Sally Malay Mining: Nickel reserves up
Source: The Australian
Sally Malay Mining, the best-performing stock in Australia's mining index, increased nickel reserves at its Winner deposit ahead of first production expected in August amid soaring metal prices.
The Winner deposit is now estimated to contain 6136 tonnes of nickel metal, an increase of 712 tonnes, Perth-based Sally Malay said yesterday in a statement to the Australian Securities Exchange.
The mine would produce at a rate of 340 to 420 tonnes each month for 16 months, it said.
