MOX 0.00% 0.2¢ monax mining limited

Ann: Monax secures second Designated Project with Antofagasta, page-3

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  1. 1,630 Posts.
    From MOX release:
    Presence of the Nebo-Babel nickel-copper deposit and Succouth copper prospect in
    Western Australian extension of this geological terrane highlights the prospectivity for
    copper-nickel mineralisation within Giles Complex rocks.

    From the Cassini Resources Limited website:
    "Nebo-Babel was the first major discovery in the West Musgrave region. It has an Inferred resource of 446Mt @ 0.33 Ni, 0.35% Cu (0.2% Ni cut-off) for a total of 1.47Mt of contained nickel metal and 1.56Mt of contained copper metal. This mineralised system is the largest nickel sulphide discovery since the discovery of Voisey’s Bay in Canada in 1993. The Nebo-Babel deposit is amenable to open pit mining, and comparable in scale to BHP’s Mount Keith mine."
    ..................
    "The Succoth copper project (discovered by BHP in 2009) is located 13km north east of Nebo-Babel; the proximity presenting Cassini with a co-development opportunity. Succoth is a shallow lying ore body with Cu-PGE mineralisation from ~20m depth, still open, spanning over a 3km strike length."
 
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