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nIcKeL conFeRence ReVIeW

New players leave their mark

here have been times down the years when “The assay results show that the mineralisa-
T the Australian Nickel Conference has suf- tion continues down-plunge at better than the
fered from a lack of variety but the 2021 edition average grade of the existing resource,” Lynn
had plenty to offer, with two of the newest sector said in an ASX announcement. “The system
entrants, Cannon Resources Ltd and Nickel- is totally unconstrained at depth and laterally
Search Ltd, appearing late in the day. within the northern mineralisation trend.”
Cannon chief executive Steve Lynn followed Diamond drilling is continuing at Musket as
NickelSearch counterpart Craig Moulton on well as the other defined deposits at Fisher
the stage but in reality, Cannon is a few steps East – Camelwood and Sabre – after Cannon
ahead, having listed in August. NickelSearch chose to expand the programme from 4,000m
was expected to hit the bourse before the end to 6,300m. Craig Moulton
of October. NickelSearch will be hoping for similar early
Following its $15 million IPO, Cannon quickly exploration success. Moulton said the company would revisit a
launched into a diamond drilling programme at The company’s sole focus is the Carlingup scoping study completed by predecessor Alpha
its Fisher East nickel project. project near First Quantum Minerals Ltd’s Ra- Fine Chemicals Ltd on a bioleach processing
Widespread delays in assay labs meant Lynn vensthorpe nickel operation but with nickel option for the project.
was unable to bring maiden results with him to sulphide, nickel laterite and even VMS copper “In 2016, Alpha Fine Chemicals completed
the conference but when they did land a week potential, Moulton believes the company has a scoping study for a bioleach process using
later, the market paid immediate attention. “optionality providing a number of pathways for bugs generated from the local area,” he said. “It
The first three diamond holes of the campaign growth” within the 108sq km tenement pack- showed for a $25 million capex, it could produce
returned hits of 14.94m @ 1.9% nickel from age. 2,200 tpa of MHP [mixed hydroxide product].
366.15m, 4.94m @ 1.79% nickel from 559.77m Completion of the listing process will see While it needs updating, the study proves the
and 5.81m @ 2.29% nickel from 584.35m from NickelSearch take ownership of the histori- material is amenable to leach processing and
the Musket prospect. The first hole MFED083 cal Rav-8 nickel laterite mine which produced we will begin updating the study next year.”
(14.94m @ 1.9% nickel) was drilled on the 16,000t contained nickel @ 3.5% in the late- Away from the historical mine, NickelSearch
northern margin of the main channel and ex- 1990s. The resource was recently confirmed – has several prospects including Rav-5 for which
tended mineralisation 100m below and down- to JORC 2012 standard – as 13.2mt @ 0.6% for it has an exploration target of around 50,000t of
plunge of the existing Musket resource. 75,100t contained nickel. contained nickel.

NICKEL COPPER COBALT PROJECTS Australia’s Next Exciting
AUSTRALIA AND CANADA
Nickel Opportunity
Large resource base and exceptional discovery potential
Canadian Nickel-Copper-Cobalt Widgie Nickel is a planned spin-out from
Prolific historical mining centre Neometals, set to list on the ASX in September,
Redevelopment opportunity positioned to unlock the significant latent value of
Recent exploration defines the Mt Edwards Project.
additional potential
WA Nickel-Copper Long-term Growth on the Horizon
1969 discovery – never developed
No effective nickel exploration • An already identified resource base of
in the last 20 years 162,560t of contained nickel with substantial
NSW Copper-Cobalt-Silver-Gold exploration upside
Early-stage exploration play • Working towards a production decision
+20km geochemical anomaly within 2 years, coinciding with a global nickel
Multiple high-grade surface samples
supply shortfall as renewable battery market
grows rapidly
Corazon’s business model delivers long-term leverage to • Great location, production history, substantial
the price appreciation in nickel, copper and cobalt
– critical metals for the rechargeable battery sector infrastructure to leverage off, anticipated low
capex path to production
ASX CZN Office Level 3, 33 Ord St, West Perth W.A. 6008 For more information about Widgie Nickel visit:
Phone +61 (8) 6166 6361 Email info@corazon.com.au www.widgienickel.com.au
corazon.com.au

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