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Australian explorer IMX Resources has received “strong interest” from several ore developers in its Ntaka Hill Nickel Project located in southeast Tanzania
The Ntaka Hill Nickel Project, in the Nachingwea Property, has been receiving attention from various developers after the appreciation in the price of nickel. IMX Resources has opened a data room on the project as a number of parties have expressed strong interest in the Tanzanian project.
Phil Hoskins, acting CEO of IMX, said, “We are very pleased with the strong interest we have received in progressing Ntaka Hill to the next stage. The exploration that has been conducted to date indicates there is potential to establish a nickel project at Ntaka Hill, and there are numerous untested targets which suggest the project has significant exploration upside.”
Currently, the Ntaka Hill Project hosts a measured and indicated resource of 20.3Mt at 0.58 per cent nickel and 0.13 per cent copper for 117,880 tonnes of contained nickel. The inferred resource is 35.9Mt at 0.66 per cent nickel and 0.14 per cent copper for 238,500 tonnes of contained nickel.
Hoskins revealed that IMX Resources was keen on securing a transaction for the nickel project, while the company could focus on the assessing the Chilalo Graphite Project and conduct drill tests on the Kishugu gold target.