NIC 0.00% 98.0¢ nickel industries limited

Ann: Half Year Results Presentation, page-41

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    Guess NIC will have to present the FID on ENC Project by 29 September 2023.
    As below . Only 2 weeks to go. Hopefully they will release it by next week at least.


    Collaboration Agreement with DTN
    In addition, the Directors of the Company are pleased to announce that the Company has executed a conditional
    Collaboration Agreement with DTN. Under the terms of the Collaboration Agreement, DTN intends to
    participate in the acquisition of a 20% equity interest in the ENC Project, reducing Nickel Industries’
    investment in the ENC Project by a similar amount. The Collaboration Agreement is subject to certain
    conditions precedent including completion of a feasibility study and Nickel Industries making a final
    investment decision (‘FID’) to proceed with the ENC Project. If the conditions precedent are not satisfied by
    29 September 2023 either party may terminate the Collaboration Agreement.
 
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