Wyloo Metals makes bold bet on clean nickel
05 Jul 2023 – Wyloo Metals has finalised its $760 million takeover of Mincor Resources to secure its position in the global nickel supply chain.
Read MoreTag: MCR
Bridge Street Banter: MCR, EVN
In ASX news Monday, Twiggy Forrest’s Wyloo is happy to sit tight for the moment on its Mincor bid, while Evolution Mining has given a further update on its problems at Ernest Henry.
Read MoreBHP No Help to Mincor with Nickel Offtake Rebuff
Mincor has revealed that BHP had refused a request to alter its nickel ore offtake agreement, throwing a big roadblock in the way of the company’s ambitions moving forward.
Read MoreCorporate Chatter: LFS, MCR
Here are short updates on a couple of stories from earlier this week – the hacking of Latitude Financial Services and the on-market takeover bid of Mincor by Andrew Forrest’s Wyloo Metals.
Read MoreTwiggy’s Wyloo Goes with What it Knows
After looking around overseas, Andrew Forrest’s Wyloo Group has returned to Australia to make its first big deal in minerals with a $760m takeover bid for Mincor Resources.
Read MoreMincor Upgrading Nickel Ops on Shareholders’ Dime
Nickel miner Mincor is after $55 to $60 million via a fully underwritten placement to further boost underground development at its Northern operations in WA.
Read MoreSome Life Left Yet in Mincor’s Kambalda Mine
Mincor Resources says it has extended the life at its Kambalda nickel mining operations in WA to six years, following an initial ore reserve assessment for the Golden Mile zone.
Read MoreResource Rumblings: ILU, MCR
News from the ASX resources sector on Thursday saw Iluka wasting no time in moving on from Sierra Rutile and Mincor continuing its Lazarus-like renaissance.
Read MoreMCR – Macquarie rates the stock as Neutral
The $2.10 target price and Neutral rating are maintained.
Read MoreIGO Confirms Talks, Mincor Strikes Nickel
IGO has confirmed media reports that takeover talks with nickel miner Western Areas are moving closer towards a decision, while Mincor has struck nickel at its Hartley prospect in Western Australia.
Read MoreMarket’s Appetite for Risk Unabated
Successful capital raisings for two Australian companies – one a telco, the other a miner – show the continuing appetite among investors for a good story based on solid performance.
Read MoreMCR – Macquarie rates the stock as Outperform
Mincor Resources has confirmed the existence of ore grade mineralisation at Cassini North, considered encouraging by Macquarie who believes both Cassini North and Cassini offer upside risk through exploration success which could imply mine life extensions.
Read MoreMCR – Macquarie rates the stock as Resume Coverage with Outperform
Mincor Resources has completed a $60m capital raising and share purchase plan which has boosted its cash reserves to over $100m. The company, once a debt facility is secured, will now have more than enough to cover the funding requirements for full production.
Read MoreMincor Inks New Nickel Supply Deal With BHP
Mincor Resources has wrapped up a new long term agreement with mining giant BHP to supply nickel concentrate in WA.
Read MoreMincor Joins Move Away From Gold To Focus On Nickel
Another exit from the Australian gold industry is underway with Mincor looking to get rid of its assets to concentrate on nickel after winning a big supply contract with BHP’s Nickel West.
Read MoreMincor Takes The Long View With Pivotal Nickel Buy
The Kambalda nickel camp is stirring again some 53 years after WMC (acquired by BHP in 2005) drilled the KD1 discovery hole, with Mincor boss David Southam positioning the company to be in the thick of things.
Read MoreEV Boom Charges Up Nickel Miner Mincor
For small WA mining group, Mincor Resources the resurgence in demand for nickel from the renewables (especially electric cars and storage) couldn’t have come at a more opportune time.
Read MoreMincor On The March In Push For Slice Of EV Revolution
The swagger of the nickel companies at a battery metals conference in Perth during the week was palpable. Nickel’s price performance of late does not explain the swagger.
Read MoreBattery Demand For Nickel Could Give Mincor’s New Chief A Welcome Tailwind
The nickel juniors are back near their 52-week lows after the most volatile of the metals did what it does best by staying volatile.
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