Alliance Nickel's latest developments

Alliance Nickel (ASX:AXN) has released an update for the September 2024 quarter, detailing progress on its NiWest Nickel-Cobalt Project. Key engineering and technical workstreams for the Definitive Feasibility Study have been completed, with final reviews underway. Strategic partnerships with Samsung SDI and Stellantis N.V. were highlighted, alongside a $4 million loan from Zeta Resources to support project development.

Comprehensive project update and future outlook

Alliance Nickel has made substantial progress on the NiWest Nickel-Cobalt Project during the September 2024 quarter. Completion of engineering and technical workstreams for the project's Definitive Feasibility Study marks a critical milestone. The company is advancing commercial discussions with Samsung SDI and has a binding offtake agreement with Stellantis N.V. for 40% of annual production. Financially, Alliance secured a $4 million loan from Zeta Resources to complete the feasibility study and support ongoing operations. The company's focus remains on sustainability, maintaining a strong safety record, and engaging with traditional landowners. Alliance Nickel is optimistic about future nickel demand, driven by the electric vehicle and energy storage sectors.

Executive insights on company progress

The NiWest Project continues to make significant strides towards completion of its Definitive Feasibility Study. Our strategic discussions with Samsung SDI and partnership with Stellantis N.V. underscore the project's importance in the global battery manufacturing sector. We remain committed to our safety and ESG practices and are actively managing our financial position to support ongoing development.