UK-based nickel development and exploration company African Eagle has announced a revised and upgraded JORC compliant resource estimate for the Wamangola deposit, part of the Dutwa nickel project in Tanzania. Accordingly, the total resource at Dutwa is now 107 million mt of 0.92 percent nickel.
Of the new total, almost 95 percent is also now classified in the indicated category, carrying a higher grade at 0.93 percent nickel. The expected date for Dutwa's bankable feasible study (BFS) has been pushed back to the second half of 2013 on the back of this additional metallurgical work.
Trevor Moss, African Eagle's chief executive, commented, "We received some extraordinarily good information and we have adjusted the plan to suit. This recent improved understanding of the metallurgical performance could have a very real impact on the project's economics."
African Eagle plans to produce 27,000 mt of nickel from Dutwa each year for around 20 years.