Nickel miner Sally Malay Mining Ltd has increased its nickel mineral resource at its Deacon deposit by 38 per cent to 58,100 tonnes of nickel.
Sally Malay previously said the resource, which is part of the Lanfranchi project joint venture, had 42,190 tonnes of nickel.
The company said the Deacon resource had now increased to 1.9 million tonnes at 3.04 per cent nickel for 58,100 tonnes.
Sally Malay said drilling from the hanging wall drill drive was completed at the beginning of April and the 44 underground drill holes, comprising 7,106 drill metres, formed the basis of its mineral resource upgrade.
The revised Deacon resource estimate makes the deposit about two and a half times the size of the resource at Helmut South, a project which Sally Malay said underpinned the original purchase of the Lanfranchi mine.
At 12.30 Sally Malay's share price was 3 per cent higher, or 15 cents, at $4.79.
