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Strategic Minerals identifies potential nickel sulphide target at Hanns Camp

Strategic Minerals has identified a potential nickel sulphide target at Hanns Camp in Australia
Nickel in periodic table
The occurrence of nickel in sulphides is increasingly rare

A recently completed Electromagnetic survey conducted by Strategic Minerals Plc (LON:SML) on its Hanns Camp project in Australia has identified a significant conductor.

Further field work of the area around this conductor will be completed to assess if drilling is warranted.

READ: Strategic Minerals boosts inferred resource at Redmoor by 100% and delineates further high-grade targets

In addition, a geological review completed in conjunction with nickel specialist Dr. Martin Gole, has revealed an additional target within the Hanns Camp project that potentially hosts komatiite lava channel-facies rocks, one of the key requirements for the potential accumulation of nickel sulphides.

Nickel sulphide deposits are the most desirable kind of nickel project because of the relative ease of processing. However, they are extremely rare nowadays as most have been mined out.

Strategic Minerals plans to test this target with a first pass aircore drilling programme, which will commence in April

"We are delighted that the recent electromagnetic survey has, as the board had hoped, suggested that further field work of the Hanns Camp Project area is indeed warranted,” said Alan Broome, chairman of Strategic Minerals.

“The recent work conducted by Dr. Gole and our geological team has given us great confidence as the Company progresses with the next phase of exploration. In light of growing demand for battery minerals for use in the electric vehicle market, the board feels further exploration for nickel and cobalt targets at the Hanns Camp prospect looks to be warranted. Further, we would expect to be able to fund these activities using existing cash flow from within the business.”

 

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