Atlantic Nickel (“Atlantic Nickel” or the “Company”) and Appian Capital Advisory LLP (“Appian”) are pleased to announce recent drilling results, an updated Mineral Resource estimate for the Santa Rita nickel sulphide re-start project (“Santa Rita” or the “Project”) located in Brazil. Highlights 30,785m RC infill drilling program for nickel sulphide completed upgrading open pit Resource block model and de-risking over half of the expected initial mine life of 8 years Updated Mineral Resource (open pit) increased to 59Mt at 0.33% NiS, 0.11% Cu Diamond drilling program of 75,500m completed below the current open pit, including 5,000m of drilling for metallurgical sample collection Drilling below the open pit Resource further defines and extends mineralization amenable to underground mining. A Resource model update for this material is pending in Q1 2020. Atlantic Nickel, the 100% owner of Santa Rita, was acquired by Appian in 2018. The Company is undergoing significant work prior to commercial production in 2020. Mining operations have resumed on site with over 2Mt safely blasted and hauled to date. Post refurbishment, commissioning began earlier this year with the successful testing of the primary crusher with 20kt of ore from stockpiles. The plant is now producing concentrate. A large 30,785m…
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