Mincor Resources: Receives $25.3m nickel concentrate payment

June 24, 2022

Mincor Resources (MCR) receives a $25.3 million payment for its first nickel concentrate processed through BHP’s (BHP) Kambalda Nickel Concentrator
The payment represents 90 per cent of the payment for ore deliveries, with the remaining 10 per cent due in August
With this sale, Mincor has delivered the restart of the WA Kambalda project for an actual peak funding outlay of $98 million — 8 per cent lower than its estimate of $107 million
Further, major capital works are largely complete, with the accommodation village expected to be finished early in the December quarter
Mincor is up 1.86 per cent on the ASX, with shares trading at $1.65 at 2:17 pm AEST