- Cyclops Nickel-Cobalt project license fully compliant under updated mining registration process
- National, provincial and local support received for project
- Strategic partner and investor discussions have commenced
- Indonesia is currently the largest nickel producer worldwide
Pacific Rim Cobalt Corp. (CSE: BOLT) (OTCQB: PCRCF) (XFRA: NXFE), an Indonesia-based company focused on developing nickel-cobalt opportunities in the Asia-Pacific region, received the approval of the Republic of Indonesia Ombudsman for the registration of the Cyclops Nickel-Cobalt Project license. The project license will be transferred into a foreign investment license, where it will be administered by the central government, according to a company announcement (http://nnw.fm/D3g4n).
The Cyclops Project, located in Papua Province, Indonesia, is mining and environmentally permitted with year-round access. In 2019, the company carried out a large-scale exploration and development program at its flagship 5000-hectare, Cyclops Nickel-Cobalt project. Drilling identified significant horizons of…
NOTE TO INVESTORS: The latest news and updates relating to PCRCF are available in the company’s newsroom at http://nnw.fm/PCRCF
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