The company has unveiled a new preliminary economic assessment (PEA) with an updated resource estimate identifying almost 1.3 billion tonnes of indicated ore
at a grade of 28.38 per cent, enough for a 30-year mine life.
Early indications from ore samples at shallow depths have indicated ore
grades well above the expected leves at this site, but we will remain patient." -Mr Wei Feng, China Resources International President.
Nevsun had proposed to develop an exploration decline to access the drill indicated ore
zones approximately 50 m below surface.
The work resulted in an increase in the indicated ore
resource to around 170 Mt at a nickel grade of 0.29% and a copper grade of 0.20%, containing a reserve of 48 Mt at 0.59% nickel and 0.34% copper.
The deposit has 8.2 Mt of measured and indicated ore
grading 18.4% zinc, 8.4% lead and 125 g/t silver.