In its ongoing bid to become a cobalt and nickel producer, Pure Minerals, this week, completed due diligence on the New Caledonian ore supply its future subsidiary Queensland Pacific Metals has locked-in.
QPM is a private entity which has five-year ore supply agreements with two New Caledonian-based cobalt and nickel producers.
Xenith Consulting completed the due diligence report, which confirmed the New Caledonian producers use “industry standard mine planning and geology processes”.
Pure Minerals hopes to finalise its acquisition plans in early 2019.
