Nickel Mines Ltd. ( (AU:NIC) ) has shared an announcement.
Nickel Industries Limited has received approval from the Ministry of Mines for a feasibility study to increase ore sales at its Hengjaya Mine from 9 million to 19 million wet metric tonnes per year. This development marks a significant step towards boosting the company’s production capacity, with full approval expected by the second half of 2025, aligning with the commissioning of their Excelsior Nickel Cobalt HPAL project. The company anticipates that this expansion will enhance its operational capabilities and strengthen its market position.
More about Nickel Mines Ltd.
Nickel Industries Limited is a company operating in the mining industry, primarily focusing on nickel and cobalt production. The company is involved in ore sales and has a significant stake in the Hengjaya Mine, with a strong emphasis on sustainability and ESG practices.
YTD Price Performance: -16.67%
Average Trading Volume: 10,212,759
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$2.81B
See more data about NIC stock on TipRanks’ Stock Analysis page.