October 08, 2008

Mincor increases nickel resource estimate for Durkin

Platts reported that Australian nickel producer Mincor Resources has upgraded the resource estimate for its wholly owned Durkin Deeps nickel project in the Kambalda region of Western Australia by 42%.

The project is now estimated to have 18,800 tonnes of contained nickel, versus the original 13,200 tonnes estimate.

Mincor said that Durkin Deeps is one of three key nickel assets in Kambalda acquired by Mincor as part of Mincor's AUD 68.5 million acquisition of Goldfields Mine Management last year. The nearby Otter Juan is already in production, while the McMahon project is being developed as a new AUD 23 million mining operation.