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GME Resources Ltd.
Summary
| Project: | NiWest | |
|---|---|---|
| Deposit: | NiWest | |
| Location: | Australia | |
| Commodities: | Nickel-Cobalt | |
| Date: | 2/21/2017 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 21-2-2017: GME Resources Ltd. announces a Resource Estimation report for its NiWest deposit at the NiWest project. Updated Mineral Resource Estimate for NiWest. GME Resources Limited (“GME” or “the Company”) is pleased to advise that an updated Mineral Re | |
| Resources: | (Resource, Total): 81Mt @ 1.03% Ni, 0.06% Co for 830kt Ni, 52kt Co contained at project | |
| CP/QP: | [Resources]: David Reid (Ravensgate Mining Industry Consultants) | |
| ABSTRACT: | GME Resources Limited (“GME” or “the Company”) is pleased to advise that an updated Mineral Resource Estimate, compliant to JORC 2012 has been completed for the Company’s 100% owned NiWest Nickel - Cobalt Project. The resource update highlights the significance of the NiWest Project which is estimated to contain 830,000 tonnes of nickel metal and 52,000 tonnes of cobalt (Refer Table 1). The project is at an advanced stage and hosts one of the largest undeveloped Nickel and Cobalt resources in Australia. The NiWest Nickel - Cobalt Project is located adjacent to Glencore’s Murrin Murrin Nickel operations in the North Eastern Goldfields of WA (Figure 1). The project is situated in a semi arid region that is well serviced with existing infrastructure such as rail, gas pipeline, optic fibre communications, arterial bitumen roads and nearby established mining towns. Approximately 75% of the Mineral Resource Estimate reports to Measured and Indicated categories. Typical mineralisation lays between surface and 50 metres depth as a sub horizontal layer, 5 - 30 metres in thickness and 100 - 400 metres wide. The combination of low strip ratio open pit mining and predominately free digging oxidised saprolite and smectite mineralisation types provides for a low mining cost development. | |
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