First Class Metals plc said it was “cautiously optimistic” following results of further high grade nickel sulphides at the West Pickle Lake earn-in at its Canadian Schreiber-Hemlo and Sunbeam project. POTENTIAL The joint venture lies on the eastern flank of FCM’s 100% owned principal North Hemlo project. Partner and operator Palladium One Inc has the option […]
Tag: cobalt
Corcel signs Papua New Guinea-Argentina MoU
Corcel plc has signed a memorandum of understanding for a proposed 50-50 joint venture to include its nickel-cobalt interests in Papua New Guinea. RESTRUCTURE Corcel and Shandong New Powder COSMO AM&T (NPC)’s JV company will be named Integrated Battery Metals (IBM). The partners intend to create a Singapore-based JV comprising Corcel’s Mambare and Wowo Gap […]
Horizonte awards feasibility study to Wood for Vermelho
Horizonte Minerals plc has chosen Wood plc for the principal engineering contract to conduct the feasibility study (FS) for its Vermelho nickel-cobalt project in the Pará State, northeast Brazil. VERMELHO Vermelho lies in the Carajás mining district which has developed infrastructure and hydroelectric power as a result of sustained mining activities. The company’s flagship nickel […]
Red Rock signs new Haut-Katanga JV
Red Rock Resources plc announced a new cobalt joint venture (JV) in Haut-Katanga, the Democratic Republic of Congo (DRC). JOINT VENTURE The company’s subsidiary Red Rock Resources Congo SAU (RRRC) entered into an agreement with the Société d’Investissement Minier Akon et Sodimico S.A. (Simaks). The deal will see Red Rock acquire 58% in the Kimono […]
Corcel urged on binding offtake for nickel-cobalt
Corcel plc said its proposed off-take partner had asked the company to move to a binding agreement for supplies from the Mambare and Wowo Gap nickel-cobalt projects in Papua New Guinea. DIRECT SHIPPING In January 2022, the company signed a non-binding memorandum of understanding (MOU) with Shandong New Powder Cosmo AM&T (NPC). A representative of […]
Corcel receives analysis report for Wowo Gap
Corcel plc said it had received its externally commissioned Gap analysis report for its Wowo Gap lateritic nickel-cobalt project (100%) in Papua New Guinea. GAP ANALYSIS AMC Consultants Pty Ltd prepared the Gap analysis which builds on the project’s previous owners’ 2010 feasibility study and the 2016 direct shipping ore (DSO) study. The report includes […]