Sudbury Saturday Night -- Nickel Mining & Nickel Prices Message Board

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Gold/Mining/Energy : Sudbury Saturday Night -- Nickel Mining & Nickel Prices

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To: LoneClone who wrote (512)	3/27/2007 10:19:02 AM
From: LoneClone	Read Replies (1) of 9207

Focus Minerals in a hurry to restart WA Nepean nickel mine Source: Hoovers metalsplace.com Australia's Focus Minerals Ltd. (FML.AU) said Tuesday it plans to restart mining operations at its Nepean nickel project near Coolgardie hamlet in Western Australia state within the next 12 months. "Focus anticipates completing feasibility work on the project in the September 2007 quarter, with the aim of commencing mine development early in 2008," the company said in a statement. The project is based on an inferred resource of 409,000 metric tons of ore grading 2.38% nickel, it said in a statement. The statement didn't specify a mining rate. The Nepean mine produced about 2,000 tons of metal a year for 17 years until it ceased operations in 1987 from ore grading 3.0% metal. A preliminary study indicated the project could produce "a significant return" at nickel prices now ranging between A$50,000/ton and A$60,000/ton – historically high levels that reflect a tight global nickel market.

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