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Nickel 28 Announces Ramu Nickel-Cobalt Mine Returns to Full Production Capacity

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Nickel 28 Capital Corp (TSXV: NKL) announced that its Ramu Nickel-Cobalt Mine has successfully resumed full production capacity following the repair of a mechanical failure. The issue, which involved one of two blowers in the acid plant at Ramu's HPAL plant, had caused a temporary reduction in production since December 18, 2024.

With the mechanical repair and replacement of the fan blower now completed, the company maintains its production guidance for calendar 2025 at approximately 32,000 Mt of contained nickel and 2,900 Mt of contained cobalt.

Nickel 28 Capital Corp (TSXV: NKL) ha annunciato che la sua Miniera di Nichel-Cobalto Ramu ha ripreso con successo la piena capacità produttiva a seguito della riparazione di un guasto meccanico. Il problema, che ha coinvolto uno dei due ventilatori nell'impianto di acido presso l'impianto HPAL di Ramu, aveva causato una temporanea riduzione della produzione dal 18 dicembre 2024.

Con la riparazione meccanica e la sostituzione del ventilatore ora completate, l'azienda mantiene la sua guida sulla produzione per l'anno solare 2025 a circa 32.000 Mt di nichel contenuto e 2.900 Mt di cobalto contenuto.

Nickel 28 Capital Corp (TSXV: NKL) anunció que su Minería de Niquel-Cobalto Ramu ha reanudado con éxito su plena capacidad de producción tras la reparación de una falla mecánica. El problema, que involucró uno de los dos sopladores en la planta de ácido de la planta HPAL de Ramu, había causado una reducción temporal en la producción desde el 18 de diciembre de 2024.

Con la reparación mecánica y el reemplazo del ventilador ahora completados, la compañía mantiene su guía de producción para el año calendario 2025 en aproximadamente 32,000 Mt de níquel contenido y 2,900 Mt de cobalto contenido.

Nickel 28 Capital Corp (TSXV: NKL)는 라무 니켈-코발트 광산이 기계 고장 수리를 완료한 후 성공적으로 전체 생산 능력을 재개했다고 발표했습니다. 이 문제는 라무의 HPAL 공장에서 산산조각 난 산성 플랜트의 두 개의 송풍기 중 하나와 관련이 있었으며, 2024년 12월 18일부터 생산이 일시적으로 감소했습니다.

기계 수리와 팬 송풍기 교체가 완료됨에 따라, 회사는 2025년 달력 연도에 대한 생산 가이드를 약 32,000 Mt의 니켈 포함량2,900 Mt의 코발트 포함량으로 유지합니다.

Nickel 28 Capital Corp (TSXV: NKL) a annoncé que sa mine de nickel-cobalt de Ramu avait réussi à reprendre sa pleine capacité de production suite à la réparation d'une défaillance mécanique. Le problème, qui concernait l'un des deux ventilateurs de l'usine d'acide de l'usine HPAL de Ramu, avait causé une réduction temporaire de la production depuis le 18 décembre 2024.

Avec la réparation mécanique et le remplacement du ventilateur maintenant terminés, l'entreprise maintient ses prévisions de production pour l'année civile 2025 à environ 32 000 Mt de nickel contenu et 2 900 Mt de cobalt contenu.

Nickel 28 Capital Corp (TSXV: NKL) gab bekannt, dass seine Ramu Nickel-Cobalt Mine die volle Produktionskapazität erfolgreich wieder aufgenommen hat, nachdem ein mechanischer Ausfall repariert wurde. Das Problem, das einen der beiden Gebläse in der Säureanlage der HPAL-Anlage von Ramu betraf, hatte seit dem 18. Dezember 2024 zu einer vorübergehenden Produktionsreduzierung geführt.

Nach Abschluss der mechanischen Reparatur und des Austauschs des Ventilators hält das Unternehmen seine Produktionsprognose für das Kalenderjahr 2025 bei etwa 32.000 Mt enthaltenem Nickel und 2.900 Mt enthaltenem Kobalt.

Positive
  • Return to full production capacity after mechanical repairs
  • Maintaining 2025 production guidance of 32,000 Mt nickel and 2,900 Mt cobalt
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Toronto, Ontario--(Newsfile Corp. - February 20, 2025) - Nickel 28 Capital Corp. (TSXV: NKL) (FSE: 3JC0) ("Nickel 28" or the "Company") is pleased to announce the successful resumption of full production levels at the Ramu Nickel-Cobalt Mine's ("Ramu") Basamuk HPAL plant.

On December 18, 2024, the Company announced a short-term reduction in production due to a mechanical failure of one of the two blowers in the acid plant at Ramu's HPAL plant. Nickel 28 - News Releases. The Company is pleased to announce the mechanical repair and replacement of the fan blower has now been completed, and Ramu has returned to full production capacity.

At this time, the Company is still guiding for annual production levels at Ramu of approximately 32,000 Mt of contained nickel and 2,900 Mt of contained cobalt in calendar 2025.

About Nickel 28

Nickel 28 Capital Corp. is a nickel-cobalt producer through its 8.56% joint-venture interest in the producing, long-life and world-class Ramu Nickel-Cobalt Operation located in Papua New Guinea. Ramu provides Nickel 28 with significant attributable nickel and cobalt production thereby offering our shareholders direct exposure to two metals which are critical to the adoption of electric vehicles. In addition, Nickel 28 manages a portfolio of 10 nickel and cobalt royalties on development and exploration projects in Canada, Australia and Papua New Guinea.

Cautionary Note Regarding Forward-Looking Statements

This news release contains certain information which constitutes 'forward-looking statements' and 'forward-looking information' within the meaning of applicable Canadian securities laws. Any statements that are contained in this news release that are not statements of historical fact may be deemed to be forward-looking statements. Forward-looking statements are often identified by terms such as "may", "should", "anticipate", "expect", "potential", "believe", "intend" or the negative of these terms and similar expressions. Forward-looking statements in this news release include, but are not limited to: statements and figures with respect to the operational and financial results of the Ramu project; statements with respect to the prospects of nickel and cobalt in the global electrification of vehicles; statements related to the repayment of the Company's Ramu operating debt (and the timing thereof); statements related to the Company's attributable cash flow (and the receipt and timing thereof); and statements with respect to the business and assets of the Company and its strategy going forward. Readers are cautioned not to place undue reliance on forward-looking statements. Forward-looking statements involve known and unknown risks and uncertainties, most of which are beyond the Company's control. Should one or more of the risks or uncertainties underlying these forward-looking statements materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results, performance or achievements could vary materially from those expressed or implied by the forward-looking statements.

The forward-looking statements contained herein are made as of the date of this release and, other than as required by applicable securities laws, the Company does not assume any obligation to update or revise them to reflect new events or circumstances. The forward-looking statements contained in this release are expressly qualified by this cautionary statement.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. No securities regulatory authority has either approved or disapproved of the contents of this news release.

Investor Relations Contact Information:

Nickel 28 Investor Relations
Attn: Brett Richards, Director/Advisor
Director Tel: +1 905 449 1500
Email:
info@nickel28.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/241621

FAQ

When did Ramu Nickel-Cobalt Mine resume full production for Nickel 28 (CONXF)?

Nickel 28 announced the resumption of full production at Ramu Nickel-Cobalt Mine on February 20, 2025, following the completion of mechanical repairs to the fan blower.

What caused the production reduction at Ramu Mine in December 2024?

The production reduction was caused by a mechanical failure of one of the two blowers in the acid plant at Ramu's HPAL plant on December 18, 2024.

What is Nickel 28's production guidance for Ramu Mine in 2025?

Nickel 28 maintains its 2025 production guidance for Ramu Mine at approximately 32,000 Mt of contained nickel and 2,900 Mt of contained cobalt.

How long was the Ramu Mine operating at reduced capacity?

The Ramu Mine operated at reduced capacity from December 18, 2024, until the announcement of full production resumption on February 20, 2025, approximately two months.

Nickel 28 Capital Corp

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