Direct Nickel was formed in 2005 to address the need for an effective and low cost processing solution for treating lateritic nickel.
Fresh from their successful flotation on the Toronto Stock Exchange of Nautilus Minerals Inc. (the world’s first and leading seafloor mining company), Julian Malnic and Russell Debney formed Direct Nickel in 2005 and in November 2006 entered into a process development and licensing agreement with the US research and development corporation, Drinkard Metalox Inc (DMI). DMI is a recognised world leader in nitrate chemistry and had earlier patented its nitric acid recycle technology which is incorporated into and a key step in the DNi Process™. DNi has exclusive and perpetual worldwide rights to the DNi Process™ which it developed and has DMI as a shareholder and technical partner.
With the close involvement at a technical and financial level of its industry, strategic and R&D partners, Direct Nickel has invested over seven years and almost $40 million in the development of the DNi Process™ and in its resource acquisition strategy.
Highlights of the Company’s progress since formation:
2005 Direct Nickel Pty Ltd founded
2008 Teck Resources Ltd and Oz Minerals invest
2009 positive Aker Solutions PFS2 delivered
2010 CSIRO makes first equity investment; successful commercial scale acid recycle demonstration in Charlotte NC
2012 CSIRO decides to make further investment; completion of construction of Stage 1 (abridged flowsheet) of Perth Test Plant; Windward Prospects Ltd subscribes for an equity investment of A$5M; Teck Resources confirms approval for funding the Stage 1 Perth Test Plant programme; 200 tonnes of ore from PT Antam’s Indonesian laterite deposit on Halmahera Island arrives in Perth
2013 Hot commissioning of the Stage 1 Test Plant commenced and completed in February; the first ore from Teck Resources majority owned Santa Fe Ipora mine in Brazil commences treatment in the Test Plant; official opening of the Perth Test Plant by WA Minister for Mines, Hon Bill Marmion; hot commissioning of the Stage 2 Test Plant (full flowsheet); completion of the planned 19 campaigns of ore through the Test Plant
2014 Delivery of the Nickel Production Demonstration Program report detailing the successful completion of the 2013 testing
2015 Windward provides a $1 million secured loan to Direct Nickel Projects Pty Ltd (the company which holds all relevant IP rights) to enable the company to pursue commercialisation of the DNi Process™
2016 Direct Nickel Projects Pty Ltd enters Administration which results in a restructuring of the shareholding of that company; DNI Technologies Pty Ltd is incorporated as a sister company of Direct Nickel Projects to pursue the commercialisation of the DNi Process™; DNi Technologies develops a licencing model to facilitate commercialisation
2017 Shareholders of Direct Nickel Ltd approve an in specie dividend of shares in Direct Nickel Holdings Pty Ltd (which holds approximately 49% of Direct Nickel Projects and 32% of DNi Technologies) and Direct Nickel Ltd is sold outside the group
|CSIRO||Teck Resources||Aker Solutions|
|Industry, Science and Innovation||WA Department of Commerce|