Home BUSINESS “Big money” nickel discovered in Nigeria

“Big money” nickel discovered in Nigeria

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According to The Australian, an Australian national newspaper, a private Australian consortium has discovered a potentially “world class and highly unusual” Nickel deposit in Nigeria.Nickel discovered in NigeriaThe private mining firm is reportedly headed by Hugh Morgan, a mining industry veteran.

“The discovery is unusual because the nickel is found in small balls up to 3mm in diameter of a high purity in shallow soils in what could be the surface expression of a much bigger hard-rock nickel field,” the newspaper said.

“The nickel balls, rumoured to grade better than 90 per cent nickel and thought to be a world first given their widespread distribution, offer the potential for early cashflow from a simple and low-cost screening operation to fund a full assessment of the find that has exploration circles buzzing.”

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Details of the discovery are sketchy, according to the newspaper, but it was rumoured to be close to Dangoma, a small farming town about 160km northeast of the Nigerian capital of Abuja.

Dangoma is located in the North-West state of Kaduna.

When asked to comment, Mr Morgan reportedly said it was for the Nigerian government to make an announcement.

Dr. Kayode Fayemi, Nigeria’s Minister for Solid Minerals, will be among the speakers at a three-day Africa Down Under mining conference at Perth’s Pan Pacific Hotel, Australia, in September.

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Mr. Fayemi is to speak first on Wednesday, September 7, and Mr Morgan will follow along with consulting geologist Louisa Lawrance. Mr Morgan is listed as speaking as a director of the private company Comet Minerals.

The world’s largest producers of Nickel include The Philippines, Indonesia, Russia, Canada, and Australia, according to the US Geological Survey.

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