Nickel explorer ENK is to build its Acoje project in the Philippines over two stages to focus on the higher grade ore first.
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ENK (AIM/PLUS/ASX: ENK) is an emerging mid-tier nickel laterite producer focused on growth with assets in Turkey, the Philippines and Albania.
ENK has developed an innovative, low cost, environmentally sensitive heap leach technology, which offers a competitive edge over conventional nickel laterite processing.
30/04/12
Nickel explorer ENK is to build its Acoje project in the Philippines over two stages to focus on the higher grade ore first.
21/12/11
ENK's sale of the Caldag mine will enable it to focus solely on getting its Acoje project in the Philippines up and running, managing director Rob Gregory told Proactive Investors.
16/11/11
ENK should be in a good position when it comes to negotiating project finance options for the Acoje nickel project, according to analysts at Evolution Securities. The comments come as the firm received the outstanding US$34 million from the sale of the Caldag project.
27/10/11
Evolution Securities, ENK’s house broker, hailed the achievement and reiterated its ‘buy’ rating for the shares as well as its 50 pence price target
15/09/11
ENK has made rapid progress on Acoje since Caldag was put on care and maintenance last year. Now with a £25 million cash injection it can complete the bankable feasibility study, which is on-track for mid-2012, without asking shareholders for more money.
01/07/11
Evolution Securities reckons it is time to take a fresh look at European Nickel following the impairment of its troubled Caldag project in Turkey and argues its shares are undervalued.
28/03/11
The junior nickel company has banked a US$2.84 million refund from its shelved project in Turkey and the funds are expected to help it progress its new focus, the Acoje nickel laterite project in the Philippines. Evolution’s Louise Collinge reckons ENK is making progress on a number of fronts and the analyst's 55 pence target price sees a recovery for the shares. Meanwhile Fairfax Securities' John Meyer thinks that Acoje's upcoming heap leach trial will be the key to ENK's sucess.
10/12/10
European Nickel has taken charge of its own destiny in moving its focus from the Caldag project in Turkey to its Acoje asset in the Philippines, according to Louise Collinge, mining analyst at Evolution Securities.
10/12/10
Deputy chairman Simon Purkiss tells us why the company decided to put its Caldag project on care and maintenance to focus on its development in the Philippines.
12/07/10
Canadian mining investment specialist Hunter Dickenson is buying US$60 million worth of stock at well above the current market value - signalling what deputy chairman Simon Purkiss called the 'end of the pain' after a difficult 2010.
17/05/10
The would be nickel developer is looking to secure some $350 million in finance to develop a world class laterite mining operation to exploit Çaldağ’s JORC proven reserve of 33.2 million tonnes at 1.13% nickel
07/04/10
The benefits of a merger to both companies are clear - the combined entity will have a total attributable resource base of 1.35 million tonnes of contained nickel and forecast production of 45,000 tonnes per annum
02/02/10
The deal is putting the Caldag and Acoje projects in Turkey and the Philippines under one roof, putting the merged group on course to becoming a significant nickel developer.
12/05/09