Bellzone Mining plc announced a new Mineral Resource Estimate reported in accordance with the JORC Code by CSA Global Pty Ltd. The MRE is focused on areas of the Kalia Project where nickel mineralisation occurs in conjunction with iron within the laterite profile. In the evaluation of Ore Reserves in an area known as Kalia Northwest (Kalia NW) for the Company's 100% owned Kalia Project 1, it was noted that in certain areas, weathering processes have formed an iron (goethite/haematite) and nickel-enriched laterite profile over an underlying ultramafic intrusion. In addition to high iron content, many samples within the weathering profile have nickel mineralization consistent with lateritic enrichment, with values up to 2.5% Ni being recorded.

On July 15, 2015 the company published an update announcing that a strategic review had highlighted the presence of nickel laterite mineralisation at Kalia NW. The company recognized that this provided a potential alternative pathway to commence iron ore mining at Kalia, producing nickel pig iron or ferronickel on site. The Company commissioned CSA Global to commence work on an initial MRE under the JORC Code.

CSA Global has now completed and provided Bellzone with its MRE report that confirms a maiden nickel JORC Mineral Resource Estimate. Initial scoping by Bellzone suggests that the quantity of resources is more than adequate to support further studies to assess the viability of developing a modular NPI or ferronickel production facility in Guinea. The new MRE is based solely on data collected during the iron exploration phase of the project.