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Neometals Ltd.
Summary
| Project: | Mt Edwards | |
|---|---|---|
| Deposit: | Mt Edwards | |
| Location: | Australia | |
| Commodities: | Nickel | |
| Date: | 6/25/2018 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 25-6-2018: Neometals Ltd. announces a Resource Estimation report for its Mt Edwards deposit at the Mt Edwards project. Updated mineral resource estimate at Mt Edwards project. Neometals Ltd (ASX: NMT) (“Neometals”) is pleased to announce details of its up | |
| Resources: | (Resource, Total): 7.395Mt @ 1.7% Ni for 123340t Ni contained | |
| CP/QP: | [Resources]: Andrew Bewsher, Luke Marshall (BM Geological Services;Independent) | |
| ABSTRACT: | Neometals Ltd (ASX: NMT) (“Neometals”) is pleased to announce details of its updated nickel Mineral Resource Estimate following completion of the acquisition of tenements and the assignment of the nickel rights held by Apollo Phoenix Resources Pty Ltd (Apollo) (see Neometals ASX release dated 30 April 2018). The maiden Mineral Resources announced on 19 April 2018 have been significantly increased with the inclusion of four additional deposits: Mt Edwards, Widgie Townsite, Widgie 3 and Gillett (see Table 1). As announced on 15 March 2018, Neometals executed binding agreements to acquire a package of tenure and mineral rights including lithium and nickel rights comprising the Mt Edwards Project. The tenement and rights package is located 40km south of the Mt Marion Lithium Project(Neometals 13.8%, through Reed Industrial Minerals Pty Ltd) (refer Figure 1 and Appendix 1) This Mineral Resource estimate is reported in accordance with the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’ prepared by the Joint Or Reserves Committee of The Australasian Institute of Mining and Metallurgy, Australian Institute of Geoscientists and Minerals Council of Australia (JORC Code) and follows a detailed interrogation and review of the previously reported Mineral Resource estimates under the 2004 Edition of the JORC Code by the previous owners of these tenements and nickel rights. | |
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