Nordic Nickel published an updated MRE for its Hotinvaara prospect following an extensive drilling campaign in 2023. The new estimate amounts to 418Mt @ 0.21% Ni, 0.01% Co and 53ppm Cu for a total of 862800t contained nickel, 40000t contained cobalt and 22100t contained Cu. According to the company, some 460000t of the contained nickel sits within 250m of the surface and previous test work indicated that 83-94% of the total nickel is contained in sulfides. Going forward, the company plans to further evaluate the disseminated mineralization through additional metallurgical test work and continue exploration for potential higher-grade targets of the mineralized system.
Comparison of the 2022 and 2024 Hotinvaara Mineral Resource outline (Source: www.nordicnickel.com)
