Nickelore (NIO)

Shares / Stock Code

NIO

Stock Exchange / Sharemarket

Australian Securities Exchange

Nickelore Limited (NIO), formerly Halcyon Group (HCY) is a minerals' exploration and mining company primarily searching for gold and nickel sulphide, with tenements mainly in Australia. Its key project is at Bardoc near Kalgoorlie in Western Australia. Exploration companies aim to discover and delineate occurrences of metals and minerals that can be economically mined and extracted.HCY was listed on the Australian stockmarket (ASX) in July 2000. Its head office is situated in West Perth. The company changed its name and ASX code to Nickelore Limited (NIO) in December 2007.

The Bardoc Gold Project is centred on the historical Gold mining center of Bardoc, located 45km north of Kalgoorlie. NIO controls 100% of the project. Project access is good with proximity to both infrastructure and gold-processing plants.Major competitors include other gold exploration companies within the industry such as Newman Mining Corporation, Oceana Gold Limited and Terra Gold Mining. Major customer are governments, banks and international gold brokers.

The Canegrass Nickel Cobalt Project (CNCP) comprises the Company’s right to mine and extract a total of 140,000 tons of nickel metal on the CNCP tenements, M24/290 and M24/39, which are held by Wingstar Investments Pty Ltd (Wingstar). The Company also holds the nickel rights for 13 square kilometers of ground, held by Monarch Gold, and tenements covering 14 square kilometers, acquired from Kalgoorlie-Boulder Resources. The 100%-owned Lake Marmion Uranium Project consists of six exploration licenses and two prospecting licenses covering the Lake Marmion tertiary drainage channel. On August 7, 2009, the Company completed the sale its wholly owned subsidiary, Bardoc Tectonic Zone Pty Ltd (BTZ), which owned Bardoc Gold Project. Its other projects include Goongarrie East and Papua Gold & Copper Project.

Nickelore (NIO) Products and Services

  • Exploration for gold and sulphide nickel, and investment in the minerals exploration and development sector.

Nickelore (NIO) Locations and Subsidiaries

Nickelore Head Office
Level 2, 45 Richardson Street, WEST PERTH,
WA, AUSTRALIA, 6005
Phone: (08) 9481 2433
Fax: (08) 9322 5907

Nickelore (NIO) Share Price

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Submitted by ASX Listed Company on 14 May, 2010 - 20:36

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