Abitibi Metals boosts resource by 62% at B26 polymetallic deposit in Quebec
Indicated resources increased to 11.3 million tonnes from 6.9 Mt.
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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