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Alliance Nickel Limited (ASX:AXN)

ALERT: Price-sensitive ASX Announcement for AXN
Current share price for AXN : $0.025 -0.002 (-7.41%)+
Announcement
Release
28 Jul 2026 8:58AM
Price at Release
$0.027
Full Release
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Summary
The quarterly report for Alliance Nickel Limited highlights significant corporate activities including the commencement of vat leach test work for the NiWest Project and the successful closure of an entitlement offer raising A$2.4 million. The company extended its unsecured loan facilities, enhancing financial flexibility for project development. The NiWest Nickel-Cobalt Project, with a substantial JORC resource, continues to progress with a focus on optimization and maintaining its competitive cost position. Market conditions for nickel and cobalt remained volatile, yet favorable for the project's economics, supported by a strategic partnership with Stellantis NV.
Key Points
  • Commenced vat leach test work for the NiWest Project optimisation.
  • Closed a non-renounceable Entitlement Offer raising approximately A$2.4 million.
  • Extended existing unsecured loan facilities to 30 June 2027.
  • Progressed technical and permitting work for the NiWest Nickel-Cobalt Project.
  • NiWest Project contains a JORC resource of 93.4 million tonnes at 1.04% nickel.
  • Definitive Feasibility Study confirms low capital intensity and robust economics.
  • Strategic partnership with Stellantis NV for equity investment and offtake agreement.
  • Nickel prices ranged between US$16,300 and US$19,500 per tonne during the quarter.
  • Cobalt prices remained high, reflecting ongoing supply constraints.
  • The NiWest Project's competitive cost position with US$4.84/lb nickel AISC.
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.