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This is in addition to Mindoro's Agata North Project, which has an indicated and measured resource of 26.92 million DMT at 1.11% nickel and 0.06% cobalt, containing 657 million pounds of nickel and 24 million pounds of cobalt, and an additional 3.79 million DMT in the inferred category, containing 89 million pounds of nickel and 2 million pounds of cobalt.
The Surigao projects are in an important nickel producing district. The Agata North project contains major strategic nickel laterite resources with strong competitive advantages, including excellent infrastructure, close proximity to the ocean and markets, abundant limestone on site and potential for establishment of a world-class nickel and cobalt processing operation.
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