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- Mincor Resources (MCR) intersects its first nickel ore at Durkin North in Western Australia
- The high-grade ore was encountered 36 metres before the start of the target zone, MCR claims it may represent a new high-grade ore surface
- The first nickel ores extracted from two development headings will be stockpiled prior to processing at the Kambala Nickel Concentrator next year
- The grade of nickel intersected at Durkin has been estimated at 3.8 per cent nickel which included high-grade massive sulphides of up to 11.5 per cent nickel
- Mincor shares are trading 0.39 per cent higher at $1.28 a share
Mincor Resources (MCR) has intersected its first nickel ore at Durkin North in Western Australia.
The high-grade ore was encountered 36 metres before the start of the target zone, MCR claims it may represent a new high-grade ore surface located outside the current mine plan.
The first nickel ores extracted from two development headings will be stockpiled prior to processing at the Kambala Nickel Concentrator next year.
The intersection was also found ahead of schedule in a second development heading in the target zone.
The grade of nickel intersected at Durkin has been estimated at 3.8 per cent nickel which included high-grade massive sulphides of up to 11.5 per cent nickel.
As part of the announcement, the company highlighted the new, unmined areas at Kambala for its potential.
Kambala’s previously site, the Otter shaft, is the oldest mine in the area and has been mined since the 1970s.
“Mining the first development ore at our Northern Operations is a fantastic milestone for Mincor and all of our stakeholders, and marks another key historic step in our journey towards the resumption of nickel production in the first half of next year,” Managing Director David Southam said.
“Almost within 24 hours of that exciting development, our Operations Team has also intersected development ore ahead of schedule at the 510 access level of Durkin North, exactly within the targeted ore zone.
“These are great early achievements for our team as we close-in on first nickel concentrate production in the June 2022 quarter.”
Mincor shares were trading a slight 0.39 per cent higher at $1.28 a share at 1:15 pm AEDT.
