Acclaim - opening briefing

An open briefing has been released today. Main points, as interpretated by me, are:

Current drilling is designed to 'outline potential' for 500 million tonnes at 1% nickel oxides.

Grade seems to increase at depth

Nickel leaching optimization testwork to be completed in two-three months

Focus seems to be on deeper of two oxide ore types

Will run the capital cost and operating cost estimates for a 50-100,000 tpa plant

Continuing to drill basal contact for sulphides

angus

I hold AEXO