Mining IQ

Advancing the stellar Nova-Bollinger nickel deposit into production

Posted: 08/28/2013
Key Points
  • Nova & Bollinger JORC Resource increased to 14.6Mt @ 2.5% NiEq
  • Scoping Study advancing well
  • Early test work indicates >90% recoveries of nickel, copper and cobalt
  • Geotechnical studies indicate cost effective bulk underground mining methods
  • Significant exploration potential still exists within ‘the Eye’
  • Strong pipeline of nickel and gold projects with encouraging early results
Following the discovery of the Nova and Bollinger nickel deposits, Sirius Resources has enjoyed a meteoric rise in valuation with its share price increasing a staggering +7,000% at its high. The company is now well advanced in completing a Scoping Study and is targeting first production as early as 2016. Significant exploration potential still exists within the immediate area of Nova-Bollinger as well as elsewhere within the prospective portfolio.
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Posted: 08/28/2013