Nickel Mines acquires 100% interest in Siduarsi nickel-cobalt project

Australian mining company Nickel Mines has acquired 100% of the interest in the Siduarsi nickel-cobalt project in the Papua province of Indonesia, it said in a press release published on Thursday September 2.

The Siduarsi site covers 16,470 hectares, with the highest individual grades of 2.07% nickel and 0.36% cobalt recorded across a 1-meter vertical channel sample.
The project's potential was promising, the announcement said. The site is located along from the Ramu nickel-cobalt project in Papua-New Guinea, which produced 33,000 tonnes of nickel and 3,000 tonnes of cobalt in 2020.

"We are pleased to have secured... the opportunity to acquire a potentially large-scale,...

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