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Metals X To Sell 20% Stake in WA Project in $50 Million Deal
Apr. 20, 2011 08:12AM PST
Battery Metals InvestingMining Weekly reported that Metals X (ASX:MLX) will sell a stake in its Wingellina project in a deal worth $50 million.
Mining Weekly reported that Metals X (ASX:MLX) will sell a stake in its Wingellina project in a deal worth $50 million.
The editorial is quoted as saying:
Wingellina hosts a resource of almost 1,8-million tons of contained nickel, with a feasibility study defining a robust plan for construction of a nickel and cobalt operation capable of producing some 40 000 t/y of nickel and 3 500 t/y of cobalt over an initial 40-year life of mine.
