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Alliance Nickel Limited

ASX | AXN Mining
19 May 2023

Alliance Nickel Limited Uploaded a News Release
May 19, 2023

Appointment of Company Secretary


  • Mr. David Edwards has been appointed as the Company Secretary of Alliance Nickel Ltd (ASX: AXN) following the resignation of Mr. Mark Pitts, effective May 18, 2023. Mr. Edwards also serves as Alliance’s Chief Financial Officer.
  • The Alliance Board expresses gratitude to Mr. Mark Pitts and Endeavour Corporate for their valuable contributions to the company over many years.
12 May 2023

Alliance Nickel Limited Uploaded a News Release
May 12, 2023

Appointment of Debt Advisor for the NiWest Nickel-Cobalt Project


  • Experienced financial adviser, Blackbird Commodity Partners appointed to support Alliance’s financing strategy for the NiWest Nickel-Cobalt Project
  • Appointment follows the recently completed binding offtake agreement and equity investment by leading global automaker Stellantis N.V.
  • The key milestone to secure project financing is the release of the NiWest definitive feasibility study expected in Q4 2023
3 May 2023

Alliance Nickel Limited Uploaded a News Release
May 3, 2023

Alliance Nickel receives $12.7 Million from First Tranche of Strategic Placement to Stellantis N.V.


  • Receipt of Tranche 1 funds follows execution of a Binding Offtake Agreement for approximately 40% of future annual forecast NiWest nickel and cobalt sulphate production for an initial term of 5 years
  • Strategic placement is in two tranches for total of A$15 million giving Stellantis an 11.5% shareholding in Alliance and the right to nominate one director to the Alliance Board
  • Tranche 2 funds of $2.3 Million, subject to FIRB approval, are expected in the June quarter 2023
1 May 2023

Alliance Nickel Limited Uploaded a Presentation
May 1, 2023

Investor Presentation – NiWest Project


  • An advanced asset of scale in a first-class mining region
    • Mine life of +25 years
    • High-grade Resource on granted Mining Leases
  • Ore properties deliver a competitive advantage to nickel laterite peers
    • Heap leach processing confirmed by extensive metallurgical testwork
    • Delivers a significant reduction in up-front capital relative to HPAL
  • Stellantis partnership transforms project development potential
    • Highest quality offtake partner
    • Cornerstone equity investment and Alliance Board representation
  • NiWest DFS on track for completion by the end of 2023
    • Leveraging existing regional power, water, road and rail infrastructure
    • Targeting the start of construction in 2024
28 Apr 2023

Alliance Nickel Limited Uploaded a Corporate Update
April 28, 2023

Stellantis Signs Offtake Agreement and Invests in Alliance Nickel for Battery Grade Nickel and Cobalt Sulphate


  • Binding offtake agreement of battery-grade nickel and cobalt sulphate from the NiWest project in Western Australia
  • Offtake agreement for approximately 40% of forecast annual production for an initial term of five years
  • Stellantis purchases €9.2 million (AUD 15 million) in new equity in Alliance Nickel, giving it an 11.5% shareholding
  • Agreement strengthens Stellantis’ value chain for electric vehicle battery production that supports Dare Forward 2030 strategic plan targets
24 Apr 2023

Alliance Nickel Limited Uploaded a News Release
April 24, 2023

Quarterly Activities Report


  • Advancement on schedule of the Definitive Feasibility Study (“DFS”) with engineering partner Ausenco and other key consultants across a wide range of workstreams.
  • Preparation and commencement of aircore and diamond drilling at the Mt Kilkenny deposit targeting an increased Ore Reserve and to support DFS work programs including geotechnical studies.
  • Signing of a non-binding MOU with VinES in relation to future offtake of battery grade nickel and cobalt sulphate products from NiWest and project financing.
  • Progress in negotiations with Stellantis towards a binding agreement in relation to future offtake of battery grade nickel and cobalt sulphate products from NiWest.
  • Appointment of Mr David Edwards as Chief Financial Officer.
14 Apr 2023

Alliance Nickel Limited Uploaded a Corporate Update
April 14, 2023

Alliance Nickel mentioned in Stockhead article

“How heap leach thinking could help overcome looming nickel bottlenecks” Jack McGinn, April 14, 2023

5 Apr 2023

Alliance Nickel Limited Uploaded a News Release
April 5, 2023

Commencement of Drilling Programs at Mt Kilkenny


  • Aircore and diamond drilling commencing this month to support the completion of the Definitive Feasibility Study and development of the NiWest Nickel-Cobalt Project
  • Infill aircore drill program at the Mt Kilkenny deposit to underpin a further increase in Ore Reserves
  • The aircore rig will then complete a sterilisation program in areas where major process and non-process infrastructure will be located
  • Diamond core geotechnical drilling program also planned for the mining and processing areas
22 Mar 2023

Alliance Nickel Limited Uploaded a News Release
March 22, 2023

Appointment of Chief Financial Officer


  • Alliance Nickel Limited (ASX: AXN) appoints Mr. David Edwards as CFO, a chartered accountant with over 30 years of international experience in finance, strategy, construction, and mining operations
  • Mr. Edwards will lead the project financing process, including assessing potential funding pathways such as offtake-linked funding, bank debt financing, export credit funding, strategic investment, and equity, to support AXN’s strategy of becoming a supplier of battery-grade nickel and cobalt from the NiWest Project
  • Prior to joining AXN, Mr. Edwards worked as CFO and Company Secretary at Burgundy Diamond Mines Limited, where he played a key role in a significant acquisition that transformed the company into one of the largest globally listed diamond companies
9 Feb 2023

Arrowhead published an Equity Research Report on Alliance Nickel Limited
February 9, 2023

Alliance Nickel (ASX:AXN) Research Update


  • Arrowhead is updating its coverage on Alliance Nickel Limited with a fair value bracket of AUD 0.76 to AUD 1.21 per share (share price on February 09, 2023: AUD 0.10) based on the Discounted Cash Flow methodology.
  • The company changed its name from “GME Resources Limited” (ASX: GME) to “Alliance Nickel Limited” (ASX: AXN) effective from January 27, 2023.
  • The company recently entered into a non-binding framework agreement with VinES, a subsidiary of Vingroup, related to the future sale of quantities of battery grade nickel and cobalt sulphate products from its NiWest project.
  • VinES, a subsidiary of Vingroup, mainly focuses on research, development and manufacturing of battery cells and battery technologies and has already commenced mass production from its cell manufacturing and pack manufacturing facilities in Vietnam.
  • “VinFast”, an affiliate company of VinES, has filed for an IPO on the Nasdaq exchange for 2023. “VinFast” has developed an Asian electric vehicle (EV) manufacturing base in Vietnam, thereby delivering its first shipment to the US market in November 2022, and is targeting a sale of 750,000 EVs globally by 2026.


  • Mining
    • Other Main Metals (incl. ‘Battery Metals’)
      • Cobalt
    • Base Metals
      • Nickel

Alliance Nickel is an ASX-listed exploration and development company with nickel and cobalt interests in Western Australia.

Our principal asset is our 100% owned NiWest Nickel Cobalt Project situated adjacent to Glencore’s Murrin Murrin Operations in the North Eastern Goldfields of Western Australia. The Murrin Murrin area is globally recognised as an established nickel and cobalt producing region.

NiWest hosts one of the highest-grade undeveloped nickel laterite Mineral Resources in Australia estimated to contain 85.2 million tonnes averaging 1.03% nickel and 0.06% cobalt. Over 75% of the resource is contained within the Measured and Indicated JORC categories with potential to expand the currently delineated mineralisation with further drilling.

The project is in close proximity to critical open access infrastructure such as rail and gas lines, arterial roads and the mining township of Leonora. Water resources have been established and a 2GL extraction license has been granted. We have completed extensive metallurgical test work focused on Heap Leaching technology. A successful commercial heap leach on similar ore has been trialled at Glencore’s adjacent Murrin Murrin Nickel-Cobalt Refinery.

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