Payment of the Forestry Permit Fee for the Çaldag Project, Turkey
3 June 2009 - London: European Nickel PLC ("European Nickel" or the
"Company") (AIM, PLUS: ENK) is pleased to announce payment of the
forestry permit fee for its Çaldag nickel laterite project in Turkey
("Çaldag").
The payment of US$3.7 million covers the proposed mining area, plant
site and location of the heap pads and includes the annual forestry
fee, a one-off payment, VAT and stamp duty for the life of the mine.
This will now enable European Nickel to commence preparing the site
for earthworks and development once the project funding has been
completed, which continues to be anticipated during the second half
of 2009.
For more information, please visit www.enickel.co.uk or contact:
Simon Purkiss or Andrew Lindsay, European Nickel
Tel: 020 7290 3130
Mike Jones or Andrew Chubb, Canaccord Adams
Tel: 020 7050 6500
Alex Buck, BuckBias
Tel: 020 7244 8053 or Mobile: 07932 740 452
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