Nickel Mountain Resources AB (publ), a subsidiary of IGE Resources AB (publ), submitted to the Mining Inspectorate of Sweden (“Bergsstaten”), its application for Exploitation Concession for the Sundsberget deposit at the Rönnbäcken Nickel Project. Click here to view entire news release.
IGE Resources AB (OSE: IGE) is pleased to present assay results from drilling of the down dip extension of the Rönnbäcknäset deposit at the Rönnbäcken Nickel Project. Positive results from the five down dip drill holes confirm the continuation of the mineralization which remains open at depth. SRK has been commissioned to prepare an updated Independent resource estimate which is expected to be delivered mid-January 2012.
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IGE Resources AB (OSE: IGE) is pleased to announce the completion of an updated Preliminary Economic Assessment (PEA) for the Rönnbäcken Nickel Project, incorporating a high-grade magnetite iron concentrate by-product from nickel flotation tailings. The update of the PEA includes additional results to those reported in the press release of October 11, 2011. A higher magnetite recovery of 90% along with reduced magnetite processing costs have raised the estimated pre-tax Net Present Value (NPV) of the Rönnbäcken Nickel Project by US$226 million to US$1,045 million at SRK’s base case nickel price of a $9.00/lb (US$19,800/tonne), and reduced the C1 cash cost from $4.10/lb (US$9,034/tonne) to $3.55/lb (US$7,826/tonne) of nickel.
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IGE Resources AB (OSE: IGE) is pleased to announce an upgrade of the resources of the Sundsberget nickel deposit at the Rönnbäcken Nickel Project (the Project) from Inferred to Indicated category. In addition, the Sundsberget resource has been increased by a further 111 million tonnes, from 186 million tonnes to 297 million tonnes. SRK Consulting (Sweden) AB carried out a review of available geological data from the Rönnbäcken Nickel Project, which is wholly owned by IGE’s subsidiary Nickel Mountain Resources AB (publ). For the Project as a whole, this latest update increases the proportion of Measured and Indicated resources to 86%. This is an important step in the development of the Project; providing the basis for conversion of existing resources to reserves as part of the forthcoming Prefeasibility Study (PFS), and significantly reducing the cost of planned infill drilling.
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IGE Resources AB (OSE: IGE) is pleased to announce the preliminary results of recent metallurgical test-work which has yielded a high-grade magnetite iron concentrate by-product from nickel flotation tailings. The magnetite by-product revenues raise the pre-tax Net Present Value (NPV) of the Rönnbäcken Nickel Project by US$502 million and reduce the C1 cash cost from $5.55/lb (US$12,236/tonne) to $4.10/lb (US$9,034 /tonne) of nickel. “This is a major breakthrough for us confirming the attractiveness of the Rönnbacken Nickel Project, in terms of both strong economics and very competitive operating costs”, said Fredric Bratt, CEO of Nickel Mountain Resources AB. “The magnetite concentrate by-product has a substantial effect on the economics of the Rönnbäcken project, at minimal capital investment. Nickel Mountain is able to diversify into a second product of sizeable volume.” The Rönnbäcken Nickel Project (the Project) is wholly owned by IGE’s subsidiary Nickel Mountain Resources AB (publ) (the Company).
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IGE Resources AB (OSE: IGE) is pleased to provide an update of the near term activities being carried out by its subsidiary Nickel Mountain Resources AB (publ) (“Nickel Mountain”) on the 100% owned Rönnbäcken nickel project located in northern Sweden. The project is proceeding with activities focussed on a potential magnetite by-product, a potential upgrade of the Sundsberget resource, an exploitation concession application for Sundsberget, and defining the resources in the Rönnbäcknäset South down dip extension.
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IGE Resources AB (OSE: IGE) today announced that the contemplated Initial Public Offering of its subsidiary Nickel Mountain Resources AB has been withdrawn. The current uncertainty in the financial markets has caused the decision.
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Notice is hereby given of the Annual General Meeting of the shareholders of Nickel Mountain Resources AB (publ), 556493-3199, on Monday 25th of July 2011 at 1300 hours at “Ingenjörshuset” at Malmskillnadsgatan 46 in Stockholm.
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IGE Recources AB (OSE: IGE) today announced that the Annual General Meeting of its wholly owned subsidiary, Nickel Mountain Resources AB, scheduled for the 20 June, 2011 is postponed.
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IGE Resources AB (OSE: IGE) today announced that its subsidiary Nickel Mountain Resources AB (publ) (“Nickel Mountain”) has filed a preliminary prospectus with the securities regulatory authorities in each of the provinces of Canada (except Québec) in connection with a proposed initial public offering of units (the “Units”). Each Unit will consist of one common share and one-half of one common share purchase warrant. The offering is being made through Haywood Securities Inc.
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IGE Resources AB (OSE: IGE) today announced the completion of an updated Preliminary Economic Assessment for the Rönnbäcken Nickel Project, Sweden, which is wholly owned by its subsidiary Nickel Mountain Resources AB.
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IGE Resources AB (OSE: IGE) today announced the election of a new Board of Directors for its subsidiary IGE Nordic, which has now changed its name to Nickel Mountain Resources AB. The subsidiary’s main mineral asset is the Rönnbäcken nickel resource in Northern Sweden.
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IGE Resources AB (OSE: IGE) today announced nominations to the Board of Directors of its subsidiary IGE Nordic AB. The proposed board members all hold strong track records from the mining and metals industries.
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IGE Resources AB (OSE: IGE) today announced that the Company is pursuing a listing of its Rönnbäcken Nickel Project at the Toronto Stock Exchange (TSX).
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