PMEA Blog

EDMONTON, ALBERTA–(Marketwire - Nov. 1, 2007) - Mindoro Resources Ltd. (TSX VENTURE:MIO)(FRANKFURT:WKN 906167) is pleased to report results from a further eleven drill holes on one long cross section (10450N) in the northern laterite zone on the Agata project, Philippines. The limonite horizon averages 1.01 percent nickel and 38.47 percent iron over an average thickness of 2.12 meters. The underlying saprolite horizon averages 1.20 percent nickel over an average thickness of 5.37 meters.

Mineralization grades and thicknesses meet Company expectations, and are in line with requirements for direct shipping grade material for ferro-nickel feedstock for which demand remains strong. The Agata project has strong competitive advantages, with good grades, just two to three kilometers from tide water, with corresponding low haul distance and costs, and only two days shipping from China. Mindoro has also recently received several expressions of interest in its nickel laterite as potential feedstock for a new generation of HPAL nickel processing plants which are planned in the region.

Read More