Mincor Resources announced that the board has approved the development plan for its Kambalda Nickel Operations in Western Australia, breaking its four-year hiatus and will begin ore production in December 2021 quarter.
The company is targeting its first nickel concentrate output in March 2022 quarter. Mincor had recently secured agreements for a $55mn loan facility to support project development.
The Kambalda project is expected to produce 71,000mt of nickel and 5,000mt of copper on a life-of-mine (LOM) basis.
Over 16,000mt of nickel-in-concentrate will be produced annually.
Driven by the electrification of the global transport fleet and the rapid growth of the lithium-ion battery industry, a new influx of nickel demand has emerged globally. Hence, the project is expected to be an integrated part of a supply chain to Asian markets for various industries, including the electric vehicle (EV) battery industry when it is fully developed, the company said.