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Wowo Gap - Receipt of Gap Analysis Report
Wowo Gap - Receipt of Gap Analysis Report.
About this update from Corcel Plc
[{"type":"text","content":"\n \n \n \n \n \n \n Corcel PLC\n \n \n \n (\"Corcel\" or the \"Company\")\n \n \n \n \n \n \n Wowo Gap - Receipt of Gap Analysis Report\n \n \n \n \n \n \n \n 09 June 2022\n \n \n \n \n \n \n Corcel, the natural resource exploration and development company with interests in battery metals and flexible energy generation and storage, announces receipt of its externally commissioned Gap Analysis Report conducted on the Company's Wowo Gap nickel/cobalt project, where the Company retains a 100% interest. \n \n \n \n Highlights:\n \n \n \n o \n A detailed Gap Analysis report for the Wowo Gap Project has been completed externally, including a comprehensive review of legacy data and proposals for areas of future emphasis in preparation for an eventual Mining Lease application\n \n \n o \n Key findings, other than the need to continue to mature the project technically, include the requirement to update offtake assumptions given recent positive structural changes in Nickel prices and the proposed broadening of focus to include multiple development concepts including both a DSO alongside HPAL (High Pressure Acid Leach) and DNi (Direct Nickel) processing options\n \n \n \n Gap Analysis:\n \n \n \n AMC Consultants Pty Ltd (\"AMC\") were contracted, as part of the Company's preparation work for a Mining Lease application, to prepare a Gap Analysis of the Wowo Gap lateritic nickel/cobalt project in Papua New Guinea (\"PNG\"). This work builds on the historic 2010 feasibility study and the 2016 direct shipping ore (\"DSO\") study conducted by the previous owners of the project. The focus of the study was to provide a clear understanding of the additional data and work required to make an eventual formal application for the Mining Lease, including a bankable feasibility study (\"BFS\") acceptable for project financing purposes.\n \n \n \n Key Findings:\n \n \n \n Geology:\n \n \n o \n In general AMC considers the deposit geology to be well understood however some additional resource definition work suggested to define mineralization boundaries and the extent of the deposit\n \n \n o \n Some portion of the resource may need to be upgraded to the JORC Measured classification in order complete a full BFS\n \n \n Offtake:\n \n \n o \n Requirement to update previous 2010 and 2016 vie...