All of the six pits drilled encountered mineralisation occurring from, or near to surface, with significant intercepts1 averaging 44m in thickness (ranging from 16m to 86m) including:
• WPRC0708: 24m at 0.28% Co and 1.52% Ni (3.19% Nieq2) from surface including 6m at 0.61% Co and 1.93% Ni (5.57% Nieq) from 6m
• WPRC0713: 60m at 0.17% Co and 1.20% Ni (2.23% Nieq) from surface including 6m at 0.64% Co and 1.21% Ni (5.05% Nieq) from 12m
• WPRC0718: 38m at 0.31% Co and 1.32% Ni (3.19% Nieq) from surface including 6m at 0.65% Co and 1.63% Ni (5.55% Nieq) from 4m • WPRC0723: 86m at 0.22% Co and 1.04% Ni (2.37% Nieq) from 12m including 6m at 1.58% Co and 0.66% Ni (10.16% Nieq) from 12m
... and I like their practical approach to move forward:
"the next step is to optimise these pits and to look at the options for a smaller scale start-up that limits the upfront capital.”
MLX Price at posting:
87.5¢ Sentiment: Buy Disclosure: Held
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