The Next Nickel Major: Wyloo
Wyloo Metals completed the acquisition of Mincor Resources last month, making it a producer of high-grade nickel sulphide from its newly acquired Cassini and Northern Operations mines in Kambalda, Western Australia.
The new name also applies to Wyloo’s Canadian subsidiary, formerly Ring of Fire Metals, which owns the high-grade Eagle’s Nest project and the only material chromite resource in North America, in the Ring of Fire region in northern Ontario, Canada.
Wyloo CEO Luca Giacovazzi said the combined company was unique because of its significant nickel production coupled with a strong pipeline of growth projects that will produce nickel for at least the next two decades. “We are now producing around 15,000 mt of nickel from our mines in Western Australia, which, together with our Eagle’s Nest project in Ontario, will ensure we remain a significant nickel producer for at least 20 years,” he said.
“Our project with IGO to build Australia’s first integrated battery materials facility in Kwinana will also see us expand downstream to produce precursor cathode active material (PCAM) via a low-cost and low-carbon process for the electric vehicle battery industry. We plan to do the same in Ontario, supported by long-life production from Eagle’s Nest. “We’ve also assembled an exciting exploration portfolio with dominant land positions in three of the most prolific nickel belts in the world: Kambalda; Ring of Fire; and Cape Smith; and we like the potential we see in reopening some of the mines currently in care and maintenance in Widgiemooltha.”
Giacovazzi said now was the right time to bring all three companies together under one banner. “After the rapid growth we’ve experienced during the past two years, we wanted to bring all of our companies together under one name to reflect our unique position in the market and the synergies we will achieve as one team,” he said.
“Our vision is to unearth critical minerals, innovate how we mine and process them, and sustain the planet for future generations. When people think of the cleanest, high-grade nickel sulphide, in the tier-one jurisdictions of Australia and Canada, they will think of Wyloo.”