Welcome to GME Resources Limited - an emerging Australian nickel company
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. Mining approval for a Small Mining Operation (SMO) proposal has been received from DMP. Mining scheduled to commence 4th May.
Optimisations on the trial pit, estimate that the mine will generate approximately 15,000–18,000 tonnes of high grade oxide and transitional ore at a strip ratio of less than 3:1.
Environmental permitting work and planning has commenced on an expansion of the mine to further develop the southern lode. Drilling results in trial mining demonstrate that high grade mineralisation continues to at least 40m below surface and indicates that there is strong potential to unlock significant value through a larger development.
29 June 2015 JORC Mineral Resource update of 475,000 tonnes at 2.98g/t Au for 45,500 ounces of gold at Devon Deposit announced. With 72% of ounces in Measured and Indicated categories, and robust high grade mineralisation within the resource. Potential for further upgrade exists, with only minimal drill testing below 100m vertical depth from surface.
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
During March 2015 quarter, geotechnical testwork on optimal agglomeration conditions and heap height was completed. Bulk heap leach column test work is still in progress. Neutralisation test work on locally source calcrete also commenced during the mar 2015 quarter.