Quarterly Activities Report
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| Stock | Pacific Nickel Mines Ltd (PNM.ASX) |
|---|---|
| Release Time | 25 Jun 2026, 1:44 p.m. |
| Price Sensitive | Yes |
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Pacific Nickel Mines Ltd Quarterly Activities Report
Key Points
- Kolosori Nickel Project operations continue with Glencore's stockpile finance.
- Company remains suspended by ASX pending compliance with listing rules.
- Sale of Jejevo and Kolosori Projects to Green Rock Limited is pending conditions.
- Company exploring additional business opportunities.
- Glencore continues to provide financial support.
Full Summary
Pacific Nickel Mines Limited (PNM) reports on its activities for the March 2026 quarter. The Kolosori Nickel Project, located in the Solomon Islands, continues to operate with local mining contractor support. Glencore has provided stockpile finance of A$2.07 million to fund ongoing activities. The company remains suspended from quotation by the ASX until compliance with listing rules is confirmed. PNM has entered into a Share Sale and Purchase Agreement with Green Rock Limited for the sale of its interest in Jejevo and Kolosori Projects, subject to conditions including shareholder approval and regulatory approvals. The company is also reviewing additional business opportunities.
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