The estimate for combined Measured and Indicated Resources is 13.17 million wet metric tonnes (WMT) grading 1.13 percent nickel, 0.078 percent cobalt and 30.93 percent iron, at a cut-off grade of 0.5 percent nickel for the limonite and 0.8 percent nickel for the saprolite horizon; containing 230.11 million pounds nickel. In addition, the Inferred Resource estimate is an additional 18.1 million WMT grading 1.13 percent nickel, 0.083 percent cobalt and 31.44 percent iron, also at a cut-off grade of 0.5 percent nickel for the limonite and 0.8 percent nickel for the saprolite; containing 317.47 million pounds nickel. The resource estimate includes 13.95 million pounds cobalt in the measured and indicated categories, and an additional 20.58 million pounds cobalt in the inferred category The resource consists of approximately 54 per cent limonite and 46 per cent saprolite.
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Jun 19, 2009