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GME Resources Limited ( (AU:AXN) ) has shared an announcement.
Alliance Nickel Ltd announced the delivery of a robust Definitive Feasibility Study for the NiWest Project, highlighting its high margin, long-life potential with a significant all-in sustaining cost advantage. The study reports strong economics with a post-tax NPV of A$1.5 billion and an IRR of 17.6%, alongside a considerable increase in ore reserves. Additionally, the company received a substantial R&D tax refund and extended its unsecured loan facility, while maintaining incident-free operations, reinforcing its strategic positioning in the nickel industry.
More about GME Resources Limited
Alliance Nickel Ltd is an ASX-listed critical minerals development company focused on producing premium high purity nickel and cobalt sulphate from its wholly-owned NiWest Nickel-Cobalt Project. Located in Australia, NiWest is one of the highest-grade undeveloped nickel laterite resources and has been recognized with Major Project Status. The company employs simple mining techniques and heap leaching technology, offering a safer operation with lower capital costs.
Average Trading Volume: 16,666
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $43.65M
See more insights into AXN stock on TipRanks’ Stock Analysis page.
