Question 1

How did First Class Metals' strategic focus change with the Zigzag transaction?

Accepted Answer

The completion of the Zigzag earn-in and acquisition of an 80% interest represents a material broadening of First Class Metals' strategic focus from primarily gold projects in Ontario to include lithium and other critical minerals.

Question 2

What did recent drilling at Zigzag show?

Accepted Answer

Recent drilling at Zigzag shows lithium-bearing pegmatite intersections and elevated concentrations of potential by-product elements tantalum (Ta), rubidium (Rb), caesium (Cs) and gallium (Ga), which could materially affect project economics if recoverable.

Question 3

What assay results did First Class Metals report for hole SUN26-05 at the Roy prospect?

Accepted Answer

First Class Metals reported hole SUN26‑05 at the Roy prospect returned very high‑grade assays of 40.2 g/t Au averaged across three methods, plus a broader 16.95 m interval averaging 0.45 g/t Au.

Question 4

How many holes did First Class Metals say intersected the target structure at Roy and over what strike length?

Accepted Answer

First Class Metals reported that 11 of 12 holes intersected the target structure over approximately 300 metres of strike, which the company said remains open.

Question 5

What is the expected milestone for the Zigzag project on 1 June 2026?

Accepted Answer

The expected milestone for the Zigzag project on 1 June 2026 is metallurgical test work on a large representative bulk sample to determine lithium and critical metal recoveries and evaluate development pathways, with additional drilling planned to expand known intersections.

Question 6

What is the expected milestone for Kerrs Gold on 28 May 2026?

Accepted Answer

The expected milestone for Kerrs Gold on 28 May 2026 is completion of the claims transfer to First Class Metals Canada Inc. and a company review of plans to advance the project and maximise value across the Ontario portfolio.

Timeline

First Class Metals

First Class Metals confirms bonanza-grade gold at Roy prospect

First Class Metals shares soar as monetisation deal nears completion

First Class Metals shares jump as it seals Zigzag earn-in

First Class Metals secures 100% of Kerrs gold project

First Class Metals hits bonanza-grade visible gold at Roy, Sunbeam

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