African Eagle Increases Nickel Estimate For Ngasamo Deposit

African Eagle Resources plc (LSE:AFE) announced an increased nickel estimate for its Ngasamo deposit at its flagship Dutwa nickel project in Tanzania.

As quoted in the press release:

This upgraded resource report doubles the total Dutwa Indicated Resource to 92.3million tonnes (“Mt”) and increases the total Dutwa resource by 10% to 109.1Mt.

The total JORC resource for Ngasamo has been increased by 10.7Mt to 48.9Mt, including 46.1Mt which is now classified in the Indicated category, with an overall nickel grade of 0.91%.  The amount of Nickel contained in the Ngasamo hill has been increased by 13%.

Click here to read the full Reuters report.