Mincor Resources has reported a further substantial increase in estimated mineral resources at its Cassini nickel sulphide deposit at Kambalda, Western Australia. Based on a short diamond-drilling program completed between August and early November, the deposit’s mineral resource has increased by 33% to 50,400 mt of contained nickel.
Updated Cassini indicated and inferred mineral resources now stand at 1.254 million mt grading 4% nickel. Importantly, the addition of 269,000 mt of ore was delivered at a grade of 4.7% nickel, increasing the average grade of the resources from 3.8% to 4% nickel and confirming Cassini as one of the largest and highest-grade nickel deposits in the Kambalda district.
More than 86% of the expanded mineral resources are now classified as indicated and are available for conversion to ore reserves.
Mincor Managing Director David Southam said, “From a maiden mineral resource of 18,700 mt of nickel in August 2018, Cassini has grown quickly into a substantial asset for our shareholders, one of the cornerstone deposits of our plan to restart nickel production at Kambalda, and the most significant greenfields discovery seen in the district in over two decades.”
(www.mincor.com.au)
