Ann: SO4: MOU with Blackham for Potential Development of Lake Way, page-23

You know what this deal just made me think of:

That $15+ billion Nickel/Cobalt resource might get its own deal, farm-in or spin-out.

Hmmmmmmm.

More on the Nickel/Cobalt as I posted a few weeks ago (https://hotcopper.com.au/threads/gold-turnaround-story-of-2018.4032121/page-8?post_id=31227043):

Current Nickel Laterite resource is:
- 80.5Mt at 0.77% Ni, 0.058% Co
- In-ground value of this resource alone is worth: $15B+.
- Resource extends over 19km and is 30m deep. <-------- this point is crazy: 30m deep resource
- Only limited drilling done - more drilling = bigger resource


There's also massive High-Grade Nickel Sulphide potential:
- Numerous targets generated
- 1m @ 6.38% Ni + 0.50% Cu + 0.11% Co
- 0.3m @ 6.64% Ni + 0.26%Cu + 0.09% Co


Nickel is all over the grounds and very close to their plant - plant is centrally located which means that everything is within 20km from the plant.

Cheers,

GB.