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Mining starts at Kolosori

2nd October 2023

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

     

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PERTH (miningweekly.com) – ASX-listed Pacific Nickel Mines has started saprolite nickel ore mining at its Kolosori project, on the Solomon Islands.

“The first mining of saprolite ore for shipment is a significant milestone for the company and another step towards first revenue for the company from the Kolosori nickel project,” said CEO Geoff Hiller.

Pacific Nickel Mines is using $22-million in funding provided by major Glencore to develop the Kolosori project, which could produce 1.4-million tonnes a year of ore over a mine life of three years, and at a C1 cost of $31.08/t.

The ore being mined at Kolosori is being delivered to stockpile pads near the wharf in preparation for the first shipment of direct shipping ore, which is anticipated in November.

Edited by Creamer Media Reporter

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