Announcement Date: 2022-11-21
Announcement Type: Deposit Estimation
Announcement Code: JORC
Company name: Widgie Nickel Ltd.
Project name: Mt Edwards
Location: Australia
Commodities: Nickel
Highlight: Updated Resource Estimate for Project
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Widgie Nickel Ltd (ASX: WIN) (“Widgie” or “the Company”) is pleased to announce a new Mineral Resource Estimate incorporating PGEs at its Armstrong deposit (“Armstrong”), estimated in accordance with the 2012 JORC Code. Armstrong forms part of the Mt Edwards Project located in a province of historic nickel sulphide mines. The new estimate includes information derived from an additional 11,610m of new drilling in 38 holes, which allowed for a detailed reinterpretation of the geology and mineralisation. Widgie Nickel Ltd engaged Snowden Optiro to update the Mineral Resource Estimate (MRE) incorporating drilling recently completed at Armstrong. Mineral Resource Estimation The updated MRE for the Armstrong deposit totals 645,000 tonnes at 1.9% nickel for 12,200 nickel tonnes is reported in accordance with the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’ prepared by the Joint Ore Reserves Committee of The Australasian Institute of Mining and Metallurgy, Australian Institute of Geoscientists and Minerals Council of Australia (JORC Code). The updated MRE has been reported using a 1.0% nickel cut-off grade as per the previous Armstrong Mineral Resource.
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