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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Message: Re: Expectations - High Grades
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Sep 15, 2009 07:17PM
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Re: Expectations - High Grades

posted on Sep 15, 2009 09:07PM

Well considering Xstrata only has 4 or 5 nickel mines that really isnt saying much I believe Raglan would be the highest grade Xstrata nickel mine.

At the end of 2005, Falconbridge estimated that Raglan had proven and probable reserves of 14.85Mt grading 2.8% nickel and 0.77% copper. Measured and indicated resources totalled a further 3.4Mt at 2.2% nickel and 0.8% copper, with inferred resources of 7.7Mt at 3.0% nickel and 0.8% copper. Exploration during 2005 outlined 2.5Mt of new resources.

That being said expecting 5% Ni over more 10m is a little ridiculous.

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Sep 15, 2009 09:25PM
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