Tackler
16 years ago
Chairman’s Message - Brilliant Mining 2007 Year in Review
January 15, 2008
Brilliant Mining Corp. (BMC: TSX-V) achieved many key corporate, exploration, and production milestones in 2007, setting the stage for extensive growth through 2008. This past year has consisted of aggressive exploration programs in both Australia and Canada, coupled with significant investments in capital development to advance the Company’s producing assets. In addition, Brilliant Mining was recognized as one of the leading companies listed on TSX Venture Exchange in 2007.
2007 MAJOR ACHIEVEMENTS
Strengthened balance sheet; added to corporate treasury and eliminated all senior bank debt
Increased mine life; upgraded Probable Ore Reserves by 222% from 19,000 to 61,300 tonnes Ni metal
Expanded production; commenced mining the high-grade Winner ore body
Delivered successful exploration results; validated overturned dome model
Corporate Development Highlights
Added CDN $9.0 million to treasury from warrant and option exercises
Repaid CDN $3.5 million senior bank debt
Commenced un-hedged production as of August 1, 2007
Named to the 2007 TSX Venture 50TM, a ranking of Canada’s top emerging public companies listed on TSX Venture Exchange
Asset Growth
Drill delineation programs successfully added multiple years of mine life by increasing nickel reserves and resources at the Deacon, Winner and Lanfranchi ore deposits within the Lanfranchi Nickel Mine.
Tripled Proven and Probable Reserves from 19,000 to 61,300 tonnes of nickel metal*
Increased Measured and Indicated Resources from 53,350 to 98,700 tonnes of nickel metal*
Estimated Deacon’s Probable Reserve at 1,695,400t at 2.54% Ni for 43,009 tonnes of Ni metal
Identified a strong geophysical conductor extending 50 metres down-plunge of the Deacon resource, suggesting future exploration potential
Increased Winner Probable Reserve to 144,000t at 4.26% Ni for 6,139t Ni metal*
Increased Winner Indicated Resource to 111,680t at 6.16% Ni for 6,879t Ni metal*
* Comparison of Lanfranchi Nickel Mine Reserves and Resources between Company’s March 2006 and August 2007 NI 43-101 technical reports.
Production Increased
Intensive capital development during 2007 has positioned the Company for a substantial ramp-up in production at the Lanfranchi Nickel Mine. In April, a third mining crew was added to complement the two existing crews, increasing available operational productivity by 50%. The three crews focused on continued production at Helmut South and development of the high-grade Winner and Deacon ore bodies.
Winner commenced production in October 2007 and is the second of five ore bodies planned to come online within the next 12 months
Winner boosts monthly mine production to a record 22,680 tonnes at 2.75% Ni for 623 tonnes of Ni metal in October
Winner ore deliveries total 4,670 tonnes at 5.37% Ni for 251 tonnes of Ni metal in the first month of operation
The Deacon ore body is currently being developed and is scheduled for production in March 2008
Exploration Success
During the 2007 exploration season Brilliant Mining delivered positive results at both the 25% owned Tramways Tenements, host to the producing Lanfranchi Mine in the world class Kambalda nickel district, Western Australia, and the 100% owned Michikamau property in Central Labrador, Canada.
Tramways Tenements, WA
In late 2007, the Company further validated the “Tramways Overturned Dome Model” through drilling. Eight out of the last eight holes intersected the overturned and the unexplored ultramafic-mafic target horizon associated with Kambalda Ni channels, a discovery which essentially doubles the prospective area of the property to host Ni channels. One drill hole intersected 7.76% Ni over 0.88m within the overturned ultramafic sequence approximately 20 metres below the overturned contact horizon, demonstrating the potential to host high grade massive Ni sulphide mineralization.
Michikamau Project, Central Labrador, Canada
Eleven drill holes were completed totaling 1,100 metres during the 2007 exploration program. Multiple near surface nickel-copper-cobalt sulphide drill intersections were encountered and highlighted by a 21.7m intersection grading 0.51% Ni, 0.36% Cu and 0.09% Co at the Juno target; and including 1.3m at 0.71% Ni, 0.45% Cu and 0.12% Co. Early stage exploration to date points to a large and complex mineralizing environment with clear indications for nickel enrichment in the system.
Both project areas are highly prospective for additional discoveries and definitely warrant a significant exploration focus for 2008.
Summary
Our efforts over the past 12 months have laid a solid foundation for growth. 2008 promises to be an exiting and profitable year for Brilliant shareholders as the Company: reaches targeted annualized production rates as the Deacon, Lanfranchi and Schmitz ore bodies are brought on stream; continues exploration programs at Lanfranchi and Michikamau; and pursues other corporate opportunities.
About Brilliant Mining Corp.
Brilliant Mining Corp. is focused on the production, development, and exploration of nickel opportunities world wide. The Company currently has a 25% interest in the producing Lanfranchi Nickel Mine in Western Australia and has 3 active nickel projects in Canada, including the Michikamau property in central Labrador.
On behalf of the Board of Directors
“John Robins”
John Robins, P.Geo.
Chairman
Brilliant Mining Corp.
Tackler
16 years ago
Don Coxe loading up before reco
Here are all the house positions for V: BMC from 12/1/2007 to 12/11/2007.
17 Records Returned
House Positions
Exch House Bought $Value Ave Sold $Value Ave Net $Net
V 9 BMO Nesbitt 617,699 827,952 1.34 76,700 101,399 1.32 540,999 -726,553
V 27 Dundee 80,000 108,000 1.35 46,450 61,813 1.33 33,550 -46,187
V 89 Raymond James 40,000 53,600 1.34 10,000 13,500 1.35 30,000 -40,100
V 36 Latimer 13,000 17,100 1.32 0 13,000 -17,100
V 80 National Bank 30,700 40,060 1.30 20,000 26,915 1.35 10,700 -13,145
V 59 PI 50,000 65,500 1.31 50,500 67,411 1.33 -500 1,911
V 85 Scotia 5,000 6,850 1.37 6,000 8,100 1.35 -1,000 1,250
V 81 HSBC 0 2,000 2,700 1.35 -2,000 2,700
V 74 GMP 0 2,600 3,406 1.31 -2,600 3,406
V 5 Penson 0 6,000 7,840 1.31 -6,000 7,840
V 83 Research Cap 0 6,499 8,638 1.33 -6,499 8,638
V 79 CIBC 0 7,000 9,330 1.33 -7,000 9,330
V 7 TD Sec 16,300 21,566 1.32 40,150 53,266 1.33 -23,850 31,700
V 88 E-TRADE 0 29,800 40,717 1.37 -29,800 40,717
V 1 Anonymous 4,600 6,001 1.30 84,300 113,923 1.35 -79,700 107,922
V 2 RBC 0 224,000 301,122 1.34 -224,000 301,122
V 33 Canaccord 7,300 9,855 1.35 252,600 336,404 1.33 -245,300 326,549
Total 864,599 1,156,484 1.34 864,599 1,156,484 1.34 0 0
fasttrack5
16 years ago
Brilliant Mining Corp.: 5.4% Ni Delivered from Winner During First Month Production, Lanfranchi Nickel Mine, Kambalda District of Western Australia
Marketwire
Brilliant Mining Corp.
November 29, 2007 - 08:01:44 AM
Brilliant Mining Corp.: 5.4% Ni Delivered from Winner During First Month
Production, Lanfranchi Nickel Mine, Kambalda District of Western Australia
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 29, 2007) - Brilliant Mining
Corp. (TSX VENTURE:BMC) ("Brilliant" or the "Company") today reported that the
first month of deliveries from the high-grade Winner ore body totaled 4,670
tonnes of ore grading 5.37% Ni. In October, the Winner ore body contributed
40% of the total ore delivered, setting a new record for Ni metal delivered in
one month from the 25% owned Lanfranchi Nickel Mine, located in the world
class Kambalda Nickel District of Western Australia.
Key Point Summary:
- Winner ore deliveries total 4,670 tonnes of ore grading 5.37% Ni for 251
tonnes of Ni metal
- Winner represents 40% of Ni metal deliveries from 21% of ore deliveries
- Winner was a major contributor to a record one-month Ni metal ore deliveries
from the Lanfranchi Mine for October which totaled 22,680 tonnes of ore
grading 2.75% Ni for 623 tonnes of Ni metal
- Winner ore production commenced October 14, 2007
"The significant contribution from the high-grade Winner orebody in its first
production month provides an indication of the potential that can be achieved
through ramp up," states John Williamson, CEO of Brilliant Mining. "In
addition to bringing Winner on-stream, the Deacon orebody is scheduled to be
in production early next year and is projected to provide an even greater
impact."
October Production
The Lanfranchi JV delivered 22,680 tonnes of ore with an average grade of
2.75% Ni for 623 tonnes of Ni metal for the month of October 2007. Ore
production from the high-grade Winner orebody commenced on October 14, 2007
contributing 4,670 tonnes of ore grading 5.37% Ni for 251 tonnes of contained
Ni metal. This represents 40% of the total Ni metal derived from only 21% of
the ore tonnes delivered.
Table 1 - Lanfranchi Mine October Ore Deliveries by Source - 100%
Basis (i)(ii)
-------------------------------------------------------------------------
Ore Ni % of
Delivered Grade Ni Metal Ni Metal Ni Metal
Orebody (DMT) (%) (Tonnes) (Lbs) Deliveries
-------------------------------------------------------------------------
Winner 4,670 5.37 251 552,949 40%
-------------------------------------------------------------------------
Other 18,010 2.07 372 820,721 60%
-------------------------------------------------------------------------
Total 22,680 2.75 623 1,373,671 100%
-------------------------------------------------------------------------
(i) 25% of the reported ore deliveries or production is attributable to
Brilliant Mining Corp.
(ii) DMT equals dry metric tonnes, T equals tonnes, Lbs equals pounds
Winner Orebody
The Winner orebody contains a Probable Mineral Reserve of 144,003 tonnes of
ore grading 4.26% Ni metal and an Indicated Resource of 111,680 tonnes grading
6.16% Ni. Ore sourced from Winner will be a key component for future growth
with a targeted level of approximately 8,000-10,000 tonnes of ore per month
when full level production is attained.
The Winner orebody is located approximately 1 kilometre east of the main
Lanfranchi workings with access provided by an independent portal and decline.
The upper mine level at Winner is situated 155m below surface and has an
elongated cigar shape with a plunge of 30-40 degrees which is typically 10-20m
thick in the east/west plane and 30-60m thick in the north/south plane. The
mineralization is predominantly massive sulphides on the basalt/ultramafic
contact with minor disseminated sulphides hosted in the ultramafic.
Key Production Catalysts
The main factors that will contribute to the significant ramp-up in production
are:
- Ore from the now producing high-grade Winner orebody; and
- Ore from Deacon orebody with a Probable Reserve estimated at 1,695,433
tonnes at 2.54% Ni for 43,009 tonnes of Ni metal and scheduled for first
development ore production November 2007 and first longhole stope ore
production March 2008 (See Company press release dated August 7, 2007 and
43-101 technical report filed on SEDAR for details)
Brilliant Mining Corp. owns a 25% interest in the Lanfranchi Joint Venture
("Lanfranchi JV"), which owns the Lanfranchi Nickel Mine together with
associated infrastructure, mining leases and mineral claims. The remaining 75%
interest in the Lanfranchi JV is held by Sally Malay Mining Limited.
The project is supervised by John Williamson, P.Geol., of Edmonton, Alberta.
Mr. Williamson is CEO and a Director of Brilliant, and is the qualified person
as defined by National Instrument 43-101.
About Brilliant Mining Corp.
Brilliant Mining Corp. is focused on the production, development and
exploration of nickel opportunities world wide. The Company currently has a
25% interest in the producing Lanfranchi Nickel Mine in Western Australia and
has 3 active nickel projects in Canada, including the Michikamau property in
central Labrador.
On behalf of the Board of Directors
Mike Sieb, B.Sc., MBA, President
Brilliant Mining Corp.
fasttrack5
17 years ago
Another news release:
News Releases
STRONG CONDUCTOR DOWN-PLUNGE OF DEACON – SURFACE DRILL PROGRAM PLANNED LANFRANCHI NICKEL MINE, KAMBALDA DISTRICT OF WESTERN AUSTRALIA
November 1, 2007
Vancouver, B.C. - Brilliant Mining Corp. (BMC:TSXV) (“Brilliant” or the “Company”) today provided an update on the platform EM drilling and drill plans down-plunge of Deacon orebody at the Tramways Tenements host to the operating Lanfranchi Nickel Mine in the Kambalda District of Western Australia.
Key Point Summary:
Strong geophysical conductor interpreted 50 metres down-plunge of Inferred Resource limit at Deacon
Surface drill program planned down-plunge of Deacon
“The strong geophysical response observed down-plunge of the Deacon orebody provides a high degree of confidence that the mineralization continues below existing drilling and demonstrates the potential to add significant mine life to the operation” states John Williamson, CEO of Brilliant Mining.
Down-Plunge Platform EM Drilling
Platform EM drilling and corresponding geophysical surveys were completed during the last quarter to determine the down-plunge continuation of Deacon from a drill station located at the base of Helmut South.
Hole HS313 was drilled down-plunge of Helmut South along the east side of the projected Deacon Channel resulting in a strong off-hole conductor centred approximately 310 metres down-hole. The conductor was interpreted to be orientated parallel, located above and towards the west of the drill hole (See Figure 1).
Hole HS312 intersected Deacon mineralization between 90 metres and 204 metres and between 270 metres to 280 metres and was surveyed by down-hole geophysics (DHEM) only below 260 metres. Modelling of the geophysical response identified a large conductor oriented sub-parallel and situated above the drill hole trace.
Both conductors are highly conductive and interpreted to represent a continuation of the Deacon Ni sulphide channel thereby extending the mineralization 150 metres beyond the current Probable Reserve limits and 50 metres beyond the Inferred Resource boundary. (See Figure 1)
Contact parallel EM holes are exploratory tools utilized in an underground mine environment to detect the down-plunge continuation of known mineralization well beyond the existing production levels. The aim is for the drill trace to remain in the footwall rock unit and maintain a parallel orientation in proximity to the contact horizon that hosts the mineralization so as to be able to detect the nickel sulphide conductor through a geophysical survey.
Deacon Planned Down-Plunge Surface Drilling
The current Deacon Probable Ore Reserve extends to 513,664mN and down plunge of this Northing. The Indicated and Inferred Resources extend a further 100 metres to 513,555mN. In order to expedite the conversion of resources to reserves, the current plan adopted by the Lanfranchi JV is to drill the down-plunge extensions to Deacon from surface using directional diamond drilling and wedging. This program will involve drilling a single parent diamond hole into the deposit and then using a standard casing wedge to drill any number of daughter diamond holes off the parent hole (See Figure 1). Currently 6 wedge holes are planned. The program is expected to commence in the first half of 2008.
Figure 1: Deacon Down-Plunge Plan Map showing DHEM conductive zone and proposed surface drill pierce points
Brilliant Mining Corp. owns a 25% interest in the Lanfranchi Joint Venture (“Lanfranchi JV”), which owns the Lanfranchi Nickel Mine together with associated infrastructure, mining leases and mineral claims. The remaining 75% interest in the Lanfranchi JV is owned by Sally Malay Mining Limited.
The project is supervised by John Williamson, PGeol, of Edmonton, Alberta, CEO and a Director of Brilliant, and is the qualified person as defined in National Instrument 43-101.
About Brilliant Mining Corp.
Brilliant Mining Corp. is focused on the production, development and exploration of nickel opportunities world wide. The Company currently has a 25% interest in the producing Lanfranchi Nickel Mine in Western Australia and has 3 active nickel projects in Canada, including the Michikamau property in central Labrador.
On behalf of the Board of Directors
“Mike Sieb”
Mike Sieb, B.Sc., MBA
President
Brilliant Mining Corp.
johnlw
17 years ago
Brilliant Mining Corp.: High Grade Massive Ni Sulphide Intersected on Overturned Northern Limb Tramways Dome
Marketwire
Brilliant Mining Corp.
October 29, 2007 - 08:01:14 AM
Brilliant Mining Corp.: High Grade Massive Ni Sulphide Intersected on
Overturned Northern Limb Tramways Dome
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 29, 2007) - Brilliant Mining
Corp. (TSX VENTURE:BMC) ("Brilliant" or the "Company") today announced that
drilling has intersected high grade massive nickel sulphide on the overturned
northern flank of the Tramways Dome. Eight surface drill holes have now been
completed along the Northern Tramways Dome area at the Tramways Tenements,
host to the producing Lanfranchi Nickel Mine, located in the world class
Kambalda Nickel District of Western Australia. All eight holes appear to have
intersected overturned Kambalda Komatiite (ultramafic) sequences below Lunnon
(footwall) Basalts, supporting the Overturned Dome model structure at the
property. Drill hole TD8036 intersected 0.88m grading 7.76% Ni within the
overturned ultramafic sequence approximately 20 metres below the overturned
contact horizon.
Key Point Summary:
- Exploration north of the Lanfranchi Mine supports "Tramways Overturned Dome
Model" - ultramafic Komatiite intersected below the basalt sequence in all
eight recent drill holes
- 7.76% Ni over 0.88m (high-grade Ni massive sulphide) intersected within the
overturned ultramafic sequence approximately 20 metres below the overturned
contact horizon
- Geochemistry indicates Channel Facies ultramafic rocks; a similar setting as
host for the main Tramways' orebodies
- Drilling and down-hole EM surveying is ongoing
"The discovery of high grade massive nickel sulphide and signature ultramafic
channel facies geochemistry north of the existing mine workings is an
extremely positive advancement for the Tramways Overturned Dome model" states
John Williamson CEO of Brilliant Mining "and has significant ramifications for
the future potential of the property."
The drilling program currently underway is designed to test, by a combination
of drilling on 100 metre spaced sections and down-hole Electro Magnetic "EM"
surveys, a 1.5 kilometre wide section (389900mE to 391400mE) across the
overturned Tramways Dome area. Site geologists believe this region of the
Tramways Dome is most likely to contain the overturned continuation of the
Helmut/Deacon and Schmitz/Winner channel structures (See Figures 1 and 3)
which have provided the majority of nickel production for the Lanfranchi
Project in the past.
To date, two drill holes have intersected encouraging evidence of
mineralization on the northern side of the Tramways Dome.
- 7.76% Ni over 0.88m was intersected between 252.3-253.18 metres down hole in
drill hole TD8036 (section 390500mE) approximately 20 metres below the
overturned contact (See Figures 2 and 4); and
- 3.41% Ni over 1.0 metre was intersected between 79-80 metres down hole in
drill hole TD8030 (section 391000mE) on the normal facing contact (previously
released July 10, 2007)
While the mineralization in TD8030 was intersected on the normal facing basalt
ultramafic contact the mineralization in TD8036 was intersected within the
overturned ultramafic sequence approximately 20 metres from the contact
position. Geochemical analysis of holes TD8030, TD8031 and TD8036 has returned
favourable high MgO (30-40%), low Ti and Al signatures which are indicative of
channel facies ultramafics. The geochemical signature observed is similar to
the setting reported within the main Tramways channel structures that are host
to the Helmut/Deacon and Schmitz/Winner orebodies.
At this stage, the massive sulphide zone appears to be due to structural
re-mobilization processes. Such occurrences are not uncommon in Komatiite
complexes in and around Kambalda. The source of the Ni sulphide is commonly
considered and potentially due to the presence of a nearby larger body of
mineralisation. Such instances are observed at Tramways with the re-mobilized
4420 massive sulphide zone in close proximity to the Helmut - Helmut South
orebodies and the Skinner massive sulphide structure in relation to the
Schmitz orebody.
Multi-element analysis of the remaining holes is yet to be returned from the
laboratory. Figure 3 is a plan view of the recent drill hole locations
relative to the overturned ultramafic contact projected to surface.
To view Figure 1: Tramways Tenements - Northern Drill Plan, please visit the
following link:
http://www.ccnmatthews.com/docs/bmc1029_1.pdf
To view Figure 2: Massive Sulphides in Hole TD8036, please visit the following
link:
http://www.ccnmatthews.com/docs/bmc1029_2.pdf
To view Figure 3: Tramways Dome - Drill Planview, please visit the following
link:
http://www.ccnmatthews.com/docs/bmc1029_3.pdf
To view Figure 4: Tramways Dome - 390500mE Cross Section, please visit the
following link:
http://www.ccnmatthews.com/docs/bmc1029_4.pdf
The project is supervised by John Williamson, P.Geol., of Edmonton, Alberta.
Mr. Williamson is CEO and a Director of Brilliant, and is the qualified person
as defined by National Instrument 43-101.
About Brilliant Mining Corp.
Brilliant Mining Corp. is focused on the production, development and
exploration of nickel opportunities world wide. The Company currently has a
25% interest in the producing Lanfranchi Nickel Mine in Western Australia and
has 3 active nickel projects in Canada, including the Michikamau property in
central Labrador.
On behalf of the Board of Directors
Mike Sieb, B.Sc., MBA, President
Brilliant Mining Corp.
Certain disclosures in this release, including management's assessment of
Brilliant's plans and projects, constitute forward-looking statements that are
subject to numerous risks, uncertainties and other factors relating to
Brilliant's operation as a mineral exploration company that may cause future
results to differ materially from those expressed or implied in such
forward-looking statements. Readers are cautioned not to place undue reliance
on forward-looking statements. Brilliant expressly disclaims any intention or
obligation to update or revise any forward-looking statements whether as a
result of new information, future events or otherwise.
FOR FURTHER INFORMATION PLEASE CONTACT:
Brilliant Mining Corp. Mike Sieb President (604) 646-4525 Email:
mikes@brilliantmining.com
Brilliant Mining Corp. Derek Iwanaka Investor Relations (604) 646-4524
Email: info@brilliantmining.com Website: www.brilliantmining.com
The TSX Venture Exchange has not reviewed and does not accept responsibility
for the adequacy or accuracy of this release.
fasttrack5
17 years ago
BMC Company Snapshot
BullBoards Member Forums My BullBoards
Jump to BMC Forum
SUBJECT: Sally Malay lifts its nickel output target Posted By: CalifDreaming
Post Time: 10/22/2007 11:21
« Previous Message Next Message »
Sally Malay lifts its nickel output target
The latecomer in the Kambalda nickel mining renaissance, Sally Malay Mining, is setting its sights on becoming a strong mid-tier producer during next year, through increased action at Kambalda and at its Sally Malay mine in the Kimberleys of Western Australia’s far north.
Author: Ross Louthean
Posted: Monday , 22 Oct 2007
PERTH -
Sally Malay Mines Ltd (ASX: SMY) has set a target of ramping up its equity nickel production next financial year to 20,000 tonnes of metal, excluding cobalt and copper by-production. This figure was the target for "The 10 Year Plan" highlighted in the company's recently-released 2007 annual report.
The company's managing director, Peter Harold, told Mineweb today that key projects for this major lift in output are the Deacon mine as part of the Lanfranchi operations at Kambalda, the Copernicus open cut joint venture with Thundelarra Exploration Ltd and exploration and development on the Sally Malay Deeps.
Sally Malay has come a long way since mid 2004 when it commissioned the Sally Malay mine which ships its concentrates through the nearby port of Wyndham to the refining facilities of the Jinchuan Group in China. In fiscal 2004/05 it produced just over 5,000t of equity nickel metal and in 2006/07, with the Helmut South mine at Kambalda more than 12,000t of contained nickel.
As with the other mid tier nickel miners which took over the mines in that region then owned by WMC Resources (the big Kambalda concentrator is now operated by BHP Billiton's regional subsidiary Nickel West), Sally Malay is basking in ever increasing production and the sustained healthy nickel price.
Sally Malay joined two of these companies, Mincor Resources Ltd, Independent Group in producing stellar profits. The third, Consolidated Nickel, a subsidiary of takeover target Consolidated Minerals Ltd, had a fairly ordinary year, in part due to substantial mine development demands.
For 2006/07 Sally Malay had a net profit of $A88.1 million ($US77.52 M), declared a maiden dividend of A12 cents (US10.5¢) and declared cash and receivables of $A134.6 M ($US118.4 M).
Planning is underway to develop the Copernicus open cut in which Sally Malay holds a 60% stake and by mid 2008 it could be delivering an annualised 250,000 tonnes of ore to the Sally Malay mine concentrator, with that deepening mine contributing about 750,000 tpa to the mill.
Harold said whether the open cut (which has adequate ore for about five years mining life) extends into a decline is dependent on more exploration on the plunging orebody and also that a robust nickel price still exists in about five years time.
While there is no final detail, he said it was possible that Thundelarra's 40% share of Copernicus concentrates would also be shipped out through Wyndham to Jinchuan.
Sally Malay's 25% partner on the Lanfranchi operations is Canadian company Brilliant Mining Corporation (TSX-V: BMC) which had a team in Perth this week to discuss exploration and development issues.
This fiscal year's exploration budget for all projects is $A5.1 M ($US4.48 M), including equity participation by partners.
The upgraded Deacon resource to 58,000t of contained nickel and development of the smaller, high grade Winner deposit (6,140t) will see these two projects playing an important role at the Lanfranchi complex over the next two years. Deacon adjoins the Helmut South deposit which has a resource of 11.138t of contained nickel.
Harold told Mineweb that the company was looking at other potential acquisitions and joint ventures. He said that while prices for properties and companies in these buoyant conditions were high, there were still some attractive looking propositions.
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fasttrack5
17 years ago
October 17, 2007
Brilliant Mining Corp. (A Discovery Group Company) to present at
Toronto and New Orleans Investment Conferences
During the month of October Brilliant Mining Corp. is conducting an extensive international roadshow culminating with our presence at both the Toronto Resource Investment Conference and the 2007 New Orleans Investment Conference – we hope to see you at one or both of these events.
Toronto Resource Investment Conference
October 21 - 22, 2007
Metro Toronto Convention Centre
South Building, Exhibition Hall D, 222 Bremner Blvd., Toronto ON
Booth
Time: Sunday 10am – 6:00pm and Monday 9am – 5:00pm
Location: 309 & 311
Presentation
Date: Monday, October 22, 2007
Time: 11:30am
Location: Workshop #2
The 2007 New Orleans Investment Conference
October 21 - 25, 2007
New Orleans Marriott Hotel
555 Canal Street - New Orleans, Louisiana
Booth
Time: Monday 10am – 6:00pm, Tuesday 10am – 7:30pm, Wednesday 10am – 5:00pm
Location: 308
Presentation
Date: Wednesday, October 24, 2007
Time: 2:45pm
Location: Galerie 6, Second Floor
If you have any questions or would like to speak with a representative during the conference, please contact Derek Iwanaka toll free at 1-888-331-2269 or 604-218-6313. Alternatively, you can email info@brilliantmining.com
fasttrack5
17 years ago
News:
Brilliant Mining Corp.: Deacon Ore Reserve Exceeds 43,000 Tonnes of Nickel Metal; Triples Reserve Base at Lanfranchi Nickel Mine, Kambalda District of Western Australia
CCNMATTHEWS
Brilliant Mining Corp.
August 7, 2007 - 09:30:02 AM
Brilliant Mining Corp.: Deacon Ore Reserve Exceeds 43,000 Tonnes of Nickel
Metal; Triples Reserve Base at Lanfranchi Nickel Mine, Kambalda District of
Western Australia
VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Aug. 7, 2007) - Brilliant Mining
Corp. (TSX VENTURE:BMC) ("Brilliant" or the "Company") today announced that an
initial Probable Ore Reserve of 1,695,400t at 2.54% Ni for 43,000 tonnes (94.8
million lbs) Ni metal has been estimated for the Deacon orebody at the 25%
owned Lanfranchi Nickel Mine, located in the world class Kambalda Nickel
District of Western Australia.
Key Point Summary
- Initial Deacon Probable Reserve estimated at 1,695,433 at 2.54% Ni for
43,009 tonnes of Ni metal
- Resource to Reserve conversion rate of 95% achieved based on total nickel
tones
- Lanfranchi Project on track with ramp up to 500,000t ore per annum from
2008/09
"The addition of the Deacon Ore Reserve triples the known reserve base and
confirms the longevity of the Lanfranchi Nickel Mine," stated John Robins,
Chairman, Brilliant Mining. "Advancing Deacon from a new discovery in October
2006 to a 95 million pound Ni Ore Reserve by August 2007, demonstrates
impressive execution by the Lanfranchi JV operations team and the ability to
meet future production targets."
Tackler
17 years ago
Brilliant Mining to begin Ni deliveries at spot prices
2007-08-01 06:47 MT - News Release
Mr. John Williamson reports
BRILLIANT NICKEL PRODUCTION UN-HEDGED; LANFRANCHI NICKEL MINE, KAMBALDA DISTRICT OF WESTERN AUSTRALIA
Brilliant Mining Corp.'s future nickel ore deliveries will be paid at spot nickel prices.
Key point summary:
* All nickel ore deliveries commencing Aug. 1 will be paid at spot nickel (Ni) prices;
* Current spot nickel prices are more than 2.5 times greater than hedged nickel prices currently received.
"Since we acquired the project, we have ramped up mining operations, discovered new nickel resources, eliminated all bank debt and increased the corporate cash treasury; despite the unfavourable nickel hedge contracts we inherited," stated John Williamson, chief executive officer of Brilliant Mining Corp. "With the nickel hedge contracts unwinding and our production profile increasing, the future for Brilliant is very promising."
Brilliant Mining acquired a 25-per-cent interest in the Lanfranchi joint venture in May, 2006. Through the acquisition, the company became party to a series of monthly forward nickel contracts, initially set at $6.75 (U.S.) per pound at the commencement of the contract period and decreasing to $5.50 (U.S.) per pound until the end of the term.
The current spot price of nickel, at over $14.00 (U.S.) per pound, is more than 2.5 times greater than the hedged nickel prices currently received, thus the projected net revenue received by Brilliant per pound of nickel mined will now increase significantly. The company has not entered into any additional nickel hedge contracts at this time.
The project is supervised by John Williamson, PGeo, of Edmonton, Alta. Mr. Williamson, chief executive officer and a director of Brilliant Mining, is the qualified person as defined in National Instrument 43-101.
Tackler
17 years ago
Brilliant drills 5.37 per cent nickel over 24.1 metres
2007-07-31 08:27 MT - News Release
Mr. Mike Sieb reports
JUNE 2007 QUARTERLY UPDATE; 5.37% NI OVER 24.1M AT LANFRANCHI EXTENSION RESOURCE DELINEATION PROGRAM; LANFRANCHI NICKEL MINE, KAMBALDA DISTRICT OF WESTERN AUSTRALIA
Brilliant Mining Corp. has reported the nickel ore production and an update of operations for the quarter ending June 30, 2007, from its 25-per-cent-owned Lanfranchi nickel mine, located in the world-class Kambalda nickel district of Western Australia.
Key point summary:
* 60,864 tonnes of ore mined(i) in last quarter represents a 17-per-cent increase from previous quarter;
* very strong geophysical conductor at base of Deacon inferred resource;
* 5.37 per cent nickel over 24.1 metres drill intercept at Lanfranchi extension;
* continued success at the Tramways dome north drill program.
Production
The Lanfranchi nickel mine produced 60,864 dry metric tonnes(i) of ore averaging 2.19 per cent Ni during the quarter for 1,330 tonnes (2.9 million pounds) of Ni metal contained. Compared with the previous quarter, this represents an increase of 17-per-cent increase in ore production.
LANFRANCHI PROJECT OPERATING STATISTICS -- 100% BASIS(i)
Three months Three months Three months
Units ending ending ending
Details (ii) June 30, 2007 March 31, 2007 Dec. 31, 2006
Mining Ore mined DMT 60,864 52,030 61,173
Ni grade % 2.19 2.21 2.39
Ni metal DMT 1,330 1,149 1,465
Contained Lbs 2,932,148 2,533,111 3,230,000
Cu
grade % 0.20 0.19 0.20
Deliveries Ore delivered DMT 57,558 52,082 61,631
Ni grade % 2.22% 2.21 2.39
Ni T 1,278 1,150 1,473
metal
Contained Lbs 2,817,000 2,535,000 3,247,000
Cu grade % 0.19 0.19 0.20
(i) 25% of the reported ore mined or delivered is attributable to
Brilliant Mining Corp.
(ii) DMT equals dry metric tonnes, T equals tonnes, Lbs equals pounds
The continued strategy at the Lanfranchi mine will be to focus on capital development in the near term to maximize production and revenues in the long term. Currently, two out of three mine crews are committed to the capital development of the Lanfranchi orebody, Winner orebody and Deacon Resource. The incorporation of these new sources of material into the active mine plan will have a dramatic impact on the production profile with nickel metal production projected to double over the next three quarters from current levels.
Winner development
A section of deep weathering was encountered early in the quarter, temporarily slowing the Winner decline development, but advance rates returned to budget during May once the ground conditions improved. Ore delivery to surface from Winner is on track to commence early next quarter. The probable mineral reserve at Winner is 144,003 tonnes of ore at 4.26 per cent Ni for 6,139 tonnes (13.5 million pounds) of Ni metal.
Deacon resource down-plunge drill program
A 500-metre platform EM hole (HS301A) below Deacon from near the base of the Helmut South decline was completed; however, due to technical difficulties, approximately only the top 300 m of the hole was surveyed. The results indicate a very strong geophysical conductor to the bottom of the hole. The extent of the geophysical survey remained within the lower limits of the inferred resource.
Due to the strength of the conductor, two parallel EM drill holes are planned to commence shortly to test the area 200 m beyond the current base of the Deacon resource.
Deacon resource up-plunge drill program
The drilling focus during the quarter shifted to the up-plunge portion of the Deacon channel structure, between Helmut and the currently defined top of the Deacon resource at approximately 514,000 mN. An initial 11-hole drill program comprising 2,030 metres was completed from Stockpile 5 off the Helmut south decline at minus-444 mRL.
The aim of this program was to define the general shape and direction of the channel structure to determine an appropriate position for the development of a dedicated hangingwall drill drive to facilitate resource definition drilling of the up-plunge extent of Deacon.
No significant mineralization was encountered about the ultramafic/basalt contact in any of the Stockpile 5 drill holes, although broad intervals of highly altered, iron-sulphide-rich basalt were intersected in several drill holes. Assays are awaited for these zones. The Stockpile 5 drilling indicates an abrupt shift in the orientation and shape of the Deacon/Helmut channel structure occurring at about 514,000 mN (the previously defined northern limit of the Deacon mineralization).
The Stockpile 5 drill station location was marginally suitable to target the extrapolated position of the up-plunge extent of Deacon due to the oblique nature of the drilling. The interpreted deviation in the Deacon mineralization or ultramafic/mafic contact from the projected trend produced a highly problematic scenario and indeterminate results. Therefore, a detailed assessment of the Stockpile 5 drilling is required before any definitive comments can be made about the up-plunge extent of the Deacon mineralization and before a dedicated drill drive can be positioned.
Lanfranchi
A resource definition drill program has commenced to evaluate the next 80 vertical metres of down-plunge continuation of the Lanfranchi orebody. The program, which will be undertaken from an extended 15K hangingwall drill drive, will comprise 40 drill holes for 4,100 drill metres.
To date, 26 holes (LAN123-148) comprising 2,437 drill metres, have been completed with assay results received from the first 10 holes as summarized in the first table. The best result was returned from LAN127 grading 5.37 per cent Ni over 24.1 metres (true thickness projected to be approximately five to six metres thick; due to oblique angle of drilling). The results to date are in alignment with the historical nature (grades and thickness) of the Lanfranchi orebody and provide continued evidence for the mineralization at Lanfranchi to continue in a similar fashion.
SUMMARY OF LANFRANCHI DRILL RESULTS
Drill
Hole Id Depth From To intercept Ni %
LAN123 35.0 29.90 31.33 1.43 9.06
LAN124 59.1 42.00 45.00 3.00 1.61
LAN125 81.5 75.70 77.45 1.75 7.66
LAN126 59.0 35.00 38.00 3.00 1.04
LAN127 107.1 68.80 92.90 24.10 5.37
LAN128 51.2 37.00 38.70 1.70 4.64
LAN129 68.1 63.00 65.00 2.00 2.15
LAN130 85.2 78.00 78.87 0.87 0.51
LAN131 123.0 NSG
LAN132 154.4 NSG
Notes: NSR -- no significant result; RL -- mine level
measured in vertical metres; all other lengths
measured in metres
The drill rig currently stationed to perform the reserve/resource delineation drilling of the Lanfranchi extension will intermittently, throughout the drill plan, undertake other more time sensitive and higher priority drill projects, such as the upcoming stope definition drill program on the Winner orebody and the down-plunge platform EM hole at Deacon (see above). The drill will then return to continue the program at the Lanfranchi extension. Therefore results from this program may be released intermittently.
The Lanfranchi orebody, namesake of the Lanfranchi nickel mine, has been mined over a down-plunge length of 1.5 kilometres, with historical production totalling 1.4 million tonnes at 2.32 per cent Ni.
Tramways dome north drill program
Surface drilling to explore the northern side of the Tramways dome for possible overturned channel structures commenced during the quarter. Five drill holes on an east-west fence pattern at 200-metre drill centres have been completed to date, targeting the inferred overturned ultramafic komatiite/mafic basalt contact. All five holes have successfully intersected the overturned contact, providing strong support for the overturned dome model and dramatically increasing the prospective area to host nickel channels within the property boundaries.
Hole TD8030 collared in ultramafic and intersected one metre grading 3.4 per cent Ni on the upper contact. The presence of nickel mineralization proximal to the hinge of the overturned fold highlights the potential for the continuity of mineralization on the overturned contact of the Tramways dome.
The initial program will test a two-kilometre-wide section of the Northern Tramways area between 39,0000 mE and 392,000 mE. The program consists of 17 to 20 proposed drill holes for 8,000 to 9,000 drill metres and will cost approximately $1.2-million (Australian). The targeted nickel-sulphide channels are not exposed at surface and therefore, the Lanfranchi joint venture relies on down-hole geophysics as the primary tool for exploration discovery.
Down-hole geophysics will be performed on all the pertinent current and historic holes to determine the presence of near-hole conductors indicative of areas of mineralized sulphides. Drilling is planned to recommence on the highly prospective overturned contact once the geophysical survey has being completed and the results are compiled.
Schmitz
A program of deep EM holes was completed from the Schmitz hangingwall drill drive during the quarter. Four holes targeted the down-plunge continuation of the Schmitz orebody and a fifth drill hole was drilled to test the projected Skinner position further to the west. Very thin zones of "Schmitz-like" mineralization were intersected in SMT111 and SMT112. Drill holes SMT113 and 114, further down plunge, were essentially barren. SKN105 intersected some weak disseminated mineralization in the projected down-plunge Skinner position. Assay results are pending.
The Lanfranchi project is supervised by John Williamson, PGeol, of Edmonton, Alta. Mr. Williamson, chief executive officer and a director of Brilliant Mining, is the qualified person as defined in National Instrument 43-101.
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