The Company has commenced processing the extension of the Cyclops mining license with the Directorate General Minerals and Coal “Minerba”, as the current license is scheduled for renewal at the end of
The commencement of the license extension process was delayed due to the COVID-19 pandemic.
During 2021, the Company's planned development activities for Cyclops were put on hold as travel in
Contact was maintained with Indonesian and Asian based end users of nickel and cobalt with a view to develop constructive future relationships for supplying plant feedstock and processing initiatives.
Cyclops features strong near-surface nickel and cobalt mineralization over 1205 Ha with drilling intersecting significant mineralization in the limonite, transition and saprolite zones of the laterite profile. The Project has excellent logistics and infrastructure, including year-round access by road, air and sea transport.
Mr.
The Company remains in dialogue with key commodity suppliers to the international energy storage and electric vehicle battery space, and will provide updates in due course.
About
(604) 922-8272
rsundher@boltmetals.com
(604) 922-8272
steve@vanrycap.com
(778) 985-8934
sean@theparmargroup.com
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