Confirmatory QAQC testwork instigated by the Company has demonstrated the assay method utilised for a program of drilling that previously informed the Mineral Resource Estimate has underestimated the grade by up to 29%.
A Surprise to the upside makes a nice change.
Widgie Nickel’s Managing Director and CEO, Mr Steve Norregaard, commented: “The Company has now concluded within 12 months all the components necessary to commence a new lithium mine in Western Australia, this despite delays and a series of unforseen hurdles. “Whilst the assay methodology issue is unfortunate, I commend our team for identifying the issue and working diligently to rectify the situation. We will now progress the Mineral Resource Estimate revision that we expect will see the Resource grade increase materially. “With confirmed favourable metallurgy, an expected Mineral Resource Estimate increase and further potential growth at the Trainline prospect, we believe we have a successful foundation as we embark on our lithium journey.” Widgie Nickel Ltd (ASX: WIN) (“Widgie” or “the Company”) is pleased to provide an update on its Faraday Lithium Project (“Faraday”).
