Atlantic Nickel (“Atlantic Nickel” or the “Company”) and Appian Capital Advisory LLP (“Appian”) are pleased to announce the first sale of nickel concentrate from the Santa Rita nickel sulphide re-start project (“Santa Rita” or the “Project”) located in Brazil. Highlights First sale of nickel concentrate from the Santa Rita with shipment in January 2020 Following the re-commencement of the mine in July 2019, mining and processing operations are both ahead of schedule Over 11,000 dmt of in-specification concentrate produced to date Offtake agreement and financing facility in place with Trafigura, one of Atlantic Nickel’s cornerstone offtakers Production expected to reach nominal annualised capacity in 2020 Since the recommencement of blasting activities in July 2019, the Company has safely achieved several operational milestones on or ahead of schedule. Refurbishment of the plant is complete, and the ramp-up of commissioning activities has resulted in early production of nickel concentrate. The Company has produced over 11,000 dmt to date and is set to deliver its first shipment in January of 2020. On the back of strong commercial interest, the Company has looked to establish relationships with a diverse set of offtake partners, each with strong reputations globally. In line with this strategy, Atlantic…
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