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- Golden Mile Resources (G88) has started the second phase of metallurgical testing on its 100 per cent owned Quicksilver nickel-cobalt (Ni-Co) project
- The 50 square kilometre Quicksilver project encompasses a mafic-ultramafic (greenstone) belt with nickel sulphide and nickel laterite mineralisation potential
- The program is being led by Wood Mining and Metals Australia, a nickel laterite processing engineer
- Shares in Golden Mile Resources are down 2.08 per cent on the market today, trading at 4.7 cents at 2:38 pm AEDT
Golden Mile Resources (G88) has started the second phase of metallurgical testing on its 100 per cent owned Quicksilver nickel-cobalt (Ni-Co) project, located approximately 300 kilometres east of Perth in Western Australia’s Wheatbelt Region.
The 50 square kilometre Quicksilver project encompasses a mafic-ultramafic (greenstone) prospective for nickel sulphide and nickel laterite mineralisation potential.
Quicksilver is situated on privately held farmland in a location with grid power access, paved roads and a train route to major ports.
In 2018 the company announced a maiden indicated and inferred resource estimate of 26.3Mt @ 0.64 per cent Ni & 0.04 per cent Co (cut-off grade >0.5 per cent Ni or >0.05 per cent Co) for the Quicksilver deposit.
Commenting on the metallurgical programs, Golden Mile managing director James Merrillees said the company was looking forward to better understanding the beneficiation potential of the Quicksilver nickel-cobalt mineralisation which may unlock a simplified development path for the project.
“The aim of the program over the coming weeks will be to develop our knowledge of the potential for a low-cost operation to produce a beneficiated product for export through nearby ports or as a feed to a local Western Australian nickel refinery,” he said.
“The start of the Quicksilver testwork program coincides with the commencement of onground exploration activity at our exciting Yarrambee copper-zinc project, and I look forward to providing shareholders with an update on this work later this week.”
The program is being led by Wood Mining and Metals Australia, a nickel laterite processing engineer. It is designed to investigate the potential of the Quicksilver mineralisation to produce a concentrate on site for either export, processing by an existing local refinery, or downstream processing by the company.
G88 believes previous metallurgical studies demonstrated the nickel laterite mineralisation at the site is amendable to physical upgrading by rejection of a harder silica rich component.
The present study is intended to expand on this characteristic and assess its response to further concentrate cleaning processes.
The studies are in line with the company’s objective to extract value from the Quicksilver project, on which more than $2.5 million has been spent since Golden Mile began work on it in 2017.
Shares in Golden Mile Resources are down 2.08 per cent on the market today, trading at 4.7 cents at 2:38 pm AEDT.
