White Cliff Minerals Ltd. posted an initial resource estimate for its Coronation Dam deposit in Western Australia comprising 5.7 million tonnes at 1.0% nickel and 0.08% cobalt in the inferred category.
Contained metal is estimated at 56,700 tonnes of nickel and 4,300 tonnes of cobalt using a cutoff grade of 0.8% nickel, the company said March 25.
The main zone has been defined over 1.4 kilometers oriented north-south and 750 meters oriented east-west. Mineralization is open along strike and at depth.
White Cliff will conduct metallurgical test work on existing drill samples before planning further drilling and may undertake a small program to upgrade inferred resources to the higher-confidence indicated category.
The company also plans to investigate potential nickel sulfide mineralization on the property.
In February, White Cliff started discussions with various parties for a joint venture or sale of its noncore properties, including the Chanach gold-copper project in Kyrgyzstan and the Coronation Dam and Ghan Well cobalt-nickel projects in Western Australia.