Bahia Metals files NI 43-101 technical report for initial 313 million tonne mangueiros main inferred mineral resource estimate
2026-10-10 11:17:08 [Print]
Bahia Metals Corp. has announced the filing on SEDAR+ of an independent Technical Report prepared in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects, supporting the initial Mineral Resource Estimate for its Mangueiros Main Nickel-Copper-Cobalt Sulphide Project in Bahia State, Brazil.
Large initial Mineral Resource: 313 million tonnes of pit-constrained Inferred Mineral Resources grading 0.18% nickel sulphide ("NiS"), 0.22% total nickel ("NiT"), 0.13% copper ("Cu") and 0.015% cobalt ("Co").
Equivalent grades: 0.27% nickel sulphide equivalent ("NiSEq") and 0.33% nickel total equivalent ("NiTEq").
Significant copper and cobalt contribution across the entire resource: Across the full 313 million-tonne Mineral Resource, copper and cobalt increase the grade from 0.22% NiT to 0.33% NiTEq. This represents a 50% uplift over the total nickel grade, with copper and cobalt collectively contributing approximately one-third of the reported NiTEq grade.
Substantial contained-metal inventory: Approximately 554,000 tonnes NiS, 675,000 tonnes NiT, 411,000 tonnes Cu and 46,000 tonnes Co.
Pit-constrained Mineral Resource: The Mineral Resource is constrained within a conceptual open pit and reported at a 0.09% NiSEq cut-off grade.
Large initial Mineral Resource: 313 million tonnes of pit-constrained Inferred Mineral Resources grading 0.18% nickel sulphide ("NiS"), 0.22% total nickel ("NiT"), 0.13% copper ("Cu") and 0.015% cobalt ("Co").
Equivalent grades: 0.27% nickel sulphide equivalent ("NiSEq") and 0.33% nickel total equivalent ("NiTEq").
Significant copper and cobalt contribution across the entire resource: Across the full 313 million-tonne Mineral Resource, copper and cobalt increase the grade from 0.22% NiT to 0.33% NiTEq. This represents a 50% uplift over the total nickel grade, with copper and cobalt collectively contributing approximately one-third of the reported NiTEq grade.
Substantial contained-metal inventory: Approximately 554,000 tonnes NiS, 675,000 tonnes NiT, 411,000 tonnes Cu and 46,000 tonnes Co.
Pit-constrained Mineral Resource: The Mineral Resource is constrained within a conceptual open pit and reported at a 0.09% NiSEq cut-off grade.
Cobalt Tetroxide 73.5%min Delivered China
Unit:RMB/kg
China cobalt carbonate producers' inventory statistics by province by month
Unit: mt
