1.13P

Wo Wo Gap Nickel Project

Wo Wo Gap Nickel Project

Wo Wo Gap

Key Facts

Nickel-Cobalt Deposit
Located in Southeastern Papua New Guinea
JORC Resource of 125 million tonnes @ 01.06% Ni and 00.07% Co (1.33 million tonnes nickel + 83k tonnes of cobalt)
EL1165 - 28 Sub Blocks Totaling 94.4km2

Overview

Corcel owns 100% of the Wo Wo Gap Nickel Project in Papua New Guinea.ย  Current objectives include upgrading the JORC Resource Estimate and applying for a Mining Lease supporting a DSO operation.

 

Overview

Corcel owns 100% of the Wo Wo Gap Nickel Project in Papua New Guinea.ย  Current objectives include upgrading the JORC Resource Estimate and applying for a Mining Lease supporting a DSO operation.

 

MINERAL RESOURCE ESTIMATE
(JORC COMPLIANT - 2004)

 

Wo Wo Gap MT Nickel % Cobalt %
Indicated 72 1.03 0.07
Inferred 53 1.09 0.06
Total 125 1.06 0.07
Contained Metal (KT) - 1325 83

Location and Geology

The Wowo Gap project is located at the Southeastern end of the Papuan Ultramafic Belt, a complex of peridotite, pyroxenite and gabbro, which form the prominent east-west trending Didana Range, approximately 160km east of Port Moresby.

The project hosts 125 Million tonnes @ 1.06 per cent Ni and 0.07 per cent Co Indicated Resource Estimate (JORC 2004) within the laterite profile based on drilling along the 12-kilometre strike length.

The nickel mineralisation is associated with a laterite weathering profile developed over the underlying ultramafic geology, which has resulted in the enrichment of nickel, cobalt, iron, chromium, magnesium and magnesite.

A complete lateritic profile is preserved, with partial truncation associated with recent drainage systems. The depth of lateritic weathering varies according to rock type and the degree of structural brecciation. The lateritic profile is typically 10 to 15 metres thick, occasionally more than 20 metres.

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