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Metals X Ltd.
Summary
| Project: | Central Musgrave Project | |
|---|---|---|
| Deposit: | Wingellina | |
| Location: | Australia | |
| Commodities: | Nickel-Cobalt-Iron | |
| Date: | 2/13/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Mine Development | |
| Report details: | 13-2-2018: Metals X Ltd. announces an Exploration/Drilling Update report for its Wingellina deposit at the Central Musgrave Project project. Drilling results incl. 86m @ 0.22% Co, 1.04% Ni from 12m. Metals X Limited (Metals X or the Company) is pleased to | |
| Resources: | (Reserve, Prob): 168.4Mt @ 0.93% Ni, 0.07% Co at Wingellina | |
| CP/QP: | [Overall Report]: Jake Russell (Internal) | |
| ABSTRACT: | Metals X Limited (Metals X or the Company) is pleased to advise that it has now received all assay results from the recently completed infill RC drilling program at its 100%-owned Wingellina Nickel-Cobalt Project in Western Australia (Wingellina). The Wingellina Mineral Resource extends over almost ten kilometres within which the Company has delineated fifteen substantial high grade cobalt pits. These represent only a small portion of what is one of the world’s largest, undeveloped nickel-cobalt-scandium deposits. The infill drilling, conducted on six of the fifteen identified pit shells, successfully confirmed the targeted high grade cobalt domains, with the majority of drill holes returning exceptional cobalt and nickel results. “These outstanding drill results continue to confirm the extent of the shallow, high grade cobalt and nickel mineralisation within the previously delineated high grade pits of this massive deposit. With the pending completion of the current metallurgical testwork program focusing on the production of cobalt sulphate and nickel sulphate for the battery industry, the next step is to optimise these pits and to look at the options for a smaller scale start-up that limits the upfront capital. Wingellina is part of Metals X’s Central Musgrave Project, which remains as one of the largest undeveloped nickel-cobalt deposits in the world. The Central Musgrave Project has a Mineral Resource containing approximately 2.0 million tonnes of nickel and 154,000 tonnes of cobalt within which Wingellina hosts an Ore Reserve of approximately 1.56 million tonnes of nickel and 123,000 tonnes of cobalt3. | |
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