Canada-based Nickel 28’s project revenues from Ramu in Q2 2021 were reported over $218mn on the back of strong nickel and cobalt prices.
Quarterly sales of contained nickel were reported at 10,975mt and 1,004mt of cobalt in mixed hydroxide (MHP). Production in the same quarter was 7,773mt of contained nickel and 718mt of cobalt in MHP.
Strong quarter-end cash balance at $4.6mn, provides ample liquidity, highlights the company in their financial report.
Nickel 28 Capital Corp is a nickel-cobalt producer through its 8.56pc joint-venture interest in producing, long-life and world-class Ramu Nickel-Cobalt Operation located in Papua New Guinea