Mindoro Resources has mobilized four diamond drilling rigs to the Agata Nickel Project and started a detailed infill drilling program totaling 2500-3000 metres.
The diamond drilling program is designed to define direct shipping ore (DSO) nickel-iron limonite for the Chinese nickel-pig iron market and high grade transition to saprolite ore for Chinese Electric Arc Furnace (EAF) and/or other acid leach or ferronickel processing facilities in Australasia.
Results of the drilling, combined with mine planning information, will allow preparation of an NI 43-101 mineral reserve statement.
The DSO ore reserve and mine planning information will form part of a submission to the Philippines’ Mines and Geosciences Bureau to achieve Declaration of Mining Feasibility, allowing financing and the construction of a DSO nickel laterite project, conceptually planned to annually produce 1-2 million wet metric tonnes (WMT) of laterite DSO.
In addition, a scoping study and metallurgical testing program for a large scale integrated nickel laterite processing operation has started. The study will consider a staged development beginning with a DSO then saprolite atmospheric leaching operation, as well as a major integrated high pressure acid leach (HPAL)/atmospheric leach/saprolite neutralization project.
Following the DSO mineral reserve definition program Mindoro will begin drilling the regional nickel laterite exploration target in order to convert a significant proportion of the 50 million-70 million DMT @ 0.9% to 1.2% nickel exploration target to NI 43-101 compliant mineral resource.
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