The new resource includes 813 million tonnes of indicated material grading 0.29% nickel equivalent.

Compared to the last resource estimate in October 2022, the indicated ounces represent a 4% increase.

Its flagship copper-gold project has been put on hold since November 2020 after a civil war broke out in the Tigray Region.

The AurMac project lies 30 km from Victoria Gold’s Eagle gold project and adjacent to Hecla Mining’s Keno Hill silver mine.

There are now 2.34 billion tonnes of material grading 3,196 parts per million total rare earth oxides.

The new numbers represent a 1% increase in tonnage, but the overall grade increased by 11%.

Talisker is working on 15,000 metres of resource conversion drilling in preparation for resuming production.

The company reported results from the first six drill holes of the ongoing 9,000 metre Carn Brea drill program.