Welcome to GME Resources Limited - an emerging Australian nickel company
GME Resources is a Perth-based nickel exploration company focused on the development of its 100%-owned NiWest Project, located in the Leonora district of Western Australia.
GME has the potential to become a nickel producer with its NiWest Project resource totalling over 100 million tonnes of ore containing over 1 million tonnes of nickel – making it one of the most exciting undeveloped laterite nickel projects in Australia.
The Company has recently completed a Scoping Study on the development of a Heap Leach DSX –EW plant capable of producing 14,000 tonnes of nickel cathode and 540 tonnes of cobalt carbonate per annum.
The project which has the potential to be the world’s first fully integrated Nickel Laterite Heap Leach project is estimated to cost $460m and has a mine life of over 20 years.
During December 2014 quarter, the NiWest metallurgical test program made Good progress in relation to the large scale metallurgical test work being undertaken at HRL laboratory in Brisbane. The aim of the program is to refine the proposed NiWest flow sheet that is based on the development of a nickel heap leaching operation coupled to a Direct Solvent Extraction – Electrowinning (HL-DSX-EW) processing facility.
Status of Head grade assay on 240 samples - completed to this stage:
- Average Grade - Mt Kilkenny ore – 1.29% Ni
- Average Grade - Hepi ore – 1.95% Ni
GME and its subsidiary Golden Cliffs NL own a number of prospective gold projects in the Leonora–Laverton region which have potential to provide near term cash flow.
During December 2014 quarter, work continued on the proposed development of the Devon gold mine. A Small Mining Operation (SMO) proposal has been lodged with DMP for the development of two shallow open pit mines that are expected to deliver approximately 10,000 – 15,000 tonnes of high grade gold ore. Approval for the development is expected to be received by the end of February.
An initial costeaning program of two three metre wide, deep trenches was undertaken to assist groundwater studies, determination of free dig component and collect bulk samples for crushing and screen test work. Results from the bulk sample program are expected in early February 15. A second phase of eight one metre wide, relatively shallow costeans was also completed focussed on improving the understanding of mineralisation partricularly the nature, geometry and precise location of the vein hosted high-grade gold component.