WINGELLINA NICKEL - COBALT PROJECT (MLX 100%) Wingellina Nickel–Cobalt Project is part of Metals X’s Central Musgrave Project which is the largest undeveloped nickel-cobalt deposit in Australia. The Central Musgrave Project has a Mineral Resource containing approximately 2.0Mt of nickel and 154,000t of cobalt within which Wingellina hosts an Ore Reserve of approximately 1.56Mt of nickel and 123,000t of cobalt (refer to the 2020 Annual Report). During the quarter the Company, with CSA Global, completed a strategic review of the options to advance the project. The scope of works included a business environment review of global lateritic nickel mines and development projects along with a gap analy
This was from the last Q report
Nickel is at $23,500 Aud MLX holders have been waiting for loooooooong time for hard news on this asset.
MLX Price at posting:
15.0¢ Sentiment: Hold Disclosure: Held
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