Brief: Pacific Nickel Mines Says Unit Entered Project Services Agreement With HBS PNG Pty

Pacific Nickel Mines

29/06/2023 02:22

June 29 (Reuters) - Pacific Nickel Mines Ltd  PNM.AX :
    * UNIT  ENTERED INTO A PROJECT SERVICES AGREEMENT WITH HBS
PNG PTY
    * HBS PNG WILL CARRY OUT MINING, EARTHWORKS, STOCKPILING AND
LOADING OF BARGES FOR KOLOSORI NICKEL PROJECT IN DEAL
    * AGREEMENT REQUIRES CO TO RECEIVE FUNDS FROM DRAWDOWN OF
SECOND
TRANCHE OF FUNDING OF UP TO US$19M
    * FIRST MINING IS EXPECTED TO COMMENCE IN OCTOBER 2023.
    * CURRENTLY ANTICIPATED THAT FIRST HBS VEHICLES AND
ASSOCIATED
EQUIPMENT WILL ARRIVE ON SITE IN LATE JULY 2023

Source text for Eikon:  ID:nASX42kR8h 
Further company coverage:  PNM.AX 

 ((Reuters.Briefs@thomsonreuters.com;))