Hengjaya Nickel
Ranger Nickel
Angel Nickel
Oracle Nickel
RKEF OPERATIONS
Hengjaya Nickel Project (HNI)
Nickel Industries – 80% Interest
- Nickel Industries holds an 80% interest in the Hengjaya Nickel Project, a project entity comprising:
- 2 x Rotary Kiln Electric Furnaces (RKEFs) with a nameplate capacity of 15kt pa
- The Company acquired its interest in HNI across several tranches for a total consideration of US$180M
- NPI production at HNI commenced in March 2019
- In 2019 the Project was awarded material tax concessions, paying no income tax for a period of 7 years followed by an additional 2-year period paying 50% of the prevailing corporate income tax rate
- In October 2022 the Company elected to convert production from NPI to nickel matte, representing its first foray into supplying nickel intermediates to the EV battery supply chain
2023 Production
19,907 Tonnes
RKEF OPERATIONS
Ranger Nickel Project (RNI)
Nickel Industries – 80% Interest
- Nickel Industries holds an 80% interest in the Ranger Nickel Project, a project entity comprising:
- 2 x Rotary Kiln Electric Furnaces (RKEFs) with a nameplate capacity of 15kt pa
- The Company acquired its interest in HNI across several tranches for a total consideration of US$230.1M
- NPI production at HNI commenced in May 2019
- In 2019 the Project was awarded material tax concessions, paying zero income tax for a period of 7 years followed by an additional 2-year period paying 50% of the prevailing corporate income tax rate
RKEF OPERATIONS
Angel Nickel Project (ANI)
Nickel Industries – 80% Interest
- Nickel Industries holds an 80% interest in the Angel Nickel Project, a project entity comprising:
- 4 x Rotary Kiln Electric Furnaces (RKEFs) lines with a nameplate capacity of 36kt pa
- 380Mw power plant
- The Company acquired its interest in ANI across several tranches for a total consideration of US$557.5M
- NPI production at ANI commenced in May 2019
- In 2022 the Project was awarded material tax concessions, paying no income tax for a period of 10 years followed by an additional 2-year period paying 50% of the prevailing corporate income tax rate
RKEF OPERATIONS
ORACLE NICKEL PROJECT (ONI)
Nickel Industries – 80% Interest
- Nickel Industries holds an 80% interest in the Oracle Nickel Project, a project entity comprising:
- 4 x Rotary Kiln Electric Furnaces (RKEFs) with a nameplate capacity of 36kt pa; and
- 380Mw power plant
- The Company acquired its interest in ONI across several tranches for a total consideration of US$600M
- NPI production at ONI commenced in November 2022
- In 2023 the Project was awarded material tax concession, paying no income tax for a period of 10 years followed by an additional 2-year period paying 50% of the prevailing corporate income tax rate