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Anglo Pacific invests in Piauí

Anglo Pacific Group (LN:APF) has acquired a royalty on Brazilian Nickel’s US$450 million Piauí nickel-cobalt project in northeast Brazil in exchange for investment to develop the asset.

Anglo Pacific invests in Piauí Anglo Pacific invests in Piauí Anglo Pacific invests in Piauí Anglo Pacific invests in Piauí Anglo Pacific invests in Piauí

Piauí should produce 24,000tpa of contained nickel and 1,000tpa of cobalt by 2020

The agreement includes an initial payment of $2 million for a 1% gross revenue royalty (GRR) interest in the project, with Brazilian Nickel using the cash for project assessment and/or development of