Mambare detail - JV interest20 Dec 2018 16:38
Summary:
? The Mambare project sits on exploration licence EL1390 covering 256km2 I in Papua New Guinea;
? The project holds a JORC compliant Resource totalling 162.5 million tonnes of 0.94% nickel and 0.09% cobalt;
? The current JORC compliant Resource is in respect of slope areas and cover only a small part of the mineralised plateau;
? In-situ nickel within the Mambare Resource totals 1.53million tonnes and in-situ cobalt 146,000 tonnes;
The project sits on license EL1390 and contains a JORC Indicated and Inferred Mineral Resource Estimate of 162.5m tonnes at 0.94% nickel and 0.09% cobalt. With only 3% of the 80 square kilometre main plateau target tested by drill to date, the Company has long indicated that the project potentially holds one of the world's largest nickel laterite deposits.