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Mirabela Nickel Limited (ASX:MBN,TSX:MNB) announced a significant increase in nickel resources after the open pit extension drilling program which was completed during the second quarter.
Mirabela Nickel Limited (ASX:MBN,TSX:MNB) announced a significant increase in nickel resources after the open pit extension drilling program which was completed during the second quarter.
As quoted in the press release:
The revised remaining Resources as at the 30th September 2012 increased to 204.0 Mt @ 0.49% nickel (Measured, Indicated) and 79.6 Mt @ 0.56% nickel (Inferred), as presented in the table below. The current mine life of 22 years is based solely on the previously stated Reserves of 159.0 Mt @ 0.52% nickel and 0.14% copper as at the end ofDecember 2010 and a mine rate of 7.2 Mtpa of ore.
Click here to read the Mirabela Nickel Limited (ASX:MBN) press release.