Haywood Securities Analyst Stefan Ioannou that Talon Metals Corp. (TLO) is one of three very good high-grade nickel explorers. Through Talon’s JV with Rio Tinto plc (RIO), the company has a project in Minnesota called Tamarack, where they are drilling a high-grade deposit.
“It is shaped like a tadpole, and all the drilling right now is focused on the high-grade tail,” Ioannou says. “But there is the large head of the tadpole that hasn’t been tested yet. I think that’s why Rio Tinto is interested in it.”
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Even if the head doesn’t work out, Ioannou says the tail on its own has already demonstrated grade and size potential that’s significant enough to attract a small- to mid-tier producer.
“If the head of the tadpole works out, we are talking about something like a Voisey’s Bay-type target,” Ioannou says.