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Metallica improves Sconi resource

21st October 2013

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

  

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PERTH (miningweekly.com) – Metals developer Metallica Minerals has increased the mineral resource at the southern deposits of its Sconi scandium project by 19%, following drilling of old waste rock dumps.

The total southern deposit resource now stands at about 70.7-million tonnes, at 1.20% nickel equivalent, increasing the total Sconi project’s mineral resource to 89.1-million tonnes, at 1.15% nickel equivalent, from a previous estimate of 77.9-million tonnes at 1.19% nickel equivalent.

Total measured and indicated resource increased by 2.5% to 65.1-million tonnes, at 1.22% nickel equivalent.

Metallica has moved to lower its overheads, recently announcing a number of redundancies at the Sconi project, including CEO Gavin Becker. It also deferred the definitive feasibility study of the project in an effort to cut back on costs.

Edited by Creamer Media Reporter

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