|Image courtesy of Regency Mines.|
|Hot oil commissioning at the test plant. Image courtesy of DNI.|
The technology developer revealed a Mambare resource estimate made by the Perth office of CSA Global which was announced through Australian Securities Exchange-listed Wintech Group – a failed company Direct Nickel aims to use for a backdoor ASX listing when market conditions become less choppy.
The project was calculated to have 95.1Mt grading 0.96% nickel and 0.08% copper.
It amounts to 0.91Mt of contained nickel when using a nickel cut-off grade of 0.6% but there is plenty of scope to further expand the resources.
“Of these results, 70 per cent arise from work on the less prospective slopes of the site using 2008 and 2011 data,” Direct Nickel said through a Wintech announcement.
“Thirty per cent of the results come from the more prospective Plateau area – and importantly, only 3 per cent of the plateau area is included, suggesting that the project could comfortably exceed original expectations.”
Direct Nickel’s patented technology is in the latter stages of development and trialling.
It is designed to significantly reduce the costs of processing nickel laterite ores, an expensive exercise compared to processing nickel sulphite ores.
As part of its business plan, Direct Nickel aims to become one of the largest nickel producers in the Asia Pacific by acquiring stakes of laterite projects in exchange for providing access to its exclusive processing technology.
London-listed Regency and Direct Nickel each own half of the Mambare project.