Rox declares maiden resource at Olympia

PERTH (miningweekly.com) – Base and precious metals explorer Rox Resources has reported a maiden inferred resource of 573 000 t, grading 1.63% nickel, 1.19% copper and 0.082% cobalt for its Olympia nickel-copper-cobalt-platinum group metal deposit in Western Australia.

The project is estimated to host some 9 300 t of nickel, 6 800 t of copper and 470 t of cobalt, as well as 43 000 oz of palladium and platinum.

The deposit forms part of the Collurabbie project, north of Laverton.

“What a great start to our work at Collurabbie. This maiden mineral resource complements the mineral resource of 50 000 t nickel, at 2.5% nickel that we have established at Fisher East only 70 km away,” said Rox MD Ian Mulholland on Friday.

“The deposit contains close to 10 000 t of contained nickel with significant copper, and we also expect that the cobalt, platinum and palladium will add significant value.”

Mulholland said that the company was about to embark on an aircore drilling programme at Collurabbie, the first exploration programme since the company acquired the project.

“This drilling will test several nickel and gold targets we have developed along the belt over 15 km of strike that have had little work for ten years. We are quite excited by the potential of this area to host further economic nickel and gold mineralisation.”