Executive Summary
Toledo Mining Corporation plc is a mining company focused on nickel exploration and development in the Philippines. It has significant interests in three nickel laterite projects (Berong, Celestial and Ulugan) on Palawan in the Philippines. Toledo Mining is listed on the AIM market of the London Stock Exchange. The company has a 56.1% interest in the Berong Deposit (comprising the Berong, Moorson, Long Point and Ulugan deposits) which has a combined pre-JORC resource of approximately 275 million tonnes of nickel ore. The company also has interests in Celestial – a laterite property – which has a pre-JORC resource of approximately 75 million tonnes of nickel ore. Toledo has a Head Office is in London with a second office in Manila, where the CEO is based, from where the projects on the island of Palawan are run.
Company History
Current Events
- Temporary Exploration Permit (TEP) granted on 15th November 2005. Commenced test pitting, drilling, sampling, GPR, topographical survey.
- Environmental Clearance Certificate (ECC) granted on 14th June 2006
- Priority Project Status granted in October 2006
- Special Mines permit granted in November 2006
- Trial metallurgical shipments commenced January 2007
- Extension of Mining Permit granted on 05 June 2007
Business Model
Toledo Mining is focused solely on nickel laterite deposits in the Philippines. Initial activities are centred on developing a direct-shipping laterite operation at Berong, whereby the ore will be sold FOB Philippines to nickel smelters. The company has an economic 56.1% interest in the Berong, Moorson, Long Point and Ulugan deposits (referred to collectively as the Berong Deposit), all on Palawan Island, which have a combined pre-JORC resource of approximately 275 million tonnes of nickel ore at around 1.3% nickel (ni). The company also has interests in an additional laterite property, Celestial which has pre-JORC resource of approximately 75 million tonnes at around 1.25% nickel. Both Berong and Celestial deposits total a combined, pre-JORC resource of some 350mt@1.3%Ni. Berong is believed to be the world's fourth largest nickel laterite resource Company. Together, Berong, Ipilan and Ulugan represent world class projects with a combined resource of some 345 million tonnes at 1.3% nickel and an estimated total nickel content of more than 4.6 million tonnes. The deposits offer the potential to recover both limonite and saprolite ore.
Products/Services
Segments/Customers
Production/Operations
Distribution/Routes to Market
Market & Competition
…
