I wonder what Tivan (TIV) may want to do with this asset. I can't imagine that it is simply going to stay sitting in Care and Maintenance going forward, with the projected demand for nickel this could be extremely valuable to Tivan. Do Mesmeric Enterprises still hold the majority 80%?. Do Norilsk have a mill somewhere nearby?
Cawse ExtendedThe Cawse Extended Project which is currently under care and maintenance is operated by Mesmeric Enterprises Pty Ltd who hold at 80% interest in the project. TNG’s interest in the Cawse Extended Project is 20% free-carried to production, convertible at the Company’s election to a 2% net smelter return.
TNG believes that Cawse Extended will continue to be an important ore source for Norilsk in the long term and provide a potential cash flow for TNG Ltd.
As the world searches for safe, low-cost big batteries, an old Australian invention is getting new attention, page-4
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