ESR Ann out:
18 October 2019
ASX ANNOUNCEMENT MAIDEN NICKEL SULPHIDE RESOURCE
5A SPARGOVILLE HIGHLIGHTS
Maiden nickel sulphide Resource of 127,000 tonnes @ 1.9% Ni, 0.15% Cu o Including 13,000 tonnes @ 8% Ni
2,370 contained Ni tonnes
Over 65% of Ni tonnes in the Indicated category
Majority of resource located within 100m of surface
Deposit open at depth below high grade drill results
Nickel market outlook positive
ESR now has Nickel,
As well as Gold,
with peak “Bonanza” value of 1m @ 234.7g/t Au
Priced at shell value with a $5.88M MC...
near MCR that has an MC of $177.8M.
