Sorry, I've only just had a chance to get on here and write. Some of this will be a rehash of OT1961 post on the other thread. Looks like they got a couple other tidbits from chatting to the technical people that were available.
Quick summary of some of the questions that were fired-
1) There was a query re- distance between MAD184->192, and also MAD184-> 193. All drills from the same drillpad in differing directions.
-At 470m 184 and 192 are 12m apart, with 192 being in a northeast direction from MAD184.
-At 470m 184 and 193 are 9m apart, with 193 being in a northwest direction from MAD184.
-MAD192 hit exactly where they wanted it to based on the model plate.
-MAD193 is still in progress with results still unknown.
2) There was a query on whether metallurgy was complete in Canada?
-Confirmed work was not yet complete.
-Results any day now, delays clearly due to COVID.
-They are expecting a very detailed/thorough result from this work, including a flowsheet for potential commercial production of ore to concentrate.
3) Will PGE credits double the intrinsic value of our ore?
-They believe as a ballpark estimate, with Cu,Co + PGE, it will potentially be double the value of the straight Ni sulphides.
-This obviously still needs confirming by met work and assessing marketing opportunities for selling the ore/concentrate.
-They feel this is a pretty reliable guide to work on.
-Some of the best mineralisation discovered in WA.
4) Can we realise PGE credits from processing in AUS.
-No value historically for smelting in Aus for Cu + PGE's as no available processing in Aus. PGE/Ni sulphides not really previously found.
-Can produce a concentrate with PGE's though
-Smelt overseas to get better value for the PGE'
5) Query about added costs to send overseas.
-Many other companies send concentrate overseas
-Will be included in the scoping study.
6) Are there other miners in Aus producing high PGE ore.
-Not aware of others.
-Analyst wanted to call it Australias first PGE discovery, John said no definitely Nickel find, with PGE credits.
-Chalice might be that one now.
7) Scoping study release time?
-Environmental studies concluded.
-Entech resource estimate cant be finalised without MET test work from Canada.
-Need MET work to see how much of disseminated sulphides can be processed.
-This in turn affects resource size and pit optimisation.
-MET work targeted for December, but slipping a bit??
-Small mining operation expected - NOT drilling out the whole thing first.
-Targeting an easily manageable resource for commercial production amenable to open pit operation.
8) Strickland drill out was June/July why is it taking so long?
-MET work is the hold up.'
-300kg test sample sent.
-Thorough process, many repetitions of the test work, to give robust results + commercial flowsheet.
-Delays in transport due to COVID.
DHEM survey crew onsite
MAD 185 is to be reopened, after previously being blocked,at around 300m
Expecting more good results on DHEM from these 3 holes( 185, 192, 193)
Definitely massive sulphides down there! Supremely confident its nickel sulphides down there, giving these readings.
Dont know exactly why the modelling was wrong, but will understand more after next DHEM done.
Drilling continuation depends on what the DHEM throws up? definitely aim to finish with the rig they have.
Thats about it!
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