Pure targets Townsville refinery development

THE team that used to run Clive Palmer’s now-collapsed Queensland Nickel is looking to develop a new nickel-cobalt refinery at Townsville as early as 2020, will now pursue that dream as part of Perth-based Pure Minerals.

Pure targets Townsville refinery development Pure targets Townsville refinery development Pure targets Townsville refinery development Pure targets Townsville refinery development Pure targets Townsville refinery development

The Yabulu refinery, Townsville.

Queensland Pacific Metals will become part of Pure in a cash and scrip deal that was announced this morning.
 
QPM brings exploration assets in Queensland to complement Pure's year-long push into the battery materials space in Western Australia, but its main game is to establish a new refinery at Townsville to produce nickel sulphate and cobalt sulphate for the global battery industry.
 
Pure's chairman Jeremy King, said the tie-up with QPM would give it leverage to secure production from world-class nickel and cobalt deposits without the geological, mining or engineering risks as QPM comes with binding ore supply agreements with two New Caledonian nickel-cobalt lateritic producers.
 
The agreeme...