Consolidated Nickel Mines

Primary ticker: Private
Stage of development: Production
Primary minerals: Copper, Nickel
Project to promote: The Munali Nickel Mine

Consolidated Nickel Mines Ltd (CNM) is a private company bringing the Munali nickel sulphide mine, located in Southern Zambia, back into production. First production commenced in Q1 2019, with ramp-up to full operations expected in Q4 2019. The mine has a JORC compliant resource of 6Mt at 1.0% Ni and is well located, with excellent transport and communication links in a well known mining jurisdiction. The mine expects to produce 25,000 tonnes of nickel concentrate in 2019.

Management Profile

Simon Purkiss, CEO

Simon Purkiss has over 25 years’ experience in mining industry. He is currently CEO of Consolidated Nickel Mines, a privately-owned company which is restarting the Munali Nickel Mine in Zambia. Prior to this, Simon was a founder and Managing Director of European Nickel PLC, which developed a heap leaching technology for nickel laterites to full bankable feasibility study levels. Simon’s background includes technical, operational and corporate development roles with BHP Billiton, Billiton, Impala Platinum and junior mining companies in South Africa, the FSU and Australia. He is a Professional Engineer and holds a BSc (Hons) Minerals Engineering from Birmingham University.

What is your rationale for attending 121 Mining Investment?

To update investors on the mine’s progress & introduce new potential investors to the story.

What recent news would you like to highlight to investors attending?

Commencement of production.

What are your key goals for the next 3, 6 and 12 months?

6 Months:

Ramp-up to full production levels

12 Months:

Further studies exploring potential to further beneficiate to nickel sulphate or nickel metal

In a sentence, what do you think makes your company such a compelling investment?

Low cost nickel sulphide production with robust project returns.