Announcement Date: 2022-04-11
Announcement Type: Deposit Estimation
Announcement Code: JORC
Company name: Mallee Resources Ltd.
Project name: Avebury
Location: Australia
Commodities: Nickel,Cobalt,Arsenic
Highlight: Updated Resource Estimate for Project
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Mallee Resources Limited (“MYL” or “the Company”) is pleased to announce that independent consultants CSA Global Pty Ltd, an ERM Group Company, (“CSA Global”) have reported a Mineral Resource estimate in accordance with the JORC Code (2012 Edition) (“JORC Code”) in respect of the Avebury Project (defined below). As announced on 11 March 2022, the deed of company arrangement (“DOCA”) for Allegiance Mining Pty Ltd (Administrators Appointed) (Receivers and Managers Appointed) (“Allegiance”) has been executed. The DOCA contemplates MYL (through a wholly owned subsidiary) acquiring Allegiance, which wholly owns the Avebury mining licences, exploration licences, the underground mine, processing plant, mine infrastructure and other associated assets (“Avebury Project”). Mineral Resource estimation work in respect of the Avebury Project was carried out by MMG Limited (“MMG”) in 2011 and reported in accordance with the JORC Code in 2013. No drilling has been undertaken since.
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