A-Cap Energy says results from recent RC drilling at its Wilconi nickel-cobalt project in WA confirm the potential for a large tonnage, close to surface, continuous orebody, ideally suited to open pit mining.

A-Cap Energy (ASX:ACB) has released results from its drilling, with the best parts including:

  • 12m at 1.51% nickel and 0.36% copper from 40m (WCN22RC302);
  • 9m at 1.47% nickel and 0.24% copper from 25m (WCN22RC320);
  • 14m at 1.46% nickel and 0.06% copper from 25m (WCN22RC321);
  • 7m at 1.52% nickel and 0.27% copper from 29m and 5m at 1.41% nickel and 0.12% copper from 45m (WCN22RC322); and
  • 19m at 1.18% nickel and 0.10% copper from 33m (WCN22RC274).

A 1300m Diamond drilling (PQ) has also been completed with assay results pending.

Confidence in grade and continuity

“These excellent assay results continue to build confidence in the grade and continuity of the Wilconi nickel deposit and will allow an upgrade in the resource categories and permit conversion of resources to reserves,” A-Cap MD Dr Andrew Tunks said.

“In addition, large diameter diamond cores (90mm) were drilled to ensure good recoveries were obtained in the soft lateritic ores to permit bulk density determinations and to provide sufficient sample for further metallurgical testwork and engineering studies.

“Our earlier metallurgical studies demonstrated that the project can deliver high recoveries of both nickel and cobalt.”

Advancing towards a Pre-feasibility Study

Dr Tunks said the project could serve the supply of critical materials to the global electric vehicle market which is growing rapidly.

“The primary batteries of choice for Western manufacturers are nickel-manganese-cobalt due to their high energy density and Wilconi and the company will be ideally placed to become a significant source of supply for these crucial metals,” he said.

The company is continuing Pre-Feasibility Study (PFS) work, with the initial focus on updating the mineral resource estimate once all drill assays from the program have been received.

Metallurgical testwork by Simulus laboratories is ongoing, along with hydrogeological studies including baseline surface and groundwater modelling, subterranean fauna studies and cultural heritage surveys.

 

 

 

This article was developed in collaboration with A-Cap Energy Limited, a Stockhead advertiser at the time of publishing.

 

This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.

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