Pivotal Metals Limited – Drilling to Commence at Belleterre Copper-Nickel-PGM Targets - Copper-Gold Story from Canada.
- Noel Ong
- 14 hours ago
- 7 min read
Updated: 4 hours ago
Announcement
Drilling to Commence at Belleterre High-Grade Cu Targets – 26th February view the announcement
The Samso News update is all about the commencement of drilling at the Belleterre Project by Pivotal Metals since acquiring the project package in Québec, Canada. As we say, the litmus test is now and a program to test the multiple electromagnetic conductor targets within a district that already hosts high-grade copper, nickel, gold, and platinum-group metal (PGM) mineralisation should be interesting, especially when both gold and copper are hot topics.
For investors, this is a time to keep the Pivotal story on your watchlist. This is a bet on positive results and hence speculation as the targets lie within a proven magmatic sulphide system where previous drilling has returned high-grade copper and nickel intersections.
Belleterre complements Pivotal’s more advanced Horden Lake project, which already hosts a defined copper-equivalent mineral resource. The Belleterre exploration program will compliment the current narrative that a district-scale discovery potential may be in the making.
The Pivotal Metals Limited Story
Pivotal Metals Limited (ASX: PVT) is a Canadian-focused explorer and developer targeting copper, nickel, and platinum-group metals.
The Company’s key assets include:
Horden Lake Project (Québec) – an advanced copper-nickel-PGM deposit with a JORC Mineral Resource of 37Mt at 1.1% CuEq containing 407kt copper equivalent.
Belleterre Exploration Projects – a portfolio of high-grade Cu-Ni-PGM and gold prospects including Midrim, Lorraine, Laforce and Alotta.
The Belleterre portfolio covers approximately 160 km² within the Belleterre-Angliers Greenstone Belt, part of the Archean Superior Province of the Canadian Shield, an established mineral province with extensive historical mining.
Introduction
The ASX announcement reports that Pivotal Metals is preparing to commence its first drilling campaign at the Belleterre Projects in Québec.
The initial program will focus on targets at the Midrim project area (Figure 1), where geophysical surveys have identified conductive anomalies interpreted to represent potential sulphide mineralisation. These targets lie beyond the footprint of historical drilling and represent new exploration opportunities within a known high-grade mineral district.
The program will also extend to the Lorraine project area, where copper and gold targets are planned for follow-up drilling once permitting is completed.
Figure 1: MIDRIM PROJECT (Belleterre) Location of known Cu-Ni-PGE sulphide deposits with a 6km priority envelope and new untested drill-ready conductive anomalies (stars) interpreted to represent possible sulphide accumulations; on satellite image background with property outline. (source: PVT)
Highlights
Drilling is scheduled to commence at the Midrim project area, with drill mobilisation expected shortly.
The program will test multiple undrilled electromagnetic conductors identified through recent geophysical surveys.
Key drill targets include:
“Alotta” – an undrilled extension target parallel to historical drilling.
“Midrim East” – a newly identified sub-cropping conductive anomaly.
The Midrim system hosts multiple high-grade Cu-Ni-Au-PGM deposits.
An initial 1,500m diamond drilling program has been planned.
Drilling may expand depending on results and ongoing exploration programs.
The Company reported $5.5 million cash at 31 December 2025 to support exploration activities.
Follow-up drilling is planned at the Lorraine Project, targeting the Shanty Lake and Lorraine Mine East copper and gold prospects.
Management Commentary
Managing Director Ivan Fairhall stated that the Midrim project hosts a mineral system with a high intensity of magmatic sulphide mineralisation.
The exploration strategy is focused on expanding the search radius around the existing cluster of high-grade occurrences. The initial drilling campaign is designed to test priority targets across the broader Belleterre land package.
Management noted that the Company remains well funded and has the flexibility to expand the program depending on results and additional targets generated through ongoing exploration.
Near-Term Milestones to Watch
Commencement of diamond drilling at Midrim.
Drill testing of the Alotta and Midrim East conductor targets.
Receipt of remaining permits for the Lorraine Project drilling program.
Expansion of drilling depending on initial results.
Ongoing geophysical interpretation and regional exploration across the Belleterre land package.
Previous Samso News Coverage – An Investor Lens
Samso has previously covered Pivotal Metals Limited through several Samso News articles focused on exploration progress and project development across the Company’s Québec assets.
Published: 20 February 2026
This article discusses large-scale ore sorting trials at the Horden Lake Project which demonstrated the potential to significantly upgrade copper-equivalent grades while rejecting waste prior to processing. The work highlights development optionality and potential cost benefits as the project advances toward production studies.
Published: 23 January 2026
This Samso News article examined the results of an induced polarisation (IP) survey at the Lorraine Project, which identified multiple copper, gold, and nickel targets east of the historic Lorraine Mine. The work expanded the geological understanding of the Belleterre district and supported further exploration drilling.
Published: 7 July 2025
This earlier Samso News article reviewed results from a high-resolution magnetic survey at Lorraine which identified additional structural features and exploration targets associated with copper, nickel, platinum-group metals, and gold mineralisation within the Belleterre-Angliers Greenstone Belt.
Samso Concluding Comments
The Belleterre drilling campaign represents a classic early-stage exploration step in a district with known high-grade mineralisation. The Midrim area already hosts multiple copper-nickel-PGM occurrences and historic drilling results that demonstrate the fertility of the system. The current program is designed to move beyond those historic discoveries and test new targets generated through modern geophysical surveys (Figure 2).
Figure 2: Belleterre Project mineralised occurrences over the regional shaded total field magnetic map illustrating the complex nature of the geology and the extensive areas under Pivotal Metals’ 100% ownership. (source: PVT)
A key aspect of this announcement is the identification of undrilled electromagnetic conductors. In magmatic sulphide systems, conductive responses are often associated with sulphide accumulations that can host copper, nickel, and platinum-group metals. The drilling program therefore represents a geological test of whether these geophysical anomalies correspond to mineralised sulphide bodies.
The broader Belleterre landholding (Figure 3) also provides district-scale context. Multiple occurrences including Midrim, Alotta, Lac Croche, Delphi-Patry, and Lorraine demonstrate that the mineralising system extends across several kilometres. Historical drill intersections at Midrim and Alotta include wide zones of copper-nickel-PGM mineralisation, indicating the presence of a robust magmatic system within the greenstone belt.
Figure 3: Belleterre Projects location map in relation to nearby current and historic mining and milling operations. (source: PVT)
From a project development perspective, Belleterre complements the more advanced Horden Lake deposit in Pivotal’s portfolio. While Horden Lake represents a defined copper resource moving toward development studies, Belleterre provides exploration optionality with the potential to discover additional high-grade deposits within the same regional mining district.
Market Implication - The Investor Lens
The PVT story is one that could be compared to Firefly Metals Limited (ASX: FFM) as they try and make their story tick which is not a bad place to be if the success can be similar. A market capitalisation of just under AUD $25M is not bad for a "punt". That part of Canada is not easy to work but the data does look "interesting". An early stage play that is in the realm of highly speculative but in the current state of the metal markets, this is what investors look for to have a go.
Figure 4: The share price chart of Pivotal metals as of the 6th March 2026. (source: commsec).
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