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PACIFIC NICKEL MINES LIMITED(PNM)

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ASX, Legal & CGT Status

Former (or subsequent) names

Shareholder links

Our website ranking of PNM: rating 5
(5 out of 5)
COMPANY WEBSITE:

 

REGISTRY:

Computershare, Level 5, 115 Grenfell Street, Adelaide SA 5000

Tel : +61 (0)3 9415 4000 or 1300 850 505 (within Australia)
Fax : +61 8 9473 2408 or 1300 534 987
RegistryWebsite RegistryEmail

Company details

ISIN: AU000000MAR2
Address: Level 4 283 George Street SYDNEY NSW 2000
Tel:  + 61 (2) 9251 0032 Fax: + 61 (2) 9475 0439

Date first listed: 26/11/2002
Company Secretary: Andrew Cooke
Sector: Materials Industry Group: XMJ
Activities: Mineral explorer focussed on intrusive-related mineral deposits in eastern Australia, with emphasis on gold, silver and associated metals

News & Events

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The suspension of trading in the securities of Pacific Nickel Mines Limited will be lifted immediately, following the release by PNM of an announcement regarding an update to PL 05/19 tenement of the Kolosori Nickel Project in the Solomon Islands.

19/03/2021

As announced on 10 March 2021 the Minister of Mines, Energy and Rural Electrification of the Solomon Island Government has provided a Consent Order reinstating PL 05/19 on the terms and conditions of the prospecting licence as originally granted. The outcome has been achieved in a timely manner. The company has now resolved the matter to its satisfaction. As for the placement, Bridge Street, the lead manager to the placement, confirms that the participants to this placement remain committed to completing the second tranche on the original terms. Also, the shareholder meeting will be cconvened at 2.00pm on 9 April 2021. ASX confirmed that trading in the company's shares will resume upon the commencement of trading on 19 March 2021. The company expects to lodge a mining lease application for the Kolosori project in the next three months. For the Jejevo nickel project, to date, a total of 16 holes have been completed with the first batch of samplse from the first six holes now with DHL en route to the ALS laboratory in Brisbane, Australia.

18/03/2021

The company provides its Financial Report for the Half Year ended 31 December 2020.

16/03/2021

Following the recent reinstatement of the Kolosori Prospecting License, the company is preparing to commence drilling at the Kolosori nickel DSO project and progressing the key development approvals including the environmental license and mining license applications needed for exporting DSO. The company has placed 5 man-portable drilling rigs as well as drilling consumables and supplies in the local centre of Havihua nearby to the Kolosori prospect.

15/03/2021

Drilling the Jejovo nickel DSO project is progressing well despite extreme weather conditions experienced in the Solomon Islands over the last few months. To date, a total of 10 holes have been completed with the first batch of samples from the first six holes now held in Honiara awaiting airfreight to the ALS laboratory in Brisbane, Australia.

11/03/2021

The Minister of Mines, Energy and Rural Electrification of the Solomon Island Government has provided written confirmation to Kolosori Nickel reinstating PL 05/19, which comprises the Kolosori Nickel Project located on Santa Isabel Island in the Solomon Islands. In light of the circumstances regarding the cancellation and reinstatement of the Kolosori PL, the Company is in the process of clarifying the second Tranche capital raising and the timing of the General Meeting.

10/03/2021

Th meeting of the Minerals Board in the Solomon Islands has been postponed to a later date yet to be confirmed.

12/02/2021

Pacific Nickel has been notified of a material change in KNL's rights to the Kolosori Nickel Project which impacts Pacific Nickel's acquisition from KNL of an 80% interest in the Kolosori Nickel Project. The company has requested the suspension of trading whilst it obtains a complete undersetanding of this matter. The company has been advised by KNL that the Minister of Mines, Energy and Rural Electrification of the Solomon Island Government has cancelled PL 05/19.

03/02/2021

The securities of Pacific Nickel Mines Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of PNM, pending the release of an announcement regarding the cancellation of PL 05/19 relating to the Kolosori Nickel Project in the Solomon Islands.

03/02/2021

name changed from Malachite Resources Limited

03/12/2020

 

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    Click here for free access to this company's:
    ASX, Legal & CGT Status

    Directors' on-market share transactions (last 5)

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    Purchases Sales

    DATEDIRECTORNUMBERPRICEAMOUNT
    10/01/2022Geoff Hiller150,000$0.093$13,875
    12/09/2018James Dean484,973$0.003$1,455
    17/07/2013Terry Cuthbertson5,000,000$0.050$250,000

    Click here for the last 20 transactions all companies

    Directors & Executives (current)

    NAMETITLEDATE OF APPT
    Terry CuthbertsonNon Exec Chairman29/03/2012
    Graham FrankCFO10/09/2021
    Robert ThomsonIndependent Director03/09/2020
    James DeanNon Exec Director10/02/2011
    Geoff HillerDirector, CEO21/03/2011

    Date of first appointment, title may have changed.

    Directors & Executives (former)

    NAMETITLEDATE OF APPOINTMENTDATE OF RESIGNATION
    Andrew McMillanNon Exec Director14/05/201211/02/2019
    Russell MearesNon Exec Director08/11/200131/12/2013
    Garry LowderChairman26/02/199730/11/2012
    Roy RandallNon Exec Director01/09/200631/12/2011

    Date of first appointment, title may have changed.