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Inomin and Sumitomo Commence $2.3 Million Exploration Program at Beaver‑Lynx

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Inomin and Sumitomo Commence $2.3 Million Exploration Program at Beaver‑Lynx

Executive Summary

Inomin Mines Inc. and joint venture partner Sumitomo Metal Mining Canada Ltd. have commenced the largest exploration program in the history of their Beaver-Lynx polymetallic project, with a $2.3 million investment targeting critical minerals in south-central British Columbia. The program represents a major milestone as it includes the first-ever drilling at the Lynx block, specifically focusing 4,100 metres of drilling on the Onuki zone within a 6 km² target area. Previous outcrop sampling at Onuki has already demonstrated significant potential with nickel values reaching 2,640 ppm, indicating the presence of substantial mineralization similar to that found at the adjacent Beaver block.

The strategic importance of this program extends beyond immediate exploration results, as it aims to validate the concept of a district-scale mineral system across the entire 28,000-hectare property. The Beaver block has already demonstrated the presence of near-surface nickel-magnesium-cobalt mineralization, along with platinum and palladium at the Beaver South zone, plus additional intersections of chromium, copper, silver, and gold. The Lynx block, located 10 kilometres south of Beaver, hosts multiple high-priority magnetic and geochemical targets that are comparable in size or potentially larger than those at Beaver, suggesting significant expansion potential for the overall resource base.

The project benefits from exceptional infrastructure advantages, being located approximately 50 kilometres north of Williams Lake and adjacent to Gibraltar mine, Canada's second-largest open-pit copper operation. This proximity provides access to all-season roads, nearby hydroelectric power, active rail lines, and established resource communities with skilled workforces. These infrastructure benefits significantly reduce potential development costs and operational risks compared to more remote exploration projects.

The partnership with Sumitomo Metal Mining, a major Japanese metals company, provides both financial backing and technical expertise for advancing this critical minerals opportunity. Success at the Onuki zone could validate the district-scale potential and attract additional investment for expanding the exploration program across other identified targets. Given the current global focus on critical minerals supply chains and the strategic importance of nickel, cobalt, platinum, and palladium for battery and clean energy technologies, positive results from this program could position Beaver-Lynx as a significant North American source of these essential materials.
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