Aust Mines to buy nickel project
10:44, Thursday, 5 July 2007
Sydney - Thursday - July 5: (RWE Australian Business News) -
Australian Mines (ASX: AUZ) announces that the company has exercised
its option to purchase the Marriott’s Nickel Project from BHP
Billiton (BHP) following excellent infill drill results and encouraging
metallurgical recoveries.
The Marriott’s nickel project, located 70km south of Leinster by
sealed highway, currently hosts an Inferred Mineral Resource of 550,000t
at 1.4% Ni for 7,700 tonnes of contained nickel down to a depth of 140
metres.
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