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Sconi Project
Nickel, Cobalt and Scandium. Greenvale, Queensland
The Sconi Project represents a significant nickel and cobalt development opportunity in a Tier-1 jurisdiction, supported by a large resource base and long mine life.
With established infrastructure, advanced technical studies, low technical risk and projected low operating costs, Sconi provides a strong foundation for large-scale production. The Sconi project remains well-positioned amid improving nickel and cobalt markets, providing exposure to rising demand and enhancing its prospects as a globally significant supplier.
Sconi is 100% owned and backed by a 75.71 Mt Mineral Resource. With a projected mine life of more than 30 years and advanced technical and permitting work completed, the project is positioned as a long-life, development-ready nickel-cobalt asset in a secure Australian jurisdiction.
Key ASX Announcements
- Sconi to generate $5 billion in free cashflow.*
- BFS supports strong commercial case for developing Sconi.*
- Resources & Reserves
* This information is historical and subject to underlying assumptions.
Related
Sconi Project
Greenvale, Queensland Australia
The Sconi Project is supported by well-developed infrastructure, including easy access to the Port of Townsville. The project sits within a Tier 1 jurisdiction with established road, port, power, water, telecommunications and airport access.
Key Project Highlights
Long Life
30 years
(increased from 18 years projected in the 2018 BFS)
JORC (2012)
Resource
75.71 million tonnes at 0.6% nickel and 0.08% cobalt.
Life-of-Mine
production
Nickel sulphate: 46,800 tpa.
Cobalt sulphate: 7,000 tpa.
Advanced
project
2018 and updated in 2019 Feasibility study
Project Advantage
| Category | Detail | Description |
|---|---|---|
| Resource | Large-scale JORC resource | 75.71 Mt Mineral Resource at 0.60% Ni and 0.08% Co, with Ore Reserves of ~63.8 Mt supporting a 30+ year mine life. |
| Jurisdiction | Queensland, Australia | 100% owned, located in a Tier-1 mining jurisdiction with established road, port, power, water and telecommunications infrastructure. |
| Production | Integrated processing | Designed as a fully integrated single-site operation, converting raw ore into battery-grade nickel sulphate (46,800 tpa) and cobalt sulphate (7,000 tpa). |
| Feasibility | Advanced studies | Bankable Feasibility Study completed in 2018 and updated in 2019, with projected low operating costs and strong project economics. |
| Economic impact | Regional contribution | Expected to create approximately 800 jobs and increase regional Gross Regional Product by A$2.2 billion over the project lifetime. |
| ESG | Carbon Neutral certified | Committed to producing carbon-neutral certified feedstock with a fully transparent, ethical supply chain. |
Key Value Drivers
- Recovery in nickel and cobalt market conditions
- Advancement of development and funding pathways
- Strategic partnerships or offtake discussions
- Optimisation of project economics and operating costs
- Government or strategic support for critical minerals development
- Continued progress toward large-scale production
Potential Value Catalysts
-
Recovery in nickel and cobalt market conditions
-
Advancement of development and funding pathways
-
Strategic partnerships or offtake discussions
-
Optimisation of project economics and operating costs
-
Government or strategic support for critical minerals development
-
Continued progress toward large-scale production
