Located in central Queensland and contains an existing JORC 2012 compliant Inferred Mineral Resource of 4 MT @ 1% Ni, 0.2% Co and 1% Mn with substantial exploration upside.
- The manganese-cobalt-nickel mineralisation is present within the laterite profile. The geological model developed indicates a manganese-cobalt-nickel nodule layer at the base of the limonite section.
- Site earthworks have now been completed, Project Land Access agreement finalised and historical drill collars identified in preparation for Phase 1 RC drilling.
- Phase 1 RC drilling results exceeded historical Ni and Co assay results to confirm JORC 2012 Inferred Resource Estimate of 4Mt @ 1.0% Ni, 0.2% Co, 1.0% Mn.
- Phase 2 RC and diamond drilling to upgrade the current Inferred Resource classification; and extensional drilling to potentially expand the current Inferred Resource.