Nickel laterite talk

THE need for rationalisation of WA’s nickel laterite industry is no secret.

At the lower end of its trading range, at just above $US3, the nickel is nonetheless viewed as buoyant, with a lot of interest in high-grade stock from numerous would-be end-users for large projects worldwide.

One stainless steel project planned to serve the domestic market in China would reportedly require twice the annual amount of Anaconda Nickel’s current production.

In the current market, WA players and onlookers sit up when the smallest local change suggests more optimism than has been spread around in the past four years.

Heron Resources is sitting on high-grade reserves at Goongarrie and receives a couple of inquiries each week from interests in India and China to check out possible production scenarios and ensure they are kept in mind.

Over the past two weeks some large buying orders have been placed for Heron stock.