Ann: New Ni & Cu prospects defined at Mt Sholl - Amendment, page-5

I've heavily researched this and I work in the industry.

I don't think anything is going to change. Australian nickel is on life support.

In the short term the government is supporting the industry (e.g. royalty relief, being added to the Critical Minerals List) but long-term the Australian nickel industry is doomed. We are talking about significant structural changes.

For those uniformed: nickel prices boomed with the increase in EV demand and the Russian-Ukraine War. Indonesia in its pursuit to become an EV battery player massively increased production of nickel and flooded the nickel markets with supply. This increased supply saw prices massively fall to levels that are not sustainable for Australian miners. This isn't expected to change as Indonesia will continue to increase the nickel supply for decades to come at a very low cost.

Nickel is not where we want RDN going. It's a dead industry and I suspect the Australian government will pull off the bandaid at some point.