Alliance Nickel (ASX: $AXN) announcement update

Alliance Nickel Limited (ASX: $AXN) has updated its announcement regarding the NiWest Nickel Cobalt Project, following the grant of Major Project Status by the Australian Federal Government. The update includes reference to the ASX market announcement released on 21 July 2022 entitled PFS Outcomes for NiWest Nickel-Cobalt Project. The company confirms that there is no new information or data that materially affects the information included in this market release.

Executive commentary on NiWest Nickel Cobalt Project update

We are delighted NiWest has been recognized by the Australian Government as a project of national significance. NiWest is the first nickel project to be awarded MPS since nickel was added to the Critical Minerals List earlier this year. The NiWest Project is now recognized as significant from an industry and economic perspective, and we look forward to working closely with relevant Ministers, Government, and industry bodies as we move towards construction.

Summary of NiWest Nickel Cobalt Project update

Alliance Nickel Limited (ASX: $AXN) has received Major Project Status for its NiWest Nickel Cobalt Project from the Australian Federal Government. This status will provide the company with additional support in navigating and coordinating complex Federal and State regulatory approvals for a period of three years. The project, located near Leonora, WA, is expected to create approximately 600 jobs during the construction phase and an additional 300 operational jobs. With the global demand for IRA compliant battery-grade nickel and cobalt growing, this recognition comes at an important time for the company. Alliance Nickel is continuing discussions with WA State Government agencies to further streamline approvals as it looks to finalize a Definitive Feasibility Study in the second half of the year.