Rox declares maiden resource at Olympia
PERTH (miningweekly.com) – Base and precious metals explorer Rox Resources has reported a maiden inferred resource of 573 000 t, grading 1.63% nickel, 1.19% copper and 0.082% cobalt for its Olympia nickel-copper-cobalt-platinum group metal deposit in Western Australia.
The project is estimated to host some 9 300 t of nickel, 6 800 t of copper and 470 t of cobalt, as well as 43 000 oz of palladium and platinum.
The deposit forms part of the Collurabbie project, north of Laverton.
“What a great start to our work at Collurabbie. This maiden mineral resource complements the mineral resource of 50 000 t nickel, at 2.5% nickel that we have established at Fisher East only 70 km away,” said Rox MD Ian Mulholland on Friday.
“The deposit contains close to 10 000 t of contained nickel with significant copper, and we also expect that the cobalt, platinum and palladium will add significant value.”
Mulholland said that the company was about to embark on an aircore drilling programme at Collurabbie, the first exploration programme since the company acquired the project.
“This drilling will test several nickel and gold targets we have developed along the belt over 15 km of strike that have had little work for ten years. We are quite excited by the potential of this area to host further economic nickel and gold mineralisation.”
Comments
The
functionality
you are trying to access is only available to subscribers.
If you are already a subscriber, you can Login Here.
If you are not a subscriber, you can subscribe now, by selecting one of the below options.
For more information or assistance, please contact us at subscriptions@creamermedia.co.za.
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation