Acquisition of Western Areas Limited
Western Areas Overview
Australian nickel producer with producing Forrestania and Cosmos (development) nickel sulphide assets
Overview
Project pipeline
igo
Net cash position of A$147.7M1
Scoping/
Pre-feasibility
Feasibility
Pre-production
Commissioning
Producing
Overview
19.9% shareholder of WA nickel company Panoramic
Resources (ASX:PAN)
Mt Goode
Forrestania: Flying Fox and Spotted Quoll
Assets
FY22 Guidance
Cosmos: Odysseus Mine & AM6
Mt Goode deposit at Cosmos
Nickel tonnes in concentrate of 16-17kt
Nickel unit cash cost of production of A$4.25/lb-A$4.65/lb²
AM6
Flying
Fox
AM5
Odysseus
FY21 Production
and Costs
Nickel tonnes in concentrate of 16.2kt Ni
New
Morning
Spotted
Quoll
Nickel unit cash cost of production of A$4.23/lb²
Odysseus
Massive
Sulphide
Mine Life
Forrestania: Flying Fox ~1 year; Spotted Quoll 4 years
Odysseus: 10+ years
Diggers
Reserves
Total Ore Reserves of 13.3Mt @ 2.1% Ni for 276.8kt
contained nickel1
Resources
Total Mineral Resources of 84.9Mt @ 1.1% for 941.1kt
contained nickel1
Forrestania
Cosmos
1. As per Western Areas September Quarterly Presentation (ASX: 28 October 2021); 2. Per lb of nickel, payable terms are not disclosed due to confidentially conditions of the offtake agreements.
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