News blog
African Eagle Resources
- BY: Andrew Hore |
- POSTED: 22/01/2010 |
African Eagle Resources has received the transport and nickel report on the Dutwa nickel project in Tanzania, which suggest that infrastructure improvements will help to reduce transport costs.
Transport costs were identified as a major cost of the project and reducing them will improve its viability. African Eagle will review its transport options.
The nickel price has almost doubled to $8.50 a pound in the past year.
African Eagle will complete resource drilling at neighbouring deposit Ngasamo and perform deposit modelling on Dutwa and Ngasamo. It will then publish measured and indicated resources for the deposits.
African Eagle is trying to sell its non-core Zambian copper and Tanzanian gold assets.
At 4.5p a share, up 0.375p on the day, which values the mining company at £13.4m.
© 2024 Aim Micro. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
- Browse by issue
- All issues
- Popular tags
- All tags
- AIM Micro feeds
Keep up to date with articles published at AIMMicro.com. Subscribe to AIM Micro RSS Feeds
|