- Duketon Mining (DKM) commences a diamond drilling program at its Rosie Nickel Project in Laverton, Western Australia
- The 4000-metre diamond drilling follows the recent scoping study, which showed potentially strong financial metrics for the project
- Drilling aims to increase confidence in mineralisation in the northern area, test the southeast area and collect platinum group elements rich oxide samples
- Results from this program will be included in an updated nickel resource and mining model
- On market close for the day, Duketon is up 1.85 per cent and is trading at 27.5 cents per share
Duketon Mining (DKM) has commenced a diamond drilling program at its Rosie Nickel Project in Laverton, Western Australia.
The drilling program will include 4000 metres of drilling aiming to increase confidence in mineralisation in the upper north area of the project.
Drilling will also test the south-eastern area and collect platinum group elements (PGE) rich oxide samples.
“These three areas have been identified from the Rosie Nickel Sulphide Scoping Study as having potential upside by either impacting early cash flow or extending the life of mine,” the company said.
The scoping study showed potentially strong financial metrics for the project based on a pre-production capital cost of approximately $18 million.
This includes net profit value of around 161 million and a pre-tax cashflow of $223 million.
Results from this program will be included in an updated nickel resource and mining model.
The Rosie deposit was discovered in 2006 and mineralisation has been characterised by massive, matrix, breccia and disseminated nickel-copper PGE.
On market close for the day, Duketon is up 1.85 per cent and is trading at 27.5 cents per share.