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Highlights:
- Ark Mines (ASX:AHK) has completed an initial JORC (2012) Mineral Resource Estimate (MRE) for the Gunnawarra Project.
- The MRE for the nickel-cobalt project totals 1.341 million tonnes at 0.53% nickel, 602,000 tonnes of cobalt at 0.066% and 191,500 tonnes of copper at 0.054% at a 0.4% nickel cut-off.
- The Company has made progress with beneficiation test work an important step towards fast-tracking the project’s commercialisation
- The company is also planning for a further drilling campaign in early 2023.
Ark Mines Ltd (ASX:AHK) has updated the market about the completion of an initial JORC (2012) Mineral Resource Estimate (MRE) for the Gunnawarra Project.
The MRE was carried out by Hawker geological Consultants (HGS) on the area located within EPM 26560.
The combined JORC (2012) MRE for the nickel-cobalt project totals 1.341 million tonnes at 0.53% nickel, 602,000 tonnes of cobalt at 0.066% and 191,500 tonnes of copper at 0.054% at 0.4% nickel cut off.
The Company has made progress with beneficiation test work an important step towards fast-tracking the project’s commercialization.
Additionally, the company forecasts a clear pathway for fast-tracked project development based on the characteristics of the majority of high-grade intersections, which are shallower in depth and have little to no overburden.
Ark has planned a further drilling campaign in early 2023.
Source: © 2022 Kalkine Media®, data source: Company update, 16 December 2022
Share price: AHK shares were trading at AU$0.200 apiece on 16 December 2022. The company’s market capitalisation stood at AU$9.59 million.
More to come…..