Nickel and cobalt are critical metals underpinning the energy transition. Key international battery supply chains require ethical and low environmental footprint mining and processing. Western Australia is the leader in mining standards and the world’s No. 1 region for mining investment.
NGM's strategy is to build a new nickel mining and processing hub in the heart of Western Australia's nickel reserves. We have access to a large mineral footprint close to Kalgoorlie to feed the plant with ore, both from our own nickel-cobalt resource at Lake Yindarlgooda and other tenements we have agreed to acquire.
We aim to commence mining operations and processing within six years of completing the feasibility study and constructing the assets, creating multiple revenue streams of saleable products.
We also have a lithium exploration joint venture with Liontown Resources at our Kathleen Valley tenement in addition to a gold opportunity; plus two other large sites near Norseman with gold and battery metal potential.
We plan to list New Generation Minerals on the Australian Securities Exchange during 2024.
