Pure Minerals Limited (ASX:PM1) owns 100% of Queensland Pacific Metals Pty Ltd, an emerging developer of battery chemicals nickel sulphate and cobalt sulphate.
Pure Minerals is currently progressing its Pre-Feasibility Study on the Townsville Energy Chemicals Hub, a 600,000tpa refinery that will produce 25,000tpa nickel sulphate / 3,000tpa cobalt sulphate. During construction, TECH could employ over 1,000 people and retain over 100 full time employees during operation, proposed to commence in 2021.
The Company will import high grade Ni-Co laterite ore (1.6% Ni / 0.017% Co) from New Caledonia under long term ore supply agreements for processing at TECH. The grade of this ore is significantly higher than Ni-Co laterite deposits in Australia, providing QPM with a competitive advantage against its peers and should result in lower capex and opex.
Pure Minerals is a processing Company there is no mining risk. Its ore supply partners have been oper