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Emu Nickel NL
Making the
transition in 2012 from nickel explorer to an antimony
and gold producer
Emu Nickel in 2012 is
undergoing a transformation from its roots as a Western
Australian-nickel focused explorer, to that of an
antimony and gold miner, with flagship operations based
around the recommissioning of the existing Hillgrove
antimony/gold mine and processing facility near Armidale
in New South Wales.
A meeting of shareholders on
April 4, 2012, will consider the transaction, renaming
the company to ANCOA, and approving a $60-$70 million
capital raising (full details are outlined in the “Proposed
antimony acquisition” subhead in the Investor Centre
section of this web site: (Click here:
Proposed antimony mine acquisition)).
Emu Nickel's objective under
this corporate refocus is to achieve the Company's first
antimony mining and the production of two concentrates
within 15 months of the capital raising.
The Company will review its
portfolio of Western Australian tenement interests,
ranging from grassroots to advanced nickel sulphide
projects, and make a decision regarding those assets
once the Hillgrove acquisition is complete.
The transition to
antimony/gold miner offers the optimal path to achieve a
company-making outcome in the short to medium term.
Recent
Media Releases
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The Australian
Feb 2012 |
Mining News Feb
2012 |
AAP Newswire 8
Feb 2012 |
Armidale Express
8 Feb 2012 |
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Field PPR 8 Feb
2012 |
Field PPR 8 Feb
2012 |
Karl Franzen Feb
2012 |
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