1.0 Overview
Since listing in August 1996, focus has been maintained on Nickel and nickel laterite; this strong focus resulted in the Kalgoorlie Nickel Project (KNP) ground position supporting a JORC combined resource of 908mt @ 0.74% nickel for 6.6 million tonnes of contained nickel.
Heron has developed through to scoping study the significant Yerilla Nickel Cobalt Project.
2.0 Business Plan
- To commission the Kalgoorlie Nickel Project.
- To develop the Yerilla Nickel Cobalt Project, in association with a partner.
- Exploration budget $1.5–2.5 million per annum since 1996, targeted on world-class metal deposits only.
- Focus on the Eastern Goldfields of Western Australia served by good infrastructure, low sovereign risk and environment conducive to development.
3.0 Assets
- Kalgoorlie Nickel Project, world-class nickel laterite assets, production potential 50,000 tpa nickel metal.
- Yerilla Nickel Cobalt Project targeting production of 20,000 tpa nickel in intermediate product to be developed in partnership.
- Extensive land holdings of komatiite belts, nickel sulphide and laterite targets.
- Heron has the strongest single company tenement holding in the world's most intensely mineralised Ni-Au province, the Kalgoorlie Goldfields.
4.0 Development Strategy
- Advance the Kalgoorlie Nickel Project through optimisation of the PFS.
- Develop the Yerilla Nickel Cobalt Project as a low cost and medium scale Nickel Cobalt project in partnership with Shanshan leveraging off their technology and Heron's previous studies.
- Acquire a portfolio of operating assets.
5.0 Strengths of Heron Resources Limited
- Technical skills excellent, with complete in-house technical capability.
- Strong element of risk management in operations, but still "adventurous" in counter-cyclical acquisitions.
- Quality assets secured through exploration success, and hence low acquisition cost and 100% ownership.