Pacific Nickel Mines Ltd Quarterly Activities Report
Key points
- Kolosori Nickel Project continues operations with Glencore financing
- Sale of Jejevo and Kolosori Projects to Green Rock Limited extended to 27 May 2026
- Company remains suspended from ASX quotation pending compliance and regulatory approvals
Full summary
Pacific Nickel Mines Ltd (PNM) provides an update on its activities for the December 2025 Quarter. The Kolosori Nickel Project in the Solomon Islands continues to operate with local mining contractor, funded by Glencore's stockpile finance. PNM is suspended from ASX quotation until compliance with listing rules is confirmed. PNM has extended the sale of its Jejevo and Kolosori Projects to Green Rock Limited to 27 May 2026, pending shareholder and regulatory approvals. The sale is for nominal consideration of A$1.00 and involves a Royalty Agreement and a Deed of Release with Glencore.
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