Nifty reset plan priced at A$162m

ASX-listed Metals X on Wednesday revealed the reset plan for its Nifty copper mine, in Western Australia, where it is targeting a production rate of around 28 000 t/y from the Phase 1 plan, by the March 2020 quarter.

Metals X told shareholders that the Phase 1 plan, which is already under way, will focus on mine planning, development into new production areas and underground infrastructure improvements, targeting a throughput rate of two-million tonnes a year.