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Stillwater Critical Minerals Expands Resource 62% to 1.6 Blbs Battery Metals and 3.8 Moz PGE+Gold at Stillwater West Project in Montana, USA
VANCOUVER, BC / ACCESSWIRE / January 25, 2023 / Stillwater Critical Minerals (TSX.V:PGE)(OTCQB:PG...
About this update from Stillwater Critical Minerals Corp
[{"type":"text","content":"Stillwater Critical Minerals Expands Resource 62% to 1.6 Blbs Battery Metals and 3.8 Moz PGE+Gold at Stillwater West Project in Montana, USAVANCOUVER, BC / ACCESSWIRE / January 25, 2023 / Stillwater Critical Minerals (TSX.V:PGE)(OTCQB:PGEZF)(FSE:5D32) (the \"Company\" or \"SWCM\") is pleased to report a 62% increase in the updated independent National Instrument 43-101 (\"NI 43-101\") mineral resource estimate (the \"2023 Resource\") for its 100%-owned Stillwater West platinum group element, nickel, copper, cobalt, and gold (\"PGE-Ni-Cu-Co + Au\") project in Montana, USA. The study, which was completed by SGS Geological Services (\"SGS\"), showed significant increases in tonnage and contained metal at both a bulk tonnage 0.20% nickel equivalent (\"NiEq\") cut-off (\"Base Case\") and a 0.35% NiEq higher grade bulk tonnage cut-off. A high-grade, selective mining component at a 0.70% NiEq cut-off is presented for the first time.The Company will host a live webcast on January 31, 2023, at 10am PT | 1pm ET to discuss the Stillwater West project and the 2023 Resource. To register, click here.2023 Resource HighlightsBase Case Inferred mineral resources of 1.6 billion pounds (\"Blbs\") of nickel, copper and cobalt and 3.8 million ounces (\"Moz\") palladium, platinum, rhodium, and gold (\"4E\") in a constrained model totaling 255 million tonnes (\"Mt\") at an average grade of 0.39% total estimated recovered NiEq (or 1.19 g/t Palladium Equivalent \"PdEq\"). See detailed breakdown in Tables 1 and 2, below.Significant increases in contained metals over the 2021 study at the Base Case 0.20% NiEq cut-off:Tonnage: 255Mt (62% increase)Palladium: 2.05Moz (56% increase)Nickel: 1.05Blbs (52% increase)Platinum: 1.26Moz (66% increase)Copper: 499Mlbs (44% increase)Gold: 395Koz (30% increase)Cobalt: 91Mlbs (31% increase)Rhodium: 115Koz (76% increase)The selective mining high-grade component yielded 11.6Mt at 1.05% Total NiEq (or 3.24 g/t Total PdEq) as 0.56% Ni, 0.33% Cu, 0.03% Co with 0.54 g/t Pd, 0.27 g/t Pt, 0.15 g/t Au and 0.019 g/t Rh. Expansion of this high-grade component results from the addition of high-grade mineralization encountered in the 2021 drill campaign.Sulphur grades of 1.13% to 6.16% indicate desirable high nickel tenor in sulphide, supporting effective recovery via conventional flotation techniques.2.27Blbs of chromium has been in...