The Zebediela Project13 May 2021 14:53
The Zebediela Project
IF NOMAD CAN'T READ THIS AND COMPREHEND THE RESOURCE VALUE, THEN IT'S THEIR IGNORANCE!!
The Zebediela Nickel Project extends over three separate adjacent prospecting rights in the Limpopo Province of South Africa. All three rights are held by LPU, which in turn is 100% owned by UML. ZEB owns 74% of the issued share capital of UML. The Zebediela Nickel Project is located on the Northern Limb of the Bushveld Complex. The Bushveld Complex is thought to be the world's largest repository of PGEs, chrome, and vanadium. The project is immediately adjacent to, and up-dip from, Ivanhoe Mines Platreef Project, and about 15 km along strike from Anglo American Platinum's flagship Mogalakwena Mining Complex, which Anglo American Platinum claim is the highest margin PGM producer in the industry. A November 2020 feasibility study on Ivanhoe Mines' Platreef Project concluded it could have production of 4.4 Mtpa of PGM with previous studies for the same project indicating 0.34% nickel, 0.17% copper and 4.40 g/t 3PGE+Au (platinum + palladium + rhodium + gold) at the project (Ivanhoe Mines Updated DFS, 2020). In its annual results to December 2019 Anglo American Platinum reported that Mogalakwena had ore reserves of 1195.3 Mt, plus an additional 60.8 Mt on the primary stockpiles (Ore Reserves and mineral Resources Report, 2019).
In March 2012 an assessment of the nickel mineralization in the Lower Zone Uitloop II body was completed by MSA Geoservices (Proprietary) Limited as part of a Preliminary Economic Assessment of the Project. This NI 43-101 compliant report concluded that the Project contained an Indicated Resource of 485.4 million tonnes averaging 0.245% nickel to be stated, with an additional Inferred Resources of 1,115.1 million tonnes at 0.248% nickel. The directors believe this level of resource would rank the Project amongst the top ten largest nickel sulphide resources globally.