Kolosori nickel project, Solomon Islands
Saprolite on stockpile pad
Photo by Pacific Nickel
Name of the Project
Kolosori nickel project.
Location
Solomon Islands.
Project Owner/s
Pacific Nickel.
Project Description
The Kolosori nickel project is an advanced stage direct shipping ore nickel laterite project progressing to development.
The Kolosori project has a Joint Ore Reserves Committee-compliant mineral resource estimated of 6.02-milllion tonnes at 1.52% nickel.
The scoping study on the project envisages estimated production of 1.3-million tonnes a year at 1.5% nickel for 19 500 t of contained nickel.
Potential Job Creation
Not stated.
Net Present Value/Internal Rate of Return
The project has an estimated net present value of A$85-million and an internal rate of return of 152%, with a payback of one year.
Capital Expenditure
The project is estimated at $20-million.
Planned Start/End Date
Direct shipping ore production is expected to start in the third quarter of 2023.
Latest Developments
None stated.
Key Contracts, Suppliers and Consultants
Resindo (DFS manager and front-end engineering design); and HBS PNG early contractor arrangement).
Contact Details for Project Information
Pacific Nickel, tel +61 403 940 518 or email info@pacificnickel.com.
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