The Project · Critical minerals

Critical minerals

Dual potential on the same ground: copper, nickel, cobalt, and chromite alongside geological hydrogen.

29CuCOPPER28NiNICKEL27CoCOBALT24CrCHROMITE
Overview

Luma’s Atlantic Canada claims were selected for more than geological hydrogen (natural hydrogen). The same ground carries early-stage critical-minerals exploration potential, copper, nickel, cobalt, and chromite. As Luma advances toward a public listing as a mining issuer, supported by an independent technical report prepared under National Instrument 43-101, it is exploring for both geological hydrogen and these critical minerals.

12
NS copper targets
4
NL massive-sulphide targets
2 of 4
targets ground-truthed
0
targets drilled
The targets
Map of Luma's Nova Scotia claims showing 12 undrilled copper targets as untested geophysical anomalies, with QIMC and other claim holders for context. Historical third-party exploration data, not independently verified by Luma.

Nova Scotia copper targets: untested anomalies

Historical gravity cross-section through one Nova Scotia copper target showing a large anomaly and a proposed, undrilled hole (historical third-party exploration data).

Cross-section through one target: gravity anomaly with a proposed, undrilled hole

Two provinces, sixteen early-stage targets

Everything below describes early-stage exploration targets and untested geophysical anomalies. Luma has not drilled them and has defined no mineral resource or reserve.

Nova Scotia · copper
  • 12 large undrilled copper targets.
  • Untested geophysical anomalies along a copper and cobalt belt.
  • Among the first to acquire claims across the belt.
  • Targets identified through historical exploration by Minatour Exploration.1
  • Anomalies commonly 2 km long and up to 1 km thick; size is not a measure of contained metal.
Map of Luma's Newfoundland claims showing four untested massive-sulphide targets identified as VTEM geophysical anomalies, prospective for nickel, copper and chromite.

Newfoundland massive-sulphide targets: VTEM anomalies

Map of historical awaruite occurrences within Luma's Newfoundland claims: stream-sediment and rock-sample locations shown with VTEM anomalies. Historical information, not independently verified by Luma.

Historical awaruite locations within Luma claims

Newfoundland and Labrador · copper, nickel, chromite
  • 4 large untested massive geophysical targets.
  • Geophysical anomalies are massive sulphide targets.
  • Two targets contain mineralization at surface.
  • Significant surface mineralization in project.
  • Documented awaruite within the claim.2

First Atlantic Nickel (TSXV: FAN) has reported a large awaruite discovery in Newfoundland, following up on the same historical work that documented awaruite within Luma’s claims.3

1 That is historical, third-party exploration information; it has not been independently verified by Luma and is not indicative of results that may be achieved on Luma’s ground.

2 This is historical information and has not been independently verified by Luma.

3 That discovery is attributed to First Atlantic Nickel’s public disclosure, has not been independently verified by Luma, and is not indicative of results that may be achieved on Luma’s properties.

Nova Scotia · Atlantic Canada