Sydney-based Proto Resources has released the results of soil tests from 112 holes at a site at Barnes Hill, in bushland behind Beaconsfield, northern Tasmania.
Intersections have continued to build the strength of the database with 14 intersections at 1% Ni or greater (using a 0.5% Ni and 2m minimum intercept and maximum 3m internal dilution as cut-offs).
A 12.1 million tonne JORC-compliant indicated resource at 0.83% nickel and 0.07% cobalt is currently defined at the site. The drilling also uncovered the iron ore potential of the project, which would seem commercial grade in line with other small-scale operations in Tasmania close to the BHP Temco smelter.
However, conservationists have raised objections to the plan. The local Conservation Trust has raised concerns that the mine would wipe out an endangered flowering shrub known as Shy Susan. Proto Resources says it is developing an Environmental Management Plan, which will be submitted to the Environment Protection Agency and the Federal Government soon.
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