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A-Cap Energy Ltd.
Summary
| Project: | Wilconi | |
|---|---|---|
| Deposit: | Wilconi | |
| Location: | Australia | |
| Commodities: | Nickel-Cobalt-Magnesium | |
| Date: | 9/17/2019 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 17-9-2019: A-Cap Energy Ltd. announces a Resource Estimation report for its Wilconi deposit at the Wilconi project. Updated mineral resource estimate for project. A-Cap Energy Limited (A-Cap, the Company) has upgraded the Wilconi Ni-Co resource to the lat | |
| Resources: | (Resource, Inf.): 78.8Mt @ 0.74% Ni, 0.07% Co, 9.2% MgO | |
| CP/QP: | [Resources]: Stephen Godfrey (Mining Plus Pty Ltd.) | |
| ABSTRACT: | A-Cap Energy Limited (A-Cap, the Company) has upgraded the Wilconi Ni-Co resource to the latest JORC standard and is now pleased to announce that the geological modelling and resource calculations more clearly reflect the quality of the Wilconi mineralisation. Independent geological resource specialists, Mining Plus Pty Ltd (Mining Plus) were commissioned by A-Cap using historical and recent drilling data to estimate the Wilconi resource by separating the high cobalt-nickel zone from the underlying dominantly nickel zone. The work involved utilising results of 443 drillholes and 18,425 assays to create the updated resource model. The updated resource figures are presented in Table 1. By breaking the zones based both on the background magnesium content as well as selected cut-off grades, the resource geologists can define ore shells that geologically and metallurgically better reflect the practical conditions for future mining. The overall global inferred resource of 78.8 million tonnes grading 0.74% nickel and 0.07% cobalt has been further split into an overlying cobalt dominant zone (29 million tonnes) and an underlying nickel dominant zone (49.7million tonnes). | |
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