The maiden inferred resource includes 573,000 tonnes grading 1.63% nickel, 1.19% copper, 0.082% cobalt and 2.33 g/t platinum + palladium.
Olympia contains 9,300 tonnes of nickel, 6,800 tonnes of copper, 470 tonnes of cobalt and 43,000 ounces of platinum + palladium.
The Collurabbie project is spread over an area of 123 square kilometres and hosts the Olympia nickel sulphide deposit and a number of other prospects for nickel sulphide mineralisation.
Rox to launch aircore drilling programme
Interestingly, Rox is having a number of key assets at various levels of development with exposure to gold, nickel, copper and platinum group elements.
This maiden resource at Olympia complements the resource of 50,000 tonnes at 2.5% nickel that was established at the company’s Fisher East nickel project only 70 kilometres away.
Rox will now embark on an aircore drilling program at Collurabbie, its first exploration programme since acquiring the project.
This drilling will test several nickel and gold targets developed along the belt over 15 kilometres of strike that have had little work for 10 years.