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Nickel Industries Expands with Major Nickel-Cobalt Acquisition
Company Announcements

Nickel Industries Expands with Major Nickel-Cobalt Acquisition

Nickel Mines Ltd. (AU:NIC) has released an update.

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Nickel Industries Limited has signed agreements to acquire a significant nickel-cobalt project portfolio, the Sampala Project, with initial estimates indicating a resource of 187 million dry metric tonnes of 1.2% nickel and 0.09% cobalt. The strategic acquisition promises to expand the company’s existing operations within Indonesia’s prolific Morowali Industrial Park, leveraging a 15-year partnership with the seller. The majority of the acquisition payments are slated for 2026, with project development costs expected to be on par with the company’s current operations.

For further insights into AU:NIC stock, check out TipRanks’ Stock Analysis page.

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