Carnilya Hill gets green light

MINCOR Resources says it has approved a new $28 million nickel mine development at its 70%-owned Carnilya Hill project in the Kambalda region of Western Australia, the nickel play’s fifth new mine development in the region since 2001.

Carnilya Hill gets green light Carnilya Hill gets green light Carnilya Hill gets green light Carnilya Hill gets green light Carnilya Hill gets green light

Investors welcomed the news, driving Mincor's share price up as much as 5% (25c) in morning trade to an intraday high of $4.93. The stock has since slipped back to $4.85 at midday.

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