Australian diversified miner Chalice Mining signed an agreement on Wednesday with Japan’s Mitsubishi Corp to develop its Gonneville PGE-nickel-copper-cobalt project, located in Western Australia.
Under the deal, the Japanese conglomerate will collaborate on the technical, financing, marketing and offtake aspects of the project, which is currently undergoing a pre-feasibility study, expected to end by mid 2025.
The memorandum of understanding also provides an intention of a possible strategic partnership with Mitsubishi to develop the greenfield project, the Australian miner added.
The company also said they are targeting a final investment decision on the project in late 2026.
(By Rajasik Mukherjee; Editing by Alan Barona)
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