Mincor's long-term goal in its nickel business is to lift its production to greater than 20,000 tonnes per annum of nickel metal contained in ore. To achieve this level of production from its existing operations would require sustained high nickel prices, and hence Mincor's preferred route to achieve this target is the discovery and development of additional nickel mines in Kambalda.
Thus Mincor's Kambalda growth strategy focuses on two core areas - continually replacing existing ore reserves in order to maintain production over the long term, and continually developing and testing exploration targets in order to find and develop new mines capable of lifting production towards the 20,000 tonne per annum goal.
Over the long term, Mincor believes that it owns enough of the prolific Kambalda Nickel District to allow it to achieve these goals - to sustain existing production levels over the long term, and to grow production through new discoveries.
Kambalda production sources
Mincor's decade-long record of replenishing resources and reserves demonstrates the achievability of the Company's goal of long-term production sustainability, with mineral resources having grown every year since start of production (see below graphs), and ore reserves having been maintained at three to four years of mine life for the past ten years.
