PT Merdeka Battery Materials Tbk (MBMA) is conducting extensive exploration activities to boost its nickel resource reserves, investing USD 1.2 million in the Sulawesi Cahaya Mineral (SCM) nickel mine during Q2 2024. The exploration aims to enhance the mine’s resource delineation and is aligned with future mining plans.
Key Points
- Future exploration will continue with diamond drilling and additional surveys for resource assessment.
- MBMA invested IDR 19 billion (USD 1.2 million) in exploration at the SCM nickel mine in Southeast Sulawesi.
- Completed 353 drill holes, totaling 8,639 meters, and conducted various geological surveys.
- The SCM Mine contains approximately 13.8 million tons of nickel and has a long mine life.
- The operation focuses on producing Mixed Hydroxide Precipitate (MHP) for electric vehicle battery production.
Image source: MBMA
Source Link: https://investor.id/market/366976/merdeka-battery-mbma-tambah-sumber-daya-nikel
For online demos and to follow our product innovations, please join us on LinkedIN
To talk to our team of mining communication experts, head straight to our contact page
