There are currently no material Class 1 nickel projects in construction anywhere in the world:

• The lack of new Class 1 (either nickel sulphide or pressure acid leach [PAL]) developments is leading to a continued Ni sulphate premium of up to 35% over the London Metals Exchange [LME] nickel price
• No other person ever has been more successful at taking what come to be tier-one assets that he has discovered or has interest in ‘to market’ than Robert Friedland
• The world needs more than 1 million tons per year [mtpa] of new nickel capacity over the next decade (about 50% of today’s global nickel production of 2.2mtpa). That is the equivalent of five of CLQ’s Sunrise projects each year for the next decade
• The majority of those new projects will need to produce battery-grade nickel feedstock (referred to as Class 1 nickel), not low-grade nickel pig iron or ferronickel
• Nickel sulphide deposits have traditionally supplied class 1 nickel, but are now essentially an extinct beast. The last major nickel sulphide deposit to be brought to market was Voisey Bay in Canada. Guess who discovered this deposit? Robert Friedland. This was described as the find of the century. Voisey Bay turned out to be lowest cost nickel producer in the world.
• So, the world is turning to nickel laterite deposits. Nickel laterites are a very important type of nickel ore deposit. They are growing to become the most important source of nickel metal for world demand
• Historically, these laterite projects take approximately 6 to 12 years from start of feasibility study to first production.
• CLQ is the only development-ready Class 1 nickel project in the world

The CLQ Sunrise project is coming soon to a cinema near you.

T.E.P