Petropavlovsk went into administration in July after sanctions on Gazprombank, its main lender and the sole buyer of its gold, left it unable to repay loans.
e miner said it has the second largest nickel sulphide resource base globally, based on its land holding in the Agnew-Wiluna belt in Western Australia.
The Mt Weld mine has deposits of rare earths elements neodymium and praseodymium, which are in high demand for making magnets used in electric vehicles and wind energy generation.