Australian mining company discovers world class high-grade Nikel in Kaduna State
Mining industry veteran, Hugh Morgan, heads a private syndicate that has
made a potentially world class, and highly unusual, nickel discovery
close to Dangoma, Kaduna State, TheAustralian reports.
The discovery is unusual because t
he nickel is found in small balls up to 3mm in diameter of a high purity in shallow soils in what could be the surface expression of a much bigger hard-rock nickel field.
The nickel balls, rumoured to grade better than 90% nickel and thought to be a world first, offer the potential for early cashflow from a simple and low-cost screening operation to fund a full assessment of the find that has exploration circles buzzing.
Earlier this month, Nigeria’s Minister for Solid Minerals, Kayode Fayemi, told Bloomberg that about $5bn would kickstart the mining sector. He said: “In two to five years, we want to have started production of iron ore, lead, zinc, bitumen, nickel, coal and gold at a serious scale.”
The discovery is unusual because t
he nickel is found in small balls up to 3mm in diameter of a high purity in shallow soils in what could be the surface expression of a much bigger hard-rock nickel field.
The nickel balls, rumoured to grade better than 90% nickel and thought to be a world first, offer the potential for early cashflow from a simple and low-cost screening operation to fund a full assessment of the find that has exploration circles buzzing.
Earlier this month, Nigeria’s Minister for Solid Minerals, Kayode Fayemi, told Bloomberg that about $5bn would kickstart the mining sector. He said: “In two to five years, we want to have started production of iron ore, lead, zinc, bitumen, nickel, coal and gold at a serious scale.”
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