Inspiration Mining

Welcome To The Inspiration Mining HUB On AGORACOM The company is exploring for nickel deposits on its Langmuir property near Timmins, Ontario; for nickel-gold-copper on its Cleaver and Douglas properties; and for molybdenum and rare earth elements at recently acquired Desrosiers property.

Home Videos Research Press Release Q&A Discussion

Threads Posts

Nickel cutoff at the McWatters Open Pit

Inspiration Mining

over 13 years ago

in response to nickel77's message

Nickel77 I went and had a look, it's on page 50 of the LBE AIF recently filed. Here's one snippet. Well we all know that Nickel price and exchange rate has increased nicely since the SRK Consulting report. There are also some tables on those two pages as well. It would seem the the mid .20's% is "doable" then?

"Shallow resources at McWatters are amenable to open pit extraction, whereas the deeper resources have the potential to be extracted by underground mining methods. Open pit resources are reported within a designed pit at a single cut-off of 0.27 percent nickel, whereas underground mining resources are reported at a cut off of 0.65 percent nickel, which is the cut-off Liberty management and SRK believe is achievable at future projected underground mining methods, volumes and associated costs."

Page 51:

"The in-situ mineral resources included into the mineral reserve estimate are based on cut-off grades of 0.25% Ni for the open pit, 0.54% Ni for sublevel-cave, and 0.63% Ni for cut and fill mining methods. A Ni price of US$7.00 per pound and an exchange rate of $1.00 CAD = $0.90 US was used in all calculations."