A 20,000m drill campaign showed that the Ikenskoe/Sobolevsky and Kubuk targets are in fact a single deposit of more than 4km in length and possibly as much as 5km.
Robin Young, chief executive, said in a statement: "We are extremely pleased with the drill results our team has obtained over the course of this drill season. We have most likely converted Inferred resource to that of Indicated at Kubuk, which is key to reserve definition and expansion.
“We are also excited to confirm that Kubuk and Ikenskoe/Sobolevsky are likely to be a single near continuous deposit totaling more than 4.5 kilometres in length.
“Merging of the two deposits will expand our nickel resource to more than a million tonnes of nickel alone. With the drill results indicating higher nickel grades, the newly defined mineralisation will ultimately have a significant impact in reserve definition and resultant production schedule. "
A further 800 metre area between Kubuk and Ikenskoe/Sobolevsky will be drilled this campaign.
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