Join our daily newsletter At The Bell to receive exclusive market insights
- Duketon Mining (DKM) receives final assay results from two remaining diamond drill holes at the Rosie Nickel deposit in Western Australia
- Drilling began in June with the aim of increasing confidence in the mineralisation, testing the south-eastern area and collecting platinum group element (PGE)-rich oxide samples
- Overall, grades peaked at 3.54 per cent nickel, 0.38 per cent copper and 4.85 g/t PGEs
- Duketon has now begun working on an updated mineral resource estimate, with an updated stope optimisation and cash flow model to follow
- Shares in Duketon Mining are steady on the market and are trading at 34 cents each
Duketon Mining (DKM) has received the final assay results from two remaining diamond drill holes at the Rosie Nickel deposit.
The deposit sits within the company’s namesake project, located in Laverton, Western Australia.
Diamond drilling began in mid-June with the aim of increasing confidence in mineralisation in the upper north area, testing the south-eastern area and collecting platinum group element (PGE)-rich oxide samples.
New results include 3.32 metres at 3.54 per cent nickel, 0.38 per cent copper and 4.85 grams per tonne (g/t) PGEs, and nine metres at 1.05 per cent nickel, 0.14 per cent copper and 1.32 g/t PGEs, including a higher-grade interval of 2.8 metres at 2.3 per cent nickel, 0.29 per cent copper and 2.97 g/t PGEs.
“These additional PGE assays for the deeper holes show the quality of the resource at depth and the upside potential for significant extensions,” Managing Director Stuart Fogarty said.
“As stated before, these intersections, in addition to the accompanying geology and downhole electromagnetics, indicate that there is significant potential for the resource to continue to grow with more drilling.”
Duketon has now begun working on an updated mineral resource estimate, with an updated stope optimisation and cash flow model to follow.
Shares in Duketon Mining are steady on the market and were trading at 34 cents at 11:28 am AEDT.
