Estrella (ASX:ESR) boosts Spargoville
October 18, 2022Estrella Resources has significantly increased measured nickel targeting targeting 16,000 tonnes of Massive Sulphide grading 7.8 per cent below the existing pit at the Spargoville Nickel Project southwest of Kambalda in Western Australia.
Earlier in the year, metallurgical drilling below the existing 5A open pit supported defining mineralisation types and depths, leading to a 2.8% Ni grading for the Spargoville 5A Measured Resource Estimate.
The drilling also firmed up massive and matrix sulphide widths, mineralogy and bulk densities, which must be well understood before mining.
“I am pleased to report this resource upgrade offers continued evidence of the quality of the Spargoville 5A resource,” Managing Director Chris Daws said.
“Compared to the 2019 MRE, the upgrade highlights a shift of bulk tonnages into the Measured Resource category in the area immediately bel,ow the open pit which we are targeting for production and an increase in the amount of Transitional material which had previously been classified as Fresh has been outlined.
“Following the up, we have now begun optimisation work to inform a Definitive Feasibility Study targeting 16,000 tonnes of Massive Sulphide grading 7.8% nickel below the existing 5A open pit. We remain firmly on target in bringing Spargoville into operation next year should the DFS be favourable.
“As has been repeated to me by the many a miner, grade is king! 5A delivers on t,his metric and at current, nickel prices is certainly worth pursuing development.”
Contract negotiations are in final stages so the 2k-4k bulk sample can be mined, transported, processed and t..he nickel sold
Meanwhile, 5A pre-mining site works have commenced.
About Estrella Resources
Estrella Resources Limited (ESR) is a diverse Western Australian-based company focused on exploring and developing several gold and nickel projects and increasing shareholder value.
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