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Devolli Nickel Laterite Project

PROJECT HIGHLIGHTS

 

Albanian Nickel Project (ANG) owns the single largest nickel concession in Albania: the Devolli nickel laterite project.

The project is located in an established mining district with a well-developed infrastructure. The exploration concession covers an advanced project located near the town of Bilisht, which is approximately 230 km south of Tirana. The deposit is located in south eastern Albania within a granted license covering a combined mining and exploration tenure area of more than 4 km².

The Devolli project has been in exploration and development since 1960, with numerous phases of work being undertaken throughout various areas of the license. ANG has consolidated all historical exploration activities for the concession and surrounding areas and has created a comprehensive database of the deposit. Albania, being a European re-emerging historical mining jurisdiction, has led ANG to instigate a drilling program throughout 2015.

The project includes the granted mining permit and environmental approval to commence mining operations. The mining permit gives 25 years’ rights over the deposit with the option to extend for a further 10 years.

The Devolli nickel laterite project is well-positioned to be part of a rapidly growing global demand for nickel within the electric vehicle industry. The Devolli project offers several development options and potential enhancements to its resources through further exploration, license area extension and processing synergies.

The project has a 20 Year Life of Mine, which can be readily increased through the inclusion of additional tenements.

 

INVESTORS

 

ANG, is a privately held company, established in 2013 with the majority shareholders being Ekin Maden and Ronly Group. ANG is focusing on production of Nickel Sulphate from the Resource, a key material in modern battery manufacture.  Nickel Sulphate is expected to be in high demand as the global electric vehicle industry continues to grow.

 

GEOLOGY & RESOURCE 

 

The Resource is based on over 520 boreholes and has an Inferred Resource of 50 million tons at 1.17% Ni with 0.8% cut-off grade, in accordance to local Albanian classification. The Devolli nickel laterite deposit has an approximate borehole grid spacing of 100 x 100m.

The resource potential has warranted further exploration to both confirm the full extent of the mineralization and to enable the resource to be defined in line with JORC standards. ANG has requested a Scoping Study to be undertaken by Golder Associates and is expected to be finalized in Q1 2020. Based on the results of the Scoping Study further work will commence, including exploratory drilling to increase confidence from Inferred to Indicated and Measured.

ANG is fully focused on expanding the mineralization and increasing exploration activities in 2020 through Pre-Feasibility and towards Bankable Feasibility Study. In addition, the Company has determined an expansion program to acquire several surrounding tenements to maximize its resources.

 

LEADERSHIP TEAM

 

Jasmina Stanimirovic – Chief Technical Officer

Jasmina brings wide-ranging international experience in mining with over 20 years, working across operations spanning exploration, open pit and underground mining.

Prior to joining Ronly, Jasmina worked for ArcelorMittal, Rio Tinto, and Anglo American to name a few in various lead technical and operational roles.

She holds a Bachelor of Science (Hons) degree in Geology from Belgrade University and a Master Degree in Geology from the Johannesburg University and is a Professional Natural Scientist with SACNASP.

The project utilises a highly experienced, local technical team, which has been involved in the project since its inception.

 

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