Australia’s Chalice Mining inks deal with Mitsubishi to develop PGE project

Credit: Chalice Mining

Australian diversified miner Chalice Mining signed an agreement on Wednesday with Japan’s Mitsubishi Corp to develop its Gonneville PGE-nickel-copper-cobalt project, located in Western Australia.

Under the deal, the Japanese conglomerate will collaborate on the technical, financing, marketing and offtake aspects of the project, which is currently undergoing a pre-feasibility study, expected to end by mid 2025.

The memorandum of understanding also provides an intention of a possible strategic partnership with Mitsubishi to develop the greenfield project, the Australian miner added.

The company also said they are targeting a final investment decision on the project in late 2026.

(By Rajasik Mukherjee; Editing by Alan Barona)


Your email address will not be published. Required fields are marked *