Aurania Reports Latest Developments on Balangero Nickel-Cobalt Project in Northern Italy
Aurania Resources Ltd. has announced the results of 28 samples from the Balangero Nickel-Cobalt Project in Northern Italy, revealing nickel concentrations between 1560 and 2015 ppm. Historical data from the site supports these findings. The project is positioned as a potential source of 'green' nickel, aligning with EU goals for sourcing critical metals. A preliminary economic assessment is underway, suggesting significant cost savings due to existing infrastructure. The company aims to conduct a preliminary feasibility study by the end of 2026.
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Aurania Resources Ltd. published results from 28 samples of the Balangero Nickel-Cobalt Project in Northern Italy, with nickel concentrations ranging from 1560 to 2015 ppm (average 1763 ppm), and cobalt between 81.5 to 108 ppm. The project, historically significant for asbestos mining, is now seen as a viable source of 'green' nickel, crucial for EU metal sourcing goals.
A preliminary economic assessment is in progress, indicating substantial cost reductions due to existing infrastructure. Aurania plans to decide on a preliminary feasibility study before the end of 2026. Current research confirms that samples contain Awaruit and no asbestos.
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