Ursa Major Minerals Inc. will ship 10,000 tonnes of nickel-copper ore from their Shakespeare mining operation, located 70 kilometres west of Sudbury, to Xstrata Nickel's Strathcona mill in the city for processing.
The ore delivery is to be completed by the end of June, the company release stated. The property benefits from the recent copper gains since the deposit possesses more copper than nickel. Platinum has also shown recent improvements and is a significant component of their reserve.
Ursa Major suspended operations at their Shakespeare mine since October and CEO Richard Sutcliffe said they have no financial obligations, “other than limited maintenance costs and property taxes,” required to maintain the project.
Sutcliffe said they will be able to quickly return to regular operations once “conditions permit.”
“We are currently evaluating the opportunity to restart shipments to Xstrata should there be a modest improvement in base metal prices,” he said.
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