Alliance Nickel Limited
Financials:
Primary ticker: ASX:AXN
Stage of development: Development
Primary minerals: Nickel, Cobalt
Project to promote: NiWest Project
Project location: Australia
Website: www.alliancenickel.au
Alliance Nickel Limited is an ASX-listed nickel and critical minerals development company. Its flagship project is the 100% owned NiWest Nickel Cobalt Project containing one of the highest-grade undeveloped nickel laterite resources in Australia. The Project has access to existing primary mining infrastructure and is situated adjacent to Glencore’s Murrin Murrin Operations. The Company completed a Pre-Feasibility Study which confirmed the technical and economic viability of a heap leach and direct solvent extraction operation where it aims to manufacture low-cost, high-quality Class 1 nickel and cobalt sulphate for battery manufacturers and automakers. The definitive feasibility study is expected in Q4 2023.
Management Profile
Paul Kopejtka – Managing Director/CEO
Mr Kopejtka is a Chemical Engineer with over 20 years of leadership experience in the Australian and international resources industry.
Mr Kopejtka has led numerous companies and most recently served as the Managing Director and CEO of unlisted mining company Alliance Mining Commodities Limited which owned the World class Koumbia bauxite project in Guinea, West Africa. Paul has direct experience in Nickel laterites having been involved in the development of the Bulong Nickel Cobalt refinery in Western Australia. Paul is an experienced mining executive and well connected into the equity / capital and debt markets.
What is your rationale for taking part in 121 Mining Investment?
We are taking part to raise market awareness of the NiWest Project, our development strategy and to meet future potential financing partners.
What recent news would you like to highlight to investors attending?
AXN is rapidly developing offtake partnerships with global automakers and has recently signed non-binding agreements with Stellantis, a leading global automaker (Jeep, RAM, Chrysler and Maserati) and VinES Energy Solutions, a subsidiary of Vietnam’s largest private conglomerate group.
What are your key goals for the next 3, 6 and 12 months?
3 months:
• Ensuring that we remain on target to complete the Definitive Feasibility Study and Engineering
• Appoint Financial Advisor (debt and equity)
• Commence discussions with commercial banks, both domestic and international
• Continued discussions with ECAs and offtake partners
6 months:
Over the next 6 months, the company expects to publish its definitive feasibility study, and to execute binding offtake agreements for 100% of the NiWest project production. In addition, product samples are expected to be made available to selected future offtake partners.
12 months:
It is anticipated that project financing will be available for draw down in the first half of 2024 with a final investment decision from the board expected in March 2024.
What do you think makes your company such a compelling investment?
The Company’s pre-feasibility study demonstrated that the NiWest Project is technically and economically robust, utilizing simple low cost mining and heap leach processing with a +27 year mine life and a lower capital and operating cost relative to other Nickel processes such as HPAL. The company’s product is ideally suited to meeting the forecast demand growth from the electric vehicle industry evidenced by the direct interest the Company has received from global automakers.
What are the top 3 key investor takeaways?
1. Long life near term project, low cost mining and processing.
2. Product ideally suited to the forecast demand growth from the electric vehicle industry
3. Experienced management team with deep understanding of project development, construction and financing.