- Duketon Mining (DKM) has upped the nickel resource of its Rosie Nickel Deposit in the Duketon Belt of Western Australia
- The explorer referenced January spot commodity prices, allowing the majority of the resource to move up to an indicated category
- The total combined JORC resource for Rosie and the C2 nickel asset came in at 87,100 nickel tonnes, 12,900 copper tonnes and 231,500 ounces of platinum group elements
- Duketon is exploring the possibility for Rosie to become a standalone mining operation, with drill planning underway
- Duketon Mining closed the day down 4.62 per cent, trading at 31 cents per share
Duketon Mining (DKM) has upped the nickel resource of its Rosie Nickel Deposit in the Duketon Belt of Western Australia
Using January spot prices, the explorer attained an update of 2.56 million tonnes at 3.14 per cent nickel equivalent, bumping up 66 per cent of the Rosie mineral resource to the indicated category, with remaining total classed as inferred.
Total combined JORC resource for the Bulge Area, which includes the Rosie and C2 assets, formally came in at 87,100 nickel tonnes, 12,900 copper tonnes and 231,500 ounces platinum group elements.
Duketon says the change reflects the increase in commodity prices since the previous resource update, which had previously used conservative long term forecast prices.
Specifically for the Rosie resource, this equates to 49,100 tonnes contained nickel, 10,600 tonnes contained copper and 205,000 ounces of contained platinum group elements.
Duketon says there is a scoping study underway looking at the Rosie mineral resource and its potential as a standalone mining operation, which is due for completion in March this year.
Planning is underway for a drill program at Rosie to further expand its resource and infill where required.
Duketon Mining closed the day down 4.62 per cent, trading at 31 cents per share.