* Drilling at Wingellina has returned additional long intersections of 93 metres at 1.2% nickel and 66 metres at 1.0% nickel within the Inco Zone.
* At the southern end of the Inco Zone nickel oxide mineralisation extends to a depth of 200 metres. Deeper drilling is now in progress to test below this oxide mineralisation.
* The drilling has confirmed that the nickel oxide mineralisation is considerably thicker than that achieved by the Inco drilling of the 1950's and 60's.
* The nickel oxide mineralisation occurs as limonite type near the surface and deeper as saprolite type.
* Nickel extraction of up to 96% nickel has been achieved from saprolite type mineralisation at atmospheric pressures.
* Disseminated nickel sulphides were intersected in deeper drilling providing confirmation of the prospectivity for massive sulphide mineralisation.
* The Measured and Indicated Mineral Resource for the Inco Zone at Wingellina is 124 million tonnes at 1.0% nickel of nickel oxide mineralisation largely based on Inco drilling. Potential exists to substantially increase the resource.
E Eshuys CHAIRMAN
AEX Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
