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Nickel 28 Releases Ramu 2023 Production and Provides 2024 Production Guidance
Nickel 28 Capital Corp. (“Nickel 28” or the “Company”) (TSXV: NKL) (FSE: 3JC0) is pleased to provide nickel and cobalt production levels for the Company’s largest asset, being the Ramu Nickel-Cobalt (“Ramu”) integrated operation in Papua New Guinea. Nickel 28 currently holds an 8.56% joint-venture interest in Ramu which is operated by Metallurgical Corporation of China (“MCC”).
For the calendar year ending December 31, 2023 Ramu produced 33,604 tonnes of nickel and 3,072 tonnes of cobalt contained in mixed hydroxide precipitate (“MHP”), exceeding Ramu’s design capacity for a 7th consecutive year.
For the 2024 calendar year, MCC will undertake a US$33 million capital upgrade plan at Ramu, requiring a 30-day plant shutdown throughout September. As a result, we are expecting to produce approximately 30,000 tonnes of contained nickel and 2,700 tonnes of contained cobalt in MHP in 2024.
The capital upgrades will primarily focus on enhancing equipment performance and stability, as well as phasing out outdated equipment. It is expected that these upgrades will have a positive impact on production levels.
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- [Editor:邢亚敏]
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