A repeat of the famed Nova discovery would add $1 billion overnight to the value of the ASX-listed company, amid a renewed focus on exploring the outback for rich deposits according to the dominant player in Australia’s newest mining jurisdiction.
Independence Group has just trucked the first concentrate from the Nova nickel-copper mine in WA's Fraser Range province.
The concentrate made the journey from the edge of the Nullarbor to BHP Billiton's nickel concentrator at Kambalda — the town which was built on the discovery of Australia's first nickel mine 50 years ago.
BHP Billiton owns the Kalgoorlie Nickel Smelter a bit further down the road, where the world's biggest mining company uses a large furnace to produce nickel matte and slag.
The product is taken by rail to either Fremantle Port for export or BHP's Kwinana refinery where it is turned into premium nickel briquettes and powder for the London Metals Exchange.
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