Nickelore Limited is a Western Australian Company committed to the development of the Canegrass Nickel Cobalt Project – a major nickel mining and processing operation planned to begin production in 2011.

Nickelore Limited has completed a scoping study into the Canegrass Heap Leach Nickel project 70 kilometres north east of Kalgoorlie, Western Australia. The study has confirmed the potential for a 20,000 tonnes-per-annum nickel plant (CAPEX $865 million) generating a positive net cashflow in excess of of $182 million a year. Nickelore has assembled a leading professional team to lead the development of the project. 

The Company’s additional focus is on exploring, realising and expanding the economic potential of the Lake Marmion and Goongarrie East  projects in Western Australia’s north eastern Goldfields and in developing it's Papua Gold and Copper Project.

The Company has entered into a heads of agreement to aquire up to a 51% interest in a Gold and Copper Project in Papua Province, Indonesia ("Papua Gold & Copper Project"). The Papua Gold & Copper Project, which covers an area of approximately 91 square kilometres and is located in the Central Papua Province of Indonesia, comprises two general survey mining licences. The area is approximately 45 km along strike from the Freeport Grasberg operations and the world class Wabu deposit.

Members  of  the  Nickelore  Board  and Management  team  have  proven   records  in  mineral  exploration,  project  development  and  project financing.

"NIO is an emerging new Ni laterite player. We are impressed with the technical team compiled for project assessment and given the solid resource base we would expect to see some re-rating. A peer comparison shows that NIO has more upside than downside. The outcome of study results will be critical success determinants".. 
Tolhurst Research – Naji Aoukar  Nov 07 more...