For thousands of other reports visit RSC's Mineral Intellingence Map
Mincor Resources NL
Summary
| Project: | Kambalda | |
|---|---|---|
| Deposit: | Cassini | |
| Location: | Australia | |
| Commodities: | Nickel | |
| Date: | 11/6/2019 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 6-11-2019: Mincor Resources NL announces a Resource Estimation report for its Cassini deposit at the Kambalda project. Updated mineral resource estimate at Cassini. Mincor Resources NL (ASX: MCR, “Mincor” or the “Company”) is pleased to announce a further | |
| Resources: | (Resource, I+I): 1.254Mt @ 4.0% Ni at Cassini | |
| CP/QP: | [Resources]: Robert Hartley (Internal) | |
| ABSTRACT: | Mincor Resources NL (ASX: MCR, “Mincor” or the “Company”) is pleased to announce a further substantial increase in the Mineral Resource for the Cassini nickel sulphide deposit at Kambalda, with the short diamond drilling program completed since the August 2019 Mineral Resource update, underpinning a 33% increase in contained nickel to 50,400 tonnes. The updated Indicated and Inferred Mineral Resource, comprising 1.254 million tonnes @ 4.0% Ni, represents an increase of 12,600 high-grade nickel tonnes. Importantly, the addition of 269,000 tonnes of ore was delivered at a grade of 4.7% Ni, increasing the average grade of the Mineral Resource from 3.8% Ni to 4.0% Ni and confirming Cassini as one of the largest and highest-grade nickel deposits in the Kambalda district. In addition, over 86% of the expanded Mineral Resource is now classified in the higher-confidence Indicated category, and is available for conversion to Ore Reserves. Mincor’s Managing Director, David Southam, said the continued rapid growth in the Cassini Mineral Resource this year in terms of tonnage, grade and quality vindicated the Company’s faith and confidence in the significant untapped exploration potential of this newly defined district within the Kambalda region. | |
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