Zebediela Nickel Sulphide Project,4 May 2018 07:53
South Africa.
100% ownership of a WORLD CLASS nickel sulphide project located in the Limpopo province of South Africa BOASTING inferred and indicated resources of over 1.5Bt containing around 37Mt of Nickel. ZEBEDIELA is forecasted to be a lowest quartile production asset with an NPV of $1Billion and IRR of 25.7% at $8.5/lb Nickel for it's indicated resource alone. This is for just the Nickel folks (albeit Nickel price is currently $6.31/lb approx, without the PGE's discovered in drill holes 19,20,21 and 22. Shallow mineralisation depth allied to improving recovery rates into a rising commodity price market should see us well sorted whatever path JZ leads us down (slowly, very very slowly). Good morning all. :o).