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Mincor up on maiden resource for Golden Mile

Headshot of Stuart McKinnon
Stuart McKinnonThe West Australian
Workers at Mincor's Kambalda operations.
Camera IconWorkers at Mincor's Kambalda operations. Credit: Tony McDonough/Picture:Tony McDonough

Shares in Mincor tracked higher after the company unveiled a maiden 22,600 tonne resource for its Golden Mile deposit dubbed LN04a.

The initial resource, 71 per cent of which sits in the indicated category, comes just 13 months after Mincor began drilling in the area between its Long and Durkin North underground mines near Kambalda.

Together with the existing Long and Durkin North deposits, LN04a brings the mineral resource in the area to 77,000t and 90,000t for the company’s entire Northern Operations.

Managing director David Southam said delineating 22,600 tonnes of contained nickel in what was only phase one of a significant drilling program on the Golden Mile spoke volumes for the potential to add significant nickel tonnes quickly and efficiently to Mincor’s operations.

“Importantly, the LN04a surface remains open and we have extensive drilling programs continuing with the dual objective of defining an initial ore reserve, while continuing to expand the overall extent of the surface, both up-dip and along-strike towards our existing Durkin North orebodies,” he said.

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Mincor shares were up 3¢, or 1.6 per cent, to $1.86 at 9.30am.

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