Los Cerros (AU:LCL) has released an update.
Los Cerros has announced the discovery of significant nickel laterite mineralization at their Wedei prospect in Papua New Guinea, with test pits across a 5.5km x 4.5km area showing high-grade nickel deposits. The prospect, which is one of the largest nickel anomalies in the country, remains open in every direction, indicating the potential for further exploration and resource expansion. Notably, 18 out of 30 test pits returned nickel values over 1%, underscoring the high tenor of the deposit.
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