Resource World Magazine

A U G U S T / S E P T E M B E R 2 0 1 8 www.resourceworld.com 51 in the current resource estimates. In an April 25, 2018 news release, the company said recent work has demonstrated that there are no barriers to the technical pro- cess of separating nickel and copper. It said it would now begin a mini pilot plant test program which enables the production of separate nickel and copper concentrates and qualifies the grades and recoveries of those concentrates. "The commencement of mini pilot-plant testing is the final stage of the metallurgi- cal testing at the Nickel Shaw Project," said Diane Garrett, President and CEO. "Over the past 18 months, the company has focused on de-risking Nickel Shaw through a series of detailed and scien- tifically based studies, including a new geologic model, the Phase 1 Metallurgical program, which demonstrated the viability of producing saleable bulk concentrate, a foundation for an optimized mine plan and process flow sheet, and a new NI 43-101 resource estimate." Sienna Resources Inc. [SIE-TSXV; SNNAF-OTC; HRJ1-FSE] is planning an extended sampling and geophysical pro- gram on the Slättberg nickel-copper cobalt project in Sweden. Samples of stream sedi- ments, soil and glacial till will be collected in areas where magnetic anomalies have been identified. These magnetic anomalies occur in areas where the highest historic stream sediment cobalt and nickel anoma- lies occur. The historic data was collected during 1970s era sampling programs, but were never followed up on. The focus of the ongoing programs is to identify additional high priority drill targets for the project. Recently, Sienna announced plans for a downhole EM survey on the property with the objective to identify conductive anomalies. This may generate a new series of prioritized drill targets for immediate follow-up, and will also help constrain the geometries of known bodies of mineraliza- tion on the project. Jason Gigliotti, President of Sienna, stated, "The initial results of the drill pro- gram were encouraging but further target definition is still ongoing. The current work programs should enable us to pri- oritize the next phase of drilling. We will focus the next phase on the highest cobalt- centric locations as we are now able to work on these areas as the snow melt has afforded us this ability." In May, Sienna reported drill results from the initial drill program at Slättberg show several significant intercepts of nickel and cobalt mineralization in areas that are along strike and down dip from historic mine workings in the area. Results included 2.8 metres averaging 1.05% nickel and 1,125 ppm cobalt and 0.79% copper in drill hole SIE-18-3, and 13.0 metres averaging 0.32% nickel, 340 ppm cobalt, 0.28% copper and 0.32 g/t platinum + palladium, including 2.35 metres averaging 0.87% nickel and 594 ppm cobalt and 0.35% copper and 0.73 g/t platinum + palladium in drill hole SIE-18-5. SRG Graphite Inc. [SRG-TSXV] reported its maiden resource estimate for the 100%-owned Gogota nickel-cobalt deposit located in the Republic of Guinea, West Africa. The mineral resource estimate, prepared by Montréal based Met-Chem, a division of DRA Americas Inc., includes a pit-constrained inferred resource of 44.9 million tonnes of mineralized material grading 1.28% nickel, for 573,040 tonnes of contained nickel. The cobalt grade of the resource is 0.13% cobalt, for 59,560 tonnes of contained cobalt. The resource also contains 29.4 g/t scandium, for 1.17 tonnes of contained scandium in the limo- nitic portion of the deposit. Highlights of the pit constrained esti- mate are as follows: • 44.9 million tonnes of mineralized weathered material (limonite and saprolite) from surface to 40 metres • 1.28% nickel, 0.13% cobalt, 29.4 g/t scandium • 38 million tonnes of limonite material grading 0.15% cobalt for 57,140 tonnes of in-situ cobalt • Preliminary strip ratio of 0.23 Mineral resources were based on 51 ver- tical drill holes carried out over the Gogota deposit in 2012-2013. 31 Drill holes were drilled over a 200 by 400-metre grid and the remaining 20 were drilled over a 200 by 200-metre grid. FPX Nickel Corp. [FPX-TSXV; FPOCF- OTC] has filed a positive independent NI 43-101 Technical Report on the resource update for the company's Baptiste deposit at its 100%-owned Decar Nickel District located 90 km northwest of Fort St. James, central British Columbia, prepared by Equity Exploration Consultants Ltd. and GeoSim Services Inc. • Estimated resources (indicated): 1,159.5 million tonnes • Estimated resources (inferred): 870.4 mil- lion tonnes • In Pit indicated resource diluted: 730.0 million tonnes • In Pit indicated resource grade: 0.119% nickel • In Pit inferred resource diluted: 195.0 million tonnes • In Pit inferred resource grade: 0.114% nickel • Life-of-mine (LOM) (including indicated and inferred resources): 24 years • Milling rate: 114,000 tonnes/day • Strip Ratio waste: mineralized material 0.17:1 • Total project capital cost: $2,147 million • Average overall operating cost milled: $6.92/tonne • Post-tax Net Present Value at an 8% dis- count rate: $579 million • Nickel price: US $9.39/lb • Post-tax Internal Rate of Return: 12.8% • Payback period (post-tax): 6.4 years Tartisan Nickel Corp. [TN-CSE] has provided an update on the Kenbridge nickel-copper deposit, northwest Ontario. Currently, the Kenbridge deposit hosts measured and indicated resources of 7.1 million tonnes of 0.62% nickel, 0.33% copper and 0.016% cobalt. In total, a con- Vale's Voisey's Bay Mine 30 km southwest of Nain, Voisey's Bay, Newfoundland & Labrador. Photo courtesy Vale S.A. NICKEL

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