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Gold/Mining/Energy : Aurora Platinum Corp, ARP

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To: Bruce Robbins who wrote (67)1/11/2001 10:08:50 AM
From: jpthoma1  Read Replies (1) of 157
 
Found something. This is from a PR published in 1999 by DNI.

Falconbridge commenced production at Raglan in December 1997. The Raglan operation is an integrated mining, milling, transportation, and residential complex that was commissioned at a capital cost of CDN $580 million. The ore bodies at Raglan are high-grade nickel-copper-PGE sulphide deposits that occur in a narrow, east-trending corridor of ultramafic rocks known locally as the "Raglan Horizon". The largest sulphide deposits are Donaldson (3,510,000 tonnes @3.75% Ni, 0.83% Cu, 6.6 g/t PGE), Katinniq (8,970,000 tonnes @ 3.06% Ni, 0.89% Cu), Zone 2 (2,650,000 tonnes @ 2.62% Ni, 0.84% Cu) and Cross Lake (2,000,000 tonnes @ 2.06% Ni, 1.05% Cu, 5.95 g/t PGE) (Falconbridge, PDA, March 1999). The published reserve of the mining camp is 22.1 million tonnes grading 3.06% Ni, and 0.87% Cu. Although there are considerable amounts of PGE in the ores the average camp grade of PGE has not been published. The Raglan complex will produce 130,000 t/y of high grade nickel-copper concentrate containing 21,000 t of nickel, 5,000 t of copper, 200 t of cobalt and significant quantities of platinum group elements at a production of cost of US$1.50/lb of nickel. The operation is one of the world's lowest cost nickel producers (Mining Magazine, November 1998).

I think I'll trust that.

JP
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