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NickelX (ASX:NKL) - Managing Director, Matt Gauci - The Market Herald
Managing Director, Matt Gauci
Source: Business News
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  • NickelX (NKL) contracts DDH1 to begin a diamond drilling program at the Fire Dragon Nickel-Copper Target in Western Australia
  • Beginning in July, DDH1 will undertake two phases of diamond drilling to test for nickel-copper sulphides at Fire Dragon, Silver Dragon, FD1, FD2 and FD4
  • Phase one will be supported by an exploration incentive scheme co-funded drilling program from the Western Australian Government
  • The company will aim to locate thicker extensions and better understand the style of the mineralisation
  • NickelX has ended the day 2.94 per cent in the red with shares trading at 16.5 cents

NickelX (NKL) has contracted DDH1 to begin a diamond drilling program at the Fire Dragon Nickel-Copper Target in Western Australia.

Fire Dragon is part of the Biranup Project which lies in the world-class Albany Fraser Orogen, roughly 350 kilometres northeast of Kalgoorlie.

Beginning in July, DDH1 will undertake two phases of diamond drilling, for 6212 metres, to test for nickel-copper sulphides at Fire Dragon, Silver Dragon, FD1, FD2 and FD4.

Phase one drilling is supported by an exploration incentive scheme (EIS) co-funded drilling grant from the Western Australian Government.

NickelX will aim to locate thicker and potentially economic extensions to the nickel-copper bearing sulphides and better understand the style of mineralisation.

"We're pleased to have contracted DDH1 as our drilling partner and having secured a diamond rig for our phase one and phase two drilling programs at Fire Dragon, Silver Dragon and Black Dragon," Managing Director Matt Gauci said.

NickelX has ended the day 2.94 per cent in the red with shares trading at 16.5 cents in an $11.66 million market cap.

NKL by the numbers
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