Nickel Mines Ltd. (AU:NIC) has released an update.
Nickel Mines Ltd. has completed the acquisition of a 51% stake in the Siduarsi Project in Indonesia, with plans to increase ownership to 100%. The project boasts an initial JORC-compliant Mineral Resource estimate of 52 million dry metric tons, containing 1.1% nickel and 0.1% cobalt. This significant finding covers only a fraction of the total 16,470 hectares permit area, indicating substantial potential for future resource expansion.
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