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Black Swan Restart Project Update 12 July 2022KEY POINTS
Solid progress being made on Feasibility Study
Combined underground high-grade and open pit disseminated Mineral Resources of 29.8Mt @ 0.69% Ni for 206kt nickel contained
Mineral Resource update and other developments underpin opportunity to study utilising the maximum available plant capacity of 2.2Mtpa
Preliminary metallurgical testwork demonstrates amenability of concentrates produced from both serpentinite and talc carbonate ore types to pressure oxidation for refinery feed
Internal preliminary economic assessment supports various restart options
Continued strong interest from potential offtake parties and financiers for Black Swan restart
Discussions continuing with Pure Battery Technologies on offtake for their proposed Kalgoorlie refinery
Direct shipped ore option shows sub-optimal economics
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