Australia’s Wyloo Metals has again rebranded its mineral assets in Ontario’s Ring of Fire.
The Perth-headquartered mine developer has decided to place its Canadian and Western Australian mine and exploration properties under the single banner of Wyloo.
Privately owned Wyloo acquired the assets of Toronto’s Noront Resources in April 2022, which comprises the Eagle’s Nest nickel project and its chromite properties, 500 kilometres north of Thunder Bay.
Last October, Wyloo decided to build a single brand identity with these Ontario assets with the name Ring of Fire Metals. Wyloo’s acquisition of Mincor Resources last month prompted the mining company to “unify” everything under one brand name.
"After the rapid growth we've experienced during the past two years,” said Wyloo CEO Luca Giacovazzi in a news release, “we wanted to bring all of our companies together under one name to reflect our unique position in the market and the synergies we will achieve as one team.”
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In a statement, Giacovazzi said the combined company contains a pipeline of mining projects that will produce nickel for the next two decades. The company is further mapping out plans to get into the processing of critical minerals for the electric vehicle industry.
"We are now producing around 15,000 tonnes of nickel from our mines in Western Australia which, together with our Eagle's Nest Project in Ontario, will ensure we remain a significant nickel producer for at least 20 years," he said.
Eagle's Nest is not yet in production. The company said the earliest commercial operations could start is 2030. There is no road to reach the isolated deposit in the James Bay region. Environmental assessments and technical studies for the proposed road network continue.
"Our project with IGO to build Australia's first integrated battery materials facility in Kwinana will also see us expand downstream to produce precursor cathode active material (PCAM) via a low-cost and low-carbon process for the electric vehicle battery industry. We plan to do the same in Ontario, supported by long-life production from Eagle's Nest.”
Wyloo also announced the hiring of Sylvain Goyette as vice president of projects in Canada. He will oversee the Eagle's Nest Project. Goyette worked for Glencore’s nickel division in Southern Africa and the U.S. in commercial sales and procurement roles.
