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Property News
October 31, 2008
An updated mineral resource statement was received. Based on a 0.5% Ni cut-off for upgrade ore and 0.8% for grind ore, measured and indicated resources total 19.368 Mt grading 0.75% Ni and 0.03% Co, while inferred resources are estimated at 62.603 Mt garding 0.69% Ni and 0.03% Co.
On Oct17/08, the operation was being placed on indefinite care and maintenance due to increasing cost pressures coupled with a steep decline in nickel prices.
October 17, 2008
Norilsk Nickel Australia is placing its Cawse laterite nickel operation on indefinite care and maintenance.
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