Resource Mining Corporation has boosted its initial nickel-cobalt resource to 42.1 million tonnes at its Ruossakero deposit within the large Ruossakero Reserve in the north-western edge of Finland.
The significant resource has been confirmed to contain 168.4 Kt of nickel, and 6.7 Kt of cobalt JORC 2012 compliant Mineral Resource Estimate (ASX: MRE), independently estimated and approved by Snowden Optiro.
Extensive areas of komatiitic geology remain underexplored within the permit area, and a recent desktop review highlighted intercepts of 0.89% Ni and 3.15% Cu that are yet to be thoroughly tested.
The recent field survey has identified the widespread presence of sulphides within the Archaean-aged host rocks.
The review and re-estimation defined an MRE by the JORC Code (2012) reporting guidelines of 42.1Mt @ 0.40%Ni (at Ni cut-off 0.30%Ni), and 0.005%Cu, 0.016%Co, 0.554%S.
“We are incredibly pleased with this outcome, as it represents a significant resource in its own right and provides a solid foundation to grow something larger.
“Its location with Finland is ideal, given the nation is Europe’s largest nickel producer and is positioning itself as a critical provider to the European battery metals supply chain.
“With RMI only recently acquiring the Finnish assets, this resource represents deep value for shareholders and offers significant potential in a brownfield setting within a progressive jurisdiction.”
About Resource Mining
Resource Mining Corporation Limited engages in mineral exploration activities. The company explores nickel, lithium, and cobalt deposits. It is interested in the Kabulwanyele nickel project comprising two granted licenses covering an area of approximately 20.5 square kilometres in Tanzania. The company can acquire 100% interest in Finland’s El, Hirvikallio Lithium, and Kola Lithium projects. The Massive Nickel project comprises Roussakero Nick of the Kabanga North Nickel, Kapalagula, and Southern projects in Tanzania. Resource Mining Corporation Limited was incorporated in 1984 and is based in West Perth, Australia.
