J'sco Holdings Receives Report Confirming 2% Nickel Purity in Philippine Nickel Mine

JSCO Holdings announced on the 9th that it confirmed a large distribution of high-purity nickel ore with a grade of over 2% through the drilling report of the Surigao Dinagat nickel mine in the Philippines.

JSCO Holdings completed about 120 drilling operations after acquiring the development and operation rights of the nickel mine owned by EVMDC (EV Mining & Development Corporation), a local partner in the Philippines, and PMDC, a state-owned company under the Philippine Department of Environment and Natural Resources, on the 20th of last month. Currently, drilling reports are being received sequentially in batches of 30.

The Dinagat area is known as one of the most abundant and actively mined nickel mining regions in the Philippines, with the Japanese mining company Nickel Asia Corporation (NAC) having conducted mining there for 28 years. The company explained that since the local ore must contain at least 1.2% nickel to be exportable, the active mining indicates that this is a high-grade nickel ore region.

JSCO Holdings plans to submit the component analysis, reserves, and development plan to the Mines and Geosciences Bureau (MGB) in September based on the drilling analysis report (Assay Laboratory Analysis Report) together with EVMDC. They plan to build infrastructure such as roads, accommodations, and barge docking facilities and commence full-scale mining. This month, they will also conduct an on-site inspection of the Dinagat nickel mine in the Philippines with media and analysts to actively strengthen communication for improving business credibility.

Additionally, EVMDC has completed drilling at 120 sites and is conducting drilling at about 200 more locations. Notably, the mine is adjacent to the coastline and has a river within the mining area that allows barge operations, providing an advantage in mining costs. Based on future analysis reports, they also plan to receive a valuation of the nickel mine from leading overseas professional evaluation agencies.

A JSCO Holdings official stated, “Although the Philippines is the second-largest nickel ore exporter after Indonesia, domestic companies have mainly mined ore in nickel-rich countries like China and Indonesia.” He added, “With Indonesia restricting nickel ore exports and new mine development becoming difficult, and with increasing nickel demand for secondary batteries, the importance of nickel is growing, so the entry into the Philippine nickel mine will be significantly highlighted going forward.”

He continued, “As global cathode material companies are making every effort to secure nickel due to the rapidly increasing demand, JSCO Holdings plans to actively target not only domestic demand but also the overseas nickel ore market.”

Meanwhile, in countries with many mines such as Australia and Canada, it is common practice to list the mines themselves on the stock market based on mine valuation. In particular, the Toronto Venture Exchange (TSX Venture Exchange) in Canada is known for having over 1,000 resource development companies, including mining companies, listed, making listing, fundraising, and mergers and acquisitions (M&A) in the mining sector smooth and active.

This content was produced with the assistance of AI translation services.