Alaska Energy Metals updates MRE for nickel project

The newly-published 2024 MRE contains an addition of 813 million t of indicated resource, 896 million t of inferred resource, and a strip ratio decrease, when compared with the maiden resource published in 2023. The study was completed by Stantec Consulting Services, Inc., and includes 35 historical drill holes, the data for which the Company purchased in August 2023, and eight diamond drill holes (totalling 4138 m) drilled by the Company on the project in 2023.

Alaska Energy Metals President and CEO Gregory Beischer commented, “In less than a year, we have taken an exploration concept to a substantial deposit of nickel and other critical metals. The mineral resource estimate update has produced a 180% increase in the Inferred tonnage, and added substantial, new Indicated tonnage to the deposit. The update increases the nickel metal content of the deposit to over 8 billion lb with only a 0.01% grade decrease and a notably lower strip ratio. With this updated mineral resource estimate, the Eureka deposit of the Nikolai Nickel project represents a globally significant accumulation of nickel and has now become one of the larger known nickel deposits in the US. Nikolai could potentially become an important source of nickel for the US, catering to the needs of various manufacturing sectors including stainless steel, electric vehicles, defence components, long-term, grid-scale renewable energy storage batteries, and a myriad of other uses. This significant achievement speaks volumes to the hard work our team has put into the project over the past year. I am particularly encouraged by the delineation of a higher-grade core zone. The presence of this core zone could dramatically affect project economics in a positive way.”

Read the article online at: https://www.globalminingreview.com/mining/14022024/alaska-energy-metals-updates-mre-for-nickel-project/