Asset Report

Avebury nickel restart project

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15 February 2021

Avebury nickel restart project

Report summary

The Avebury deposit was discovered in 1997. After operating for less than two years the mine was placed on care and maintenance in 2009. In late September 2016, MMG entered into a share sale agreement with Dundas Mining for the purchase of the Avebury mine. The consideration comprised a deposit of A$1.5 million payable on signing, and another A$23.5 million payable on completion. The sale was completed in July 2017. Restart was expected in early 2019 but has stalled due to the local council claiming A$1 million is owed to them in unpaid rates.

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    Avebury Restart nickel operation

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