Mirabela Nickel Increases Resource At Open Pit

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.