Fathom Nickel: How new techniques have been ”incredibly successful” finding high-confidence targets.

Fathom IPO’d in May of 2021 pursuing its flagship Rottenstone project. The company has gotten some love from the market a few times since then, as CEO Ian Fraser (and President Doug Porter) have very successfully and aggressively pushed their two projects (Albert Lake and Gochager Lake, acquired in September of 2022) forward. So while the tide has gone out on metals sector sentiment, it is my thought that Fathom has never been stronger than it is right now. This is because it looks an awful lot like they possess both a proven, effective, reproducible exploration thesis and a heck of a lot of multi-% Ni targets to hone in on with it And that is an obviously exciting combination. Fathom’s use of BHEM analysis has lead to dramatic and definitive results. This is because BHEM readings have done nothing less than redefine how these two land packages are meant to be understood. They are clear, direct, and accurate indicators of identifying and targeting these pockets. I like Fathom a lot. I believe they simply knows more, have more potential, and have a clearer path to value creation than most exploration companies I know. All that’s left for Fathom to do is drill and see just how rich those pods can get. And based on Ian’s knowledge and enthusiasm, I can’t help but feel a little excitement too.

Time Stamps:

01:00: Overview of the Company

05:00: Quick overview of what’s coming for Fathom over the next 0-6 months.

10:20: Slide Deck Conversation

17:00: Cost of Drilling

18:40: Discussion: Fathom’s Origin Story – What work did you do from 2015-2021 to set up Fathom for success with drilling today.

26:00: The exploration thesis

28:40: What’s the blue sky potential?

35:00: How many targets have they compiled that could be another Rottenstone?

42:00: Albert Lake vs. Gochager Lake

46:15: Is Albert Lake a good analogue for Gochager?

50:00: How is Fathom’s approach different than historical operators?

55:30: Assays Outstanding

58:30: When is the right time to make a transaction?

60:40: What are your next targets?

65:45: Final Thoughts to Ian

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