Mr Creasy remained reticent about Silver Knight this week, other than saying it was “occupying a lot of my attention” and describing it as “still an adolescent”.
Silver Knight has a maiden resource of 4.2 million tonnes at 0.8 per nickel, 0.6 per cent copper and 0.04 per cent cobalt and is already regarded as the biggest find in the Fraser Range since the discovery of the Nova deposit by the former Sirius Resources in July 2012.
The Silver Knight deposit contains a resource of 4.2 million tonnes at 0.8% nickel, 0.6% copper and 0.04% cobalt, including a higher grade component of 200,000 tonnes at 3% nickel, 1.9% copper and 0.17% cobalt.
Creasy has applied to convert the Silver Knight tenement into a mining lease, suggesting that the deposit is economic and expected to grow.
BUX Price at posting:
10.0¢ Sentiment: Hold Disclosure: Held
