Corcel owns 41% of license EL1390 covering 256km2 near Kokoda in Papua New Guinea
Mambare
Key Facts
Nickel-Cobalt Deposit
Located in Eastern Papua New Guinea
Corcel owns 41% of license EL1390 covering 256km2
JORC Resource of 162.5 million tonnes @ 0.94% Ni and 0.09% Co (1.53 million tonnes of nickel)
Overview
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 % |
| Indicated | 3.3 | 1.00 | 0.07 |
| Inferred | 159.2 | 0.94 | 0.09 |
| Total | 162.5 | 0.94 | 0.09 |
| 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.