NKL 3.57% 2.9¢ nickelx limited

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    Qualitative Analysis

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    Business Description
    Nickel Australia Limited (NKL) is a minerals exploration company focused on the exploration for nickel in the Eastern Goldfields of Western Australia. NKL was formed for the purposes of acquiring 100% of the nickel rights from Croesus Mining NL (CRS). In consideration, NKL issued CRS with 15 million shares and granted CRS a 1% royalty over the value of nickel concentrate mined. In addition, NKL has agreed to spend a minimum of $3.15m on exploration at the Norseman, Davyhurst and Beete Projects prior to electing to relinquish the tenements back to Croesus.


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