European Nickel PLC

European Nickel PLC

European Nickel is a UK registered company listed on the AIM, PLUS and ASX exchanges under the ticker symbol ENK. European Nickel is an emerging mid-tier nickel laterite producer focused on growth. The Çaldag project in Turkey is the Company's flagship asset with near term production and will be the world's first commercial scale nickel laterite heap leach operation. In addition, it will be one of the largest foreign direct investments in Turkey’s mining industry.The Company’s key competitive advantage over its peers is its proven and simple heap leaching process which produces a mixed hydroxide product at lower capital and operating costs than conventional forms of nickel laterite processing technologies.

The Company's current projects are located in Turkey, the Philippines and Albania.In July 2010, European Nickel entered into a strategic partnership with Constantia Resources, a member of the Hunter Dickinson group through a two tranche, non-brokered private placement which will result in Constantia holding an interest of just under 30%. The first tranche will raise £3.36 million (approximately US$5 million). The second tranche, which is expected to take place within 30 days of the completion of the Çaldag project finance facility, will raise a further £36.7 million (approximately US$55 million). Hunter Dickinson has an exceptional track record in advancing mining projects through development and construction and on to operations. Their expertise will complement European Nickel’s management team and technological know-how to assist the successfully delivery of the Çaldag project.European Nickel also recently merged with Rusina to consolidate a global development pipeline that comprises of more than 1.3 million tonnes of nickel in reserves and resources. Following this merger, European Nickel were admitted to trading on the ASX in June 2010.

Contact Details

Office Address

European Nickel PLC
49 Albemarle St., 3rd Fl.
London, UK W1S4JR
Phone: +44-20-7290-3130
Fax: +44-20-7290-3149

Executives

Chairman

Felix Pole

Managing Director

Simon Purkiss

Business Reviews for European Nickel PLC

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