Metals X’s Wingellina Project approved by WA government

Company News

by David Chau

Metals X Limited (ASX:MLX) has been granted EPA approval to develop its Wingellina Nickel-Cobalt Project in Western Australia.

According to a 2009 feasibility study, the company says the Project has a minimum 40 year mine life.

Metals X also says the feasibility study showed the Project has an average production rate of 40,000 tonnes of nickel and 3,000 tonnes of cobalt each year. Also, the capital cost estimate for the Project was $2.5 billion.

The company confirms that it is currently discussing transport infrastructure options with the government in relation to its mining project.

Metals X reported a net profit of around $812,000 at 31 December 2015.

David Chau

Finance News Network
David joined FNN in April 2016. In addition to presenting the Market Outlook and latest business news stories, David interviews senior economists and CEOs of ASX-listed companies. Prior to working for FNN, David was a litigation lawyer.