Corcel owns 41% of license EL1390 covering 256km2 near Kokoda in Papua New Guinea
100% owned by Oro Nickel – a joint-venture between Corcel Plc (41%) and Battery Metals Pty Ltd (59%). The project is licensed to use Direct Nickel’s revolutionary nickel laterite treatment process.
MINERAL RESOURCE ESTIMATE (JORC COMPLIANT - 2012)
|Mambare||MT||Nickel %||Cobalt %|
|Contained Metal (KT)||–||1528||146.25|
Location and Geology
With ‹3% of Mambare’s 80 sq km main target (plateau) drill tested to date, the project potentially holds one of the world’s largest nickel laterite deposits. The pairing of massive scale and low-cost processing makes a highly compelling value proposition. The joint venture partners are currently pursuing a mining lease at the site, which would ultimately allow a direct shipping ore (“DSO”) operation to begin at the project.