Here's another laterite deposit for comparison with the Young...

Here's another laterite deposit for comparison with the Young deposit.
386 million tonnes @.62%
Total Budget 2.2 billion
50,000tpa nickel + 1400tpa of cobalt intermediate product.
APL treatment.
This resource requires beneficiation of the ore (increase the grade).

JRV Young Deposit
167 million tonnes @.72%Ni
58 million tonnes @.99%Ni
plus low grade 113 million tonnes @.38%Ni
Total Resource 280 million tonnes @.58%
So you have 58 million tonnes at .99% which is far higher than the grades of the highest figure from the other ore body which was 126 million tonnes at .74%Ni

The other deposit is called RAVENSTHORPE. For the more informed HC posters this name will mean something.

It's not a matter of IF the Young resource will be developed it's WHEN.
This will not be determined by good or bad management.
The decision will come down to timing and who wants to make a very, very lot of money. These laterite resources will not be ignored forever. Good fortune to all the JRV true believers.

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