Nickel Industries Ltd (ASX:NIC)
A$ 0.885 -0.015 (-1.67%) Market Cap: 3.80 Bil Enterprise Value: 4.40 Bil PE Ratio: 21.07 PB Ratio: 1.06 GF Score: 64/100

September 2023 Nickel Industries Ltd Activities Report Call Transcript

Oct 31, 2023 / 12:00AM GMT
Release Date Price: A$0.745 (-1.97%)
Justin Charles Werner
Nickel Industries Limited - MD & Director

Thank you. Could I please ask that we turn to Page 2 of the slide presentation deck. Thank you, everyone, and welcome to the Nickel Industries September quarterly results. Again, pleased to announce a record quarter in terms of EBITDA and nickel production. Could I please ask that we turn to the next slide. As I said, record RKEF nickel metal production of 33,852 tonnes. And this was the first quarter where we saw a full contribution from our Oracle Nickel operations.

That helped us to deliver record EBITDA from operations of USD 120.7 million, which also included 1,410 tonnes. And this is NIC attributable from our HNC operations. That 1,410 tonnes represents in excess of 70,000 tonnes of nickel metal production from HNC. So it's operating well above capacity, and this is our first quarter where we've been able to capture and that is just 2 months of MHP production. We've already seen strong interest in terms of buyers who are looking to purchase that MHP for us and I'll talk about that a little bit later on.

RKEF

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