An infill drilling program at Mindoro Resources’ Agata Nickel Project has intersected thick, high-grade nickel laterite.
A total of 52 holes for 940 metres have been completed from a detailed infill drilling program totalling 2500 to 3000 metres.
Results have been received for 322 core assays from the first 16 holes, drilled on 25 metre x 25 metre and 50 metre x 50 metre patterns.
The limonite horizon averages 1.19% nickel, 0.13% cobalt and 47% iron over an average thickness of 4.60 metres. The peak thickness and grade intercept is 10.25 metres @ 1.41% nickel and 0.11% cobalt from 1.30 metres depth.
The underlying saprolite horizon averages 1.24% nickel over an average thickness of 7.48 metres. The peak thickness and grade saprolite intercepts are 16.75 metres @ 1.26 % nickel from 2.50 metres and 14.55 metres @ 1.38 % nickel from 9.0 metres.
The results include grades and thicknesses consistent with those previously reported.
The results continue to be of potential economic interest as potential direct shipping ore (DSO) nickel-iron limonite for the Chinese nickel-pig iron market and high grade transition to saprolite ore for Chinese Electric Arc Furnace (EAF) and/or other acid leach or ferronickel processing facilities in Australasia.
Results of the drilling, combined with mine planning information, will allow preparation of an NI 43-101 mineral reserve statement, scheduled for July.
In addition, a scoping study and metallurgical testing program for a large scale integrated nickel laterite processing operation is in progress. The study is considering a staged development beginning with a DSO then saprolite atmospheric leaching operation, as well as a major integrated high pressure acid leach (HPAL)/atmospheric leach/saprolite neutralization project.
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