1.18P

Corcel owns 41% of license EL1390 covering 256km2 near Kokoda in Papua New Guinea

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.

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)

MambareMTNickel %Cobalt %
Indicated3.31.000.07
Inferred159.20.940.09
Total162.50.940.09
Contained Metal (KT)-1528146.25

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.

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