Minrex Resources nudging north today after announcing its maiden inferred mineral resource estimate for the Pacific Highway prospect within the Pacific Express project at: 697,000t @ 1,157ppm Co, 9,043ppm Ni and 39.5 ppm Sc (cut-off 600ppm Co). This translates to contained metal of 806t cobalt, 6,301t nickel and 27.5t scandium.
MRR has been trading sideways between 5c and 6c for more than a month and a half and has formed a solid base of support at 5c. The last few trading sessions have seen some accumulation and it has moved north on good volume today following the announcement.
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