Deccan Gold's Bhalukona project shows nickel-copper potential
In short
Deccan Gold Mines' Bhalukona project in Chhattisgarh is said to hold potential for more than 4 million tonnes of nickel-copper-PGE mineralisation. The estimate is based on a preliminary model covering about 25% of a 1.3-km mineralised corridor, with a grade of 0.24% nickel equivalent.
This matters because the project could become more important if the numbers hold up. It is not yet a defined mineral resource or reserve, so the final size and value are still unknown.
What the reporting says
Deccan Gold Mines' Bhalukona project in Chhattisgarh shows potential for over 4 million tonnes of nickel-copper-PGE mineralisation at an estimated grade of 0.24% nickel equivalent. The preliminary model covers only around 25% of the identified 1.3-km mineralised corridor and, according to the summary, is not yet a defined mineral resource or reserve. What remains unknown is whether further work will confirm an economic deposit.
Why it matters
Deccan Gold Mines' Bhalukona project in Chhattisgarh has been reported to show potential for over 4 million tonnes of nickel-copper-PGE mineralisation at an estimated grade of 0.24% nickel equivalent. The preliminary model covers only around 25% of a 1.3-km mineralised corridor, and the summary says it is not yet a defined resource or reserve. The key unknown is whether later studies confirm commercial viability.