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DUKETON MINING LIMITED — Capital/Financing Update 2021
Nov 30, 2021
64774_rns_2021-11-30_1e59cb22-f0e4-44b9-95ec-7a2ab47a4532.pdf
Capital/Financing Update
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1[st] December 2021
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ASX Announcement
Deep drillholes deliver more Nickel, Copper and PGE’s
HIGHLIGHTS - Rosie Project (100% DKM)
Results have been received for the two deep drill holes at Rosie.
DKDD0028 - 3.32m @ 3.54% Ni 0.38% Cu & 3.02g/t Pt & Pd (4.86% NiEq*) DKDD0029 - 9.00m @ 1.05% Ni 0.14% Cu & 0.8g/t Pt & Pd
Inc. 2.8m @ 2.3% Ni 0.29% Cu & 1.77g/t Pt & Pd (3.05% NiEq*)
-
Both intersections are outside the current indicated resource
-
DHEM in hole 28 indicates likely significant continuation of mineralisation below and to the east of the intersection of nickel, copper, and PGE’s
-
Hole 29 was blocked and DHEM could not be completed.
-
Holes submitted for remaining elements of PGE’s suite (Rhodium, Ruthenium, Iridium, Osmium). Typically, Rosie has around 0.5g/t in the remaining PGE’s in addition to the Platinum and Palladium results.
-
DKM will update the market once final assays for remaining PGEs have been received.
-
Once all assays have been received an updated mineral resource estimate (MRE), stope optimisation and cash flow model will be completed.
*The NiEq number is calculated using the same parameters as the latest MRE (see ASX announcement 4 March 2021). Assumptions for the nickel equivalent prices, recovery and calculation are detailed in the attached JORC Table 1. The Company confirms that it is not aware of any new information or data that materially affects the information included in the original market announcement and that all material assumptions and technical parameters underpinning the estimates in the announcement continue to apply and have not materially changed.
Stuart Fogarty, Duketon Mining Managing Director said; “ These significant intersections below
the deeper parts of the mineral resource show the potential and pedigree of the Rosie resource. These intersections in addition to the accompanying geology and down hole EM indicate that there is significant potential for the resource to continue to grow with more drilling. The unique amount of PGE’s within this deposit is a significant value addition as we have
Duketon Mining Limited ACN 159 084 107 Level 2 25 Richardson Street West Perth WA 6005 T: +61 8 6315 1490
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already proved that these are extractable into a concentrate with the nickel and copper or via a gravity circuit.
I look forward to the remaining PGE’s assays and the additions that these will add to the already impressive looking intersections.”
Duketon Mining Ltd ( ASX: DKM , “Duketon” or “the Company” ) is pleased to announce assay results have been received for the two remaining diamond holes drilled at the Rosie Nickel Deposit.
Table 1: Significant Intercept Table (Significant intercepts are 1m >4000 ppm Ni, maximum internal dilution of 2 metres, intersections are downhole widths.)
| Hole ID | Depth From (m) |
Depth To (m) |
Intercept Width (m) |
Ni % | Cu % | Pt + Pd (g/t) |
Comments |
|---|---|---|---|---|---|---|---|
| DKDD0028 | 542 | 543 | 1 | 0.45 | 0.05 | 0.32 | [email protected]% Ni 0.05% Cu & 0.32g/t Pt & Pd |
| and | 550.86 | 554.18 | 3.32 | 3.54 | 0.38 | 3.02 | 3.32m@ 3.54% Ni 0.38% Cu & 3.02g/t Pt & Pd |
| DKDD0029 | 529 | 538 | 9 | 1.05 | 0.14 | 0.8 | 9m@ 1.05% Ni 0.14% Cu & 0.8g/t Pt & Pd |
| inc. | 533 | 535.8 | 2.8 | 2.3 | 0.29 | 1.77 | 2.8m@ 2.3% Ni 0.29% Cu & 1.77g/t Pt & Pd |
| and | 538.8 | 541.8 | 3 | 0.43 | 0.09 | 0.32 | [email protected]% Ni 0.09% Cu & 0.32g/t Pt & Pd |
| and | 548.2 | 550.57 | 2.37 | 0.4 | 0.09 | 0.29 | [email protected]% Ni 0.09% Cu & 0.29g/t Pt & Pd |
Drill hole DKDD0028 has returned a strong interval of nickel and platinum-palladium mineralisation at the deepest point in the south-eastern area of the Rosie deposit (approximately 490m below the surface). Down hole electromagnetic (DHEM) surveying of this hole has indicated that there is likely significant continuation of mineralisation below and to the east of the hole (see ASX announcement 27 October 2021). The modelled plates show the most conductive mineralisation is seen to extend a significant distance from the drillhole, at least 100 metres below and to the east. The very long wavelength anomaly is not fully defined by the hole suggesting mineralisation could extend even further than this but cannot be modelled without deeper drilling.
Duketon Mining Limited ACN 159 084 107 Level 2 25 Richardson Street West Perth WA 6005 T: +61 8 6315 1490
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Table 2: DKDD0028 – Assays, Lithology and Mineralisation
| From (m) |
To (m) | Interval (m) |
Ni % | Cu % | Pt + Pd g/t |
Style of Mineralisation |
|---|---|---|---|---|---|---|
| 538 | 550.86 | 12.86 | 0.30 | 0.03 | 0.2 | 3% disseminated sulphides(po-pn) in ultramafic |
| 550.86 | 552 | 1.14 | 2.19 | 0.19 | 2.2 | 20% heavily disseminated sulphides (po-pn) in ultramafic |
| 552 | 552.73 | 0.73 | 7.12 | 0.80 | 4.6 | 60% semi massive sulphides(po-pn- cp) in ultramafic |
| 552.73 | 552.98 | 0.25 | 8.22 | 0.84 | 8.4 | 90% massive sulphides (po-pn-cp) |
| 552.98 | 553.19 | 0.21 | 2.22 | 0.59 | 3.0 | 25% blebby and stringer sulphides (po-pn-cp) in ultramafic |
| 553.19 | 553.3 | 0.11 | 8.03 | 0.69 | 7.1 | 90% massive sulphides(po-pn) |
| 553.3 | 553.72* | 0.43 | 0.25 | 0.04 | 0.2 | footwall basalt |
| 553.72* | 554.18 | 0.45 | 1.18 | 0.09 | 1.2 | 10% heavily disseminated sulphides (po-pn) in footwall basalt |
Note: po = pyrrhotite, pn = pentlandite, cp = chalcopyrite and py = pyrite.
*** Interval previously reported as 553.76m (see ASX announcement 16 August 2021)**
Duketon Mining Limited ACN 159 084 107 Level 2 25 Richardson Street West Perth WA 6005 T: +61 8 6315 1490
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8.22% Ni, 0.84% Cu &
8.4g/t Pt + Pd
7.12% Ni, 0.80% Cu &
4.6g/t Pt + Pd
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Figure 1: Semi-massive sulphides in drillhole DKDD0028.
Drill hole DKDD0029 has returned a wide interval of nickel mineralisation at the deepest southeastern point of the deposit. Along this south-eastern margin the mineralisation appears to be consistently wider that in other portions of the deposit with down hole widths exceeding 9m. Unfortunately, hole DKDD0029 was blocked and DHEM surveying could not be completed. The nickel mineralisation represents a typical deposit profile (disseminated – matrix – massive sulphides) with mineralisation (1.30% Ni) extending into the basalt footwall sequence approximately 10m below the contact.
Duketon Mining Limited ACN 159 084 107 Level 2 25 Richardson Street West Perth WA 6005 T: +61 8 6315 1490
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Table 3: DKDD0029 – Assays, Lithology and Mineralisation
| From (m) |
To (m) | Interval (m) |
Ni % | Cu % | Pt + Pd g/t |
Style of Mineralisation |
|---|---|---|---|---|---|---|
| 518 | 520 | 2 | 0.29 | 0.03 | 0.2 | 5% disseminated sulphides(po-pn-py) in ultramafic |
| 520 | 529 | 9 | 0.28 | 0.03 | 0.2 | 1% disseminated sulphides(po-pn) in ultramafic |
| 529 | 530 | 1 | 0.47 | 0.06 | 0.4 | 15% heavily disseminated sulphides(po-pn) in ultramafic |
| 530 | 533 | 3 | 0.39 | 0.04 | 0.3 | 5% disseminated sulphides(po-pn-py) in ultramafic |
| 533 | 534.75 | 1.75 | 1.49 | 0.18 | 0.6 | 25% heavily disseminated sulphides(po-pn-py) in ultramafic |
| 534.75 | 535.2 | 0.45 | 5.58 | 0.76 | 6.0 | 75% massive sulphides(po-pn-cp) in ultramafic |
| 535.2 | 535.8 | 0.6 | 2.20 | 0.26 | 1.9 | 25% heavily disseminated and stringer sulphides (po-pn) in ultramafic |
| 535.8 | 540.1* | 4.3 | 0.59 | 0.08 | 0.5 | 2% disseminated sulphides (po-pn)in ultramafic |
| 540.1* | 540.96 | 0.86 | 0.14 | 0.02 | 0.1 | mafic schist |
| 540.96 | 541.8 | 0.84 | 0.43 | 0.20 | 0.1 | 20% blebby sulphides (po-pn-cp)in footwall basalt |
| 541.8 | 550.33 | 8.53 | 0.19 | 0.03 | 0.2 | footwall basalt |
| 550.33 | 550.57 | 0.24 | 1.30 | 0.05 | 0.3 | 40% semi-massive sulphides(po-pn-py) in footwall basalt |
Note: po = pyrrhotite, pn = pentlandite, cp = chalcopyrite and py = pyrite.
*Interval previously reported as 540.35m (see ASX Announcement 26 August 2021)
Duketon Mining Limited ACN 159 084 107 Level 2 25 Richardson Street West Perth WA 6005 T: +61 8 6315 1490
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1.49% Ni, 0.18% Cu &
0.6g/t Pt + Pd
5.58% Ni, 0.76% Cu
& 6.0g/t Pt + Pd
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Figure 2: The intersection of heavily disseminated and massive sulphide in DKDD0029.
Duketon Mining Limited ACN 159 084 107 Level 2 25 Richardson Street West Perth WA 6005 T: +61 8 6315 1490
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The significant intersections are currently being assayed for the full suite of platinum group elements (PGEs) and DKM will update the market with final assays once the remaining PGEs (Rhodium, Ruthenium, Iridium, Osmium) have been received. These drillholes have significantly increased the confidence of the continuity and grade of the mineralisation in the South-Eastern area of the Rosie resource.
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Figure 3: Long Section of Rosie
Duketon Mining Limited ACN 159 084 107 Level 2 25 Richardson Street West Perth WA 6005 T: +61 8 6315 1490
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Figure 4: Cross Section of DKDD0028.
Duketon Mining Limited ACN 159 084 107 Level 2 25 Richardson Street West Perth WA 6005 T: +61 8 6315 1490
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Figure 5: Cross Section of DKDD0029
Duketon Mining Limited ACN 159 084 107 Level 2 25 Richardson Street West Perth WA 6005 T: +61 8 6315 1490
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Figure 6: Stope grade heat map with areas of drilling
Duketon Mining Limited ACN 159 084 107 Level 2 25 Richardson Street West Perth WA 6005 T: +61 8 6315 1490
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Figure 7: Plan of DKM Tenements showing Nickel Resources and Prospects
Duketon Mining Limited ACN 159 084 107 Level 2 25 Richardson Street West Perth WA 6005 T: +61 8 6315 1490
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Table 4: Drillhole collar details
| Hole ID | Easting (MGA 94 Z51) |
Northing (MGA 94 Z51) |
Nominal RL (m) |
Dip (°) | Azimuth (mag °) |
Total Depth (m) |
|---|---|---|---|---|---|---|
| DKDD0028 | 402703 | 6943510 | 540 | -60 | 0 | 579 |
| DKDD0029 | 402799 | 6943491 | 540 | -60 | 0 | 576 |
Authorised for release by: Stuart Fogarty
Duketon Mining Limited - Managing Director +61 8 6315 1490
Competent Person Statement:
The information in this report that relates to exploration results is based on information compiled by Ms Kirsty Culver, Member of the Australian Institute of Geoscientists (AIG) and an employee of Duketon Mining Limited. Ms Culver has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity that is being undertaken to qualify as a competent person as defined in the JORC Code 2012.Ms Culver consents to the inclusion in the report of the matters based on the information in the form and context in which it appears.
This announcement includes information extracted from the Company’s previous ASX announcements, which are available to view on the Company’s website (www.duketonmining.com.au) as follows:
22m of Sulphide Mineralisation Intersected below Rosie SthE - ASX announcement dated 26 August 2021
16m of Sulphide Mineralisation Intersected below Rosie South East – ASX announcement dated 16 August 2021
Quarterly Activities/Appendix 5B Cash Flow Report – ASX Announcement dated 27 October 2021.
Increase to Nickel Equivalent Grade for Rosie Resource – ASX announcement dated 4 March 2021.
Rosie Scoping Study – ASX announcement dated 28 April 2021.
In the case of the ASX announcement dated 4[th] March (referring to the Rosie Resource), the Company confirms that it is not aware of any new information or data that materially affects the information included in the original market announcement and that all material assumptions and technical parameters underpinning the estimates in the announcement continue to apply and have not materially changed.
In the case of the Rosie Scoping Study, the Company confirms that it is not aware of any new information or data that materially affects the information included in the original market announcement and that all material assumptions underpinning the production target, or the financial information derived from the production target in the relevant market announcement continue to apply and have not materially changed. The Company confirms that the form and context that the Competent Person’s findings are represented have not been materially modified from the original market announcement.
Duketon Mining Limited ACN 159 084 107 Level 2 25 Richardson Street West Perth WA 6005 T: +61 8 6315 1490
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JORC Table 1
JORC Code, 2012 Edition – Table 1 report – Duketon Project
Section 1 Sampling Techniques and Data – Rosie Diamond Drilling
(Criteria in this section apply to all succeeding sections.)
| Criteria | JORC Code explanation | Commentary |
|---|---|---|
| Sampling | • Nature and quality of sampling (eg cut channels, random chips, or | •Diamond core was drilled triple tube HQ to competent rock and then |
| techniques | specific specialised industry standard measurement tools appropriate | NQ2 to end of hole. |
| to the minerals under investigation, such as down hole gamma | •The sample interval is cut in half using a diamond core saw and half | |
| sondes, or handheld XRF instruments, etc). These examples should | core sampled for assay. Each sample provides between 2.0-3.0kg of | |
| not be taken as limiting the broad meaning of sampling. | material. The core is cut to the left of the orientation line, with the | |
| • Include reference to measures taken to ensure sample representivity | same half sampled to ensure sample is representative. | |
| and the appropriate calibration of any measurement tools or systems | •Diamond core is sampled to geological boundaries, no greater than | |
| used. | 1m and no less than 20cm per sample. | |
| • Aspects of the determination of mineralisation that are Material to the | •Certified samples and blanks are routinely added to every batch of | |
| Public Report. | samples. | |
| • In cases where ‘industry standard’ work has been done this would be | •Mineralisation is determined qualitatively by geological logging and | |
| relatively simple (eg ‘reverse circulation drilling was used to obtain 1 | quantitatively through assaying. | |
| m samples from which 3 kg was pulverised to produce a 30 g charge | ||
| for fire assay’). In other cases more explanation may be required, | ||
| such as where there is coarse gold that has inherent sampling | ||
| problems. Unusual commodities or mineralisation types (eg | ||
| submarine nodules) may warrant disclosure of detailed information. | ||
| Drilling | • Drill type (eg core, reverse circulation, open-hole hammer, rotary air | •Rock roll or rough core to refusal then diamond drilling using triple |
| techniques | blast, auger, Bangka, sonic, etc) and details (eg core diameter, triple | tube HQ3 (61.1mm) sized core to competent rock and then NQ2 |
| or standard tube, depth of diamond tails, face-sampling bit or other | (50.6mm) to end of hole. | |
| type, whether core is oriented and if so, by what method, etc). | •Core is oriented using a Boart Longyear TruCore UPIX orientation | |
| tool. |
Duketon Mining Limited ACN 159 084 107
Level 2 25 Richardson Street West Perth WA 6005 T: +61 8 6315 1490
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| Criteria | JORC Code explanation | Commentary |
|---|---|---|
| Drill sample | • Method of recording and assessing core and chip sample recoveries | •Recoveries qualitatively noted at the time of drilling and recorded. |
| recovery | and results assessed. | •Core is metre marked and orientated. Recoveries are recorded. |
| • Measures taken to maximise sample recovery and ensure | •Triple tube HQ is used to maximise recovery through the weathered | |
| representative nature of the samples. | zone and ensure a representative sample. | |
| • Whether a relationship exists between sample recovery and grade | ||
| and whether sample bias may have occurred due to preferential | ||
| loss/gain of fine/coarse material. | ||
| Logging | • Whether core and chip samples have been geologically and | •All core is logged to a level of detail to support future use in a mineral |
| geotechnically logged to a level of detail to support appropriate | resource calculation. | |
| Mineral Resource estimation, mining studies and metallurgical | •Qualitative: Lithology, alteration, mineralisation. | |
| studies. | •Quantitative: Vein percentage, sulphide percentage. | |
| • Whether logging is qualitative or quantitative in nature. Core (or | •All holes for their entire length are logged. | |
| costean, channel, etc) photography. | •All core is photographed. | |
| • _The total length and percentage of the relevant intersections logged. _ | ||
| Sub- | • If core, whether cut or sawn and whether quarter, half or all core | •The core is cut using an automatic core saw, half core is sampled. |
| sampling | taken. | •The entire sample (approx. 2kg) is dried, pulverised to 85% passing |
| techniques | • If non-core, whether riffled, tube sampled, rotary split, etc and | 75µm. |
| and sample | whether sampled wet or dry. | •Pulp duplicates are taken at the pulverising stage and selective |
| preparation | • For all sample types, the nature, quality and appropriateness of the | repeats conducted at the laboratory’s discretion. |
| sample preparation technique. | •Sample sizes are considered appropriate for the grainsize of the | |
| • Quality control procedures adopted for all sub-sampling stages to | material sampled. | |
| maximise representivity of samples. | ||
| • Measures taken to ensure that the sampling is representative of the in | ||
| situ material collected, including for instance results for field | ||
| duplicate/second-half sampling. | ||
| • Whether sample sizes are appropriate to the grain size of the material | ||
| being sampled. | ||
| Quality of | • The nature, quality and appropriateness of the assaying and | •Samples are analysed using a Fire Assay 40g charge with MS finish |
| assay data | laboratory procedures used and whether the technique is considered | for Au, Pt & Pd and a multi-acid digest with ICP-AES finish for 17 |
| and | partial or total. | elements. |
| • For geophysical tools, spectrometers, handheld XRF instruments, etc, | •This techniqueisindustry standardfor nickeland considered |
Duketon Mining Limited ACN 159 084 107
Level 2 25 Richardson Street West Perth WA 6005 T: +61 8 6315 1490
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| Criteria | JORC Code explanation | Commentary |
|---|---|---|
| laboratory | the parameters used in determining the analysis including instrument | appropriate. |
| tests | make and model, reading times, calibrations factors applied and their | •Samples are analysed for the following elements: Al, As, Au, Ca, Co, |
| derivation, etc. | Cr, Cu, Fe, K, Mg, Na, Ni, Pd, Pt, S, Sc, Ti, V, Zn, Zr | |
| • Nature of quality control procedures adopted (eg standards, blanks, | •Selected samples are also analysed using a Fire Assay 25g charge | |
| duplicates, external laboratory checks) and whether acceptable levels | with MS finish for Au, Pt, Pd, Rh, Ru, Os, Ir to a 1ppb detection limit. |
|
| of accuracy (ie lack of bias) and precision have been established. | •Certified Reference Material (Standards) and blanks were submitted | |
| with batches. | ||
| Verification | • The verification of significant intersections by either independent or | •All data is checked internally for correctness by senior DKM |
| of sampling | alternative company personnel. | geological and corporate staff. |
| and | • The use of twinned holes. | •All data is collected via Ocris software and uploaded into the DKM |
| assaying | • Documentation of primary data, data entry procedures, data | Datashed Database following validation. |
| verification, data storage (physical and electronic) protocols. | •No adjustments are made to assay data. | |
| • _Discuss any adjustment to assay data. _ | •No twinnedholeshave beendrilled to date. | |
| Location of | • Accuracy and quality of surveys used to locate drill holes (collar and | •All location points are collected using a handheld GPS in MGA 94 – |
| data points | down-hole surveys), trenches, mine workings and other locations | Zone 51 |
| used in Mineral Resource estimation. | •Downhole surveying (azimuth and dip of the drillhole) of diamond | |
| • Specification of the grid system used. | drillholes was measured by the drilling contractors using an Axis | |
| • Quality and adequacy of topographic control. | Champ Gyro tool. | |
| •A topographic surface has been created from airborne geophysical | ||
| data. Drillholes are corrected to this surface. | ||
| Data spacing | • Data spacing for reporting of Exploration Results. |
•Current drillhole spacing ranges from 30m x 30m up to 100m x 100m |
| and | • Whether the data spacing and distribution is sufficient to establish the | in parts. Holes drilled in this program aim to close the spacing down |
| distribution | degree of geological and grade continuity appropriate for the Mineral | to approximately 50m x 50m in the Upper North area. |
| Resource and Ore Reserve estimation procedure(s) and | •Sample compositing has been applied. | |
| classifications applied. | ||
| • _Whether sample compositing has been applied. _ | ||
| Orientation | • Whether the orientation of sampling achieves unbiased sampling of | •The orientation of the geology and mineralization at Rosie is steeply |
| of data in | possible structures and the extent to which this is known, considering | dipping to the south to south-west and striking NNW to W. |
| relation to | the deposit type. | |
| • If the relationship between the drilling orientation and the orientation | ||
| of key mineralised structures is considered to have introduced a |
Duketon Mining Limited ACN 159 084 107 Level 2 25 Richardson Street West Perth WA 6005 T: +61 8 6315 1490
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| Criteria | JORC Code explanation | Commentary |
|---|---|---|
| geological | sampling bias, this should be assessed and reported if material. | |
| structure | ||
| Sample | • The measures taken to ensure sample security. | •Chain of custody is managed by company representatives and is |
| security | considered appropriate. All samples are bagged in a tied numbered | |
| calico bag, grouped into larger polyweave bags and cable tied. | ||
| Polyweave bags are placed into larger bulky bags with a sample | ||
| submission sheet and tied shut. Consignment note and delivery | ||
| address details are written on the side of the bag and delivered to Toll | ||
| in Laverton. The bags are delivered directly to Bureau Veritas in | ||
| Canning Vale, WA who are NATA accredited for compliance with | ||
| ISO/IEC17025:2005. | ||
| Audits or | • The results of any audits or reviews of sampling techniques and data. | •No external audits or reviews have been conducted apart from |
| reviews | internal company review. |
Section 2 Reporting of Exploration Results
(Criteria listed in the preceding section also apply to this section.)
| Criteria | JORC Code explanation | Commentary |
|---|---|---|
| Mineral | • Type, reference name/number, location and ownership including | •The tenement (M38/1252) is 100% owned by Duketon Mining Limited |
| tenement and | agreements or material issues with third parties such as joint | and is in good standing and there are no known impediments to |
| land tenure | ventures, partnerships, overriding royalties, native title interests, | obtaining a licence to operate in the area. |
| status | historical sites, wilderness or national park and environmental | |
| settings. | ||
| • The security of the tenure held at the time of reporting along with | ||
| any known impediments to obtaining a licence to operate in the | ||
| area. |
Duketon Mining Limited ACN 159 084 107 Level 2 25 Richardson Street West Perth WA 6005 T: +61 8 6315 1490
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| Criteria | JORC Code explanation | Commentary |
|---|---|---|
| Exploration | • Acknowledgment and appraisal of exploration by other parties. | •Previous drilling at The Bulge Complex was completed by |
| done by other | Independence Group (IGO) and South Boulder Mines Ltd. This work | |
| parties | has been checked for quality as far as possible and formed the basis | |
| of the follow-up conducted as part of the drilling programme | ||
| presented. | ||
| Geology | • Deposit type, geological setting and style of mineralisation. | •The Rosie Nickel Deposit is a komatiite-hosted nickel sulphide |
| deposit. The mineralisation is characterised by accumulations of | ||
| massive, matrix, breccia and disseminated sulphides at the basal | ||
| contact overlying a basalt footwall. | ||
| Drill hole | • A summary of all information material to the understanding of the | •Significant intercepts are provided in a table within the text of this |
| Information | exploration results including a tabulation of the following information | announcement. |
| for all Material drill holes: | ||
o easting and northing of the drill hole collar |
||
o elevation or RL (Reduced Level – elevation above sea level in |
||
| metres) of the drill hole collar | ||
o dip and azimuth of the hole |
||
o down hole length and interception depth |
||
o hole length. |
||
| Data | • In reporting Exploration Results, weighting averaging techniques, | •No top-cuts have been applied when reporting results. |
| aggregation | maximum and/or minimum grade truncations (eg cutting of high | •First assay from the interval in question is reported (i.e. Ni1). |
| methods | grades) and cut-off grades are usually Material and should be | •Aggregate sample assays calculated using a length weighted |
| stated. | average. | |
| • Where aggregate intercepts incorporate short lengths of high grade | •Significant grade intervals are based on intercepts > 4000ppm nickel. | |
| results and longer lengths of low grade results, the procedure used | •NiEq has been calculated with the following prices (US $) and | |
| for such aggregation should be stated and some typical examples of | recoveries for Pentlandite (P) and Violarite (V): |
|
| such aggregations should be shown in detail. | • Ni $8.00/lb., P = 96.9%, V = 88.7% |
|
| • The assumptions used for any reporting of metal equivalent values | • Cu $3.65/lb., P = 99.5%, V = 94.5% |
|
| should be clearly stated. | • Co $15.30/lb., P = 95.1%, V = 88.5% |
|
| • Pt $1,100/oz., P = 78.2%, V = 57.6% |
||
| • Pd$2,300/oz.,P = 97.6%,V = 87.3% |
Duketon Mining Limited ACN 159 084 107 Level 2 25 Richardson Street West Perth WA 6005 T: +61 8 6315 1490
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| Criteria | JORC Code explanation | Commentary |
|---|---|---|
| • Rh $15,500/oz., P = 83.4%, V = 64.8% |
||
| •The calculation for the pentlandite domain is: NiEq = Ni% + (Cu% * | ||
| 0.995 * (3.65/8.00)) + (Co% * 0.951 * (15.30/8.00)) + (Pt% * 0.782 * | ||
| (1100 * 14.583/8.00)) + (Pd% * 0.976 * (2300 * 14.583/8.00)) + (Rh% | ||
| * 0.834 * (15500 * 14.583/8.00)) | ||
| •The calculation for the violarite domain is: NiEq = Ni% + (Cu% * 0.945 | ||
| * (3.65/8.00)) + (Co% * 0.885 * (15.30/8.00)) + (Pt% * 0.576 * (1100 * | ||
| 14.583/8.00)) + (Pd% * 0.873 * (2300 * 14.583/8.00)) + (Rh% * 0.648 | ||
| *(15500 * 14.583/8.00)) | ||
| Relationship | • If the geometry of the mineralisation with respect to the drill hole | •Downhole length is reported for the drillholes. |
| between | angle is known, its nature should be reported. | |
| mineralisation | • If it is not known and only the down hole lengths are reported, there |
|
| widths and | should be a clear statement to this effect (eg ‘down hole length, true | |
| intercept | width not known’). | |
| lengths | ||
| Diagrams | • Appropriate maps and sections (with scales) and tabulations of | •Refer to figures in document. |
| intercepts should be included for any significant discovery being | ||
| reported These should include, but not be limited to a plan view of | ||
| drill hole collar locations and appropriate sectional views. | ||
| Balanced | • Where comprehensive reporting of all Exploration Results is not | •All drillhole locations are reported and a table of significant intervals is |
| reporting | practicable, representative reporting of both low and high grades | provided in the release text. |
| and/or widths should be practiced to avoid misleading reporting of | ||
| Exploration Results. | ||
| Other | • Other exploration data, if meaningful and material, should be | •Refer to document. |
| substantive | reported including (but not limited to): geological observations; | |
| exploration | geophysical survey results; geochemical survey results; bulk | |
| data | samples – size and method of treatment; metallurgical test results; | |
| bulk density, groundwater, geotechnical and rock characteristics; | ||
| potential deleterious or contaminating substances. |
Duketon Mining Limited ACN 159 084 107 Level 2 25 Richardson Street West Perth WA 6005 T: +61 8 6315 1490
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| Criteria | JORC Code explanation | Commentary |
|---|---|---|
| Further work | • The nature and scale of planned further work (eg tests for lateral | •A discussion of further work underway is contained within the body to |
| extensions or depth extensions or large-scale step-out drilling). | this ASX release. | |
| • Diagrams clearly highlighting the areas of possible extensions, | ||
| including the main geological interpretations and future drilling | ||
| areas, provided this information is not commercially sensitive. |
Duketon Mining Limited ACN 159 084 107 Level 2 25 Richardson Street West Perth WA 6005 T: +61 8 6315 1490