We have lost our resident Geo back to the workforce but I have pieced together below some of his earlier comments around size potential and value of a large ore body at 0.2% Ni.
The scale of the conductors is large. The Mulga Monster, conductor W, has dimensions of 1000x1000m. Given the thick intersections >200m it gives a target of 1000x1000x200x2.7= 540 million tonnes.
With the other targets thrown in a very large exploration target of around 1 billion tonnes is possible. Whilst this might be a bit fanciful, as it relies on all conductors having mineralisation and the 200m thickness, it illustrates that if even one of these conductors comes up a large tonnage is possible. Given the historic drill results there is good reason to be optimistic that the drilling programme will intersect Ni-Cu-PGE mineralisation.
It is interesting to calculate what the equivalent grade and value per tonne might be. If we assume a large body of 0.2% Ni with 0.25 g/t Pt+Pd (80% Pd).$18 Pd + $6.8 Pt + $90 Ni based upon $45,000 per tonne = $114.8/t = 1.4 g/t Au = 0.94 % Cu200m or more at 1.4 g/t or 0.94% Cu sounds alright to me.
If Nickel is $25,000 per tonne then the value with Pt+Pd credits is $74.8/t = 0.95 g/t Au = 0.61% Cu this still sounds pretty good to me over 200m. This does not include copper credits which we know exist but not enough data to guesstimate.
I am probably more excited about hitting a 200m thick ore zone with 0.2-0.4% Ni plus Cu and Pt+Pd credits than more 1m and 2m 1-2% Ni intercepts. If there is a sweet spot where the 1-2% Ni zone thickens to 10m or so then that would be great. All possible, who knows. Don't you just love exploration.
- Forums
- ASX - By Stock
- WMG
- Ann: Two Zones of Visible Nickel Sulphides in Hole MTD012
Ann: Two Zones of Visible Nickel Sulphides in Hole MTD012, page-18
-
- There are more pages in this discussion • 56 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 WMG (ASX) to my watchlist
|
|||||
Last
26.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $21.03M |
Open | High | Low | Value | Volume |
26.0¢ | 26.0¢ | 26.0¢ | $12.48K | 48.02K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 5000 | 24.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
28.5¢ | 11196 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 5000 | 0.245 |
4 | 75781 | 0.240 |
1 | 29000 | 0.235 |
1 | 8000 | 0.230 |
1 | 3200 | 0.220 |
Price($) | Vol. | No. |
---|---|---|
0.285 | 11196 | 1 |
0.295 | 20000 | 1 |
0.300 | 20000 | 1 |
0.330 | 1233 | 1 |
0.340 | 11857 | 1 |
Last trade - 12.00pm 25/07/2024 (20 minute delay) ? |
Featured News
WMG (ASX) Chart |