Welcome to GME Resources Limited - an emerging Australian nickel company
The NiWest Nickel - Cobalt Project is located adjacent to Glencore’s Murrin Murrin Nickel operations in the North Eastern Goldfields of Western Australia. The project is situated in a semi arid region that is well serviced with existing infrastructure such as rail, gas pipeline, optic fibre communications, arterial bitumen roads and nearby established mining towns.
Approximately 75% of the Mineral Resource Estimate reports to Measured and Indicated categories. Typical mineralisation lays between surface and 50 metres depth as a sub horizontal layer, 5 - 30 metres in thickness and 100 - 400 metres wide. The combination of low strip ratio open pit mining and predominately free digging oxidised saprolite and smectite mineralisation types provides for a low mining cost development.
Importantly, the metallurgical characteristics of the NiWest mineralisation have demonstrated that nickel and cobalt can be readily extracted using straightforward low capital intensity Heap Leach technology (GME, June 2015 Quarterly Report). Extensive four metre column leach tests and two metre bulk leach tests have consistently supported high percolation rates with target metals (Ni/Co) extractions rates averaging 72% in four metre columns and above 80% in two metre bulk column test programs.
The Company is in the final stages of a metallurgical test program to establish the optimal flow sheet design for a Heap Leaching operation coupled to a Direct Solvent Extraction and Refining facility capable of producing nickel and cobalt sulphates for the Lithium-ion battery market. The program is scheduled to commence continuous piloting of SX solutions from the Mt Kilkenny bulk column test work in March. Batch testing to establish condition parameters for SX test work on Hepi and Eucalyptus solutions is in progress.
In February 2017 an updated Mineral Resource Estimate, compliant to JORC 2012 was completed for the Company’s 100% owned NiWest Nickel - Cobalt Project (GME, 21 February 2017).
The resource update highlights the significance of the NiWest Project which is estimated to contain 830,000 tonnes of nickel metal and 52,000 tonnes of cobalt (Refer Table 1 announcement).
The updated Mineral Resource Estimate (0.8% Ni CoG) has resulted in an increase of 5.27 million tonnes of which the majority reports to the indicated category (Refer to Table 1). Individual resource estimates for the seven project areas that comprise the NiWest Project at 0.8% and 1% Ni COG are listed in Tables 2 and 3 of the announcement.
The project is at an advanced stage and hosts one of the largest undeveloped Nickel and Cobalt resources in Australia.