(via NewsDirect)
“This option with Alchemy completes significant local ‘consolidation’ of nickel-cobalt assets in the region and underpins a planned spinout of Ionick Metals from Helix,” Rosenstreich said.
“We appreciate the support of Alchemy to combine these nickel-cobalt assets into what we plan to be a stand-alone vehicle, Ionick Metals, to commercialise them.
“A key objective for Ionick will be to define a large-scale high-grade mineral resource estimate greater than roughly 80 million tonnes.
“We think this is a threshold for a ‘meaningful’ scale nickel project in terms of production output and mine life to initiate the appropriate feasibility work.”
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