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Bellzone Mining Plc
Summary
| Project: | Kalia | |
|---|---|---|
| Deposit: | Kalia | |
| Location: | Guinea | |
| Commodities: | Nickel-Iron | |
| Date: | 8/25/2016 | |
| Report Code: | JORC | |
| Report Type: | Pre-Feasibility Study | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 25-8-2016: Bellzone Mining Plc announces a Pre-Feasibility Study report for its Kalia deposit at the Kalia project. Ferronickel technical study results for Kalia project. Bellzone Mining plc (AIM: BZM) is pleased to announce an update and results of the t | |
| Resources: | (Resource, I+I): 79.28Mt @ 0.69% Ni | |
| CP/QP: | [Resources]: Mick Elias (CSA Global Pty Ltd.) | |
| ABSTRACT: | Bellzone Mining plc (AIM: BZM) is pleased to announce an update and results of the technical study undertaken to date on its Kalia Project for the production of ferronickel, as the first step in exploiting its Kalia iron ore concession. The Ferronickel Project concept and pre-feasibility study work conducted to date shows the first phase of Kalia's development is expected to deliver a positive return on investment on a standalone basis, ahead of the planned development of the large-scale bulk export iron ore mine. Bellzone plans to achieve first ferronickel production from Kalia in H1 2018, with exports expected to commence shortly after production commences. The Ferronickel Project will provide a good platform for future development of the iron ore mine, enabling Bellzone to develop on-mine infrastructure and to build a strong and well-trained staff base conversant with the extraction and processing of both nickel mineralisation and bulk iron ore. There is reasonable scope to expand the Ferronickel Project through future exploration within the Concession area as there are expected to be additional nickel-mineralised deposits contiguous with the area drilled to date. | |
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