Neometals Ltd (ASX: NMT) has completed a review of all 11 nickel Mineral Resource estimates at its Mt Edwards Nickel Project in Western Australia.
The review commenced mid-2019 with the first estimate completed on the Munda deposit in November2019.
Since this time Neometals has been progressively reviewing all available data, including government and third party sourced, to increase its understanding of Mt Edwards.
The increase for the Mt Edwards 26N Mineral Resource announced 30 June 2021 is the last re-estimation considered necessary with the current information. An assessment of the Cooke1 and Widgie 32 Mineral Resources was completed by Richard Maddocks from Auralia Mining Consultants. In Mr Maddock’s assessment, the current estimates do not warrant reinterpretation given the available data.
Background
Neometals acquired Mt Edwards in the first half of 2018 and immediately began exploring for nickel and lithium. The Company is targeting new nickel discoveries at Mt Edwards while reviewing and enhancing existing nickel Mineral Resources. The Company owns, or holds nickel rights to, 36 mining tenements with a large land holding of more than 300 sq. km across the Widgiemooltha Dome, a well-recognised nickel sulphide mining province.
Summary and Mineral Resource Estimation
Mr Richard Maddocks from Auralia Mining Consultants has reviewed both the Widgie 3 and Cooke Mineral Resource block models and reports and has not identified any fatal flaws in the geological interpretation nor in the grade estimation. Mr Maddocks asserts that the reporting of the Mineral Resource for each deposit has been underreported since 2018 due to rounding errors, with Widgie 3 having 626,000 tonnes (up from 625,000 tonnes) of mineralisation at 1.5% nickel, and Cooke 154,000 tonnes (up from 150,000 tonnes) at 1.3% nickel for 2,003 contained nickel tonnes (up from 1,950 nickel tonnes).
For further information please visit: http://www.neometals.com.au/
