Latest Podcast Video
Managing Director Peter Harold, updates Proactive Investors following the Company's announcement regarding the recommencement of mining and milling operations at the flagship Savannah Nickel Mine in WA and the high-grade Savannah North discovery, with first concentrate shipment schedule for early February 2019.
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Snapshot
Managing Director, Peter Harold;
"After a 2.5 year hiatus, operations have recommenced at Savannah.
At the moment we’ll mine the old orebody for another year and then we’ll be ramping up to full production out of Savannah North – the great thing about Savannah North is the grade of nickel is about 20% higher, so the grade is about 1.5% nickel, and the cobalt grade is double.
So what will happen is we’ll produce around … 11,000 tonnes of nickel, compared to about 7,000 tonnes per annum last time; about 6,000 tonnes of copper compared to about 5,000 tonnes previously; and double the amount of cobalt … about 8,000 tonnes instead of 4,000.
It’s very much a polymetallic mine and very much focused on some of these battery and electric vehicle metals.”
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