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$180M
  • NPI production at HNI commenced in March 2019
  • In 2019 the Project was awarded material tax concessions, paying no income tax for a period of 7 years followed by an additional 2-year period paying 50% of the prevailing corporate income tax rate
  • In October 2022 the Company elected to convert production from NPI to nickel matte, representing its first foray into supplying nickel intermediates to the EV battery supply chain
2023 Revenue
US$ 320.2M
2023 Production
19,907 Tonnes
2023 Cash
US$12,632/Tonne

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