Expired MOU with TCC
July 21 2010 - 5:05AM
UK Regulatory
TIDMGPN
RNS Number : 6737P
Gladstone Pacific Nickel Limited
21 July 2010
21st July 2010
GLADSTONE PACIFIC NICKEL LIMITED (the "Company")
(ACN 104 261 887)
Expired MOU with TCC
The Company announces that that the Memorandum of Understanding, as announced on
15th October 2009, with China Tianchen Engineering Corporation for development
of a heap leach project at Marlborough expired on the 30th June 2010. The
Company will not be pursuing this project further, until such time as there is a
clear pathway forward for development and funding of the project.
ENDS
For more information or comment
Julien McInally - Gladstone Pacific Nickel Ltd
Tel:+61(0)7 3231 7100
Gerry Beaney / Robert Beenstock - Grant
Thornton Corporate Finance Tel:+44 20 7383 5100
Richard Johnson -
Arbuthnot Securities Tel: +44
20 7012 2000
Email: info@gladstonepacific.com.auGladstone Pacific Nickel Limited is an
Australian mining development company presently undertaking an Integrated
Definitive Feasibility Study for the Gladstone Nickel Project. The Company's
vision is to build a major long-life nickel cobalt refinery at the deepwater
Port of Gladstone, in Central Queensland, Australia, treating abundant high
grade nickel laterite ores from New Caledonia and other south-west Pacific
islands, underpinned by beneficiated ores from its own Marlborough deposits. The
Project has the potential to be one of the largest of its type in the world
producing some 126,000 tpa nickel (8 - 10% of global nickel demand) and 10,400
tpa of cobalt metal from its first two stages.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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