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The latest announcement is out from Nickel Mines Ltd. ( (AU:NIC) ).
Nickel Industries Limited has updated its disclosures related to the Sampala Project, retracting certain information that was not compliant with ASX regulations. The project features an exploration target of 350 to 700 million dry metric tonnes of nickel, enhancing the company’s self-sufficiency in nickel ore supply for its operations. The ongoing development and exploration efforts are likely to strengthen the company’s position in the nickel industry, potentially impacting its stakeholders positively.
More about Nickel Mines Ltd.
Nickel Industries Limited is a company in the mining industry, primarily focusing on the exploration and development of nickel and cobalt projects. The company is involved in the Sampala Project, consisting of advanced nickel-cobalt projects, and aims to support its downstream operations at the Indonesia Morowali Industrial Park.
YTD Price Performance: -10.37%
Average Trading Volume: 3,651,112
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$3.15B
See more data about NIC stock on TipRanks’ Stock Analysis page.
