Fjordland Exploration Inc. announced that it has received promising results from a scoping level metallurgical evaluation of the graphite potential at its Renzy Project located northwest of Maniwaki Quebec. In early 2023, Fjordland engaged SGS Minerals Lakefield to test a representative graphite sample on drill core derived from its 2022 drill program. The primary objectives of the testing were to develop a preliminary understanding of the metallurgical response of the mineralization and to characterize the graphite concentrate in terms of flake size distribution and total carbon grade of different size fractions.

After the third floatation test (F3), the 6th cleaner concentrate grade was 95.6% C(t) with a total carbon recovery of 94.2%. This high concentrate grade was achieved with polishing only, which suggests that the impurities are attached to the surface of the flakes rather intercalated. The flake size distributions of the sample classify the product as relatively coarse with 55% of the concentrate mass reporting to the+100 mesh size fractions.

Only 5.1% of the total concentrate mass reported to the very small flake sizes of minus 325 mesh. The final 2 holes of the 2022 Renzy drill program tested portions of a long surface anomaly referred to as the "S-Conductor" located 6km south-east of the old Renzy mine. The anomaly coincides with a wide zone of graphite mineralization tested by drill holes RZ-22-06 and RZ-22-07 that intersected 34m and 55m core lengths and averaged 0.9% and 0.7% carbon, respectively.

Higher grades occurred within the intercepts and the head grade for the metallurgical test measured 1.57% total carbon. SGS Lakefield reported that in order to evaluate the quality of the cleaner concentrates with regards to flake size distribution and Total carbon grade of the various size fractions, the final cleaner concentrates from F2 and F3 were submitted for a size fraction analysis.