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African Eagle Increases Nickel Estimate For Ngasamo Deposit
Sep. 05, 2012 10:58AM PST
Base Metals Investing
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 […]
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%.