GOLD 1221.15 $/ozChange: 3.89
PLATINUM 1332.00 $/ozChange: 0.00
R/$ exchange 11.14Change: -0.08
R/€ exchange 14.32Change: -0.11
We have detected that the browser you are using is no longer supported. As a result, some content may not display correctly.
We suggest that you upgrade to the latest version of any of the following browsers:
close notification
powered by
Advanced Search
World News
Sirius declares maiden resource at Nova
Embed Code Close
20th March 2013
Text Smaller Disabled Text Bigger

PERTH ( – ASX-listed Sirius Resources has declared a maiden nickel/copper/cobalt resource at its virgin Nova discovery, in Western Australia.

The explorer said on Wednesday that the project was estimated to contain some 242 000 t of nickel, 100 000 t of copper and some 7 700 t of cobalt, from 10.2-million tons of ore, grading 2.4% nickel, 1% copper and 0.08% cobalt.

The mineral resource estimate exceeded expectations, the company said, and did not include the recently discovered Bollinger deposit, which was currently being drilled.

Despite the better-than-expected resource estimate, Sirius shares were down nearly 4% on Wednesday to trade at a low of A$3.86 a share.

Edited by: Creamer Media Reporter


To subscribe to Mining Weekly's print magazine email or buy now.

FULL Access to Mining Weekly and Engineering News - Subscribe Now!
Subscribe Now Login
Topics in this article