Sirius Starts Development, Construction at Nova Nickel Mine

Base Metals Investing

Sirius Resources NL (ASX:SIR) announced that it has started development at the Nova nickel mine. In addition, the construction of associated infrastructure is taking place.

Sirius Resources NL (ASX:SIR) announced that it has started development at the Nova nickel mine. In addition, the construction of associated infrastructure is taking place.

Other highlights include:

  • Excavation of the boxcut for the underground portal at Nova has now started following receipt of all permits for mining
  • Project capital costs reduced by A$30 million from the DFS estimate to a revised A$443 million as a result of savings from construction contracts and tenders to date
  • Construction of interim accommodation village has started
  • Aerodrome and access road construction starting this week
  • Tenders received for the processing plant construction contract

Click here to read the full Sirius Resources NL (ASX:SIR) press release.

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