The total resource at the B4-7 nickel-copper-cobalt deposit of Landore Resources Ltd (LON:LND) now amounts to 3,292,000 tonnes at 1.20% nickel equivalent in the indicated category and 568,000 tonnes at 1.26% nickel equivalent inferred.
Total contained metal rings in at 46,661.
That’s an increase of 43% since the resource was last calculated back in 2012.
What’s more, the open pit component of B4-7 has doubled to 1,772,000 tonnes at 1.20% nickel equivalent in the indicated category, for 21,264 tonnes of contained metal.
Drilling has extended the B4-7 Deposit an additional 200 metres to a strike length of 900 metres and a depth of 550 metres, and the mineralisation remains open along strike and at depth.
A new exploration target has been identified down dip, which may contain further significant potential.
“We are very pleased with the significant increase in the B4-7 Deposit resource and its potential for continued growth,” said Landore chairman Bill Humphries.
“The burgeoning world prices of all of the B4-7 Deposit's contained metals, nickel-copper-cobalt-platinum-palladium and gold, together with the deposit's proximity to the BAM East gold deposit with obvious development synergies, has further highlighted the prospectivity of the Junior Lake Property.”