The shallow Isabel deposit contains a current non-JORC historical resource established in the 1990?s by Kaiser, (after confirmation of INCO?s work) of 159mt averaging 1.045% Ni and 0.06% Co. The total contained nickel content of this non-JORC resource is 1.66 million tonnes. ? The grade of the Isabel deposits is comparable to other major tropical nickel laterite deposits currently in production or being developed. Subject to further work, this deposit may give Axiom the option of an initial ?fast track?, low capex, direct ore shipping operation. ? Average grades are likely to increase with drilling (below current historical non-JORC resource depths ~6m) into untested parts of higher grade saprolitic ore........... It appears to me that the potential of this resource is still immense as only the top 6 metres has been tested......of course I am no expert.......
AVQ Price at posting:
7.9¢ Sentiment: LT Buy Disclosure: Held