The company ended the year with cash, cash equivalents and short-term investments of CAN$207.0 million, up from CAN$203.0 million at the end of 2017.
2 million tpy of ore would be processed at the Greenvale site, producing an estimated annual average of 8500 t of cobalt, 53 500 t of nickel sulfate and 77 t of scandium oxide for at least 18 years.
Initial shallow drilling in the Central zone has intersected visually strong nickel sulphide mineralisation over significant widths to depths of 75 m.
Cementation Canada Inc. has been awarded the design and construction of the new internal underground shaft for the Onaping Depth Project at Craig Mine, part of Glencore’s Sudbury Integrated Nickel Operations (Sudbury INO) in northeastern Ontario.
The parties have agreed to a new method for calculating the royalty in respect of concentrates processed prospectively at Vale’s Long Harbour processing plant in Newfoundland and Labrador, Canada.
A joint venture between Millbrook Minerals and GeoMinera S.A has been signed for the exploration and development of mineral resources located in the Los Pasos project area.
1100 km2 of land has been released for exploration, a decision welcomed by the Chief Executive of Queensland Resources Council.
Mkango Resources has been granted an exclusive prospecting licence for the Chimimbe Hill deposit in in the Mchinji district of Central Malawi.