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Pacific Nickel Mines (ASX:PNM) begins engineering studies in the Solomon Islands
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  • Pacific Nickel Mines (PNM) has begun engineering studies at the Kolosori nickel direct shipping ore (DSO) project in the Solomon Islands
  • Work will be undertaken by Resindo Resources and Energy Group with focus on assessing port options for exporting DSO product
  • Once this work is completed, Resindo will assess the project delivery components, infrastructure and project logistics
  • These studies will provide information for future definitive feasibility studies and help progress predevelopment activities and approvals
  • After being reinstated into trading, Pacific Nickel has ended the day 17.5 per cent in the red with shares trading at 4.7 cents

Pacific Nickel Mines (PNM) has begun engineering studies at the Kolosori nickel direct shipping ore (DSO) project in the Solomon Islands.

Work will be undertaken by Resindo Resources and Energy Group with initial focus on working with the Solomon Islands' Government marine survey group to assess port options for exporting DSO product.

Resindo is an international project engineering, construction and operations delivery company based in Indonesia.

It has extensive project design and development experience in the minerals, oil and gas, mining and power generation sectors.

Subject to weather, work is expected to begin in the next few weeks.

Once completed, Resindo will assess the project delivery components, infrastructure and project logistics.

These studies will provide information for future definitive feasibility studies and help progress predevelopment activities and approvals.

"Pacific Nickel is pleased to have Resindo joining the Kolosori development team. Their experience with nickel laterite DSO operations in Indonesia, the world's largest country for mining and processing of nickel laterite ores will be invaluable in the development of the Kolosori project," the board commented.

After being reinstated into trading, Pacific Nickel has ended the day 17.5 per cent in the red with shares trading at 4.7 cents in a $7.039 million market cap.

PNM by the numbers
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