Giga Metals Corporation
Early Signs of High-Grade Targets
Published: 1/10/2025
Author: FRC Analysts

Sector: Basic Materials | Industry: Other Industrial Metals & Mining
Ticker Symbols:
GIGA.V - NEO 🔹
HNCKF - NASDAQ 🔹
- Giga has been relatively inactive since our last update in late 2023. However, in December 2024, it announced the receipt of a report from a prominent geologist highlighting the potential for high-grade targets within its Turnagain nickel project in B.C. The report identified several promising targets, and recommended a comprehensive exploration program, including gravity surveys, ground-based electromagnetic surveys, and drilling.
- We consider this a positive development, as even a slight increase in grades can significantly boost the NPV and IRR of large nickel projects. For perspective, we note that the EV/lb of juniors with high grades (>1%) is at least 10x that of juniors with low grades (<0.4%).
- The Turnagain project, which hosts one of the largest undeveloped nickel-cobalt deposits in the world, with open-pittable resources totaling 13 Blbs Ni, and 0.8 Blbs Co, is owned by GIG