Toledo Mining releases financial results

From: www.mineweb.com

It has always been your Company’s intention to maximise the value of its large nickel resource base through product beneficiation. It is very pleasing therefore, to report that shortly after the end of the year under review, we signed a memorandum of understanding with Jiangxi Rare Earth and Rare Metals Tungsten Group, a major, State owned, Chinese metals producer, for the financing and construction of a, jointly owned, nickel cobalt leaching plant and associated refinery.

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