Latest Nickel Market News

Western Mines Group has reported a landmark Mineral Resource Estimate for its Mulga Tank project, defining the largest nickel sulphide deposit in Australia with over 5.3 million tonnes of contained nickel. The resource remains open for expansion, supported by ongoing metallurgical testing and government-backed drilling funding.

Kingsrose Mining advances its Fennoscandian exploration with high-grade discoveries and strategic acquisition of the Jakon project, supported by robust funding from BHP.

Following its merger with Poseidon Nickel, Horizon Minerals reports a consolidated mineral resource portfolio featuring 1.8 million ounces of gold and 422,700 tonnes of nickel, positioning the company for sustained production and growth.

Ardea Resources Limited has made significant progress on its Kalgoorlie Nickel Project (KNP) Goongarrie Hub, supported by a fully funded $98.5 million Definitive Feasibility Study (DFS) led by a Japanese consortium. The project is positioned as a long-life, low-cost nickel-cobalt operation critical to the global battery supply chain.

Blackstone Minerals broadens its commodity focus to copper-gold assets while completing a key pilot program for battery-grade materials, positioning itself for growth amid evolving market dynamics.

Pacific Nickel Mines Limited has paused its Kolosori Nickel Project due to operational setbacks and a challenging nickel price environment, entering voluntary suspension while negotiating critical financing with Glencore.

Sultan Resources reports steady progress in its Western Australia gold and Canadian lithium projects while pausing nickel drilling due to market conditions, supported by a recent capital raise.

Alliance Nickel Ltd has completed a definitive feasibility study for its NiWest Nickel-Cobalt Project, revealing strong financial metrics, increased ore reserves, and strategic collaborations with global automakers. The project is positioned to become a low-cost, sustainable supplier of high-purity nickel and cobalt for the burgeoning electric vehicle market.

Babylon Pump & Power Ltd reports robust H1 FY25 results with $1.8M positive operating cash flow and $3.0M EBITDA, overcoming nickel sector challenges. The company eyes growth through new projects and acquisitions.

Centaurus Metals has achieved a breakthrough with a 34% nickel concentrate from its Jaguar Project pilot plant, promising substantial cost savings and enhanced market appeal. This development is set to reshape the project's economics and strategic partnerships.

Nico Resources Limited reports steady progress on its flagship Wingellina nickel-cobalt project, highlighted by successful metallurgical testwork and Major Project Status recognition, despite cautious spending amid weak market conditions.