brw...ann...any nickel experts out there????

  1. Yak
    13,672 Posts.
    Geez....... H/C still no stock code for this - hence ASX - General

    Be interested what you think of this

    I made a good trade a while ago on this ticker on a rumour and am now considering another trade.

    Kambalda West Project
    Development Update
    23 September 2003
    Highlights

    Resource established for 5A Nickel Project
    • Discussion with off take partners continue
    • New geophysical targets defined at 5A Nickel Project
    5A Nickel Project
    Breakaway Resources Limited today is pleased to announce the next step in the proposed
    development of the 5A Nickel Project within the Company’s Kambalda West Project centred on
    Spargoville, 20 kilometres west of Kambalda.
    The 5A Nickel Project is the first target from a suite of exploration prospects held within
    Breakaway’s Kambalda West package to be advanced towards full development. Breakaway’s
    intent is to build a significant nickel production profile from the Kambalda West Project which
    covers 30.5 km 2 of highly prospective tenements.
    Following the recent drilling programs, Breakaway has defined the following Global Resource for
    the 5A Nickel Project:
    A preliminary mining resource has been defined using a 1.0% lower cut off grade. For mine
    planning purposes, this resource has been divided into oxide, upper transition and lower transition
    sulphide ore types as shown in the table below.
    The Indicated Resource for the 5A Nickel Project at a 1% cut off grade (COG) is defined as:
    Off-take Agreement
    Following the completion of preliminary metallurgical test work, discussions have begun with
    previous oxide ore off take partner OMG Cawse Pty Ltd and other interested parties with respect
    to entering into off-take agreements for the various 5A deposit ore types. The Kambalda West
    Project is not subject to any pre-existing commercial off take commitments which affords
    considerable flexibility in defining the most appropriate off take partnership arrangements.
    Further Targets Located at 5A Deposit
    A down-hole Transient Electromagnetic (DHTEM) geophysical survey was completed in selected
    holes at the completion of the recent drilling program to define possible down plunge extensions to
    the 5A deposit.
    Tonnes Grade
    (Ni %)
    Contained Metal
    (tonnes)
    Indicated Resource 41,300 2.63 1,086
    Ore type Tonnes SG Grade
    Ni % Cu % Co %
    Oxide 1,300 2.8 1.52 0.09 0.030
    Upper transition 19,176 3.0 3.28 0.25 0.029
    Lower transition 8,672 3.2 4.8 0.25 0.056
    Total 29,148 3.65 0.24 0.037

    Off-take Agreement
    Following the completion of preliminary metallurgical test work, discussions have begun with
    previous oxide ore off take partner OMG Cawse Pty Ltd and other interested parties with respect
    to entering into off-take agreements for the various 5A deposit ore types. The Kambalda West
    Project is not subject to any pre-existing commercial off take commitments which affords
    considerable flexibility in defining the most appropriate off take partnership arrangements.
    Further Targets Located at 5A Deposit
    A down-hole Transient Electromagnetic (DHTEM) geophysical survey was completed in selected
    holes at the completion of the recent drilling program to define possible down plunge extensions to
    the 5A deposit.
    Tonnes Grade
    (Ni %)
    Contained Metal
    (tonnes)
    Indicated Resource 41,300 2.63 1,086
    Ore type Tonnes SG Grade
    Ni % Cu % Co %
    Oxide 1,300 2.8 1.52 0.09 0.030
    Upper transition 19,176 3.0 3.28 0.25 0.029
    Lower transition 8,672 3.2 4.8 0.25 0.056
    Total 29,148 3.65 0.24 0.037
    ABN: 16 061 595 051
    Registered Address: Level 1, Pinnacle House, 16 Ogilive Road, Mt Pleasant WA 6153
    Postal Address: Locked Bag 4, Canning Bridge WA 6153
    Phone: (08) 9315 6444 Facsimile: (08) 9315 6449
    Email: [email protected] Web: www.breakawayresources.com.au
 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.