More high grade nickel intercepted from infill drilling programASX:AOU Mar 09, 2022
Earlier in the week AOU announced another batch of assays from its 2,667m drilling program at its Saints nickel project.
The stand out assays from todays announcement were as follows:
- 2.13m @ 3.26% Nickel from 167.99m
- 4.79m @ 2.05% Nickel from 311.98m
Both high grade intercepts, but this came as a result of the drilling program being made up mostly of infill drilling. The purpose of the drilling program is more so for AOU to be able to conduct metallurgical testing which will form the basis for a scoping study being planned.
With the nickel price temporarily hitting US$100,000/tonne overnight, we expect that the scoping study that AOU is putting together will show some really favourable project economics.