SUBSTANTIAL NICKEL-COPPERCOBALT RESOURCE AT NOVA • 242,000 tonnes of nickel, 100,000 tonnes of copper and 7,700 tonnes of cobalt in maiden resource – Nova only • High confidence resource – 90% Indicated Mineral Resource category • Mineralisation very robust and continuous at a variety of cutoff grades • This resource estimate does not include the recently discovered Bollinger deposit Sirius Resources NL (ASX:SIR) (“Sirius” or the “Company”) advises that the maiden Mineral Resource estimate for the Nova nickel-copper-cobalt deposit has exceeded expectations, with a contained 242,000 tonnes of nickel, 100,000 tonnes of copper and 7,700 tonnes of cobalt (at a 0.6% nickel equivalent* lower cutoff) (see Table 1 and Figure 1). This resource comprises 10.2 million tonnes at 2.4% nickel, 1.0% copper and 0.08% cobalt (see Table 1).
SIR Price at posting:
$4.35 Sentiment: LT Buy Disclosure: Held