Name of the Project
Sherlock Bay nickel/copper/cobalt project.
Location
The project is located in the Pilbara region of Western Australia.
Client
Sabre Resources.
Project Description
The results from additional mining studies and costings received to date at the Sherlock project, combined with a review of the processing plant, has given the company confidence that the deposit has potential for future development.
Sherlock Bay is estimated to host a mineral resource of 24.6-million tonnes grading 0.4% nickel, 0.09% copper and 0.02% cobalt.
Potential Job Creation
Not stated.
Net Present Value/Internal Rate of Return
Not stated.
Value
To comply with ASX listing rules, Sabre cannot release details of projected cash flows and detailed costs in the mining study update. These data will be released on completion of a processing study and when fully incorporated into a comprehensive scoping/prefeasibility study (PFS).
Duration
Not stated.
Latest Developments
Sabre plans to proceed to a detailed processing study and operating/capital cost update.
Once the processing study is received, Sabre will combine it with the updated mining study and prepare an updated scoping/PFS for the project.
Key Contracts and Suppliers
AMC Consultants (mining study review).
On Budget and on Time?
Not stated.
Contact Details for Project Information
Sabre Resources, tel +61 8 9481 7833 or fax +61 8 9481 7835.