The Market Online - At The Bell

Join our daily newsletter At The Bell to receive exclusive market insights

  • Pacific Nickel Mines (PNM) has begun engineering studies at the Kolosori nickel direct shipping ore (DSO) project in the Solomon Islands
  • Work will be undertaken by Resindo Resources and Energy Group with focus on assessing port options for exporting DSO product
  • Once this work is completed, Resindo will assess the project delivery components, infrastructure and project logistics
  • These studies will provide information for future definitive feasibility studies and help progress predevelopment activities and approvals
  • After being reinstated into trading, Pacific Nickel has ended the day 17.5 per cent in the red with shares trading at 4.7 cents

Pacific Nickel Mines (PNM) has begun engineering studies at the Kolosori nickel direct shipping ore (DSO) project in the Solomon Islands.

Work will be undertaken by Resindo Resources and Energy Group with initial focus on working with the Solomon Islands’ Government marine survey group to assess port options for exporting DSO product.

Resindo is an international project engineering, construction and operations delivery company based in Indonesia.

It has extensive project design and development experience in the minerals, oil and gas, mining and power generation sectors.

Subject to weather, work is expected to begin in the next few weeks.

Once completed, Resindo will assess the project delivery components, infrastructure and project logistics.

These studies will provide information for future definitive feasibility studies and help progress predevelopment activities and approvals.

“Pacific Nickel is pleased to have Resindo joining the Kolosori development team. Their experience with nickel laterite DSO operations in Indonesia, the world’s largest country for mining and processing of nickel laterite ores will be invaluable in the development of the Kolosori project,” the board commented.

After being reinstated into trading, Pacific Nickel has ended the day 17.5 per cent in the red with shares trading at 4.7 cents in a $7.039 million market cap.

PNM by the numbers
More From The Market Online
The Market Online Video

Infinity Lithium hits key milestone at San Jose with government approval tick

Infinity Lithium has announced its receipt of approvals from the government of Extremadura, Spain, towards its…

Sun Silver kicks off historical drill core assessment as US grant application underway

Sun Silver has announced its team is busy undertaking an assessment of historical samples from the…

NickelX kicks off uranium exploration at Elliot Lake; wins project expansion

NickelX (ASX:NKL) has announced its commencement of exploration at the Elliot Lake uranium project, as the…
The Market Online Video

Lithium Universe unveils procurement strategy for Becancour refinery

Lithium Universe has turned to Chinese suppliers with which it has relationships to procure equipment for…