Pure Minerals Limited (ASX:PM1) owns 100% of Queensland Pacific Metals Pty Ltd, an emerging developer of battery chemicals nickel sulphate and cobalt sulphate.
Pure Minerals is currently progressing its Pre-Feasibility Study on the Townsville Energy Chemicals Hub, a 600,000tpa refinery that will produce 25,000tpa nickel sulphate / 3,000tpa cobalt sulphate. During construction, TECH could employ over 1,000 people and retain over 100 full time employees during operation, proposed to commence in 2021.
The Company will import high grade Ni-Co laterite ore (1.6% Ni / 0.017% Co) from New Caledonia under long term ore supply agreements for processing at TECH.
John Downie, Managing Director
Mr Downie is a mechanical engineer with more than 30 years’ experience in the mining industry. He has been extensively involved in lateritic nickel mining and processing, having previously been Director of Mines for Vale’s Goro operations in New Caledonia, CEO of Gladstone Pacific Nickel and Director of Projects at Queensland Nickel. He has also been employed in senior roles with Barrack Mines NL, Alcoa of Australia Ltd and Boral Resources Ltd.
What is your rationale for attending 121 Mining Investment?
Looking to raise awareness of the Company’s development and inform investors of the opportunity that exists and hopefully welcome new shareholders to the register.
What recent news would you like to highlight to investors attending?
Upcoming release of Pre-Feasibility Study.
What do you think makes your company such a compelling investment?
Pure Minerals is a processing Company – there is minimal mining risk.
• “New Kid on the Block” – very low market capitalisation compared with other ASX listed nickel-cobalt peers with transaction only recently completed to acquire QPM
• Grade is King – processing high grade material from New Caledonia delivers QPM a competitive advantage
• Townsville – great opportunity to utilise existing infrastructure and decades of experience to re-establish a value-add mineral processing business
• Rapid Growth Potential to Deliver Shareholder Value – not your typical resources marathon with years of exploration – the next 18 months through to FID will be a sprint