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The Board of Western Areas announced an update of the Mineral Resource at Flying Fox.
The revised Mineral Resource for the T4 to T7 zones now comprises a total 1,410,000 tonnes at an average grade of 5.7% nickel for 80,210 tonnes contained nickel. The Indicated Mineral Resource category for the T4 and T5 zones contains 73,680 tonnes of nickel compared to 73,070 tonnes of nickel in the March 2010 estimate. Importantly, 14,740 tonnes of nickel mined in ore from T4 and T5 during the past 12 months has effectively been replaced by new high grade mineralisation in T5. Between April 2010 and March 2011, combined mine production from the T4 and T5 zones was 327,429 tonnes ore at an average grade of 4.50% nickel containing 14,740 tonnes nickel. During the past 12 months, underground diamond drilling and mine development has improved the definition of the geometry of the T4, T5, T6 and T7 zones. Drilling has also resulted in a significant extension to mineral resources at the base of T5 (Figure 1). A surface diamond drilling program is also in progress testing several down hole EM anomalies in the northern part of the T6 and T7 zones. In addition, an underground diamond drilling program will commence next week from the 334m RL elevation (approximately 1,080m below surface) to test the conceptual T8 target position. Click here for further information. |
