(Adds details in paragraph 2-4)
July 3 (Reuters) - Australian diversified miner Chalice Mining (CHN) signed an agreement on Wednesday with Japan's Mitsubishi Corp 8058.T to develop its Gonneville PGE-Nickel-Copper-Cobalt Project, located in Western Australia.
Under the deal, the Japanese conglomerate will collaborate on the technical, financing, marketing and offtake aspects of the project, which is currently undergoing a pre-feasibility study, expected to end by mid 2025.
The memorandum of understanding also provides an intention of a possible strategic partnership with Mitsubishi to develop the greenfield project, the Australian miner added.
The company also said they are targeting a final investment decision on the project in late 2026.
News: CHN UPDATE 1-Australia's Chalice Mining inks deal with Mitsubishi to develop WA project
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