Widgiemooltha a golden brace as Mincor revives nickel

10th August 2018
Resources Rising Stars

Mincor Resources managing director Peter Mucilli says the miner’s newly minted Widgiemooltha gold mine remains an important asset despite the Kambalda company reviving its famed nickel business on the back of improved prices (reports The West Australian).

Mincor poured its first gold bar last month, having developed the gold project when the nickel price hit rock-bottom in 2016.

Mr Mucilli said on the sidelines of the Diggers and Dealers mining forum in Kalgoorlie-Boulder the company would consider options for the gold project as its nickel inventory grows, having announced the first new resource in the region in several years last week at its high-grade Cassini discovery.

“The gold story was appropriate for a counter-cyclical story at the time, but we’ll reassess that at every quarter,” he said.

“I don’t think that’s in isolation for any company anywhere, every asset is not for sale and for sale at the right price.

“Right now, all I know is building up a gold resource and reserves in the Eastern Goldfields is an important asset, we can mine it ourselves and we have options.

“We haven’t really progressed it more from that point.”

Mincor is progressing scoping studies on its Cassini and Durkin North deposits over the coming months, with Mr Mucilli saying a decision to mine nickel again could be made as soon as late 2019 depending on the results of its feasibility study.

 

Image: Simon Santi, Kalgoorlie Miner

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