Let’s get one thing out of the way first: we were early on SAGA Metals (TSXV: SAGA). Before the stock listed, before the drill hit ground, before anyone could pronounce “vanadiferous titanomagnetite” without pulling a muscle, we were writing them up. We saw the value in a project with scale, near-term drillability, and strong proximity to infrastructure. They had Labrador land, critical minerals, and marketing-ready sizzle. So we were in their corner.
Then… silence.
When opportunity knocked to collaborate on getting their message out, SAGA got busy.
We don’t take it personally—well, maybe a little—but business is business. That said, our job is to look at projects, not personalities, and the Radar Titanium-Vanadium-Iron (Ti-V-Fe) project that SAGA saw as their side hustle before Rio TInto got involved in their core project is still a compelling one.
So, here’s a boots-on-the-ground update for investors who care more about intercepts than email replies.
Radar: Still a Bullseye?
Today’s news out of SAGA confirms significant oxide mineralization in the northwest corner of the Radar property, a 24,175-hectare monster that wraps around the 160 km² Dykes River intrusive complex. This new NW zone had one drill hole back in 1996, which showed titanium and iron in impressive concentrations—over 59% Fe₂O₃ and 7.3% TiO₂ in parts—but was left for dead due to persistent magnetite (funny how being “too mineralized” can shut a project down in the wrong cycle).
Fast forward to today: SAGA ran a magnetic survey in June and found highs pushing 55,000 nanotesla. That’s the kind of magnetic signal you chase with a drill. The source? Gabbronorite outcrops running 40% magnetite, sitting just 9 km from their previously drilled Hawkeye Zone. All of this sits near the Trapper Zone, which is now the focus of trail clearing and roadwork for future access.
The key here: the oxide layering trend may now run beyond the current 20km extent and connect to the NW zone, possibly forming one giant lopolith structure or a circular intrusion.
TRANSLATION: The whole thing could be part of one huge underground formation, like a giant bowl-shaped or donut-like structure full of valuable metals.
Either way, that’s a lot of potential tonnage.
Real Roadwork, Real Rock
Unlike some juniors who throw around “infrastructure” like it’s a buzzword, SAGA is actually doing the physical work. A 25-tonne excavator is already on-site, pushing through old forestry road and setting up drill access. That’s the kind of boots-on-the-ground commitment we like to see.
Add that to a 2025 winter drill program that delivered high-grade, thick intercepts—including:
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57.7m of 27.09% Fe, 5.3% TiO₂, and 0.365% V₂O₅
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20.2m of 31.35% Fe, 6.3% TiO₂, and 0.435% V₂O₅
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Multiple holes with 50+ meter intercepts grading over 20% iron and >0.3% vanadium
That’s strong. These mineral zones aren’t just lightly sprinkled with metal—they’re packed. On average, 20% to 40% of the rock is made up of valuable titanomagnetite, and in some spots, it shoots up past 60%.
They’ve only drilled about 1/40th of the known oxide trend so far, and the grades plus scale suggest there’s more coming.
Beyond Radar
Don’t forget, SAGA isn’t a one-trick pony. They’ve got the Double Mer uranium project (Labrador again), which runs an 18km uranium-bearing radiometric trend with surface samples up to 0.428% U₃O₈. Uranophane confirmed.
Then there’s their lithium land in Quebec’s James Bay, bordering Rio Tinto and Loyal Lithium. There’s a real shot at joint venture upside there, and the Amirault acquisition beefed it up further.
Final Take
SAGA’s got the rocks. That’s not in doubt. Radar is massive, well located, and delivering numbers that make sense in a world chasing critical metals. The business case doesn’t lie. If they stay consistent with the work—on the ground and with the market—this could evolve into a multi-asset contender in critical minerals.
Still bullish on the land. Jury’s out on relationships with the guys who brung ya, but let’s see if the drills can talk louder than hurt fee-fees.
— Chris Parry
FULL DISCLOSURE: No commercial arrangement, just keeping folks abreast of the things we made them aware of early. Act 2, as it were.
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