NC1 nico resources limited

Ann: Nico Commences High Grade Delineation Drilling Programme, page-10

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    There are a huge amount of data available for the Wingelilna or CMP (Central Musgrave Project).

    Putting the planned drilling into context of that led me to begin a compilation of some of the available data.

    Zooming in on the maps with drill traverses shows individual holes though not with any great resolution. Good enough to locate (the majority) on Sentinel satellite and then Georeference to QGIS with reasonable accuracy and then to Google Earth and other drilling and proposed pits.


    https://hotcopper.com.au/data/attachments/4721/4721232-8c9dc20793a7c3dd9dd335db0a38abd0.jpg


    Plotted on GE with drilling and pits.
    Yellow lines are estimates of where drilling is planned. North to centre to south.

    https://hotcopper.com.au/data/attachments/4721/4721249-8f52f6a774905210d5ec1c12e3d7bae1.jpg


    Central area with planned drilling
    https://hotcopper.com.au/data/attachments/4721/4721440-6eeb5e1229dc7e2743293f509177e907.jpg



    Southern portion with planned drilling 22

    https://hotcopper.com.au/data/attachments/4721/4721445-98c576cd0cb965e18cd33bac6d86ef92.jpg

    Some of the 2018 sections noted on these plans are included in this PDF.


    Wingellina sections.pdf


    ============================================

    Exploration History and NC1 plans in progress.

    https://hotcopper.com.au/data/attachments/4721/4721469-fd67473129ba4e524d61f0a178aa0ec2.jpg
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    The resource has been shown to be robust via the various phases of activity - Inco, Acclaim, and MLX. I will vary depending on resource calculation methodology but it is large enough already to feed a multi decade mine in the middle of the never never (for most) if the stars align to allow it to happen. Looks like some 25 years to reach a decision to build Nebo Babel. 65 and counting for Wingellina. Perhaps NC1 will be able to tip the balance and interest someone with deep pockets.

    Back in the days of CZN (pre and post OZL) I used to float the idea of a synergy between N-B and Wingellina.

    The sulphide laterite difference may make most processing a separate issue. Converting a concentrate to a matte product would be expensive but with some 30+ years of potential production might be something to consider.

 
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