Hannans Set to Divest Three Western Australian Nickel Sulphide Projects

Hannans Reward Ltd. (ASX:HNR) announced that it plans to divest its Western Australian nickel sulphide portfolio, which consists of the Forrestania project, the Lake Johnston project and the Queen Victoria Rocks project.

As quoted in the press release:

The Divestment Process is consistent with Hannans’ business strategy of incubating mineral projects in well-known mining jurisdictions and its immediate focus on the advancement of its Kiruna Iron project in Sweden. As a result of this Divestment Process, Hannans will commence engaging with potential investment partners to further develop and enhance its Western Australian nickel projects.

The objective of the Divestment Process is to enable Hannans to allocate a larger proportion of funds towards the exploration and development activities in Sweden and Norway.

Click here to read the full Hannans Reward Ltd. (ASX:HNR) press release.