Nickel Exploration In South Africa Takes Off

Mining Weekly reported nickel exploration and discovery in South Africa is causing a stir of excitement on the Bushveld complex.

As quoted in the market news:

The exploration joint venture (JV) that made the find in 18 months had to outlay only $4.2-million to hit a $1-billion-plus jackpot.

The Africa-focused Aim-quoted URU Metals says that it has a compliant preliminary economic assessment( PEA) from consultants led by the MSA group. The PEA shows the Zebediela project to have a potential of 56-million pounds of nickel a year for 25 years.

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