Ontario

ONTARIO PROPERTIES  (Updated – 2024-01-10)

Project 81 – Timmins-Cochrane Properties

An exploration and development property wherein the Company owns one contiguous block of land totalling ~ 25,000 ha staked and patented mineral rights, in the Timmins-Cochrane area of Northern Ontario, including a 50% interest in 7 patents and 310 tenure identified mining claims totalling ~6,600ha in Carnegie, Kidd, Wark and Prosser Townships.

The property hosts a number of zones that have historical exploration identifying nickel-cobalt-PGMs, VMS and gold mineralization from work carried out in the 1960's and 1970's (these sample results are historical and non-NI 43-101 compliant) as well as assay results from drilling conducted by the Company in 2012, 2018 and 2020. 2000m Diamond drilling was completed following up on a line cutting Induced Polarization Survey on the Dargavel property, with results used to identify drill targets and to follow-up on the drill program carried out in 2020. 2000m Diamond drilling is underway following up on a line cutting Induced Polarization Survey on the Carnegie/Kidd2 property, with results used to identify drill targets and to follow up in the drill program underway in winter 2024. Project 81 hosts diversified drill-ready gold, nickel-cobalt and base metal exploration targets at various stages of exploration.

Township Properties – Mann, Hanna, Duff and Reaume Townships

Noble has options to acquire 307 mining claims (the “Claims”) in Mann, Hanna, Duff, and Reaume Townships, covering an area totaling approximately 6,539 hectares. The Company has also staked an additional 256 mining claims in Mann, Hanna, Duff and Reaume Townships totaling approximately 5,453 hectares. This property has been optioned to Canada Nickel Company for cash shares and work to earn an 80% interest.

NR 2023-7-31:Noble acquired, additionally, a total of 44 mining claims (the “Claims”) in Mann, Duff, and Reaume Townships, covering an area totaling approximately ~904 hectares. The Claims were acquired after payment, exploration expenditure commitments and other conditions were satisfied in accordance with two option agreements entered into by Noble in 2021. In addition, Noble is on track of acquiring a third optioned property totaling 229 mining claims in Mann, Duff and Hanna Townships, covering an area totaling approximately 4,932 hectares. For further details regarding the original transactions on the Claims and the third optioned property (collectively, the “Properties”), please refer to the news release issued by Noble on August 11, 2021.

Thomas Carbonatite – Thomas Township

~2,215 ha - A Rare Earth project  near Timmins in Northern Ontario. Research by the staff of Noble has identified a magnetic feature in Thomas Township that resembles a classic carbonatite magnetic signature. Carbonatites are a special group of carbonate-rich igneous rocks and the world’s primary source of rare earth elements (REE), niobium, zirconium, and phosphate oxide.  In most cases, carbonatites are intrusive or subvolcanic, forming cone sheets, volcanic necks, dykes, sills, breccias, and veins.  Because carbonate minerals weather so easily outcropping of carbonatitic rock is rare and the Thomas Carbonatite is no exception. The magnetic structure has never been drilled and does not outcrop on surface.

A Phase 1 work program will include geophysical surveys to locate with precision the exact position of the magnetic low and the depth of the overburden in order to prepare for drilling. Phase 2 will consist of drilling into the magnetic low to confirm the existence of a carbonatite and test for economic mineralization

Nagagami River – Hearst Area, Northern Ontario

224 claims through staking, to cover the Nagagami Carbonatite/Alkalic Complex, located about 65 kilometers Northwest of Hearst Ontario. The staked area is equivalent to about 4,845 hectares or 48 square kilometers. A study of the magnetic data for the Nagagami Complex and the Niobec Mine both indicate a donut shaped structure with syenitic rocks forming the circular magnetic high with carbonatitic rocks forming the central magnetic low. At Niobec, it is in the central magnetic low where the Niobium and Rare Earth mineralization is hosted.

Sampling of the core in hole NG-22-02 drilled in the fall of 2022 has identified a 61-meter-long mineralized zone with grades of 0.554 percent total rare earth oxide (TREO) and 0.098 percent neodymium(III) oxide (Nd2O3).

Holdsworth Property

19 contiguous patented mining claims covering approx. 304ha, 16 claims in S. Corbiere Township and 3 claims in N. Esquega Township. The Company owns 100% mineral rights subject to 1-5% NSR and 5-10% NPI subject to payback of all historic costs. A wholly-owned gold exploration property in the Wawa area of Ontario.

Boulder Project

Noble has acquired an option to earn up to a 100% interest in a  Copper-Precious Metals Prospect in 214 claim units in Way Twps near Hearst, Northern Ontario. The claims extend from about 4 to 15km southwest of the town of Hearst. The staked area is equivalent to approximately 4,600 hectares.

A 140kg boulder was found in the area containing significant concentrations of base and precious metals, upon which an analysis, conducted in 2019 by the Ontario Geological Survey, determined that the boulder contained; 71.8% copper, 3.5% lead, 1.09% zinc, 252 g/T of silver, 3.79 g/T of gold, 4.43 g/T of palladium, and 2.22 g/T of platinum and consisted primarily of the mineral cuprite.  The significant discovery of the highly mineralized boulder was in an area that has not seen much past exploration. The discovery of the source of the boulder would be an important mineral find.