Oro Nickel is developing the recognised world class nickel-cobalt resource at Mambare in PNG. Recent progress means we have now have a beneficial interest of 66%+ in Oro Nickel as well as Manager rights. This is 65% direct interest in the company plus shares and warrants in the junior shareholder. The Mambare project is in advanced stages of operational planning for DSO operations. In 2021 the Environmental Permit was granted and in Nov 2021 most issues re the grant of a pending Mining Lease were resolved. The 2022 mid year elections have slowed down approval and shipping could now commence in 2025 if a Mining Lease is granted in 2023.
Click here for further information.
We are the 2nd largest shareholder in Altilium Group - whose proven DNi process for extracting valuable metals from laterites, is the most environmentally friendly means of extracting nickel, cobalt, scandium, iron, magnesium, alumina and other metals from laterite ore as saleable products, including as battery grade inputs. ASX:QPM is the first licensee and other licensees are in advanced discussions. Click here for further information.