Looks good for a nickel miner with a market cap of only $21M: -
Successful transition from development to production in the Area 57 ore-body.
Ore treated for the quarter was 15,713 tonnes at 2.35% nickel for 369 contained nickel tonnes.
Cash cost of $A 3.85 per pound and average nickel price received was $A 8.03 per pound for the quarter.
Significant improvement in the understanding of the stratigraphic and structural setting on the Blair leases with the completion of the ultradetailed aero-magnetic survey.
Cash position of $1.8 million and project loan free after repayment of $1.95 million to Rothschild and current nickel hedge position of 282 tonnes at $A20,001 per tonne.
Looks good for a nickel miner with a market cap of only $21M: -...
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