Mincor Resources NL reported exploration update from its Kambalda Nickel Operations in Western Australia, and announced the start of new resource conversion drilling program across three emerging production assets.
Australian nickel producer Mincor Resources has continued its strong track record of resource and reserve growth at its Kambalda nickel operations in Western Australia, announcing a 37% increase in its ore reserves as part of the annual update to its ore reserves and mineral resources. For the year to 30 June 2010 Mincor added 16,600 tonnes of nickel metal to its ore reserves, before depletion for production of 11,793 tonnes. This means that Mincor replaced 140% of the nickel that it mined during the year. Mincor’s updated ore reserves stand at 1,746,000 tonnes at 2.9% nickel for 50,200 tonnes of contained nickel metal (2009: 45,400 tonnes contained nickel before production).
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