Prophecy Platinum Corp. (TSXV:NKL,OTCQX:PNIKF,FWB:P94P) released the updated Mineral Resource estimate for the Shakespeare Deposit Underground East Zone, which added 30% to Shakespeare’s global resource.
As quoted in the press release:
At a C$50/tonne NSR cut-off, the Underground East Zone contains an Indicated resource of 3.57 million tonnes grading 0.32% nickel, 0.39% copper, 0.02% cobalt, 0.34 g/t platinum, 0.37 g/t palladium, and 0.2 g/t gold. The East Zone also contains an Inferred resource of 1.87 million tonnes grading 0.32% nickel, 0.36% copper, 0.02% cobalt, 0.34 g/t platinum, 0.36 g/t palladium, and 0.21 g/t gold. This resource update adds approximately 30% to Shakespeare’s global resource.
Prophecy Platinum Chairman John Lee said:
The marked increase in total global resource demonstrates the potential longevity of Shakespeare as a mine.
“South African Platinum Supplies Are Declining. What Should Investors
Do To Profit From This Trend?”
Get the latest update on the platinum market. Click below
to get your FREE market report.