[SMM Analysis] Trading Sentiment Slightly Rebounded, Nickel Salt Prices Rose

Winshear Metals (TSX-V: WINS) has completed a six-hole, 1,235.6m Phase 1 drill program at the Rodburn Target on its Portsoy Nickel-Copper-Cobalt Project in Aberdeenshire, Scotland. At the North Zone, disseminated sulphides were observed over a 69.5m section in hole RBD028 — the widest sulphide zone encountered on the project to date — with mineralization remaining open to the west. At the South Zone, hole RBD029 extended the main mineralized zone at least 80m down dip, while downhole EM surveying in RBD030 detected a strong off-hole conductor starting at approximately 300m depth, flagged as a high-priority target for the next drilling phase. Assay results are pending.

Indonesia is restricting new investment in nickel smelters producing intermediate products — including nickel pig iron, ferronickel, nickel matte, and mixed hydroxide precipitate — as the government seeks to redirect the industry toward battery materials and green industrial products, according to Rudy Salahuddin, Secretary of the Ministry of Investment and Downstreaming. The remarks were made at a discussion in Jakarta on May 25 focused on advancing equitable value-added growth in Indonesia's nickel downstream sector.