Barnes Hill - 100% OWNED
Proto Resources flagship project is the 100% owned former Allegiance Mining NL Barnes Hill Nickel Deposit in Tasmania (“Barnes Hill”). A 12.1 million tonne (Mt) Australasian Joint Ore Reserves Committee (“JORC”) compliant, indicated resource at 0.83% nickel and 0.07% cobalt is defined at Barnes Hill.
The resource is made up of three interconnected resources known as the Barnes Hill Vulcan and Scotts resources. The Barnes Hill Tenement EL 17/2006 covers 76 km2 and has a very reasonable minimum exploration commitment of $57,000 over the first two years.
Future nickel production is a key part of Proto Resources’ growth strategy, the company already having secured advanced exploration ground for nickel in the Northern Territory (“Arunta”) and Western Australia (“Mt Vetters”). Recent advances in pressure leaching techniques along with the current high nickel price make the Barnes Hill project a valuable addition to Proto Resources’ asset register.
