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Alliance Nickel Limited (ASX:AXN)

ALERT: Price-sensitive ASX Announcement for AXN
Current share price for AXN : $0.027 -0.002 (-6.90%)+
Announcement
Release
26 Jun 2026 9:12AM
Price at Release
$0.029
Full Release
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Summary
Alliance Nickel Limited has commenced vat leach testwork on a bulk sample of NiWest ore as part of their capital cost optimization program for the NiWest Nickel-Cobalt Project. This approach is being explored as a potentially more cost-effective atmospheric leaching alternative to heap leaching, which was a significant component of the capital expenditure in the 2024 Definitive Feasibility Study (DFS). The test aims to reduce capital costs through more efficient local water sourcing, with anticipated benefits such as improved solution distribution, enhanced kinetics, and shorter leach cycles. Results from the testwork, expected to be completed by late Q3 2026, could lead to updates to the existing feasibility study.
Key Points
  • Bulk sample of approximately 2 tonnes of NiWest ore sent for vat leach testwork.
  • Vat leaching considered as a cost-efficient alternative to heap leaching in DFS.
  • Potential for significant capex reduction due to lower water infrastructure needs.
  • Testwork expected to complete by late Q3 2026.
  • Results to potentially update previous feasibility study.
  • Vat leach method might improve leaching kinetics and solution distribution.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.