An exceptionally high-grade nickel deposit in Western Australia has been advanced to the feasibility study stage by partners Outokumpu and Mining Project Investors.
Discovered in the fall of 1995, the Silver Swan deposit hosts about 440,000 tonnes grading 14% nickel.
The partners hope to begin production in mid-1997. The annual yield is projected to be 10,000 tonnes of nickel in concentrate.
Outokumpu and MPI each own half of the deposit; however, Outokumpu holds 34% of MPI. As a result, its direct and indirect interest in Silver Swan is 67%.
Outokumpu has other nickel projects around the world, and is exploring for the metal in the Arkhangelsk area of northern Russia with local partners.
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