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HIGH-GRADE NI-CU-PT-PD-ZN-CR-AU-V-TI DISCOVERIES IN THE "RING OF FIRE"

NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)

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tau

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Last results change the game

posted on Nov 20, 2009 11:09AM

The exceptional metal values as well as being able to find such a treasure 1 km down, indicate that there is much more where it comes from. In the past my question always has been is there enough ore to justify commercial development. This has always been a key question since IMO you need about 50-100 million tonnes of 2% Ni ore to justify such an expensive and time consuming infrastructure project. With this latest news release, yes there could be enough nickel and PGM's ore found. Considering that exploration is still pretty recent it is very likely that more, potentially much more, will be found.

This nickel development combined with the large chromite deposits in the area will clearly lead to lots of interest from major mining companies as well as governments.