Nickel Projects
Nickel is key to the energy transition and essential for EVs and energy storage. The Western World urgently needs reliably and responsibly sourced raw materials, close to end users such as Europe’s car manufacturers.
Black Schist Projects, Finland
- Kainuu Schist Belt – economically important 200km geological formation
- Project has 57.1Mt JORC Inferred resource (see below)
- Expansion opportunity to 200Mt
- Adjacent to Europe’s largest operating nickel mine (Terrafame mine)
- Drill tested to reveal significant similar style mineralisation
- Targeting low-cost production of “class 1” high-purity nickel sulphate from open pit mine through bio-heap leaching, like Terrafame mine
- Preliminary analysis (2024) shows project economics are highly leveraged to anticipated rising nickel price in tier-1 jurisdiction
- Applying for Strategic Project Status under EU Critical Raw Materials Act - enhanced access to project financing among other advantages
Ownership
94%
(Option for 100%)
Size
706 km²
Metals
Ni, Zi, Cu, Co
JORC Mineral Resource Estimate (Gross)
Tonnes Mt | Ni % | Cu % | Co % | Zn % | Ni kt | Cu kt | Co kt | Zn kt | |
|---|---|---|---|---|---|---|---|---|---|
R1 Inferred Resource† | 28.1 | 0.19 | 0.10 | 0.01 | 0.38 | 53.8 | 27.9 | 3.4 | 180.0 |
P5 Inferred Resource | 29.0 | 0.18 | 0.08 | 0.01 | 0.33 | 52.0 | 24.0 | 3.5 | 96.0 |
TOTAL | 57.1 | 0.18 | 0.09 | 0.01 | 0.35 | 105.8 | 51.9 | 6.9 | 276.0 |
View our Finland webpage for information about our Finland operations in Finnish.
Katso tietoa Suomen toiminnastamme suomeksi Suomen verkkosivuiltamme.
Norway - Råna Project
- Within Råna Intrusion, analogous to Voisey’s Bay (Canada) world-class Ni-Cu-PGE deposit
- Proven potential for massive sulphide Ni-Cu-Co mineralisation
- Encircles previously producing underground Bruvann Mine
- Deep-water port and low-cost green power - ideally located to supply to Europe’s major EV car manufacturers
- 37 km by main road from Narvik deep-water port - ice-free all year
- Kingsrose (ASX: KRM) is farming in for up to 75% over 8 years, through staged spend of up to A$15M (currently at 51% after 5,000m drilling) – Metals One fully carried
- 2023/4 drilling discovered Ni-Cu-Co mineralisation, open along strike and down dip – confirming scale potential
Ownership
39%
Size
18 km²
Metals
Ni, Cu, Co
