EMU Nickel

Shares / Stock Code

EMU

Stock Exchange / Sharemarket

Australian Securities Exchange

Emu Nickel Limited (EMU) focuses on nickel exploration. EMU also has entered a joint venture with nickel miners Jubilee Mines NL and Mincor Resources NL providing access to demonstrated in expertise in exploration and development of nickel sulphide resources. It was listed at ASX on 27 February, 2008.

It was incorporated in 2007, Emu Nickel was formed to farm-in to Image Resources’ extensive portfolio of nickel projects in the Eastern Goldfields and Forrestania-Southern Cross nickel provinces and in turn allow Image to focus on its core mineral sand projects.

The Company's objective is to discover high-value nickel sulphide deposits in Australia by exploring its portfolio of projects in order to create wealth for its shareholders. Emu aims to achieve this objective by the application of sound geoscientific and commercial criteria and, where appropriate, by partnering with other companies which have the skills and financial resources to add value to Emu Nickel’s projects.

Emu Nickel has entered into a joint venture with Image Resources NL on a prospective tenement package including 24 granted exploration licences and four exploration licence applications covering 2,500sq km situated in the Yilgarn Craton, one of the world's most fertile nickel sulphide provinces. The terms of the joint venture are:

  • A minimum expenditure of $1 million in the first year from listing on ASX
  • A minimum expenditure of $2 million within two years of listing, on any or all of the projects, to earn an 80% interest
  • The right to increase Emu's interest to 100% by spending an aggregate $3 million within 3 years of listing and converting Image's interest to a 1% gross royalty interest which Emu may buy out at any time on payment of $200,000

EMU Nickel Products and Services

  • Nickel exploration

EMU Nickel Locations and Subsidiaries

EMU Nickel Head Office
Level 2, 16 Ord Street,
WEST PERTH, WA 6005
Phone: (08) 9226 4266
Fax: (08) 9485 2840

Company Website

EMU Nickel Share Price

Submitted by ASX Listed Company on 20 March, 2010 - 00:34

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