Nigeria has hit a massive pay dirt with the discovery of a rare mineral resource in the northern part of the country.
According to Premium Times in a report it published on Monday, August 29, it quoted The Australian, an Australian national news daily as saying that a private mining syndicate headed by a mining industry veteran, Hugh Morgan made the discovery at Dangoma in the north-west state of Kaduna.
The discovery is unusual because the nickel is found in small balls up to 3mm in diameter of a high purity in shallow soils in what could be the surface expression of a much bigger hard-rock nickel field. The nickel balls, rumoured to grade better than 90 per cent nickel and thought to be a world first given their widespread distribution, offer the potential for early cashflow from a simple and low-cost screening operation to fund a full assessment of the find that has exploration circles buzzing.
It also quoted Morgan as saying that he expects the federal government of Nigeria to make an official announcement soon but reports by Olayinka Oyebode, the chief press secretary of minister of solid minerals development, Kayode Fayemi, said he had no details of the discovery yet.