Nickel

Reading the latest Quarterly report, I find the sections below of particular interest.

With a bit of luck the Company could be on to something exciting. The historic grades mentioned are very good.

Fingers crossed for the next round of drilling as proposed.


5A
Thick high-grade nickel intercepts have been returned from drilling by previous operators beneath an historic oxide gold open pit at 5A. These intercepts represent a compelling target for generating a JORC Code 2012 Mineral Resource estimation and economic evaluations

A strong downhole EM conductor has been identified within and below currently defined mineralisation. This conductor represents a compelling drill target for ESR.


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The 5B project was mined between 1975 and 1982, and again between 1992 and 1993 via an open pit. Approximately 14,000t of nickel was produced between the two mining campaigns.
A decline was established post mining to allow drilling of the nickel and gold mineralisation from underground. The details of this operation are not available on open file.
A drilling program completed by Minotaur in 2014 confirmed historic nickel intercepts. Results included:
· 15m @ 1.41% Ni in hole SPRC001*
· 16m @ 0.98% Ni in hole SPRC002*
· 16m @ 1.82% Ni (including 6m @ 3.60% Ni) in hole SPRC003*
· 24m @ 1.53% Ni (including 6m @ 3.08% Ni) in hole SPRC005*

Mineral Resource estimates were completed on 5B by previous operators, but they were not completed to JORC Code 2012 reporting standards and therefore cannot be stated.

ESR believes there is strong potential to upgrade the project to a JORC Code 2012 Mineral Resource and extend mineralisation with further drilling down plunge.


Figure 14. Long section of the 5A project from Minotaur Exploration, modified from BRW, showing the 5 %Ni x m nickel envelope, significant drill intercepts, and mine workings.
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