Projects
POLAND:
SZKLARY NICKEL PROJECT (NMI 80%) CURRENT REMAINING ORE FROM HISTORIC MINING ESTIMATED TO AGGREGATE 14.64MT ORE FOR 117,000 TONNES NICKEL (AVERAGE 0.8% NI)
The Szklary Ultramafic is situated close to existing infrastructure, being some 30 kilometres north east of the city of Klodzko and 4 kilometres from the town of Zabkowice Slaskie, in the Lower Silesia province in southwest Poland.
Reported historical ore mined from the Szklary deposit equalled 2.9Mt Ni producing almost 20,000t Ni recoverable @ 0.68% Ni.
The lateritic nickel deposit, developed on the Szklary Ultramafic body is subdivided into three mineralised areas. Remaining resources* quoted from “The Book of Mineral Resources Poland, 1996” are given in Table 1. Currently, these figures must be accepted only as an indication of the potential resource.
| Name of Deposit | Total Proven Reserves Nickel Ores in A + B + C1 Categories (thousands tonnes) | Total Proven Reserves Nickel (tonnes) |
|---|---|---|
| Skzlary – Szklana Gora | 7,976 | 64,000 |
| Skzlary – Wzgorze Kozmickie | 1,693 | 15,000 |
| Skzlary – Wzgorze Siodlowe | 4,975 | 38,000 |
| Szklary deposit total | 14,644 | 117,000 |
*These resource figures are not JORC compliant.
Note: “A” category reserves are from operating mine areas
“B” category reserves are from 100m*100m drill spacings
“C1” category reserves are from 200m*200m drill spacings
“C2” category reserves are from > 200m*200m drill spacings
The Szklary Ultramafic is the smallest of three outcropping remnants of what is considered to be part of a far larger Ophiolite Complex.
Proposed work programme
Whilst there is abundant historical data available, uncertainty in the exact methodology used to estimate resources, necessitates a considerable work programme to validate data.
At the end of this programme it should be possible to identify areas in which future work is required as well as having sufficient data to provide a better idea as to resources, metallurgical processes and opex/capex estimates.
A diamond drilling programme was carried out on the project by Northern Mining during October/November 2007. The assay results from this programme indicate that on a global basis, the intercept widths and grades are broadly in line with those recorded in the historical database (see Quarterly Report to 31 March 2008 for summary table of results)
RADZIMOWICE GOLD PROJECT
NMI Earning 80% The Company, through its 80% Polish subsidiary GEPCO, has been granted a 5 year concession for prospecting and exploring known gold, silver, arsenic and copper mineralisation in the Radzimowice region, Poland. Planning has commenced for an initial drilling programme on the Project. A series of mining plans dating back to the 1910's was souced from historical workings. These plans are in the process of being digitised to generate a three dimensional model, to be used in the planning of future exploration programmes. For more information on the Radzimowice Project, please refer to ASX announcement lodged Tuesday 04 March 2008 "Northern Expands Interests in Poland to Historic Mining Area". During 2007, the Company signed an Agreement with Quaalup Investments Pty Ltd to acquire the highly prospective Durack Range Project in the East Kimberley, Western Australia. The Project, comprising three Exploration Licence Applications 80/3848, 3849 and 3865, covers an area of > 1200 square kilometres neighbouring licences held by Rio Tinto, Thundelarra Exploration and Northern Star Resources’ Wilson River Project. The three applications were granted in February 2008. Exploration programmes are currently being planned to follow-up the geological reconnaissance programme carried out by the Company in July 2007, when significant molybdenum values (up to 0.3%) were reported. The Project comprises a highly weathered, heavy mineral zone contained in lenses up to 1.2m thick, holding up to 81% heavy minerals over a strike of at least 12 kilometres. It contains a reported mineral assemblage up to: Assays of the heavy mineral concentrate gave values up to: The Application areas cover the conglomerate beds of the King Leopold Sandstone. Two of these conglomerate beds within the Exploration Licence Applications extend for some 80 kilometres, with thickness from one metre to twenty five metres thick. Limited historical assays in the 1960’s show that these beds contain 3 to 5% heavy minerals (titanium minerals, zircon, monazite) and 1 to 3 kilograms per tonne tin, in the form of cassiterite. The conglomerate beds also contain uranium and were discovered by BHP Pty Ltd during an extensive airborne radiometric survey of the Kimberleys in 1968, which generated three significant anomalous areas for uranium, all of which are within these areas. Several likely targets for leached uranium enrichment are present at the base of the unconformaties and impervious clay layers. These uranium prospects occur within similar settings to the Paladin Oobagooma (West Kimberley) uranium deposit containing 10,000 tonnes of U308. This area, containing several mineralized targets, was recommended for a substantial follow-up program, which has to date, not been implemented. NMI Earning 75%, Cazaly Resources Limited 25% The five project areas in which the Company has an interest in the Northern Territory are high in mineralisation, including base metals and uranium. Immediate exploration targets include: The highlights outlined above are a brief summary only. Please refer to Company announcements and reports for further information.
Historic: Known gold, silver, arsenic, copper
Total consession area covers 10.86 square kilometres
Close to existing infrastructure.
WESTERN AUSTRALIA:
EAST KIMBERLEY DURACK RANGE PROJECT – EXTENSIVE HIGH GRADE, CONSOLIDATED HEAVY MINERAL BANDS (TITANIUM, ZIRCON) WITH URANIUM/THORIUM
Conglomerate Beds (Heavy Minerals, Tin, Uranium)
EASTERN GOLDFIELDS EAST KALGOORLIE PROJECT – PROSPECTIVE NICKEL AND GOLD TARGETS
Project Manager, Newexco Services Pty Ltd
Immediate Gold, Nickel, Base Metals Targets
Kanowna Lights
Tenement area:
5.64 square kilometres
Historic:
6m @ 3.28g/t gold from 24m
2m @ 10.53g/t gold from 30m
Existing Mining Leases
Neighbouring Barrick Gold’s Kanowna Belle Gold Mine:
(production 2005 = 490,000oz gold from 4.5Mt at a grade of 3.5g/t gold)
Blair
Tenement area:
22.87 square kilometres
Highly prospective four kilometre strike length
Historic:
4m @ 0.41% nickel and 4m @ 0.57% nickel
Two kilometre strike length elevated supergene nickel mineralisation
Historic:
4m @ 0.73% nickel
Blair North
Tenement area:
156 square kilometres
Laterite nickel and cobalt mineralisation potential
Historic:
3m @ 14g/t silver from 123m
4m @ 0.12% copper and 575ppm zinc from 4m
NORTHERN TERRITORY:
PROSPECTIVE BASE METAL AND URANIUM TARGETS