Expansion plans falling into place for producer

摘要

Kambalda nickel success story Mincor Resources NL could develop a new nickel mining operation at Carnilya Hill in Western Australia as early as June next year if all goes according to plan. The decision follows the success of the first round of infill drilling, which demonstrated good ore continuity in the upper levels of the mineralised trend. Mincor is earning a 70 percent interest in the Carnilya Hill tenements from View Resources Ltd by spending 2.5 million dollars over three years. In parallel, step out drilling continues, with light disseminated mineralisation intersected as far as 750 metres down plunge of the old workings. Mincor said pre-feasibility studies starting now would outline the optimal mine development path and provide initial estimates of capital and operating costs, as well as identify the critical long lead time items. This could lead to full scale feasibility studies early in the new year.