RE: John Bull from Hull (Equity Sales man 😂)17 Nov 2025 15:47
Unlocked article from The Australian
https://archive.ph/shVyB#selection-645.0-851.117
Selected paragraph from the article below - seems Wyloo see their future growth to be focused on the mining and selling of nickel & rare earths, can't see how it would make sense for them to upset the apple cart with Greatland when things are running so smoothly ATM - never say never but if anything were to be in the pipeline then personally I don't see it happening until after Havieron has ramped up and both Telfer & Hav are running in parallel and even then it might be as a blocking bid if one of our peers come knocking.
The profit turnaround came on the back on big increases in Wyloo’s investments in Greatland Gold and a rare earths project made in WA that yielded a stake in Toronto-listed permanent magnet maker Neo Performance Materials.
Wyloo pocketed $182m selling its near 19.9 per cent stake in Neo in October on the back of a share price spike fuelled by the economic conflict between China and the US over the supply of rare earths and permanent magnets.
“Future growth in our business is expected to be focused on the mining and selling of nickel,” Wyloo chief executive Luca Giacovazzi said in the annual report.
Mr Giacovazzi said the focus was expected to “expand to the mining and selling of rare earths”.
“Despite ongoing challenges in the nickel market, we remain committed to our long-term vision to restart our operations in Kambalda and will continue to invest in the future of these operations, as well as our flagship Eagle’s Nest nickel, copper and platinum group element development project in Canada’s Ring of Fire region,” he said.
Wyloo said its 2024-25 exploration activities were focused on supporting a feasibility study into building the nickel concentrator at Kambalda and “advancing high-quality nickel and gold opportunities”.
ATB - Paddy
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