If you look at the Cash outgoing for the PTHM at around 30M/Quarter. That is the cost of mining 3.6MT of ore this
quarter while we merely sold 1M T for both Saprolite and Limonite Combine.
The stockpile has reached 11M T for limonite. NIC will cash on in this stockpile this quarter when it sell
2.6MT of Limonite via the Haul Road, So Cash flow should improve from now on as we also have paid
all RKEF progressive payments and Options.
Excerpts from the WEB CAST that I can remember.
1. Sale of Limonite Ore and Saprolite ore targeting 10Mt/Annum commencing this Quarter.
Saprolite ore will continue via Barge. While Limonite ore will be using Haul Road using
potential escalation to 140 Trucks.
2, NIC comfortable to Finance ENC but welcome any participant to share in the 55%,
Lots of parties interested including North Americans.
3. A question on the Jakarta Biden Nickel Deal, Answer from NIC , US willing to include
Indonesia in the IRA because North America(Canada) + Others(Australia) won't be able
to meet the vast amount of nickel needed by US.
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