Jaysco Holdings announced on the 16th that its local Philippine partner, EVMDC (EV Mining & Development), has been officially updated in the Philippine MGB (Mines and Geosciences Bureau) Region 13 mining map database.
Through this official update, it is now possible to verify in real time that EVMDC has secured the operating rights related to the Dinagat mine owned by the Philippine state-owned enterprise PMDC. The company explained that this means Jaysco Holdings and EVMDC have been officially recognized by the Philippine government, dispelling concerns and controversies related to nickel mine development.
As the administrative procedures for the Dinagat mine are being completed smoothly, Jaysco Holdings plans to begin preparations for full-scale nickel mining. Starting in November, the company intends to establish various facilities around the mine, including a single port, stockyard, fuel storage, site office, and dormitory.
Jaysco Holdings confirmed a maximum ultra-high purity nickel content of 2.8% through drilling operations at approximately 443 sites in the Dinagat mine. Considering that the average nickel content of ore extracted from mines near Dinagat is known to be between 0.8% and 1.3%, the company expects higher profitability compared to other mines.
A company representative stated, “Through the recent mine development certification plaque ceremony and this official update, it has been formally confirmed that we have secured the development and operating rights of the mine owned by Philippine PMDC and are advancing the project.” He added, “With the negative controversies related to the mine resolved, we will proceed without delay aiming to start nickel ore mining early next year to enhance corporate and shareholder value.”
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