- Estrella Resources (ESR) completes mining and crushing of bulk high-grade nickel sulphide ore from the 5A nickel mine in Spargoville, Western Australia
- The company estimates it will be able to truck approximately 2500 tonnes of the ore to Glencore’s Murrin Murrin HPAL process facility this month
- Laboratory assays are underway to determine the expected delivered ore grade and moisture contents
- Shares in Estrella are up 10.3 per cent, trading at 1.6 cents as of 2:05 pm AEDT
Estrella Resources (ESR) has completed mining and crushing of bulk high grade nickel sulphide ore from the 5A nickel mine in Spargoville, Western Australia.
The company estimates it will be able to truck approximately 2,500 tonnes of the ore to Glencore’s Murrin Murrin HPAL process facility this month.
Laboratory assays are underway to determine the expected delivered ore grade and moisture contents.
Additionally, a further 1000 tonnes of low grade nickel sulphide material will be retained by Estrella to be utilised for metallurgical test work on new process flowsheet designs for the nickel sulphide resources.
A positive process outcome will provide the company with a strong basis to fully develop the 5A nickel mine resources via simple pit cut back mining methods. It is also hoped to further develop remaining nickel resources at Andrews, 5B and 1A nickel deposits.
As nickel prices reached $40,000 per tonne before the end of 2022, Estrella made the choice to retain its Spargoville nickel rights assets, which it said was “the right decision and well timed for shareholders.”
Shares in Estrella were up 10.3 per cent, trading at 1.6 cents as of 2:05 pm AEDT.