Neometals Increases Armstrong Mineral Resource

THE DRILL SERGEANT: Neometals (ASX: NMT) released an updated nickel Mineral Resource for the Armstrong deposit, part of the company’s Mt Edwards project in Western Australia.

Neometals acquired the Mt Edwards project, which is located in a province of historic nickel sulphide mines, in the first half of 2018 and immediately began exploring for nickel and lithium.

The company completed a program of Reverse Circulation (RC) at Armstrong in December 2019, results from which were combined with historical drilling and assay data for an outcome of a reinterpreted Mineral Resource at Armstrong that has increased by 60 per cent to 630,000 tonnes at 2.1 per cent nickel for 13,200 tonnes of contained nickel between 80 and 300 metres below surface.

Neometals indicated future work at Armstrong will include diamond core drilling and sampling to provide understanding of mineralogy and metallurgical characteristics, and RC drilling to increase confidence sufficient to upgrade the Mineral Resource classification and pave the way for advanced mining studies.

“The exploration and development success which has led to the updated Mineral Resource estimate at Armstrong, complements the company’s growth strategy of increasing the mineral inventory across Mt Edwards while seeking new nickel discoveries,” Neometals said in its ASX announcement.

“Neometals is targeting distinct high-grade zones and new discoveries across its large land holding at Mt Edwards, which is located in a well-recognised nickel mining province.”