What happened
Western Mining Corporation explorers were told in 1964 that nickel was in rocks around Kambalda. Nickel sulphides were discovered in 1966 and production began the following year.1,2
Why it matters
It started Australia's nickel industry and a wave of exploration between Norseman and Wiluna.1,2
Story cards
Around the same time
- WMC discovers nickel at Kambalda
WMC drilling found the first large nickel deposit under gossans sampled in 1954.3
- Kambalda West townsite established
A second townsite was set up 4 km west of the original.3
- Poseidon nickel share boom
The RBA paper says the 1974 Senate Select Committee report documented abuses during the boom and recommended changes to the regulation of financial markets.4,5
- Windarra and Mount Keith nickel found
Where next
Sources
- Nickel (Mining and Energy Western Australia exhibition) State Library of Western Australia
- Kambalda (item Q3192342), coordinate location P625 Wikidata
- Mining and Energy Western Australia: Nickel State Library of Western Australia
- Three Australian Asset-price Bubbles (J. Simon, 2003 conference paper) Reserve Bank of Australia
- Laverton (item Q1002750), coordinate location P625 Wikidata
- Kambalda nickel history State Library of Western Australia
From the Prospector Trails mining history dataset: each fact links to the source it was checked against. Figures are as the source gives them, in the money of their day. Not investment advice.
Keep exploring
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Pictures: Escondida Mine, Chile, NASA/GSFC/METI/ERSDAC/JAROS, and U.S./Japan ASTER Science Team (Public domain (NASA media, no copyright)).