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Berong Data

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Berong Information

  • General 2015-05-10
    Having finalised the mining plan for the Berong nickel mine with our joint venture partners, Berong Nickel Corporation (‚‚‚‚“BNC‚‚‚‚”) has mobilised equipment to site in preparation of ramp up to full production by mid June 2011. BNC is targeting production of 500,000 wet metric tonnes (‚‚‚‚“wmt‚‚‚‚”) of nickel ore by 31 December 2011 and aims to ship 300,000wmt by 31 September 2011 when the shipping window closes. The remaining target of 200,000wmt, planned for production in the last quarter of the calendar year, is targeted for shipping from 1 March 2012 when the shipping window reopens. BNC will use the proceeds from the sale of the existing stockpile of approx. 150,000wmt of nickel ore averaging 1.45% nickel to provide working capital to support the resumption of operations.The first shipment of 50,000wmt of nickel ore is scheduled to begin loading week commencing 6 June 2011 with a further two shipments of 50,000wmt each scheduled towards the end of June. In March 2010, we commenced drilling the Moorsom prospect which lies within a 14 kilometre radius of the Berong mine. Previous work undertaken by Atlas indicated that whilst not the most prospective area, Moorsom offered good exploration potential. The area that is believed to offer the best potential is the coastal portion of the Long Point prospect, located some 20 kilometres to the north east of the Berong mine. Currently this area lies within an Environmental Critical Area Network (‚‚‚‚“ECAN‚‚‚‚”), within which exploration is not permitted. The Atlas data concluded that the whole Long Point area (within and outside the ECAN,) has the potential to host in excess of 50 million tonnes with an average nickel grade exceeding 1.2%. In June 2010, the municipal council at Long Point signed a resolution to request the Palawan Council for Sustainable Development (‚‚‚‚“PCSD‚‚‚‚”) to redraw the ECAN boundary, thereby opening the way for exploration of the most prospective area. One approval is granted, there will be several more hurdles to overcome before BNC can start drilling. This is now targeted to commence around the middle of 2011. Early drill results from the Moorsom exploration programme offered encouragement that the area might host ore with a similar nickel grade to that of the Berong Project (1.55% nickel at a 1% nickel grade cut off). However, as more assay results became available, it was apparent that whilst the tonnage of ore was much as had been targeted, the average grade, at 0.9% nickel, was lower than expected. Through to September 2010, when the drilling campaign at Moorsom was completed, 624 holes had been drilled for a total of 5259 metres. Although interpretation of all the assays will not be available until into the first quarter of 2011, sufficient information is already available to suggest a resource of some 25 million dry metric tonnes grading 0.9% nickel.

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