PR Newswire
LONDON, United Kingdom, February 26
26 February 2026
BWA Group PLC
(«BWA», or the «Company») (AQUIS: BWAP)
Field Mapping and Sampling Programme at the Isoukustouc Licence, and Update on
Winterhouse Project Claims Group, Kings of the North Project, Quebec, Canada
BWA Group plc [AQSE: BWAP], which has mineral exploration permits in Cameroon,
mining claims in Canada, and is quoted on London’s Aquis Growth Market, provides
an update on its recently completed mapping and sampling visit to the Kings of
the North («KOTN») Isoukustouc licence, Quebec, Canada («Isoukustouc» or
«Isoukustouc Project»).
The Isoukustouc licence group is in the North-Shore region of the St-Lawrence
River, in proximity to the communities of Baie Comeau (80 km south) and Sept
-Îles (150 km east) (Figure 1). The Isoukustouc licence is located less than ten
kilometres to the northeast of the Manic-3 hydro generating station within the
Manicouagan Reservoir. The Isoukustouc licence consists of 30 claims totalling
16.5 km2.
The licence area is prospective for intrusion-related Ni-Cu (+/-PGE) sulphide
mineralisation, with additional potential of magmatic lithium. Several Ni-Cu-PGE
occurrences have been uncovered recently in the Grenville Province, including
the Cu-Ni mineralisation associated with mafic intrusions of the Lac Volant
Occurrence in the Matamec Complex.
Summary
KOTN through use of geological consultants, Addison Mining Services Ltd («AMS»)
and Minéralis Consulting Services («Minéralis») completed a four-day follow up
site visit to the KOTN Isoukustouc licence. The visit was completed between the
29 October to 1 November 2025, during which 36 primary surface samples were
taken from accessible areas near high priority geophysical anomalies (Figures 2
to 5). Mapping covered >6.5 km2.
The visit was conducted in follow up to the 2023 field visit for the assessment
of existing known targets to gain a better understanding of the project’s
geology, target characteristics and accessibility for possible future work
programmes.
Three known prospects and their strike extents were targeted from previous
exploration works and interpretations (Manic-3, B-40 and Mathilda). Thirty eight
surface grab samples were collected and sent to ALS Canada for analysis.
Sample Results
The team visited three known mineral prospects; B-40, Manic-3, and Mathilda and
confirmed the presence of disseminated and massive sulphides that are associated
with magmatic rocks of Gabbroic composition, generally consisting of pyrite,
pyrrhotite, chalcopyrite and pentlandite, as shown in Figure 2 of sample
G350067. A total of 36 rock samples were collected, representing a variety of
lithologies, mineralised intervals, and structural features.
The main anomalous samples include G350067, G350069, G350080, and G350081,
showing elevated Cu, Co, Ni, and Ag with a small amount of Au detected in
G350067. These results are notable, as elevated levels of these metals are often
indicative of an intrusion-related sulphide system, consistent with the
geological model for the area.
The identification of low-level gold within one of the samples further enhances
the prospectivity, suggesting the possibility of polymetallic mineralisation in
addition to the base metals.
Samples G350067 (0.81% Cu, 0.28% Ni, 0.14 % Co, 0.16 ppm Au and 4.71 ppm Ag –
Figure 2) and G350069 (0.20% Cu, 0.19% Ni, 0.02 ppm Au and 1.12 ppm Ag) are
situated within the Manic-3 prospect, an area known for its sulphide
mineralisation. Meanwhile, samples G350080 (0.10% Cu, 0.16% Ni and 1.05 ppm Ag)
and G350081 (0.11% Cu, 0.14% Ni and 1.10 ppm Ag) are located within the Mathilda
prospect, which has previously been identified as a high-priority target due to
the presence of disseminated sulphides within gabbroic intrusions.
Geological observations from the 2025 programme support the interpretation of an
intrusion-related Ni-Cu sulphide system, consistent with historical work in the
region. Mapping at B-40 validated the structural corridor hosting mineralisation
and confirmed the continuity of gabbro to gabbronorite units along strike. Both
intrusive-hosted and metasedimentary-hosted sulphides were observed in the
southwest claim block, highlighting diverse favourable environments for
mineralisation.
Mapping west of Manic-3 delineated new mineralised intervals over a strike
length of approximately 90 metres, and Mathilda exhibited high proportions of
disseminated sulphides (20-25%) within gabbroic intrusions, reinforcing its
status as a high-priority exploration target.
In summary, the 2025 field programme have enhanced the geological understanding
of the Isoukustouc property, confirmed multiple mineralised targets, and
identified key logistical requirements for future exploration phases.
The 2025 results, coupled with the 2023 results provide a strong foundation and
insight into the mineral potential of the Isoukustouc property, highlighting the
spatial distribution of mineralisation within the claims. Although the total
number of samples is relatively low, their anomalous nature suggests the
presence of potentially economic mineralised systems, warranting further
investigation and follow-up systematic sampling in future field programmes
across the Isoukustouc licence.
The sample locations with Ni, Cu and Ti results are displayed as Figures 3, 4
and 5 respectively. Results of key target and anomalous elements are presented
below.
Jonathan Wearing, Non-Executive Chairman of BWA Group Plc, commented:
«We are pleased to report additional mapping and sampling activities at
Isoukustouc. The detection of anomalous Cu, Co, Ni, and Ag mineralisation,
alongside potential Au credits, is particularly encouraging. These findings
continue to confirm the area’s prospectivity, and BWA intends to develop a
comprehensive study plan and pursue a more systematic evaluation of the licence
in the near future».
Geology and Geological Interpretation
The licence is located within the Grenville Geological Province of the North
Shore region of Quebec. The Grenville Province extends for more than 2,000 km in
length and skirts the North Shore of the St-Lawrence River and varies in width
between 300 km to 600 km.
The Grenville Province consists of high-grade metamorphic terrains exposed along
the southeastern margin of the Canadian Shield, which were deformed by the
Grenvillian Orogenic Cycle between 1,160 Ma and 950 Ma. The tectonic fabric of
Grenville is predominantly northeast-southwest trending. The present-day aspect
of Grenville is the result of a complex polycyclic structural evolution.
Host lithologies from the licence belong to the allochthonous polycyclic belt,
composed of paragneisses, orthogneisses, granites, gabbros and anorthosites. In
the licence, metamorphism is a higher grade from amphibolite to granulite
facies. The area is covered by granite and migmatites of higher metamorphic
grade in the upper amphibolite to granulite facies showing evidence of partial
melting. These rocks have been locally intruded by mafic and ultramafic rocks
such as gabbros, diorites, pyroxenites and monzonites. The intrusive rocks
appear as small plutons and stocks.
The mineralisation model type is understood to be an intrusion-related Ni-Cu (
-PGE) disseminated, semi- and massive sulphide, with a recent potential addition
of magmatic intrusion-related lithium.
Several nickel-copper-PGE occurrences have been uncovered during the last few
years in the Grenville Province, including the copper-nickel mineralisation
associated with mafic sills or dykes of the Lac Volant Occurrence in the Matamec
Complex located 35 kilometres north of Lac Méchant. The known copper-nickel
mineralisation (Renzy, Edouard and McNickel occurrences) are largely lower grade
(
