West Musgrave Update
BHP to temporarily suspend West Musgrave nickel project development from October 2024, affecting Ecora's 2% royalty.
- Ecora royalty stake 2% Net Smelter Return
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Ecora Resources PLC (LSE/TSX: ECOR) notes the press release published by BHP this morning regarding its Western Australia Nickel operation, which includes the West Musgrave project over which Ecora holds a 2% Net Smelter Return royalty.
In February 2024, BHP announced that it was conducting a review of its Western Australia Nickel operations, and subsequently stated the review would consider the phasing and capital spend for the development of the West Musgrave project.
Today, BHP has announced that these operations, including the construction of the West Musgrave project, will be temporarily suspended from October 2024 with the decision to be reviewed by February 2027.
The full BHP release can be found here: https://tinyurl.com/4tfdsdyk
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.