Discovery to production averages 15.7 years for 127 mines | S&P Global Market Intelligence (spglobal.com)
Interestingly though Nova was brought online much faster than the average (Location Location) . 110 Kms to the south of Mulga Tank.
The first of the two deposits, Nova, was discovered in July 2012 while the second one, Bollinger, was discovered the following year in February.[2] The native title of the land the mine operates on is held by the Ngadju people, their claim to traditional ownership having been recognised by the Federal Court of Australia on 21 November 2014.[3]The project was originally owned by Sirius Resources, formerly Croesus Mining,[4] which commenced construction of the mine in January 2015. Construction of the mine was budgeted at A$443 million, with a start date of 2017 for production.
Major nickel discoveries remain scarce amid looming supply deficits | S&P Global Market Intelligence (spglobal.com)
In 2023, the multinational mining company Vale SA possessed the largest mining exploration budget for nickel worldwide, which amounted to 167 million U.S. dollars. In the same year, BHP Group Ltd. had the second-largest nickel mining exploration budget worldwide, valued at 77 million U.S. dollars.
The big boys have been busy spending lots of money every year with not much to show for it.SO when Australia's biggest discovery in 5 decades is official we should make a splash .
Dundee Corp have already come up with mine plans .
Nice work team WMG.
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