Transcript
It’s Geoff Hiller, Director and CEO of Pacific Nickel Mines.
I’m here at Paydirt Nickel Conference in Perth to update investors and shareholders about the projects.
Our first project is the Kolosori Project, which is granted a mining lease last month.
And now we’ve got a clear pathway to production in 2023.
The Kolosori Project has a resource of around 6 million tons at 1.5% nickel, we’ll be producing, based on our Scoping study, production of around 1.3 million tons.
And it’s got an attractive, low capital $20 million to get this project up and going.
So we’re very confident in the economics of the project, and we’re looking forward to bringing this online next year.
The next step for the project is now that we’ve got the mining lease granted, is to complete the definitive feasibility study, or DFS, and that is required as part of a Glencore deal.
So once we’ve done that, Glencore can then do the site visit, and we’re looking for financing that will then lead into the development of the project.
And we’re looking to, later this year, build a wharf and start the whole road construction with getting a mining contractor early next year to start the project properly.
