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Nickel X listed on the Australian Securities Exchange in 2021 with the vision of bringing together an experienced base and precious metals team with a high-quality asset in an emerging minerals district.
The Company’s flagship project is its Biranup project which is located at the northern end of the Albany-Fraser belt, adjacent to the Tropicana gold mine. Historic drilling at site has confirmed the presence of ultrmafic and mafic rock, with discrete zones of semi-massive to massive sulphides, which hold the potential to host large scale nickel-copper-cobalt mineralisation. The Company intends to use a variety of systematic exploration techniques to unlock major mineralised deposits.
The Company is exploring at a time of an unprecedented shift in the demand profile for nickel. Nickel demand is driven by a combination of growth in the steel sector (a traditional market) and the high-growth new energy sector. The use of nickel in the electric vehicle sector has more than doubled since 2016 and is projected to increase 15-fold up to 2025.