Fate of local nickel mining venture unknown - Jan. 16, 2013
Work on developing nickel deposits identified here last year by Continental Nickel is on hold since the company was sold to its major shareholder last fall.
Sharon Taylor, the manager of geophysics and project generation for Continental Nickel Limited who was in charge of the St. Stephen drilling operation, said the focus of the new owners, IMX Resources Limited, is now on a nickel mining project in Africa.
Taylor said she has yet to be informed of the plans the Australian-based company has for St. Stephen.
She described St. Stephen as “a very good project.”
“There will definitely be more work done but I do not know when the work will start and if it will be completed by IMX or another company.”
Taylor said she will update local landowners affected as soon as she has any information.
Last year, Continental Nickel was very encouraged by the drill results from two explorations at the end of the Hanson Road and one at Todd Mountain.
The company did not find any significant nickel deposits from the test holes it drilled in Elm Street Park.
IMX Resources Limited (IXR.AX) is an ASX-listed company headquartered in Perth, Western Australia. It is a mining and mineral exploration company with an iron ore mining operation in South Australia, and a pipeline of advanced exploration projects in Australia and Africa, focusing on iron ore, nickel, copper and gold.