The Kabanga Nickel Deposit has been drilled out, having 53.5Mt at 2.7% Nickel, 0.4% Copper, 0.2% Cobalt, 0.3g/t Platinum and 0.2g/t Palladium. The Kabanga Nickel Deposit is a world-class Greenfield nickel sulphide project.
It is understood that Xstrata PLC and Barrick Gold Corporation will complete their feasibility study in 2010, with an anticipated production rate of more than 40,000t nickel per annum and an expected mine life of more than 25 years.
nickel currently $10.55/lb
53.5mt x 0.027 x 2204 x $10.55 = $33,587.8 million in gross revenue
The Kabanga Nickel Deposit has been drilled out, having 53.5Mt...
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