sydney morning herald piece

From todays Business section in SMH:


Sydney's Allegiance Mining is about to open its Avebury mine in Tasmania, but after drilling a few promising holes to the east, the company reckons it could eventually have a second mine of equal size in the same region.
Allegiance has cut a $1.3 billion offtake deal with China's Jinchuan Nickel Group covering the Avebury underground mine. It is also negotiating a deal with Bluestone Tin to modify the shuttered Renison mill to produce nickel concentrate earlier than expected. Given the high prices and short supply of nickel, Allegiance wants to cash in as soon as it can.

Although it is early days, production from the potential second mine is still up for grabs. But nickel-hungry Jinchuan is likely to be at the top of the list of interested parties. It's believed chairman Tony Howland-Rose has already raised the possibility of a second deal with the Chinese.

Allegiance shares closed 0.5c higher at 31.5c.