From the announcement:-
"Unlike
most of Australia’s Nickel Laterite deposits, Wingellina is more correctly termed a Nickel Limonite
deposit, exhibiting different mineralogical characteristics and associations. The deposit is typified as a
high iron (approx. 48% Fe203), low Magnesium (approx. 1.7% Mg) moderate grade (0.95-1.5% nickel
and 0.05% - 0.10% cobalt) oxide deposit formed by intense weathering of ultramafic rock units of the
Wingellina layered intrusive complex."
Be interesting to find out what the advantages are in processing a limonite type deposit rather than the Murrin style laterite. I think low Mg reduces processing but not sure on other factors. I guess these will be discovered in scoping and feasibility studies.
Looks like biggest issues are still the remote location and land rights, but these may be less significant when we are talking billions of dollars worth of nickel. Just need the China story to roll on for another 5 yrs to make this a real winner.
- Forums
- ASX - By Stock
- MLX
- world class nickel mine announcement
world class nickel mine announcement, page-5
-
- There are more pages in this discussion • 5 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add MLX (ASX) to my watchlist
|
|||||
Last
40.5¢ |
Change
0.005(1.25%) |
Mkt cap ! $367.0M |
Open | High | Low | Value | Volume |
40.0¢ | 41.0¢ | 39.5¢ | $1.082M | 2.687M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 208589 | 39.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
40.5¢ | 154694 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
6 | 208589 | 0.395 |
5 | 166561 | 0.390 |
3 | 178571 | 0.385 |
5 | 205813 | 0.380 |
3 | 108266 | 0.375 |
Price($) | Vol. | No. |
---|---|---|
0.405 | 154694 | 5 |
0.410 | 309652 | 8 |
0.415 | 123574 | 6 |
0.420 | 198197 | 3 |
0.425 | 115000 | 2 |
Last trade - 16.10pm 03/09/2024 (20 minute delay) ? |
Featured News
MLX (ASX) Chart |