Innouendy WA - Nickel Exploration Program Underway, page-5

It is the best time in Australia's History for Desert Metals to be exploring for Nickel Sulphides in WA.

The Nickel Price is already 2x higher than when Sirius Discovered Nova Bollinger, seeing that the Nickel Inventories have fallen below the 2019 lows this week.





There is just not enough new nickel sulphide supply coming to market to replenish the inventories on the LME and other metals exchanges.

We should really see the nickel price lift ~30-40% from here to avoid another short squeeze, which saw the Nickel Price spike to $US100,000/tonne ($A133,000/tonne or 9x higher than when SIR discovered Nova Bollinger) in March 2022.