Firebird hosts a magmatic nickel sulphide mineralized system that has been underexplored by modern exploration methods until its acquisition by ALX and subsequent exploration option agreement with Rio Tinto Canada.

Since 2020, ALX has completed two drill programs totaling 1,339m in seven holes. The 2020 program targeted the V1 area 100m east of the Currie Lake occurrence. Hole FN20-002 drilled to a depth of 108m intersected 0.36% nickel and 0.09% copper over a 23.78 m interval, including 10.61m of 0.55% Ni and 0.14 % Cu from 54.01m to 64.62m and 2.05 m of 0.90% Ni and 0.19% Cu from 58.95m to 61.00m.

In 2021 Rio Tinto completed a limited 4-hole 739.5m diamond drill program on three of four conductive anomalies outlined by a 2020 airborne VTEM Max geophysical survey and followed-up with ground geophysics. The fourth priority target at Currie Lake West was not tested due to the unavailability of a helicopter and drill. While no significant nickel, copper, or cobalt values were found in the mineralized intervals, most anomalies identified by the VTEM survey in the northern part of Firebird were followed up with sampling that assayed as high as 2.43% Ni and 8.34g/t Au, have yet to be drill tested.

Through continued geophysical review and modelling of historical airborne survey data the Company is focussing its efforts to locate magmatic conduits and feeder systems that could represent the sources of the known nickel deposits at the Firebird and discover additional mineralized zones.