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:: Atomaer Technologies Pty Ltd Signs Agreement with WMC Resources Ltd
Western Australian based Atomaer Technologies Pty Limited has signed an agreement with WMC Resources Ltd over extensive nickel sulphide tailings arising from WMC's nickel operations at Leinster.
The agreement provides Atomaer with the right to conduct a definitive feasibility study and to build and operate a plant(s) using Atomaer process technology to extract and produce nickel from sulphide tailings. The agreement arises from the former Tailings Supply Agreement signed by WMC and Atomaer in January 2003 and amended in February 2005.
The Chairman of Atomaer, David Humann, said that the agreement provides a significant platform for the commercial development and application of Atomaer process technology in the recovery and production of nickel and related metals from a very large resource base. The results of testwork carried out by Atomaer over the last 2 years indicate that nickel can be recovered and produced economically.
Atomaer will now proceed with resource definition and a programme of testwork using demonstration plant facilities leading to a definitive feasibility study and a development decision within the next 2 years, Mr Humann said.
Atomaur have said that the first stage of the project will focus on the sulphide nickel tailings at Leinster Nickel Operations. If the definitive feasibility study satisfies the project criteria defined in the agreement, Atomaer may build, own and operate an Atomaer processing plant to process nickel sulphide tailings at Leinster, and if the project delivers the project criteria, then they will proceed with the evaluation and development of the nickel sulphide tailings at Kambalda and Mt Keith.
Historical records of plant metal balances indicate that approximately 350,000 tonnes of nickel metal are contained in sulphide tailings with grades of up to 0.5% Ni arising from flotation plants over the last 30 years.
"The agreement provides a unique opportunity to create value for the participants by combining Atomaer process technology with a major nickel resource", Mr Humann said.
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