Heron's $1.4 billion plan emerges

SHARES in Heron Resources have soared on news of its plan to fast track development of a 50,000 tonne per annum nickel operation north of Kalgoorlie at a cost of $1.4 billion.

Heron's $1.4 billion plan emerges Heron's $1.4 billion plan emerges Heron's $1.4 billion plan emerges Heron's $1.4 billion plan emerges Heron's $1.4 billion plan emerges

Heron has said the project could generate an annual pre-tax profit of $276 million after refinancing and capital replacement charges, and using a conservative nickel price of US$3.50 per pound.

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