The partners entered the JV in December 2018, which attempts to realise value in Blackham’s non-core asset given its focus on the Wiluna-Matilda Gold Operations in Western Australia.
The Wilconi Project has had 1,594 drill holes completed, including 21,266 nickel assays and 20,593 cobalt assays.
A mineral resource study was completed in 2005 and a JORC compliant (2004) inferred resource defined.
A-Cap’s initial approach to the rapid advancement of Wilconi is to focus on the major economic parameters that will drive the success of the project – metallurgy and accurate resource definition aided by advanced geophysics.
A-Cap not keen for high pressure acid leaching
A-Cap outlined that it plans to move away from the tradition of using high-pressure acid leaching (HPAL) as a processing method for the project.
It will be testing more cost-effective techniques for the Wilconi ore with a focus on atmospheric leaching and more environmentally sustainable processing options.
The metallurgical sampling program will commence at the end of March 2019, which will see bulk samples being processed using several advanced metallurgical techniques.
A-Cap’s strategy at Wilconi is the constant use of modern metallurgical and geophysical techniques to more effectively advance our project to feasibility.
Last week, Blackham outlined plans to raise $25.8 million in a fully underwritten five-for-four rights issue priced at 1.5 cents.