The Faraday Project will see both an uplift in the grade of the underlying resource at Faraday and the adjacent Trainline deposit will be recalculating our maiden resource on that. So it’s very, very material for the company.
Some of our results were increases in head grade of up to 64%, met grades up to 1.47% li20.
The project going forward will now benefit from an increase in size and an increase in head grade. The effect of those two factors will increase the overall financial robustness of the project. Shallow mineralization, it outcrops on surface, very, very cheap mining, great metallurgy.
All the hallmarks of a very, very good project going forward.
What comes next? Our mining approvals are in place, so we’ll recalculate the mineral resource estimate. We’re in advanced discussions with an offtake partner.
The team and I at Widgie Nickel are really looking forward to the future.