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Western Areas Ltd.
Summary
| Project: | Cosmos Nickel Complex | |
|---|---|---|
| Deposit: | Odysseus | |
| Location: | Australia | |
| Commodities: | Nickel | |
| Date: | 6/16/2017 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 16-6-2017: Western Areas Ltd. announces a Resource Estimation report for its Odysseus deposit at the Cosmos Nickel Complex project. 311% increase in the Total Massive Sulphide Resource tonnage. Western Areas Ltd (ASX: WSA, “Western Areas” or the “Company” | |
| Resources: | (Resource, Total): 7.9Mt @ 2.5% Ni for 199174t Ni (1.5% cut-off) contained at Odysseus | |
| CP/QP: | [Resources]: Andre Wulfse (Internal) | |
| ABSTRACT: | Western Areas Ltd (ASX: WSA, “Western Areas” or the “Company”) is pleased to announce that the Company has trebled the defined high grade Massive Sulphide Mineral Resource at the Cosmos Odysseus Project (“Project” or “Odysseus”). A significant percentage of the Disseminated Inferred Mineral Resource at the Project has also been upgraded to the Indicated category providing increased confidence and flexibility in the Definitive Feasibility Study that is currently underway (Table 1). Western Areas Managing Director, Dan Lougher, said that it was pleasing to tick off another milestone for the Odysseus Project at Cosmos. “The increase in the confidence level of the resources at Odysseus was one of the critical path items for the timely completion of the project DFS, and will support the definition of an Ore Reserve for the project. The amount of massive sulphides included from limited drilling and the increase in total nickel tonnes was above our expectation when we completed due diligence on this acquisition,” Mr Lougher said. “We are also pleased to advise that Piran Mining has been appointed as Project Manager for the DFS and has already commenced work. Piran Mining was Project Manager for the Spotted Quoll feasibility study which has turned into one of the great success stories for underground mining in Western Australia. Piran is well versed in the quality controls and high technical expectations driven by the Western Areas team, which was an important factor in making this appointment,” Mr Lougher said. | |
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