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Barra Resources Ltd.
Summary
| Project: | Mt Thirsty | |
|---|---|---|
| Deposit: | Mt Thirsty | |
| Location: | Australia | |
| Commodities: | Cobalt-Nickel-Manganese | |
| Date: | 4/12/2019 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 12-4-2019: Barra Resources Ltd. announces a Resource Estimation report for its Mt Thirsty deposit at the Mt Thirsty project. Initial mineral resource estimate for Mt Thirsty North. The Mt Thirsty Cobalt-Nickel Project is located 16km northwest of Norseman | |
| Resources: | (Resource, I+I): 26.6Mt @ 0.113% Co, 0.52% Ni at the project | |
| CP/QP: | [Resources]: David Reid (Golder Associates) | |
| ABSTRACT: | The Mt Thirsty Cobalt-Nickel Project is located 16km northwest of Norseman, Western Australia. (Figure 1). The project is jointly owned by Barra Resources Limited and Conico Limited, together the Mt Thirsty Joint Venture (MTJV). The Project contains the Mt Thirsty Cobalt-Nickel Oxide Deposits and has the potential to emerge as Australia’s next cobalt producer. The MTJV is progressing a Pre-Feasibility Study (PFS) on the project. Geology and Geological Interpretation The Mt Thirsty North Cobalt-Nickel Deposit is of similar style to the main Mt Thirsty Cobalt-Nickel Deposit, 3km to the south. The Mt Thirsty North Deposit is situated beneath a laterite capped ridge and is hosted in strongly weathered ultramafic peridotite rocks between a sediment-ultramafic-basalt sequence to the west and a thick gabbro-pyroxenite unit to the east. Weathering and supergene enrichment processes have produced the secondary deposit which is enriched in cobalt, nickel and manganese. | |
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