About the asset
The Group holds a licence to develop the Honeymoon Well Project, which includes:
- deposits with disseminated nickel sulphide ores (Hannibals, Harrier, Corella and Harakka);
- the Wedgetail Deposit hosting solid and vein ores.
Measured and indicated resources:
173 mt of ore
Average metal content:Ni 0.68%
In 2017, geological exploration under the Company’s Australia licences focused on both the Honeymoon Well Project (Wedgetail, Hannibals, Harrier, Corella and Harakka Deposits) and prospective Albion Downs North and Albion Downs South Areas. Geophysical ground surveys were conducted at the Honeymoon Well Project. The Wedgetail Deposit operations included the assessment of options for mining solid sulphide ores with subsequent third-party processing; drilling and geophysical surveys at a previously identified area of potential sulphide nickel mineralisation on the deposit’s flanks and in its deep horizons; and reinterpreting of the existing geological data to assess the potential of the deposit’s deep horizons.
In 2017, the subsoil user suspended its right to develop the Wedgetail Deposit for five years, until 7 October 2021.