AIM and ASX listed Albidon Limited is making the transition from exploration company to mining group:
- 10-year mining operation being commissioned at Munali Nickel Project in Zambia.
- One of only a handful of new nickel sulphide projects anywhere in the world in the next 10 years.
- 10,500 tpa of nickel production planned in high quality Ni-Cu-Co-Pt-Pd concentrate.
- Partnership with Jinchuan Group, the most powerful force in the rapidly growing Chinese nickel market.
- Project financing and nickel hedging completed on attractive terms.
- Construction completed with first concentrates produced in June 2008.
- Substantial leverage to strong metal prices.
- Expected growth of Munali Nickel Project through exploration and plant expansion.
Beyond the Munali Nickel Project, Albidon has a portfolio of projects poised to add additional value, including:
- In Botswana, drill assays have confirmed the presence of thick zones of Ni-Cu sulphide mineralisation at the Sunnyside nickel discovery.
- Drilling planned to test coincident Ni-Cu-Co-PGM and geophysical conductor targets in favourable geology at Songea, Tanzania (JV with BHP Billiton).
- Bankable Feasibility Study underway on Njame and Gwabe uranium deposits in Zambia (JV with African Energy Resources).
- New high grade uranium prospects identified at Chisebuka and Namakande in Zambia.
- High grade zinc mineralisation intersected in ongoing drilling programs at Nefza in Tunisia (JV with Zinifex Limited).
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