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Rafaella Resources (ASX:RFR) doubles nickel-copper position in Quebec

From the Floor, PDAC 2022
ASX:RFR
15 June 2022 10:15 (EST)

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Managing Director of Rafaella Resources, Steven Turner, spoke to Sonia Madigan from The Market Herald about the opportunities and challenges of growing its presence in Canada.

The company has doubled its position in Quebec, having recently acquired the Alotta and Lorraine claims from Chase Mining. The claims are adjacent to the company’s Midrim and Laforce prospects. Midrim/Laforce is a highly prospective Ni-Cu-PGE project located in the Belleterre-Angliers Greenstone Belt in Quebec. 

Steven identified differentiating the company in the highly-competitive nickel-copper space as a challenge, but reiterated the strong potential of their Quebec claims.

Given the growing demand for nickel and copper, Steven is bullish on these markets going forward.

Steven cited the Canadian government’s Budget 2022, which proposes to provide up to $3.8 billion in support to implement Canada’s first Critical Minerals Strategy, which will benefit companies like Rafaella.

Rafaella Resources Limited is a global developer and explorer of world class mineral deposits considered critical to an ever increasing technologically driven world economy.

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