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07/05/02
12:26
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An open briefing has been released today. Main points, as interpretated by me, are:
Current drilling is designed to 'outline potential' for 500 million tonnes at 1% nickel oxides.
Grade seems to increase at depth
Nickel leaching optimization testwork to be completed in two-three months
Focus seems to be on deeper of two oxide ore types
Will run the capital cost and operating cost estimates for a 50-100,000 tpa plant
Continuing to drill basal contact for sulphides
angus
I hold AEXO
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