CHN 4.17% $1.00 chalice mining limited

Ann: More Positive Results from Metallurgical Testwork at Julimar, page-38

  1. 52 Posts.
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    Appreciate the input however I personally am not concerned about the low grade composites you mention (JSG5/JSG6) as it has been explicitly stated in this release that these samples are associated with the disseminated mineralisation surrounding the massive high-grade zones (the geometry of which appears amenable to a number of selective mining methods). As you allude to the testing of these samples appears to be merely a box ticking exercise rather than a genuine attempt the market the product.

    As for the NiCon% it is on par with products produced by Nickel West at their Leinster and Kambalda concentrators (12-13% Ni) with the added bonus of a high-grade Pd component (and associated PGEs) something that could set this deposit apart from other Ni-Cu-PGE deposits (Sudbury Bushveld, Norilsk etc.) the latter of which contain significant tonnages of Cr-rich PGE ore. It will be very interesting to see what turns up in the pending assay results (re: presence of deleterious elements) but if impurities are low then all indications would point to a world class discovery.

    Anyway as always DYOR.
 
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