The Lanfranchi Nickel Mine (LNM), located within mineral lease ML15/346, ML15/347, ML15/377, ML 15/385, ML 15/386, ML 15/387, ML 15/388, ML 15/486, ML 15/487, ML 15/493 and mining lease M 15/473.
LNM tenements were previously held by BHP Billiton Nickel West (BHP Nickel West) and subleased to LNM. In October 2010, ownership of the tenements was transferred into the names of Cherish Metals Pty Ltd.
Black Mountain Metals Pty Ltd (BMM, now Black Mountain Resources) purchased Cherish Metals Pty Ltd from the previous owner, Panoramic Resources, in December 2018. Cherish Metals Pty Ltd, including LNM, is a 100% wholly owned subsidiary of BMM.
October 05, 2021 – Black Mountain Metals and the Tembo Capital Group are pleased to announce that the two groups have created a strategic partnership to jointly advance the Lanfranchi nickel sulphide mine in Western Australia.
As part of the transaction, Black Mountain sold a 50% ownership interest in Lanfranchi to Tembo Capital.