Cohort median — 61 projects in the current filter 0.63 Mt Ni 0.85% 0.50 Mt Ni 1.19% — Eagle Mine Talon Metals Corp. TSX:TLO Michigan, United States Producing 100.0% 0.01 Mt Ni 1.27% 0.04 Mt Ni 1.06% 28 Feb 2026 Flemington AUSTRALIAN MINES LIMITED ASX:AUZ New South Wales, Australia Exploring 100.0% 0.01 Mt Ni 0.14% — — 08 Jan 2025 LKE SPC Nickel Corp. TSXV:SPC Ontario, Canada Exploring 100.0% 0.01 Mt Ni 1.14% — — 04 Dec 2023 Eagle Lundin Mining Corporation TSX:LUN USA Producing 100.0% 0.01 Mt Ni 1.42% 0.04 Mt Ni 1.19% 31 Dec 2024 VW LANDORE RESOURCES LD ORD NPV AIM:LND Northwestern Ontario, Canada Exploring 100.0% 0.02 Mt Ni 0.40% — — 16 Jan 2026 B4-7 LANDORE RESOURCES LD ORD NPV AIM:LND Northwestern Ontario, Canada Exploring 100.0% 0.02 Mt Ni 0.55% — — 16 Jan 2026 Goodyear LEFROY EXPLORATION LIMITED ASX:LEX Western Australia, Australia Exploring 100.0% 0.03 Mt Ni 3.78% — — 05 May 2026 Baker LUNNON METALS LIMITED ASX:LM8 Western Australia, Australia Developing 100.0% 0.03 Mt Ni 3.30% — — 30 June 2025 Foster LUNNON METALS LIMITED ASX:LM8 Western Australia, Australia Developing 100.0% 0.03 Mt Ni 3.21% — — 30 June 2025 Beta Hunt WESTGOLD RESOURCES LIMITED. ASX:WGX Western Australia, Australia Producing 100.0% 0.04 Mt Ni 2.80% — — 30 June 2026 Aurora Nickel Clean Energy Transition Inc. TSXV:TRAN Ontario, Canada Exploring 100.0% 0.05 Mt Ni 0.44% — — 03 Mar 2025 NVRO Metals Hub NVRO Metals Limited TSXV:NVRO Northern Territory, Australia Developing 100.0% 0.07 Mt Ni 0.09% 2.32 kt Ni 0.10% 23 July 2026 Mt Windarra MARITANA MINERALS LIMITED ASX:MRT Western Australia, Australia Exploring 100.0% 0.07 Mt Ni 1.63% — — 30 June 2026 Niquelândia exc Anglo American plc LSE:AAL Goiás, Brazil Producing 100.0% 0.07 Mt Ni 1.15% 0.07 Mt Ni 1.26% 31 Dec 2025 Enterprise First Quantum Minerals Ltd. TSX:FM Zambia Producing 100.0% 0.10 Mt Ni 0.95% 0.27 Mt Ni 1.00% 31 Dec 2025 MM Project Grid Metals Corp. TSXV:GRDM Manitoba, Canada Exploring — 0.13 Mt Ni 0.27% — — 31 Dec 2023 West Graham SPC Nickel Corp. TSXV:SPC Ontario, Canada Exploring 100.0% 0.14 Mt Ni 0.47% — — 04 Dec 2023 Levack Mine Magna Mining Inc. TSX:NICU Ontario, Canada Developing — 0.16 Mt Ni 1.43% — — 31 Aug 2025 Grata Sama Resources Inc. TSXV:SME Côte d'Ivoire Developing 40.0% 0.16 Mt Ni 0.24% — — 21 Mar 2024 Crean Hill Magna Mining Inc. TSX:NICU Ontario, Canada Developing 100.0% 0.19 Mt Ni 0.99% — — 15 Apr 2024 Parks Reef PODIUM MINERALS LIMITED ASX:POD Western Australia, Australia Exploring 100.0% 0.20 Mt Ni 0.08% — — 19 May 2025 Shaw Dome EV Nickel Inc. TSXV:EVNI Ontario, Canada Exploring — 0.21 Mt Ni 0.23% — — 26 Feb 2026 Black Swan MARITANA MINERALS LIMITED ASX:MRT Western Australia, Australia Care & maintenance 100.0% 0.22 Mt Ni 0.77% — — 30 June 2026 Luanga Bravo Mining Corp. TSXV:BRVO Pará, Brazil Exploring 100.0% 0.29 Mt Ni 0.13% — — 18 Feb 2025 Ivory Coast Project Ivanhoe Electric Inc. NYSE:IE Côte d'Ivoire Exploring 69.1% 0.33 Mt Ni 0.28% — — 31 Dec 2025 Barro Alto exc Anglo American plc LSE:AAL Goiás, Brazil Producing 100.0% 0.34 Mt Ni 1.19% 0.61 Mt Ni 1.29% 31 Dec 2025 Voisey's Bay exc Vale S.A. NYSE:VALE Newfoundland and Labrador, Canada Producing 90.0% 0.37 Mt Ni 1.49% 0.50 Mt Ni 1.77% 31 Dec 2025 Nesbitt Canada Nickel Company Inc. TSXV:CNC Ontario, Canada Exploring 100.0% 0.41 Mt Ni 0.23% — — 23 July 2026 NORI Area B exc TMC the metals Co Inc. NASDAQ:TMC International Waters (CCZ) Exploring 100.0% 0.51 Mt Ni 1.43% — — 31 Dec 2025 Thompson exc Vale S.A. NYSE:VALE Manitoba, Canada Producing 90.0% 0.55 Mt Ni 1.36% — — 31 Dec 2025 Sakatti exc Anglo American plc LSE:AAL Finland Developing 100.0% 0.63 Mt Ni 0.40% — — 31 Dec 2025 Sudbury (INO) Glencore plc LSE:GLEN — — — 0.70 Mt Ni 1.38% 0.28 Mt Ni 1.66% 31 Dec 2025 Ravensthorpe First Quantum Minerals Ltd. TSX:FM Western Australia, Australia Developing 75.7% 0.70 Mt Ni 0.55% 1.01 Mt Ni 0.56% 31 Dec 2025 Onça Puma exc Vale S.A. NYSE:VALE Pará, Brazil Producing 90.0% 0.75 Mt Ni 1.37% 1.47 Mt Ni 1.54% 31 Dec 2025 Raglan Glencore plc LSE:GLEN Quebec, Canada Producing 100.0% 0.77 Mt Ni 3.17% 0.35 Mt Ni 2.44% 31 Dec 2025 Gonneville CHALICE MINING LIMITED ASX:CHN Western Australia, Australia Developing 100.0% 0.96 Mt Ni 0.15% 0.40 Mt Ni 0.16% 08 Dec 2025 NORI Area A exc TMC the metals Co Inc. NASDAQ:TMC International Waters (CCZ) Exploring 100.0% 0.97 Mt Ni 1.35% — — 31 Dec 2025 Nico Young LEGACY MINERALS HOLDINGS LIMITED ASX:LGM New South Wales, Australia Exploring 100.0% 1.00 Mt Ni 0.59% — — 22 Nov 2017 Murrin Murrin Glencore plc LSE:GLEN Western Australia, Australia Producing 100.0% 1.12 Mt Ni 0.95% 1.18 Mt Ni 1.00% 31 Dec 2025 Ramu Nickel 28 Capital Corp. TSXV:NKL Papua New Guinea Producing 8.6% 1.30 Mt Ni 0.85% 0.66 Mt Ni 0.87% 31 Dec 2025 Sudbury exc Vale S.A. NYSE:VALE Ontario, Canada Producing 90.0% 1.44 Mt Ni 1.04% 0.99 Mt Ni 1.40% 31 Dec 2025 Total INO Glencore plc LSE:GLEN Canada — — 1.47 Mt Ni 1.97% 0.63 Mt Ni 2.02% 31 Dec 2025 Viken District Metals Corp. TSXV:DMX Jämtland County, Sweden Exploring 100.0% 1.54 Mt Ni 0.03% — — 25 Apr 2025 Deloro Canada Nickel Company Inc. TSXV:CNC Ontario, Canada Exploring 100.0% 1.55 Mt Ni 0.25% — — 23 July 2026 Kalpini Hub ARDEA RESOURCES LIMITED ASX:ARL Western Australia, Australia Developing 100.0% 2.06 Mt Ni 0.76% — — 03 June 2026 Platreef Ivanhoe Mines Ltd. TSX:IVN Limpopo, South Africa Developing 64.0% 2.25 Mt Ni 0.31% 0.43 Mt Ni 0.33% 15 Feb 2025 Cerro Matoso SOUTH32 LIMITED ASX:S32 Colombia Producing 99.9% 2.26 Mt Ni 0.85% 0.26 Mt Ni 1.01% 30 June 2025 Range Well PODIUM MINERALS LIMITED ASX:POD Western Australia, Australia Exploring 100.0% 2.63 Mt Ni 0.73% — — 16 Mar 2026 Hengjaya Mine NICKEL INDUSTRIES LIMITED ASX:NIC Central Sulawesi, Indonesia Producing 80.0% 3.34 Mt Ni 1.17% — — 31 Oct 2025 Koniambo Glencore plc LSE:GLEN New Caledonia Producing 49.0% 3.58 Mt Ni 2.10% — — 31 Dec 2025 Jacaré exc Anglo American plc LSE:AAL Pará, Brazil Exploring 100.0% 3.91 Mt Ni 1.28% — — 31 Dec 2025 Goongarrie Hub ARDEA RESOURCES LIMITED ASX:ARL Western Australia, Australia Developing 65.0% 4.04 Mt Ni 0.69% 1.37 Mt Ni 0.70% 30 June 2023 NewRange Copper Nickel exc TECK RESOURCES LTD NYSE:TECK United States Developing 50.0% 4.08 Mt Ni 0.07% — — 31 Dec 2025 NewRange Glencore plc LSE:GLEN — — — 4.11 Mt Ni 0.07% — — 31 Dec 2025 Twin Metals Antofagasta plc LSE:ANTO Minnesota, United States Developing 100.0% 4.33 Mt Ni 0.17% — — 31 Dec 2025 NORI Area C exc TMC the metals Co Inc. NASDAQ:TMC International Waters (CCZ) Exploring 100.0% 5.07 Mt Ni 1.26% — — 31 Dec 2025 NORI Area D exc TMC the metals Co Inc. NASDAQ:TMC International Waters (CCZ) Developing 100.0% 5.25 Mt Ni 1.40% 0.71 Mt Ni 1.40% 31 Dec 2025 Reid Canada Nickel Company Inc. TSXV:CNC Ontario, Canada Exploring 100.0% 5.37 Mt Ni 0.22% — — 07 Jan 2025 Nikolai Alaska Energy Metals Corporation TSXV:AEMC Alaska, USA Exploring 100.0% 6.79 Mt Ni 0.21% — — 07 Mar 2025 TOML exc TMC the metals Co Inc. NASDAQ:TMC International Waters (CCZ) Exploring 100.0% 9.95 Mt Ni 1.30% — — 31 Dec 2025 PTVI exc Vale S.A. NYSE:VALE Indonesia Producing 30.5% 13.76 Mt Ni 1.38% 8.81 Mt Ni 1.33% 31 Dec 2025