Corcel plc has sold 100% of its Wowo Gap nickel-cobalt asset and will dispute the buyout of its 41% share in the Mambare nickel-cobalt project, both in Papua New Guinea. MAMBARE In March, Corcel restructured its PNG assets by signing a 50-50 joint venture (JV) deal with Integrated Energy Metals (IEM) to create a new carried vehicle […]
Tag: Wowo Gap – Papua New Guinea
Corcel renews Wowo Gap cobalt-nickel licence
Corcel plc has renewed its exploration licence 1165 to February 2024 for its 100% owned WoWo Gap cobalt-nickel project in Papua New Guinea. DEVELOPMENT The asset is part of the company’s recently announced restructure into an Asian-based joint venture. Corcel said it had of late focused on meeting commitments for the licence, which lies 200km from […]
Corcel progresses PNG non-operating strategy
Corcel plc has restructured its nickel-cobalt assets in Papua New Guinea by signing a 50-50 joint venture (JV) deal to create a new carried vehicle. JOINT VENTURE JV partner Integrated Energy Metals (IEM) is a new American company whose website states is focused on building “a world class battery supply chain”. The companies will establish Integrated […]
Corcel enters MoU for metals JV
Corcel plc has entered into a memorandum of understanding (MoU) for a proposed 50-50 joint venture (JV) for its interests in nickel-cobalt in Papua New Guinea (PNG). JOINT VENTURE Corcel and Shandong New Powder COSMO AM&T (NPC)’s JV company will be Integrated Battery Metals (IBM). The partners intend to create a Singapore-based JV which will […]
Corcel looks to binding deal for Mambare-Wowo Gap
Corcel plc said that its proposed off-take partner had invited the company to move to a binding agreement for supplies from the Mambare (41%) and Wowo Gap (100%) nickel-cobalt projects in Papua New Guinea. AGREEMENT In January 2022, the company signed a non-binding memorandum of understanding (MOU) with Shandong New Powder Cosmo AM&T (NPC). A […]
Corcel receives analysis report for Wowo Gap
Corcel plc said it had received its externally commissioned Gap analysis report for its Wowo Gap lateritic nickel-cobalt project (100%) in Papua New Guinea. GAP ANALYSIS AMC Consultants Pty Ltd prepared the Gap analysis which builds on the project’s previous owners’ 2010 feasibility study and the 2016 direct shipping ore (DSO) study. The report includes […]