Ownership Dispute Over Solomon Islands Nickel May End Soon

Reuters reported that on June 23, Sumitomo Metal Mining Co. Ltd. (TSE:5713) and Axiom Mining Ltd. (ASX:AVQ) will submit their final arguments regarding the Isabel nickel laterite discovery to the Solomon Islands High Court.

As quoted in the market news:

A ruling is expected soon after and could lead to development of the deposit, at a time when nickel prices have soared following a ban in January on ore exports by Indonesia, the world’s biggest supplier.

Analysts estimate Isabel compares in size or grade to other large South Pacific nickel mines, such as Vale SA’s Goro mine in New Caledonia and the China-owned Ramu mine in Papua New Guinea.

Click here to read the full Reuters report.

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Equitas Resources (TSXV:EQT; FSE:T6UN) is one of the first junior resource companies in the last 20 years to hold such a large, consolidated land package in the Voisey’s Bay district. With a first-class, experienced team of professionals skilled in raising capital and managing successful exploration projects Equitas Resources has a tight share structure on early stage of nickel focused exploration. Learn more about this world class deposit.

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