Hot money chasing WA nickel

BHP has flagged building new mines and big investments in upgrading processing capacity within the Nickel West business in Western Australia on the back of signing a deal to supply Elon Musk’s Tesla.

BHP needs more nickel quickly to supply Telsa.
But competition is fierce.
BHP has now been stymied in its TO for Wyloo
WSA is defending against a TO for its nickel.

Cannon has a relatively small but high grade JORC complaint resource in WA.

CNR's Fisher East Nickel Project is located approximately 430km north of Kalgoorlie, 223km north of Leonora and 145km northeast of Leinster in the North-Eastern Goldfields region. The project consists of eleven granted exploration licences covering a total of 330.6km².

The project contains three nickel sulphide deposits consisting of Camelwood, Cannonball and Musket discovered by Rox Resources over the period 2012 – 2014. These deposits are typical Archean komatiite-associated deposits having affinities with Kambalda-style Type 1 contact ores.

The mineralisation identified to date consists of massive, matrix and disseminated nickel sulphides, with a combined JORC 2012 Mineral Resource estimate of 4.1Mt at 1.86% Ni for 78 kT contained Ni. All three deposits remain open at depth and along strike.

There are also significant nickel exploration targets at multiple prospects on the same basal contact that hosts the Camelwood Group of deposits. There is over 20 km of strike of the contact ore position; – all contained with the Cannon tenure. Significant targets with known anomalous nickel mineralisation include the Cutlass, Sabre and Tomahawk prospects.

BHP growth plans to shape nickel sector consolidation

BHP is expected to keep a close eye on consolidation in the nickel sector sparked by what is emerging as a $1 billion-plus IGO Limited takeover tilt for fellow nickel miner Western Areas.

BHP has flagged building new mines and big investments in upgrading processing capacity within the Nickel West business in Western Australia on the back of signing a deal to supply Elon Musk’s Tesla.

Nickel miner Western Areas powers up defence as suitor circleshttps://www.copyright link/street-talk/nickel-miner-western-areas-powers-up-defence-as-suitor-circles-20210818-p58jvm

BHP’s Noront bid hits impasse as Wyloo won’t budge

MINING.COM Staff Writer | August 19, 2021 | 9:53 am Battery Metals Markets Top Companies Canada Nickel

Wyloo Metals, the top shareholder of Noront Resources (TSXV: NOT), said on Thursday that it does not intend to support or tender the offer made by BHP to acquire Noront, and is considering making a “superior” offer to acquire the remaining stake in the Canadian nickel miner.

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