The Company is pleased to advise that since the original Shareholder approvals of last year, CSRIO and the Australian Government Growth Partnership committed to provide technical services and a further $2 million to Direct Nickel which will result in an increase in their shareholding in the group. Once completed their total investment in Direct Nickel will be as much as $3.5 million.
The services and money are being applied to the construction of the plant at our Waterford site in Perth, facilitating the transition from laboratory-scale to industrial-scale demonstration of the new processes.
On behalf of the Company and the shareholders, I would like to thank CSIRO and the Australian Government Growth Partnership for their continued support.
DIR Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
