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IPO. Norregaard, who ket at the time, and it has continued to
made the transition to maintain that momentum today.
nickel from working Nickel has traditionally been used in the
in gold, said a “score- stainless steel industry but its vital use in
card” for the past year renewable energy infrastructure, such as
would give Widgie a batteries, has seen increased demand.
favourable review. Recent spot prices have traded around
“Exploration is a $US24,000/t through the past year.
very unforgiving game S&P estimated in March that nickel pric-
and I think we’ve been es could reach as high as $US32,000/t
highly successful in over the next year as the supply squeeze
increasing the size of tightens.
our resource base,” Hungry nickel buyers – such as down-
he said. “The explora- stream car manufacturers – don’t just
tion success associ- want any nickel either. High-grade nickel
ated with Gillett North sulphides present the cleanest process-
was a very important ing opportunity which will satisfy the as-
steppingstone for the pirations of governments, organisations,
organisation. I think if manufacturers and miners to reduce car-
we put the score card bon emissions when exploring, process-
up for the year, I think ing and exporting.
it’s been a successful “The nickel sulphide business is in
period of time. for an exciting period for the next 10-15
“We’ve created val- years,” Norregaard said. “The demand
Widgie recently completed more than 18,000m of drilling across its ue and I can see lots for nickel is growing, so the fundamentals
Mt Edwards nickel project more value being cre- are very bullish and I’m certainly happy
ated in the forthcom- I’ve made the transition from gold into
“The size of the system is increasing ing year as well. It’s been a year of trials nickel.”
both along strike and at depth. I’m very and tribulations but I think we’ve come out – Fraser Palamara
enthusiastic as to the prospects of Gillett with a clean score card and a very excit-
growing further in the future.” ing next financial year awaits us.”
Widgie joined the ASX in September Widgie’s large IPO raising was reflec-
last year after completing a $24 million tive of the bullishness on the nickel mar-

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aUSTRaLIa’S PaYDIRT OCTOBeR 2022 Page 101