ALLIANCE NICKEL LIMITED

ALLIANCE NICKEL LIMITED (ASX: AXN)

NiWest Nickel-Cobalt Project DFS work programs progressing with completion expected in Q4 2023.
Six tonnes of NiWest ore shipped for pilot plant processing, with battery-grade nickel sulfate produced for offtake partners.
Alliance Nickel in discussions with global automakers for product offtake, with announcements anticipated in H2 2023.

2023-05-30 08:19:00

Blackbird Commodity Partners appointed as financial advisor for Alliance Nickel Limited's NiWest Nickel-Cobalt Project.
Appointment follows the binding offtake agreement and equity investment by global automaker Stellantis N.V.
The definitive feasibility study for the project is expected to be released in Q4 2023, targeting completion of project financing in the first half of 2024.

2023-05-12 08:16:00

Alliance Nickel receives $12.7 million from the first tranche of a strategic placement to Stellantis N.V.
The placement secures Stellantis an 11.5% shareholding in Alliance and the right to nominate a board director.
Tranche 2 funds of $2.3 million are expected in the June quarter 2023, subject to FIRB approval.

2023-05-03 10:15:00

Alliance Nickel and Stellantis N.V. sign a Binding Offtake Agreement for approximately 40% of future annual NiWest nickel and cobalt sulphate production for an initial term of 5 years.
Stellantis invests A$15 million in Alliance Nickel, acquiring an 11.5% shareholding and the right to nominate one director to the Alliance Board.
The partnership supports electric vehicle battery production, the NiWest Definitive Feasibility Study, and future project funding and development.

2023-05-01 09:35:00

Aircore and diamond drilling will commence at the NiWest Nickel Cobalt Project in Western Australia to support the completion of the Definitive Feasibility Study and development.
An initial six-week aircore drill program will focus on the Mt Kilkenny deposit to upgrade its current resource, followed by a sterilization program for process and non-process infrastructure sites.
Geotechnical diamond drilling will also be carried out in parallel with the aircore drilling at Mt Kilkenny mine pit site and proposed sites for heap leach pads and battery sulphate refinery.

2023-04-05 08:53:00

Alliance Nickel Limited signed a Non-binding MOU with VinES, a subsidiary of Vietnam’s largest private conglomerate - Vingroup, for project financing and future offtake from the NiWest Nickel -Cobalt Project.
Offtake contract pricing will utilise well-established market indices for the products.
Alliance Nickel Limited and VinES will work towards a binding agreement to conclude definitive product offtake and project financing terms.

2023-02-06 08:19:00