JSCO Holdings Completes Drilling at Dinagat Nickel Mine in the Philippines... "Final Report to be Received by the End of This Month"

JSCO Holdings announced on the 6th that it has completed a total of approximately 443 drilling operations at the Dinagat nickel mine in the Philippines.

JSCO Holdings began drilling operations in August with a target of around 300 sites. Following about 120 sites in August, an additional approximately 323 sites were drilled, completing a total of 443 drilling operations as of the 26th of last month. By the end of this month, the company expects to receive the comprehensive Assay Laboratory Analysis Report for all 443 drilling sites from the global testing and inspection agency Intertek.

Based on the final report received, JSCO Holdings, together with its local Philippine partner EVMDC (EV Mining & Development), plans to analyze the nickel content, ore distribution, and total reserves, and prepare a development plan. This development plan will be submitted to the Philippine MGB (Mines and Geosciences Bureau) to pass the final procedure of Environmental Compliance Certificate (ECC) evaluation and proceed with full-scale nickel ore mining.

Having shortened the mining development process, which typically takes over four years, to just about one year, preparations for nickel mining operations, including infrastructure construction, are progressing smoothly. Additionally, through drilling at approximately 120 sites, a high-purity nickel content of up to 2.8% was confirmed, raising expectations for strong demand for the nickel ore.

A company representative stated, “The drilling operations at the Dinagat mine in the Philippines were completed at the end of last month, confirming the presence of high-purity nickel exceeding 2.0%. By conducting drilling at 443 sites, which is more than initially planned, we will be able to prepare a more accurate development plan to pass the ECC.”

They added, “With full efforts being made in recruiting experts and building infrastructure, the nickel ore mining schedule is expected to proceed as planned early next year.”

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