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Neometals Ltd.
Summary
| Project: | Mt Edwards | |
|---|---|---|
| Deposit: | Armstrong | |
| Location: | Australia | |
| Commodities: | Nickel-Copper-Arsenic | |
| Date: | 4/16/2020 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 16-4-2020: Neometals Ltd. announces a Resource Estimation report for its Armstrong deposit at the Mt Edwards project. Updated Mineral Resource Estimate for Armstrong. Neometals Ltd (ASX: NMT) (“Neometals” or “the Company”) is pleased to announce an update | |
| Resources: | (Resource, Total): 633kt @ 2.1% Ni at Armstrong | |
| CP/QP: | [Resources]: Gregory Hudson (Internal) | |
| ABSTRACT: | Neometals Ltd (ASX: NMT) (“Neometals” or “the Company”) is pleased to announce an updated nickel Mineral Resource at its Armstrong deposit (“Armstrong”), estimated in accordance with the 2012 JORC Code. Armstrong forms part of the Mt Edwards Project located in aprovince of historic nickel sulphide mines. Utilising historical and new drilling and assay data, the reinterpreted Mineral Resource at Armstrong has increased by 60% to 13,200 tonnes of contained nickel. Reverse circulation (“RC”) drilling was undertaken at Armstrong in December 2019. The RC program infilled the Mineral Resource to improve the understanding of the interpreted down plunge mineralised zone and to test the extent of remobilised high-grade shoots at depth below the main ultramafic-basalt contact. The recent RC drilling intercepted massive nickel sulphide, including 6 metres @ 8.11% nickel from 206 metres down drill-hole (for full details refer to ASX announcement entitled “High-grade massive nickel sulphide at Mt Edwards” released on 31 January 2020). This was the first nickel exploration drilling at Armstrong since 2007 and helped validate the previous drilling information and furthered the understanding of the channel geometry. | |
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