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    Trapper target at Saga’s Radar project: grade and resource lens for mine planners

    January 6, 2026|

    Reviewed by Joe Ashwell

    Trapper target at Saga’s Radar project: grade and resource lens for mine planners

    First reported on MINING.com

    30 Second Briefing

    Initial drilling at Saga Metals’ Radar iron-titanium-vanadium project in Labrador has defined Trapper as its strongest target, with hole R-0009 cutting 296 m from 2.5 m depth grading 39.75% Fe₂O₃, 7.46% TiO₂ and 0.25% V₂O₅, including 63 m at 44% Fe₂O₃ and 9% TiO₂. A second hole, R-0008, returned 269.36 m at 36.21% Fe₂O₃, 6.57% TiO₂ and 0.244% V₂O₅ from 3.4 m, with internal intervals up to 46.15% Fe₂O₃ and 9.2% TiO₂. Saga reports Trapper’s iron and titanium grades are 124% and 105% higher than Hawkeye’s best assays, supporting a 15,000 m programme targeting an indicated resource later in 2026.

    Technical Brief

    • Saga has completed eight drillholes at Trapper so far within the broader Radar project.
    • Iron grades at Trapper are reported as 124% higher than Hawkeye’s best hole assays.
    • Titanium grades at Trapper exceed Hawkeye’s best by 105%, with vanadium 37% higher.
    • Radar lies ~10 km south of Cartwright and ~390 km east of Happy Valley–Goose Bay, Labrador.
    • Market capitalisation reached about C$41.9 million after a 15% share price increase to C$0.59.

    Our Take

    Within our 11 keyword-matched pieces on titanium and vanadium, most focus on Australian and African feedstock, so Saga Metals’ Radar project in Labrador stands out as one of the few emerging North American titanium-vanadium oxide plays in the database.

    The long, near-surface intervals at Trapper (from roughly 2–3 m depth over 250+ m) imply a bulk-tonnage, open-pit style geometry, which, if continuity holds, could be competitive with established ilmenite operations such as Rio Tinto’s Lac Tio in Quebec on mining cost per tonne of ore moved.

    The C$6 million raised to drill Trapper against a current market value of about C$41.9 million suggests Saga Metals is still in a high-leverage exploration phase, where incremental resource definition in Labrador could materially re-rate the company relative to other early-stage titanium-vanadium names in our coverage.

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    Prepared by collating external sources, AI-assisted tools, and Geomechanics.io’s proprietary mining database, then reviewed for technical accuracy & edited by our geotechnical team.

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