EXPLORATION & DEVELOPMENT

Initial resource for Sherlock Bay

SHERLOCK Bay Nickel has calculated the initial magnetite resource from Mineralogy’s Balmoral Southern Block project in the Pilbara region of Western Australia as the company moves towards negotiating a deal to purchase the ore by mid-July.

Michael Vaughan

Initial resource for Sherlock Bay

The resource, based on 17 of 28 completed holes, is 618 million tonnes grading 31.7% iron with 23.1% of the iron magnetically recoverable. Some 385Mt at 31.8% iron are classified as indicated with 233Mt...

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