The Bend Nickel Project, which contains the historically-drilled Bend Nickel Deposit ('Bend'), is located along the southeastern margin of the Zimbabwe Craton.
Armada has the right to earn an initial 50% of the Bend Nickel Project, increasing to 80% via a two-stage earn-in process.
The Project covers an area of approximately 12km2, within which Bend is located.
Bend was initially discovered by Anglo-American Prospecting Ventures in 1971, and subsequently drilled in the 1990s, with significant nickel intercepts reported from these programs.
Fast Track to potential significant mineralisation in Zimbabwe
A total of 2,500m has been drilled in nine drill holes by Armada, intersecting Ni-Cu-PGE sulphides from surface to depths of 400m.
Bend is a primary Ni-Cu-PGE sulphide deposit hosted in ultramafic komatiitic dunite sequences analagous to Western Australian nickel-copper complexes hosting Kambalda-style deposits.
All nine drill holes have intersected visible magmatic sulphides with highlights including:
BNDDD001: 16.65m @ 0.64% Ni, 0.07% Cu, 0.013% Co, 0.15g/t Pt, 0.47g/t Pd and 0.04g/t Au from 118.4m. A lower mineralised zone returned 1.13m @ 1.86% Ni, 0.37% Cu and 0.020% Co, 0.56g/t Pt, 1.95g/t Pd and 0.12g/t Au from 244.51m in a broader mineralised interval of 5.77m @ 0.75% Ni, 0.15% Cu and 0.013% Co, 0.20g/t Pt, 0.68g/t Pd and 0.04g/t Au from 242.87m.
BNDDD002: 5.45m @ 2.46% Ni, 1.03% Cu, 0.028% Co, 1.28g/t Pt, 3.22g/t Pd and 0.33g/t Au from 375.55m including 0.76m @ 10.33% Ni, 2.24% Cu, 0.097% Co, 4.30g/t Pt, 11.97g/t Pd and 0.47g/t Au from 379.38m.
BNDDD005 returned an upper mineralised zone of 10.00m @ 0.75% Ni, 0.08% Cu, 0.014% Co, 0.20g/t Pt, 0.61g/t Pd and 0.15g/t Au from 45.00m including 1.18m @ 2.49% Ni, 0.31% Cu, 0.026% Co, 0.92g/t Pt, 2.89g/t Pd and 0.23g/t Au from 51.00m.
Further work at Bend will include infill and step-out drilling supported by additional geophysical surveys, surface sampling and mapping to determine the full scale and extent of the mineralisation footprint and resource potential.
"ARMADA’S AIM IS TO APPLY THE TECHNICAL TEAM’S EXPERIENCE AND RAPIDLY DEPLOY THE COMPANYS MAGMATIC SYSTEMS TOOLKIT TO FASTTRACK EXPLORATION AND DRILLING AT THE ADAVANCED DRILL-READY BEND NICKEL PROJECT."
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