Canada-based mineral exploration company Continental Nickel (CNI) and Australian miner IMX Resources have announced that estimated and indicated mineral resources at their joint venture Ntaka Hill nickel project have increased by 150 percent compared to the previous mineral resource estimate in April 2011.
Measured and indicated resources have increased by over 150 percent to 12.786 million mt at 1.21 percent nickel for 154,700 mt of contained nickel (0.2 percent nickel cut-off).
The Ntaka Hill project is part of the larger Nachingwea joint venture in southern Tanzania and is a 25/75 joint venture between IMX Resources Limited and Continental Nickel Limited.