Located in southwest Togo (a two-hour drive from the capital, Lomé) and close to the railhead at Kpalime, the Haito Project is a highly prospective grassroots project with good development potential.
The project consists of three Exploration Permits issued for nickel and associated minerals. In May 2009, a JORC compliant Inferred Mineral Resource estimate was established for the Mont Kpote prospect by Datageo Geological Consultants. The estimate was based on assays from 94 pits excavated by the Group and 23 historical pits. This Inferred Mineral Resource was calculated with a cut-off grade of 0.7% nickel and has been estimated as 7.2Mt at 0.99% nickel.
Haito sits within the greater Kpote Deposit area, which has the potential to build 10-15Mt at 0.8-1.05% nickel. Should Premier's geological expectations be realised, a nickel mine at Haito could have a potential mine life in excess of 20 years. Higher-grade portions of the resource would be targeted during the first 10 years of mining.
The viability of the nickel resources at Kpote revolves around the atmospheric leachability of the laterite (i.e. acid consumption, leach times and iron residues). Premier intends funds permitting, to send four bulk samples for atmospheric acid leach testing and to develop further exploration at Haito once the results of this test work are known.