Corcel plc has renewed its exploration licence 1165 to February 2024 for its 100% owned WoWo Gap cobalt-nickel project in Papua New Guinea. DEVELOPMENT The asset is part of the company’s recently announced restructure into an Asian-based joint venture. Corcel said it had of late focused on meeting commitments for the licence, which lies 200km from […]
Tag: nickel
Horizonte awards contracts to increase Araguaia production
Horizonte Minerals plc has awarded contracts aimed to increase nickel production by 100% to 29,000 tonnes per annum (TPA) over a 25-year mine life at its Araguaia project in northeast Brazil. OBJECTIVES The Line 2 feasibility study (FS) includes construction of a duplicate rotary kiln-electric furnace (RKEF) processing facility aimed to produce an NI 43-101 […]
Kavango nears drill-testing KSZ North conductors
Kavango Resources plc has moved closer to drill testing three previously identified B conductors in the Kalahari Suture Zone (KSZ) North project in southwest Botswana. B CONDUCTORS The company is targeting massive sulphide and IOCG* mineralisation for copper, nickel, platinum group metals, iron, gold and uranium on 15 prospecting licences covering 8,323km2. Kavango added that […]
Corcel progresses PNG non-operating strategy
Corcel plc has restructured its nickel-cobalt assets in Papua New Guinea by signing a 50-50 joint venture (JV) deal to create a new carried vehicle. JOINT VENTURE JV partner Integrated Energy Metals (IEM) is a new American company whose website states is focused on building “a world class battery supply chain”. The companies will establish Integrated […]
Horizonte draws down $50m from second tranche of senior debt
Horizonte Minerals has drawn down US$50 million from the second tranche of its senior debt facility of $346.2m to fund construction of its 100%-owned Araguaia nickel project in Brazil. REMAINING CAPITAL A total $465 million capital expenditure awarded to date has included payment for the majority of the key long lead items. The remaining project […]
Horizonte awards mining services contract for Araguaia
Horizonte Minerals plc has awarded a five-year mining services agreement to secure services for mining, stock pile generation, plant feeding and slag handling activities at its 100%-owned Araguaia nickel project in Brazil. MINING FLEET The contract with Fagundes Construção e Mineração further de-risks the project and ensures that “operational costs will be in the lower […]