Cornish Metals signs agreement to sell Nickel King Property in Canada

  • Tuesday, June 18, 2024
  • Source:ferro-alloys.com

  • Keywords:nickel, ore, steel
[Fellow]Cornish Metals has signed a binding letter of agreement to sell its 100% interest in the Nickel King and Opescal Lake properties (together called Nickel King Property) to Northera Resources for a total consideration of up to C$8m ($5.8m).

[Ferro-Alloys.com] 

Cornish Metals signs agreement to sell Nickel King Property in Canada

Cornish Metals has signed a binding letter of agreement to sell its 100% interest in the Nickel King and Opescal Lake properties (together called Nickel King Property) to Northera Resources for a total consideration of up to C$8m ($5.8m).

A compliant NI 43-101 geological resource model has indicated significant mineral resources at the Nickel King Property.
 
The indicated category boasts 11.1 million tonnes (t) with grades of 0.40% Ni, 0.10% Cu and 0.018% Co, containing 44,500t of Ni, 10,600t of Cu and 2,200t of Co.
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  • [Editor:邢亚敏]

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