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Neometals Ltd.
Summary
| Project: | Mt Edwards | |
|---|---|---|
| Deposit: | Mt Edwards | |
| Location: | Australia | |
| Commodities: | Nickel-Copper-Arsenic | |
| Date: | 8/5/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 5-8-2019: Neometals Ltd. announces an Exploration/Drilling Update report for its Mt Edwards deposit at the Mt Edwards project. Drilling results incl. 11m @ 2.64% Ni, 3127ppm Cu, 792ppm As from 108m. Neometals Ltd (ASX: NMT) (“Neometals” or “the Company”) | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Gregory Hudson (Internal) | |
| ABSTRACT: | Neometals Ltd (ASX: NMT) (“Neometals” or “the Company”) is pleased to announce the results from a 15‐hole reverse circulation drill and sample program carried out in June 2019 at the Company’s Mt Edwards Project (100% owned except gold rights) located 35km west of Kambalda in Western Australia. The 2,705 metre reverse circulation (“RC”) drill program represents the first stage of a comprehensive nickel exploration program planned for the current financial year. Newexco exploration consultants are assisting Neometals with targeted nickel exploration, using historical and recently acquired geochemical and geophysical datasets. Significant nickel sulphide intercepts at the Zabel prospect confirms the high‐grade tenor of mineralisation contained within a large, moderate grade nickel inventory at Mt Edwards, while the drilling at Lake Eaton has shown elevated nickel grades on and near the ultramafic – basalt contact along strike of Mincor Resources’ high‐grade Cassini nickel deposits. In addition to being located in the highly endowed and globally significant Eastern Goldfields lithium province, Mt Edwards hosts approximately 123,000 tonnes of contained nickel estimated for ten Mineral Resources across its tenure (for full details refer to ASX announcement entitled “Mt Edwards Project Mineral Resource Over 120,000 Nickel Tonnes” released on 22 June 2018). Further high‐grade nickel exploration success at Mt Edwards enhances its value and increases options for realising value from the project. | |
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