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Nickel Industries Limited (ASX:NIC)

ALERT: Price-sensitive ASX Announcement for NIC
Current share price for NIC : $0.785 -0.17 (-17.80%)+
Announcement
Release
29 Jan 2026 9:47AM
Price at Release
$0.955
Full Release
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Summary
In the December 2025 Quarterly Activities Report, Nickel Industries Limited reported various operational and financial outcomes. The company saw a slight increase in nickel production via its RKEF operations, reaching 31,561 tonnes, though higher nickel ore costs led to increased cash costs and a decrease in adjusted EBITDA. The Huayue Nickel Cobalt (HNC) project recorded strong margins, and the Excelsior Nickel Cobalt (ENC) project is nearing production. Despite a delay in approvals impacting the Hengjaya Mine, operations resumed robustly in December. A new solar project at the Indonesian Morowali Industrial Park will support ENC with renewable energy. The company also announced a significant transaction involving Sphere Corp, a SpaceX supplier, acquiring a 10% interest in ENC. Financial highlights include a total adjusted EBITDA of US$37.3 million, reduced due to the RKAB delay, and steps towards securing additional project interests.
Key Points
  • Nickel production reached 31,561 tonnes, a 1% quarterly increase.
  • Higher nickel ore costs led to increased cash costs.
  • Adjusted EBITDA for RKEF operations decreased by 13%.
  • Huayue Nickel Cobalt (HNC) recorded a strong margin of $8,012/t.
  • Excelsior Nickel Cobalt (ENC) project is nearing production.
  • Hengjaya Mine experienced operational disruptions due to approval delays.
  • A solar project will provide renewable energy to ENC.
  • Sphere Corp acquired a 10% interest in ENC.
  • Total adjusted EBITDA for the quarter was US$37.3 million.
  • The company anticipates securing additional interests in nickel projects.
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.