NICKEL-COPPER: Metis and KGHM sign MOU for Victoria project

ONTARIO – The Metis Nation of Ontario and KGHM International have signed a memorandum of understanding for the Victoria nickel-copper project in the Sudbury Basin. KGHM has advanced the property to the development stage and plans to start...

ONTARIO – The Metis Nation of Ontario and KGHM International have signed a memorandum of understanding for the Victoria nickel-copper project in the Sudbury Basin. KGHM has advanced the property to the development stage and plans to start production in 2018 or 2019.

The MOU sets out the way in which the local Metis community will be consulted regarding the development of the project. It also details how the parties will work together to address any potential impacts the project may have on the community.

Metis Regional Councillor Juliette S. Denis, chair of the Mattawa/Lake Nipissing Consultation Committee that represents the local community, said, "Our community is very proud of the relationship that we have built with KGHM. We see this relationship as an opportunity to foster new collaborations while working together to protect our traditional values and way of life. We look forward to continuing to strengthen our relationship with KGHM as their project progresses."

The Victoria deposit contains 14.5 million inferred tonnes with a grade of 2.5% copper, 2.5% Ni, and 7.6 g/t of precious metals. More information is available at KGHM.com

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