GEOLOGY & RESOURCE
The Resource of 120 million tons at 1.11% Ni with 0.7% cut-off grade, in accordance with local Albanian classification. The deposit has 3 names named as Bitincka mining, Kokogllava mining, and Kapshtica mining located in Devolli and as a deposit called devolli nickel laterite deposit has an approximate borehole grid spacing of 100 x 100m and 80% of the deposit is surrounded by outcrop and tranches.
The resource potential has warranted further exploration to both confirm the full extent of the mineralization and to enable the resource to be defined in line with JORC standards.
There is a potential for expanding the mineralization and increasing the reserves in east part of the deposit.