For thousands of other reports visit RSC's Mineral Intellingence Map
Heron Resources Ltd.
Summary
| Project: | Kalgoorlie Nickel | |
|---|---|---|
| Deposit: | KNP Cobalt Zone | |
| Location: | Australia | |
| Commodities: | Cobalt-Nickel | |
| Date: | 1/6/2017 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Pre-Feasibility Study | |
| Report details: | 6-1-2017: Heron Resources Ltd. announces a Resource Estimation report for its KNP Cobalt Zone deposit at the Kalgoorlie Nickel project. Mineral resource statement for KNP Cobalt Zone at project. Heron Resources Limited (Heron or Company) is pleased to adv | |
| Resources: | (Resource, Total): 49.7Mt @ 0.12% Co, 0.86% Ni at KNP Cobalt Zone | |
| CP/QP: | [Resources]: James Ridley (Ridley Mineral Resource Consulting Pty Ltd.) | |
| ABSTRACT: | Heron Resources Limited (Heron or Company) is pleased to advise that its wholly owned subsidiary, Ardea Resources Limited (Ardea), has completed an independent Resource Statement for the cobalt-rich portions of the Kalgoorlie Nickel Project (KNP). The KNP Cobalt Zone is a key element of Ardea’s IPO and listing on ASX, planned for February 2017. The new estimate for the KNP Cobalt Zone is 49.7Mt at 0.12% cobalt and 0.86% nickel, occurring within three separate KNP centres (Table 1). The global cobalt resource for the full KNP remains unchanged at 805Mt at 0.05% cobalt using a 0.5% Ni cut-off grade. Ardea completed a review of the KNP in late 2016, concluding that the KNP as a whole comprises Australia’s and the developed world’s largest cobalt resource1 . The KNP Cobalt Zone is located 50-150km north and northeast of Kalgoorlie in Western Australia (Figures 1 & 2), a favoured investment jurisdiction with excellent infrastructure that can facilitate ethical cobalt production for green energy. Vale Inco2 completed a $34.5 million Pre-Feasibility Study (PFS) on the KNP in 2009 concluding that it is “one of the most prospective nickel laterite tenement packages in the world” and “the KNP tenements form one of the largest potential nickel laterite deposits in the world”. Independent firm Ridley Mineral Resource Consulting Pty Limited (RMRC) has reported the following Mineral Resources within the five cobalt-rich prospect areas based on identified zones of continuous elevated cobalt mineralisation using a 0.08 % Co cut-off in these areas. | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report