Mincor has confirmed a 132 per cent increase to its nickel sulphide reserves in the Kambalda district, Western Australia.
Andrew Forrest has increased his stake in Mincor Resources by purchasing more than six million shares via Squadron Resources.
Mincor’s nickel restart plan has been boosted by a third successive increase in its mineral resource average nickel grade, despite prices remaining volatile throughout the December 2019 quarter.
Mincor Resources has seen another standout nickel hit at its Cassini sulphide deposit in the Kambalda region of Western Australia.
Nickel prices have surged to the highest levels in five years amidst global supply fears stemming from Indonesia.
Mincor Resources has finalised its offtake agreement with BHP Billiton Nickel West, marking a major step towards restarting nickel sulphide mining in the Kambalda district of Western Australia.
Mincor has completed the final drafting of its offtake agreement with BHP Nickel West regarding material from Mincor’s Kambalda nickel sulphide business.
Mincor Resources will raise up to $23 million to fast-track its plans to restart high-grade nickel sulphide mining near Kambalda in Western Australia.
Mincor Resources commenced its diamond drilling program to test for extensions to its Cassini nickel sulphide deposit at the region.
Eastern Goldfields-based Mincor Resources has poured first gold at its 100 per cent-owned Widgiemooltha gold project in Western Australia.
Mincor has announced approvals for its 100 per cent-owned Widgiemooltha gold project in Western Australia, managed by Goldfields Technical Services (GTS).
Mincor Resources is on track to start full-scale mining operations at the Widgiemooltha gold project in Western Australia this quarter.