Metal Hawk soars on WA nickel sulphide discovery
Market punters pushed Metal Hawk’s share price through the roof after maiden reverse circulation drilling at the company’s Berehaven nickel project near Kalgoorlie hit massive sulphide nickel mineralisation. Metal Hawk’s share price touched 76c in intraday trading after it announced a two-metre intersection of massive and semi-massive nickel sulphide mineralisation. The company’s previous day’s closing share price was 18.5c.
The company is now planning to launch a diamond drilling campaign to follow up on the nickel sulphide hit. The discovery comes on the back of three RC holes at the Commodore prospect located in the south-west area of the Berehaven tenure. The company says the Berehaven tenure, which spans for more than 95 square kilometres, plays host to several underexplored target areas. The drilling at Commodore focused on an interpreted north-northwest trending ultramafic rock sequence stretching for up to 10km at the project.
With the price of nickel trading close to seven-year highs at about US$20,000 per tonne, Metal Hawk followers will no doubt be sweating on the results from its drilling at Berehaven. And with the battery metals sector burgeoning right now and not looking like easing up anytime soon, now would be a good time to make a serious nickel discovery – particularly as there is more nickel in a lithium battery than lithium.
Auroch to fast-track WA nickel sulphide projects
Nickel exploration company, ASX listed Auroch Minerals has launched scoping studies on its Nepean and Saints nickel sulphide projects in the Goldfields region of Western Australia. The studies will evaluate various mining scenarios as the company looks to fast-track the projects to production to capitalise on strong nickel prices and to build on its existing relationship with mining giant, BHP.
Ore from a historical nickel mine at Nepean was previously processed at the Kambalda nickel operations which BHP is due to re-commence next year. The scoping studies will look to assess the potential of bringing the two projects to life and to build upon the existing Saints off-take agreement with BHP. Specialist project delivery company, P1 Australasia will manage the studies in collaboration with Auroch.
Auroch says it is looking to build a business case for generating high-grade nickel sulphide feed for BHP’s processing facilities. It aims to produce high-quality nickel products suitable for lithium-ion batteries used in the flourishing electric vehicle industry. Saints located to the north of Kalgoorlie is 100 per cent owned by Auroch. The 80 per cent owned Nepean lies some 25 kilometres south of Coolgardie and plays host to the historical high-grade Nepean nickel mine which churned out more than a million tonnes of ore grading close to three per cent nickel between 1970 and 1987.
Wiluna Mining looks to add 2nd string to bow with nickel review
Perth-based gold miner and explorer Wiluna Mining can add nickel explorer to its growing resume as it embarks on an extensive review of historical exploration over its 1,600 square kilometre landholding in WA’s Northern Goldfields. Wiluna’s tenure stretches across 40km of strike in the Wiluna Greenstone Belt where the company is reviewing a plethora of high-grade nickel intercepts which look to be begging for renewed attention.
The Agnew-Wiluna region has been sporadically explored for nickel-sulphides since the nickel exploration boom of the late 1960s which was fuelled by the discovery of the world-famous nickel deposits in the Kambalda Dome. Much of the historical exploration focused solely on gold for obvious reasons with Wiluna Mining laying claim more recently to the colossal 6-million-ounce Wiluna goldfield. However, with the price of nickel in an upward trajectory as demand increases from the electric vehicle industry, there are good reasons for Wiluna to re-evaluate the nickel prospects on its tenements.
In the meantime its firm focus remains on reaching the lofty heights of an annualised gold production of 250,000 ounces. However, there is more than enough smoke from the nearby nickel targets for the company to create a second string to its considerable bow.