PMEA Blog

Mindoro Resources Ltd. (TSX VENTURE: MIO | PowerRating) (FRANKFURT:WKN 906167) today announced a further significant increase to the Mineral Resource estimate for the Agata Nickel Project based on a review and reinterpretation of the basal saprolite contact and a change in model parameters. The Measured and Indicated resource has increased to 32.6 million tonnes at 1.04 percent nickel for 340,000 tonnes of contained nickel. This is an increase of 2.9 million resource tonnes and 33,000 tonnes of contained nickel compared to the previously announced estimate. In addition there is an Inferred Resource of 1.7 million tonnes at 1.04% nickel.

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