Announcement Date: 2023-02-21
Announcement Type: Deposit Estimation
Announcement Code: JORC
Company name: Aston Minerals Ltd.
Project name: Edleston
Location: Canada
Commodities: Nickel,Cobalt
Highlight: Initial Resource Estimate for Project
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Aston Minerals Limited (ASX: ASO, ‘Aston Minerals’ or ‘the Company’) is pleased to announce the delineation of a maiden nickel-cobalt sulphide Mineral Resource Estimate across the Boomerang Nickel-Cobalt Sulphide system, Edleston Project, Ontario, Canada. Managing Director, Dale Ginn, commented: “To go from initial concept through to maiden Mineral Resource in less than 18 months is a tremendous achievement by the team. The Boomerang Resource is now confirmed as one of the world’s biggest nickel-cobalt deposits. “Boomerang still has incredible growth potential at depth and our geophysical surveys have identified numerous other lookalike targets on our tenements which are yet to be tested by drilling. “The broad nature of mineralisation at Boomerang, its amenability to conventional beneficiation, access to environmentally responsible hydroelectric power, availability of local skilled labour and a well-established mining legislature ideally positions this project to be a globally significant nickel and cobalt mine set to meet a significant portion of the soaring demand from the EV battery industry over the coming decades.”
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