Nickel hopeful Mincor Resources will raise A$23-million through a share placement and share purchase plan (SPP) to fast track its plans to restart nickel sulphide mining in the Kambalda district, in Western Australia.
Mincor earlier this week struck a A$9.5-mllion deal to acquire the Long nickel operation from fellow-listed Independence Group, adding some 32 000 t of contained nickel to its portfolio and consolidating the company’s land-holding in Kambalda.