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GME RESOURCES LIMITED

ASX: GME

The data on Australian Shares.com is intended as a guide only and is compiled from information in the public domain. Data on this website should not be used to make an investment or trading decision.

Description

GME Resources is a Perth-based nickel exploration company focused on the development of its 100%-owned NiWest Project, located in the Laverton district of Western Australia.

NIWEST, WESTERN AUSTRALIA

GME through its subsidiary NiWest Ltd owns 100% of the NiWest Nickel Laterite Project located at Murrin Murrin in the North Eastern Goldfields of Western Australia. The project land holding is in excess 500 square kilometres hosting significant laterised ultramafic structures. The project contains a World Class nickel resource. Total metal content of over 1,000,000 tonnes of nickel has been defined by extensive drilling programs over the past three years.

Key attributes of the NiWest Nickel laterite project

* Metallurgical column leach test work completed on the major resource areas has recorded consistently 70 to 80 % Nickel recovery in 120 days
* BEST undeveloped Laterite Ni project in Australia
* Potential to become top-10 global nickel producer
* Pre-Feasibility completed in 2007
* Feasibility Study underway on expanded A$1.1bn (approx) heap leach project
* Strong investment proposition underpinned by accepted heap leach technology
* Targeting 75Mt reserves at 1% Ni
* Favourable environmental and climatic conditions for heap leaching
* 165,000 metres of exploration drilling to date
* Heap leach is a lower capital-cost alternative to HPAL, Atmospheric leach
* Major resource review underway confirmed continuity of 0.8% Ni ore zones over a strike length of +5km
* Feasibility Study on expanded 3.5-4.5Mtpa heap leach project over 20 years
* Environmental surveys are well advanced
* Water Exploration has commenced

The project, which has the potential to become a significant long term, low cost nickel producer through the development of a Heap Leach project, is located in close proximity to established infrastructure such as railway, nickel refineries, established townships, natural gas pipeline and bitumen road access. The project is sited in a predominately flat arid environment is considered to be highly conducive to the development of a Heap Leach operation.

GOLD PROJECTS, WESTERN AUSTRALIA

GME and its subsidiary Golden Cliffs NL own a number of prospective gold projects in the Leonora Laverton region. The amount of work undertaken on the respective areas varies from soil sampling through to diamond drilling and resource definition.

The majority of the tenements that make up the gold assets are in the process of reversion, where new prospecting licenses have been applied for but are yet to be granted. Several new tenements were applied for that either adjoined existing holdings or were considered prospective for gold or base metals.

The Company is currently reviewing the structure of the gold assets in GME.

Mine For

gold, nickel

Location of operation(s)

Western Australia

Address

U 105 Westpoint Centre, 396 Scarborough Beach Rd
OSBORNE PARK, WA, AUSTRALIA

Phone

(61 8) 9444 4976

Email

Website


Last Updated

19/5/2011

 

The data on Australian Shares.com is intended as a guide only and is provided purely as an indication of what information can be found through official announcements. Data on this website should not be used to make an investment or trading decision. All information should be carefully cross-checked against official sources for accuracy. The publisher (Intaanetto Pty Ltd) will not be held liable for any loss arising from the use of this website.