As nickel exploration unfolds on a new Tanzanian frontier, Innogy have set up a sweeping stretch of territory in the East African nation as it prepares to make its entry onto the Australian Stock Exchange.
The opportunity for more world class deposits has been rapidly realised in the region, and the EcoGraf spinout IPO has established itself as the largest landholder, with four projects totalling 5300 square kilometres lead by a Northern Frontier project sitting up strike of Kabanga, the largest development-ready and high-grade nickel sulphide deposit in the world.
It is the largest exploration landholdings in a mining jurisdiction now attracting worldwide attention.
BHP has invested up to $140 million in Kabanga, and the region has attracted more than miners, United States Vice President Kamala Harris made a state visit just last month with aims to strengthen economic ties with the nation alongside private industry to build a new continental facility for downstream processing.
There is so much potential for growth here. So our administration is now working with partners to identify additional opportunities for critical minerals from the region to be processed in this new facility.” – Vice President of the United States Kamala Harris
And Innogy’s tenure is prospective for more than nickel sulphide mineralisation, with lithium, cobalt and gold all on the cards, with historical work underpinning significant exploration prospectivity.
But nickel is the headliner here, and the actions of the majors speak volumes when it comes to the outlook of demand for the critical mineral.
“We anticipate demand for nickel in the next 30 years will be 200% to 300% of the demand in the previous 30 years,” BHP asset president of Nickel West Jess Farrell said at last year’s International Mining and Resources Conference.
Innogy have the 25th of May circled for its entrance onto the ASX, marking its own new frontier of public trading.
