Mineral Resources

Mt Edwards Project Mineral Resources

The Mt Edwards Project represents one of the largest known unmined nickel sulphide Mineral Resource in Australia, currently comprising 10.22 Mt at 1.6% Ni for 162,560 Ni tonnes. Importantly it is located in a region hosting a number of significant producing nickel mines and with significant downstream processing infrastructure nearby. The BHP Kambalda concentrator is located approximately 40km to the north east of the Mt Edwards Project.

Table 1 – Nickel Mineral Resource estimates for the deposits comprising the Mt Edwards Project

  Indicated Inferred Total Mineral Resources
Deposit Tonnes
(kt)
Grade
(% Ni)
Tonnes
(kt)
Grade
(% Ni)
Tonnes
(kt)
Grade
(% Ni)
Contained
(t Ni)
Widgie 33, 12 - - 626 1.5 626 1.5 9,160
Gillett6 - - 1,306 1.7 1,306 1.7 22,500
Widgie Townsite10 1,183 1.7 1,293 1.5 2,476 1.6 39,300
Munda4 - - 320 2.2 320 2.2 7,140
Mt Edwards 26N11 - - 871 1.4 871 1.4 12,400
132N7 34 2.9 426 1.9 460 2.0 9,050
Cooke2, 12 - - 154 1.3 154 1.3 2,000
Armstrong5 526 2.1 107 2.0 633 2.1 13,200
McEwen9 - - 1,133 1.4 1,133 1.4 15,340
McEwen Hangingwall9 - - 1,916 1.4 1,916 1.4 26,110
Zabel8, 9 272 1.9 53 2.0 325 2.0 6,360
Total 2,015 1.9 8,205 1.5 10,220 1.6 162,560


Notes:

  1. Mineral Resources quoted using a 1% Ni block cut-off grade, except Munda at 1.5% Ni. Small discrepancies may occur due to rounding.
  2. Refer to Neometals’ ASX announcement dated 19 April 2018 titled ‘Mt Edwards JORC Code (2012 Edition) Mineral Resource 48,200 Nickel Tonnes’.
  3. Refer to Neometals’ ASX announcement dated 25 June 2018 titled ‘Mt Edwards Project Mineral Resource Over 120,000 Nickel Tonnes’.
  4. Refer to Neometals’ ASX announcement dated 13 November 2019 titled ‘Additional Nickel Mineral Resource at Mt Edwards’.
  5. Refer to Neometals’ ASX announcement dated 16 April 2020 titled ‘60% Increase in Armstrong Mineral Resource’.
  6. Refer to Neometals’ ASX announcement dated 26 May 2020 titled ‘Increase in Mt Edwards Nickel Mineral Resource’.
  7. Refer to Neometals’ ASX announcement dated 6 October 2020 titled ‘132 Nickel Mineral Resource and Exploration Update at Mt Edwards’.
  8. Refer to Neometals’ ASX announcement dated 23 December 2020 tilted ‘Zabel Nickel Mineral Resource Update at Mt Edwards’.
  9. Refer to Neometals’ ASX announcement dated 29 June 2021 tilted ‘McEwen Resources at Mt Edwards Increase 45% to 41.5kt Contained Nickel’.
  10. Refer to Neometals’ ASX announcement dated 29 June 2021 titled ‘Updated Widgie Townsite Nickel Mineral Resources at Mt Edwards’.
  11. Refer to Neometals’ ASX announcement dated 30 June 2021 titled ‘Updated 26 North Resources at Mt Edwards Increase by 51%’.
  12. Refer to Neometals’ ASX announcement dated 7 July 2021 titled ‘Review of Nickel Mineral Resources as Mt Edwards Complete’.

 

Competent Person statements

The information in this Website that relates to Exploration Results is based on, and fairly represents, information compiled and conclusions derived by Mr Gregory Hudson who is a Member of the Australian Institute of Geoscientists. Mr Hudson is a full time employee of Neometals Ltd. Mr Hudson has sufficient experience relevant to the style of mineralisation and type of deposit under consideration and to the activity being undertaken to qualify as a ‘Competent Person’ as defined in the 2012 edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’ (JORC Code).

The information in this Website that relates to estimates of Mineral Resources is based on, and fairly represents, information compiled and conclusions derived by Mr Richard Maddocks who is a Fellow of the Australasian Institute of Mining and Metallurgy. Mr Maddocks is a consultant to Auralia Mining Consulting. Mr Maddocks has sufficient experience relevant to the style of mineralisation and type of deposit under consideration and to the activity being undertaken to qualify as a ‘Competent Person’ as defined in the JORC Code.

Exploration Results and estimates of Mineral Resources in this Website have been prepared and reported in accordance with the JORC Code.