Page 94 - ANC20-Proceedings-Presentations-Full

1. Cassini 12 Months On…….

Cassini Project*

● Mineral Resource: 1.5Mt @ 4.0% Ni for 58.7kt of nickel (4 upgrades in total)*

Ore Reserves: 1.212Mt @ 3.3% Ni for 40.1kt of nickel (maiden and 1 upgrade)*
●

● Total discovery cost around US$0.05/lb of nickel
nd
● Intersections announced in 2 half 2019**:
MDD329W2: 7.3m @ 6.4% Ni,
o
MDD323W2: 15.4m @ 4.7% Ni
o
MDD334: 12.3m @ 5.1% Ni
o
MDD334W1: 8.1m @ 5.7% Ni
o

● 2020 announcements:
MDD339: 17.6m @ 5.0% Ni
o
MDD339W4: 3.5m @ 7.6% Ni
o
Further resource expansion drilling likely from underground locations,
● Cassini 3D image of basalt contact and Resource shapes in red
consistent with the history of growing Kambalda deposits

*For Mincor’s Mineral Resources and Ore Reserves upgrade see the appendix for more details, and the latest ASX announcement on dated 25 June 2020
**For the drilling results referenced above, refer to Mincor’s ASX announcements of 6 September, 25 September, 18 October, 30 October 2019 and 6 January ,18 March 2020 and 17 August 2020

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