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Nickel Industries Continues Strong Ramp-Up at Oracle Nickel Project, Achieving Record Quarterly RKEF Production Nickel Industries Limited

Nickel Industries Continues Strong Ramp-Up at Oracle Nickel Project, Achieving Record Quarterly RKEF Production

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Nickel Industries Limited (‘Nickel Industries’ or ‘the Company’) has achieved record Quarterly Rotary Kiln Electric Furnace (RKEF) production at 32,558 tonnes of nickel metal for the June quarter. The remarkable outcome represents a consistent growth trajectory since the commissioning of the Angel Nickel Project (‘ANI’) in Q1 2022 and marks the ongoing ramp-up of the Oracle Nickel Project (‘ONI’).

Nickel Industries Managing Director, David Hammond, lauded the achievement, stating, “Another record quarter of production highlights the ongoing and efficient ramp-up of the Oracle Nickel Project. We are confident that our investment in ONI provides us with the potential to deliver a large low-cost nickel-sulphate product. ”

The Company's consistent growth trajectory is evident in the quarterly production of the ONI. For comparison, the Q2 2022 production was 16,757 tonnes, while that of Q1 this year was 22,222 tonnes. The ONI project is a fully integrated, low-cost producer of nickel sulphate products and has a planned production capacity of 50,000 tonnes per annum.

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Hammond added, “In addition to the minable ore reserve, we have a massive untested near-surface geophysical anomaly that could provide an extended mine life, given nickel sulphate is rapidly emerging as a critical component of the electric vehicle, wind power and lithium-ion battery sectors. ”

Nickel Industries continues to focus on delivering low-cost nickel sulphate products and aims to expand the ONI project's production to meet the growing demand for nickel sulphate globally.

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