United States

Eagle Mine

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Summary

Mine TypeUnderground
StatusActive
Commodities
  • Nickel
  • Copper
  • Cobalt
  • Gold
  • Silver
  • Platinum
  • Palladium
SnapshotThe Eagle Operation includes Eagle mine and Humboldt mill.

The mine has three active mineralized zones called Eagle, Eagle East, and the Keel (Upper Eagle East), commenced in Q1 2023.

2024 production was impacted by reduced mining rates following a ground fall in the lower ramp in May 2024, which restricted access to Eagle East. The ramp rehabilitation in Eagle East was completed in the first quarter of 2025, allowing mining and processing activities to return to normal levels.

On April 30, 2026, Talon Metals Corp. announced the results of an independent National Instrument 43-101 technical report for the Eagle Mine operation. The Technical Report establishes Talon's first independent Mineral Resource and Mineral Reserve baseline for Eagle following the completion of its acquisition of the Eagle Mine and Humboldt Mill on January 9, 2026.

Owners

SourceSource
CompanyInterestOwnership
Exxxx Mxxx LLC (xxxxxxxx) 100 % Dxxxxx
Txxxx Mxxxxx Cxxx. 100 % Ixxxxxxx

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Deposit type

  • Magmatic

Summary:

Deposit Type
Magmatic sulphide deposits containing nickel and copper, with or without PGMs, account for approximately 60% of the world’s nickel production and are active exploration targets in the United States and elsewhere. On the basis of their principal metal production, magmatic sulphide deposits in mafic rocks can be divided into sulphide rich and sulphide poor. Sulphide rich deposits typically have 10% to 90% sulphide minerals and have economic value primarily because of their nickel and copper contents. Sulphide poor deposits typically contain 0.5% to 5% sulphide minerals and are exploited principally for Platinum Group Metals (PGM).

The Eagle and Eagle East deposits are sulphide rich and high-grade magmatic sulphide accumulations containing nickel-copper mineralization and minor amounts of cobalt and PGMs. The economic minerals associated with these deposits are predominately pentlandite and chalcopyrite.

The mineralization process common to all primary magmatic sulphide deposits consists of: 1) Metal-rich ultramafic magma intruding into the crust, typically in an extensional environment; 2) Sulphur saturation through geochemical contamination by crustal rocks resulting in primary sulphide droplets forming; 3) Metal enrichment of sulphides by interaction with large volumes of subsequent magma flow; and 4) Deposition of sulphides by density settling where magma flow slows due to structural traps or major changes in the geometry of the plumbing system (going from a small conduit to a large chamber, etc.).

Several varieties of this deposit type occur within the primary magmatic sulphide model, ranging from komatiite lava flow deposits like Raglan, to meteor impact triggered partial melting like Sudbury, to conduit style mineralization like Eagle and Voisey’s Bay, and layered mafic complex mineralization like the Duluth complex.

At Eagle, the conceptual model is that of a series of magma conduits connect several larger magma chambers and exploring for high grade orebodies is reliant on tracing the conduits from one chamber to the next. The model has proven successful with the discovery of the Eagle East deposit which was discovered as the result of directional drilling to follow the conduit from the much larger and lower grade Eagle East peridotite. Drilling between 2016 and 2018 defined a large gabbroic intrusion that truncates the Eagle East peridotite at depth and is interpreted to be a younger intrusion which occupies the same structural plumbing as Eagle East, locally obliterating the peridotite intrusion.

The likely depositional process for the formation of the Eagle East deposit is that mineralized peridotite moving upward along a vertical intersection of mantle-tapping structures (now occupied by the gabbro intrusion) carried disseminated sulphide droplets in a high-volume magma flow, and the sulphides were dropped from the magma when they exited the small 90-degree bend in the magma conduit at the east end of Eagle East. This likely resulted in a significant pressure and velocity gradient, resulting in high velocity magma slowing down significantly in the horizontal portion of the conduit, dropping dense sulphides. Additionally, back-draining of sulphides from higher in the intrusion and ponding of sulphides in the horizontal section is likely to be a contributing factor to the formation of high-grade massive sulphide and semi-massive sulphide.

Mineralization
Eagle and Eagle East are part of the same ultramafic intrusive complex, and both host high-grade primary magmatic nickel-copper-sulfide mineralization. Mineralization styles are similar at Eagle and Eagle East, consisting of ovoid to pipe-like bodies of mineralized peridotite with concentrations of sulfide mineralization along the base of the intrusion, resulting in the accumulation of semi-massive sulfide, and a central core zone of massive sulfide. Two types of economic mineralization are found in Eagle and Eagle East: semi-massive sulfides and massive sulfides. Disseminated mineralization is also encountered in the peridotite intrusive, with some of the mineralized peridotite being potentially economic based on forecasted nickel and copper prices.

Eagle
The intrusion hosting Eagle is elongated east-west with a maximum length of 480 m and maximum width of approximately 100 m near surface. The intrusion narrows to approximately 10 m wide at the limit of drilling, 290 m below surface (145 m RL). The sulphide bodies within the intrusion comprise an irregular mass broadly aligned with the strike and dip of an ovoid dilatant zone occupied by the peridotite. The bodies subtend a volume measuring 330 m in strike length by 270 m vertically, abruptly terminating on the west and tapering to the east with a maximum thickness in the middle of approximately 135 m. At the east and west ends of this volume are two bodies of semi-massive sulphides (SMSU), termed SMSUE and SMSUW, respectively. The SMSUW is somewhat pipe-like in shape, oriented vertically within the peridotite. The SMSUE is more tabular in aspect, extending eastwards from the central core of the deposit, again, at roughly the same orientation as the host intrusion. Although these units are distinguished from one another for the purposes of geological interpretation and Mineral Resource estimation, the SMSU bodies do appear to be a single contiguous mass.

A single irregular body of massive sulphide (MSU) occupies the central portion of the deposit, more or less between the SMSUE and SMSUW. The MSU extends outside of the semi-massive bodies, and in many cases has intruded the sedimentary rocks adjacent to the peridotite. This has resulted in several flat sill-like protuberances at the margin of the deposit.

Eagle East and Keel
Eagle East has identified nickel and copper rich massive and semi-massive sulphide mineralization concentrated along a horizontal conduit at the bottom of the main Eagle East intrusion. Prior to the exploration program initiated in 2013, no semi-massive sulphide had been found at Eagle East and MSU lenses of only one-to-two meters have been found along the 45° plunging keel of the intrusion. The Eagle East intrusion can be categorized into two components: the funnel shaped upper peridotite intrusion outlined prior to 2013 and the sub-horizontal conduit zone defined since 2013.

The conduit zone contains massive sulphide and semi-massive sulphide similar to Eagle, whereas the main intrusion consists of barren peridotite with low grade disseminated and thin massive sulphides along the keel. The conduit exploration program has identified a 500 m long horizontal section of the Eagle East feeder conduit, where the peridotite conduit is cored by semi-massive sulphide with massive sulphide accumulations at its base, as well as massive sulphide sills into the sediments. The conduit is up to 30 m thick, and its vertical extent is in the order of 75 m.

The Keel host rock is peridotite, with mineralization occurring as disseminated sulfide blebs, measuring 1-20mm in diameter. Modal sulfide percentages increase as the lower contact is reached. In places, there is a basal massive sulfide along the intrusive/sedimentary contact, measuring 0.5 m to 1.5 m thick.

Reserves

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Mining Methods

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Heavy Mobile Equipment

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Comminution

Crushers and Mills

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Processing

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Commodity Production

CommodityUnits20252024202320222021202020192018201720162015
Nickel t  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe 13,494 17,573 22,081 24,114 27,167
Copper t  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe 14,297 17,974 21,302 23,417 24,331
Silver koz  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe 143 158 200 223 210
All production numbers are expressed as metal in concentrate.

Operational metrics

Metrics2025202420232022202120202019201820172016
Daily ore mining rate  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe
Daily milling capacity  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe
Plant annual capacity  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe 700 kt 700 kt 700 kt 700 kt 700 kt
Ore tonnes mined  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe 758 kt 748 kt 753 kt 760 kt 745 kt
Tonnes milled  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe 761 kt 747 kt 754 kt 754 kt 748 kt
Daily processing capacity  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe 2,000 t

Production Costs

CommodityUnits202520242023202220212020201920182017
Cxxxxxx (xx-xxxxxxx) Nxxxxx USD &xxxx;....&xxxx; Subscribe &xxxx;....&xxxx; Subscribe &xxxx;....&xxxx; Subscribe &xxxx;....&xxxx; Subscribe &xxxx;....&xxxx; Subscribe -3.46 / xx&xxxx; -3.56 / xx&xxxx; -3.37 / xx&xxxx;
Cxxx xxxxx (xxxx) Nxxxxx USD &xxxx;....&xxxx; Subscribe &xxxx;....&xxxx; Subscribe &xxxx;....&xxxx; Subscribe &xxxx;....&xxxx; Subscribe &xxxx;....&xxxx; Subscribe &xxxx;....&xxxx; Subscribe 2.84 / xx&xxxx; 1.01 / xx&xxxx; 0.93 / xx&xxxx;
Txxxx xxxx xxxxx (xxxx) Nxxxxx USD &xxxx;....&xxxx; Subscribe &xxxx;....&xxxx; Subscribe &xxxx;....&xxxx; Subscribe &xxxx;....&xxxx; Subscribe &xxxx;....&xxxx; Subscribe 6.3 / xx&xxxx; 4.57 / xx&xxxx; 4.3 / xx&xxxx;
Axx-xx xxxxxxxxxx xxxxx (xxxx) Nxxxxx USD &xxxx;....&xxxx; Subscribe &xxxx;....&xxxx; Subscribe &xxxx;....&xxxx; Subscribe &xxxx;....&xxxx; Subscribe &xxxx;....&xxxx; Subscribe &xxxx;....&xxxx; Subscribe 3.74 / xx&xxxx; 1.84 / xx&xxxx; 1.42 / xx&xxxx;

Mine Financials

Units20252024202320222021202020192018
Cxxxxxx xxxxxxxxxxxx M USD &xxxx;....&xxxx; Subscribe &xxxx;....&xxxx; Subscribe &xxxx;....&xxxx; Subscribe &xxxx;....&xxxx; Subscribe &xxxx;....&xxxx; Subscribe &xxxx;....&xxxx; Subscribe 41.9&xxxx; 45.8&xxxx;
Sxxxxxxxxx xxxxx M USD &xxxx;....&xxxx; Subscribe &xxxx;....&xxxx; Subscribe &xxxx;....&xxxx; Subscribe &xxxx;....&xxxx; Subscribe &xxxx;....&xxxx; Subscribe &xxxx;....&xxxx; Subscribe 11.5&xxxx; 10&xxxx;
Rxxxxxx M USD &xxxx;....&xxxx; Subscribe &xxxx;....&xxxx; Subscribe &xxxx;....&xxxx; Subscribe &xxxx;....&xxxx; Subscribe &xxxx;....&xxxx; Subscribe &xxxx;....&xxxx; Subscribe 212.9&xxxx; 265.9&xxxx;
Gxxxx xxxxxx M USD &xxxx;....&xxxx; Subscribe &xxxx;....&xxxx; Subscribe &xxxx;....&xxxx; Subscribe &xxxx;....&xxxx; Subscribe &xxxx;....&xxxx; Subscribe &xxxx;....&xxxx; Subscribe 36&xxxx; 74.2&xxxx;
Axxxx-xxx Ixxxxx M USD &xxxx;....&xxxx; Subscribe &xxxx;....&xxxx; Subscribe &xxxx;....&xxxx; Subscribe &xxxx;....&xxxx; Subscribe &xxxx;....&xxxx; Subscribe &xxxx;....&xxxx; Subscribe 26.3&xxxx; 44.4&xxxx;

Personnel

Mine Management

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Workforce

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