to submit an appeal to the Minister of Forestry, Fisheries, and Environment and to send a copy of the appeal to the DMPR. The appeal period has now concluded. The receipt of the Integrated Environmental Authorisation marks a significant milestone for the project, concluding a phase that lasted more than four years. The Environmental Impact Assessment (EIA) process required 16 expert specialists to conduct various environmental studies in and around the project area. The granting of the Integrated Environmental Authorisation will allow the Project to undertake the various listed activities in the Project's approved EIA and as specified by the DMPR, and as further listed in the National Environmental Management Act 107 of 1998 (NEMA) EIA and National Environmental Management: Waste Act 59 of 2008 (NEMWA) EIA.

This authorisation is a critical approval that allows the Company to proceed with the ultimate development of a mine on the Zeb Nickel Project, ensuring that all environmental impacts have been thoroughly assessed and mitigated in accordance with national and international standards. The authorisation covers various aspects of environmental management, including air quality, water and waste management, and biodiversity protection. The Project now awaits the approval and granting of the mining right from the DMPR, the final regulatory approval required for the project to commence with mining activities.

The Company's strategic objectives to increase the overall nickel grade and improve the economics of the project remain in place. This will be achieved by further drilling, targeting the higher grade lower geological units recently identified in Zone 1, as well as the entirety of Zone 2, located beneath and adjacent to Zone 1, where higher nickel grades and additional copper and platinum-group mineralisation are present.

"We are thrilled to receive this authorisation, which is a testament to our dedication to environmental responsibility. Our team has worked diligently to ensure that the Zeb Nickel Project meets all regulatory requirements and contributes positively to the local community and environment. Zeb Nickel has engaged in extensive consultations with local communities, stakeholders, and environmental experts throughout the application process. The company remains committed to maintaining transparent communication and collaboration with all relevant parties as the project moves forward. Zeb Nickel Corp. acknowledges the support and cooperation of the Department of Minerals and Petroleum Resources (DMPR), local communities, and environmental organizations that contributed to achieving this authorisation. We look forward to continuing our work in the project area and ensuring that the Zeb Nickel Project is developed in an environmentally responsible manner," commented Anthony James Nieuwenhuys, Chief Executive Officer and Director.

About the Company and Project

Zeb Nickel Corp is focused on exploring for and developing world-class mineral deposits, with a focus on metals that are critical in the production of rechargeable batteries, such as nickel, graphite, lithium, cobalt, manganese, copper and aluminum. The Company is currently focused on developing its flagship Zeb Nickel Project, located in Limpopo, South Africa. The Zeb Nickel Project is a developing Class 1 nickel sulfide project strategically located in the Bushveld Complex in South Africa. The Zeb Project Contains a historical NI 43-101 compliant resource over 3.9 million tons of contained sulfide nickel, ranking it number 8 in the global top ten nickel sulfide resources (Mudd, G. M., & Jowitt, S. M. (2014). A detailed assessment of global nickel resource and trends and endowments. Economic Geology, 109(7), 1813-1841).

On behalf of the Board of Directors

James Nieuwenhuys
Chief Executive Officer and Director,
Zeb Nickel Corp.
Email: info@zebnickel.com
Company Website: www.zebnickel.com

Cautionary Note Regarding Forward-Looking Statements

This press release contains certain information that may constitute "forward-looking information" under applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, drill results relating to the Zeb Project, the potential thereof, timing of economic studies and mineral resource estimates, the ability to classify the historical resource as a current mineral resource, the ability to sell marketable materials, strategic plans, including future exploration and development results, and corporate and technical objectives. Forward-looking information is necessarily based upon a number of assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information. Factors that could affect the outcome include, among others: future prices and the supply of metals, the future demand for metals, the results of drilling, inability to raise the money necessary to incur the expenditures required to retain and advance the property, environmental liabilities (known and unknown), general business, economic, competitive, political and social uncertainties, results of exploration programs, risks of the mining industry, delays in obtaining governmental approvals, failure to obtain regulatory or shareholder approvals, and the impact of COVID-19 related disruptions in relation to the Company's business operations including upon its employees, suppliers, facilities and other stakeholders. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. All forward-looking information contained in this press release is given as of the date hereof and is based upon the opinions and estimates of management and information available to management as at the date hereof. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/220597

FAQ

What significant milestone has ZEB Nickel Corp. (ZBNIF) achieved for its Zeb Nickel Project?

ZEB Nickel Corp. has been granted an Integrated Environmental Authorisation by the South African Department of Minerals and Petroleum Resources for its Zeb Nickel Project in Limpopo Province.

How long can ZEB Nickel Corp. (ZBNIF) extract minerals under the new authorization?

The authorization permits ZEB Nickel Corp. to extract nickel, copper, platinum-group metals, gold, chrome, cobalt, vanadium, and iron ore for a period of 30 years from the date of issuance.

What is the next regulatory step for ZEB Nickel Corp. (ZBNIF) to begin mining activities?

ZEB Nickel Corp. now awaits the approval and granting of the mining right from the Department of Minerals and Petroleum Resources (DMPR), which is the final regulatory approval required to commence mining activities.

How does ZEB Nickel Corp. (ZBNIF) plan to improve the economics of the Zeb Nickel Project?

ZEB Nickel Corp. plans to increase the overall nickel grade and improve project economics through further drilling, targeting higher-grade lower geological units in Zone 1 and the entirety of Zone 2, where higher nickel grades and additional copper and platinum-group mineralization are present.