Prior to 2008, the Savannah Mineral Resource was only reported for the Upper Zone mineralisation above the 500 Fault. Drilling to test the Savannah Lower Zone Resource below the 500 Fault commenced in February 2008. By June 2008, the Company had reported a Lower Zone Resource of 20,700 tonnes contained nickel.
In June 2009, the Company reported that the Savannah Lower Zone Resource had increased significantly to 3.4 million tonnes at 1.48% nickel for 50,120 tonnes contained nickel. The new resource represents a 142% increase in contained nickel compared to the 30 June 2008 Lower Zone Resource and incorporates all mineralisation below the 500 Fault down to a depth of approximately 900 metres below surface.
The breakdown of the 2009 Savannah Resource is as follows:
• Savannah Upper Zone Resource - 42,680 tonnes contained nickel
• Savannah Lower Zone Resource - 50,120 tonnes contained nickel
Importantly, the total Savannah Resource now stands at 92,800 tonnes contained nickel which should support production out towards 2020. Mining studies are currently underway to update the Savannah Reserve.
Savannah Project Resources & Reserves – click to view