Neometals (ASX:NMT) finalises review of Mt Edwards Nickel Project@marketherald↩️
Samantha Goerling
Senior Presenter and Markets Reporter
07 July 2021 10:20 (AEST)
Neometals (NMT) has finished a two-year review of its Mt Edwards Nickel Project at Widgiemooltha in Western Australia's goldfields region.
In 2019, the company began the review process, going over all available data including from government and third-party sources, to re-evaluate the mineral resource estimates.
This gave rise to a new, global mineral resource for the Mt Edwards Project of 162,560 tonnes of contained nickel, from 10.22 million tonnes of ore at an average grade of 1.6 per cent nickel.
The global resource comprises of the mineral resources for 11 deposits, nine of which have been re-estimated since November 2019 and another two that were deemed not to require re-estimating.
The most substantial resource at this stage is the Widgie Townsite which is modelled to contain 39,300 tonnes of nickel, followed by the McEwen Hangingwall with 26,110 tonnes of nickel.
Neometals acquired the Mt Edwards Project in 2018 and, while seeking to enhance existing discoveries, is looking to make new nickel discoveries.
The company holds a total of 36 mining tenements in the Widgiemooltha Dome, the southern part of the Norseman-Wiluna greenstone belt which has come to be known as a nickel-sulphide mining province.
Neometals Completes Mt Edwards Nickel Mineral Resources Review↩️
Assay 10 hours Ago
Neometals Ltd (ASX: NMT) has completed a review of all 11 nickel Mineral Resource estimates at its Mt Edwards Nickel Project in Western Australia...
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