Verum Terra Geoscience Inc. is pleased to announce the discovery of high-grade nickel laterite deposits within its mining tenement in Eastern Samar. The exploration team, led by senior geologists, has confirmed the presence of significant nickel concentrations through systematic geological mapping and subsurface sampling conducted over the past six months.
Initial assay results reveal nickel grades averaging 1.8% to 2.4% in the limonite zone, with select drill core samples reaching up to 3.1% — well above the typical economic threshold for nickel laterite operations in the Philippines. The discovery area spans approximately 120 hectares within the company’s 4,000-hectare Mineral Production Sharing Agreement (MPSA) coverage.
The discovery is the culmination of a multi-phase exploration program that employed state-of-the-art techniques:
The Philippines is one of the world’s top nickel-producing countries, and the demand for nickel continues to surge globally, driven primarily by the electric vehicle (EV) battery sector. This discovery positions Verum Terra to contribute meaningfully to the country’s nickel output while adhering to the highest standards of responsible mining.
Company President and CEO stated: “This discovery validates our systematic approach to exploration and our confidence in the mineral potential of Eastern Samar. We are committed to developing this resource responsibly, ensuring that our host communities benefit from the economic opportunities this project will create.”
The company plans to proceed with infill drilling to upgrade the resource estimate and prepare a comprehensive technical report in compliance with the Philippine Mineral Reporting Code (PMRC). An Environmental Impact Assessment (EIA) will also be initiated to ensure compliance with all regulatory requirements before any development activities commence.