Mincor Boosts Nickel Resource Inventory Across Three Deposits

Mincor Resources NL (ASX:MCR) announced that it’s made further progress at its new growth projects in the Kambalda Nickel District. It has increased its nickel resource inventory across three deposits.

Highlights include:

• 46% increase in Upper Durkin North Mineral Resource following successful infill drilling
• Total Durkin North Mineral Resource increases by 12% in nickel content, at improved grade
• Maiden Mineral Resource for Voyce discovery: 64,000t at 5.2% Ni for 3,400t nickel metal
• Burnett B01 Mineral Resource increased by 27% in nickel content, at 32% higher grade
• Total Burnett Mineral Resource (B01 and B02) increased by over 8% in nickel content, at improved grade
• Maiden Exploration Target defined at Cassini discovery, following positive Scoping Study
• Feasibility Studies underway at Burnett and planned for completion at Durkin by year-end. Infill drilling planned at Cassini

David Moore, managing director at Mincor, commented:

These strong results more than justify our decision to ramp up exploration across our key growth projects 12 months ago. We now have an emerging suite of nickel assets that could represent the next phase of production growth for Mincor in Kambalda.

This places us in an exceptionally strong position to take advantage of a future rise in the nickel price, as is predicted by many experts.

Click here to read the full Mincor Resources NL (ASX:MCR) press release.